Shiv Nadar Transfers 47% Stake to Daughter, Elevating Her to Third Richest in India
In a significant corporate development, HCL Technologies founder Shiv Nadar has transferred a 47% stake in HCL Corp and Vama Delhi to his daughter, Roshni Nadar Malhotra. The move solidifies her leadership role in the company and propels her to the position of India’s richest woman, with a net worth of ₹3.13 lakh crore, according to the Bloomberg Billionaires Index. This shift places her among India’s wealthiest individuals, trailing only Mukesh Ambani and Gautam Adani.
The stake transfer reinforces Roshni’s influence over HCL Technologies, which currently holds a market valuation of ₹4.20 lakh crore. The transition marks a crucial phase in the Nadar family’s corporate legacy, ensuring the continuity of leadership within the IT giant.
India’s Wealthiest Individuals – Latest Rankings
The Bloomberg Billionaires Index ranks India’s top five wealthiest individuals as follows:
- Mukesh Ambani – ₹7.69 lakh crore
- Gautam Adani – ₹6.02 lakh crore
- Roshni Nadar Malhotra – ₹3.13 lakh crore
- Shapoor Mistry – ₹3.01 lakh crore
- Savitri Jindal – ₹2.63 lakh crore
With this development, Roshni Nadar surpasses Savitri Jindal as India’s wealthiest woman. Savitri Jindal, the chairperson of the OP Jindal Group, now ranks fifth, holding a net worth of ₹2.63 lakh crore.
Roshni Nadar’s Leadership and Business Vision
Roshni Nadar Malhotra holds an undergraduate degree from Northwestern University, UK, and an MBA from the Kellogg School of Management. Before joining HCL Technologies, she worked as a producer at Sky News, UK. Her transition into the family business has been marked by a series of strategic decisions, culminating in her appointment as Chairperson of HCL Technologies in 2020.
One of her major achievements includes leading HCL’s largest acquisition, purchasing seven IBM products for ₹13,740 crore. This acquisition strengthened HCL Technologies’ presence in the global IT sector, solidifying its standing as India’s third-largest IT firm.
A Prominent Figure in Global Business and Philanthropy
Beyond her corporate role, Roshni Nadar Malhotra is actively involved in business advocacy and philanthropy. She holds significant positions, including:
- Board Member of the US-India Strategic Partnership Forum
- Global Board of Directors Member at The Nature Conservancy
- Independent Director at HDFC Asset Management Company
- Trustee of the Shiv Nadar Foundation
Her contributions to both business and social causes have earned her repeated recognition in Fortune India’s Most Powerful Women list.
Shiv Nadar’s Global Ranking
Despite transferring a significant portion of his holdings, Shiv Nadar remains one of the world’s wealthiest individuals. According to the Forbes Real-Time Billionaires List, he ranks 52nd globally, with a net worth of $34.4 billion (₹2.99 lakh crore).
HCL Technologies: A Global IT Powerhouse
Founded in 1976 by Shiv Nadar, HCL Technologies has evolved into a multinational IT services leader. Under the leadership of CEO and Managing Director C Vijayakumar, the company specializes in digital, cloud, engineering, and software services and employs over 2.27 lakh professionals worldwide.
With Roshni Nadar Malhotra now at the helm, HCL Technologies enters a new era of leadership. Her growing influence in India’s corporate and financial landscape signals a future marked by innovation and global expansion. As she continues to drive HCL Technologies’ growth, industry analysts will be closely watching the impact of her leadership on the company’s trajectory and India’s broader business ecosystem.
