Former HCL Technologies CEO Vineet Nayar, who is a close friend of the Nadar family, described Shiv Nadar as his mentor. She featured in 'The World's 100 Most Powerful Women' list compiled and released by Forbes in 2017, 2018, and 2019, consecutively. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. ALSO READ: HCL Tech likely to grow 1.5-2.5%; Q1 net profit up 31.7% at Rs 2,925 cr. Excited to see another #WomanInTech take charge at the workplace! Digital Editor. She forced them (children in schools) to eat chicken for their protein intake. We are very much focused on executing the strategy than the strategy itself,” he said. Roshni Nadar Malhotra (born 1980/1981) is an Indian businesswoman, the chairperson of HCL Technologies and the first woman to lead a listed IT company in India. In fact, the role of chief strategy officer is very dear to Nadar, given the pace at which the IT industry is growing. This passing of the baton at HCL Technologies occurs at a time when the country’s capital markets regulator, the Securities and Exchange Board of India, has instructed the country’s top 500 companies to ensure that the posts of chairman and MD aren’t held by the same person (as is quite common in India.) Businesses have till the end of the next financial year to comply. So they have to be mindful of the fact that the deer can easily outpace them,” he said. I write about business and development in the Subcontinent. Last Updated at July 17, 2020 23:09 IST. Malhotra is also the founder and trustee of The Habitats Trust, a foundation working towards protecting habitats and their indigenous species. “Shiv is an institution in himself, one who has built many other great institutions. You can find me on Twitter: @mbahree or contact me on email: [email protected]. "He (Shiv) is an institution in himself who has built many other great institutions which is so fascinating to watch and applaud. Bengaluru/Mumbai On Friday, HCL Technologies announced that its founder and chairman Shiv Nadar stepped down from the role and the company's Board of Directors has appointed his daughter, Roshni… Exciting times ahead". On Friday, HCL Technologies announced that its founder and chairman Shiv Nadar stepped down from the role and the company's Board of Directors has appointed his daughter, Roshni, as the new chairperson with immediate effect. According to the latest Hurun Rich List, Roshni is India's richest woman with a net worth of Rs 36,800 crore. In most companies, the exit of the founders has seen either their second generation or professionals from outside taking over the top job. Despite Covid, wealth of Indian adults up 0.7% in H1. India’s richest woman Roshni Nadar Malhotra on Friday became the first woman to head a listed Indian IT company as she took over as the chairperson of $8.9 billion HCL Technologies from her father and billionaire Shiv Nadar. She has driven transformational efforts in the area of education as a trustee of the Shiv Nadar Foundation. Roshni married Shikhar Malhotra, vice chairman of HCL Healthcare, in 2010 and the couple has two sons -- Armaan and Jahaan. Industry body Nasscom tweeted a congratulatory message to Roshni. Copyrights © 2020 Business Standard Private Ltd. All rights reserved. In the past I've worked at AFP, The Wall Street Journal, Mint, Forbes Magazine and Reuters.
You can find me on. Team Business Standard, Shiv Nadar will continue as managing director, with the designation of chief strategy officer, the company said. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. © 2020 Forbes Media LLC. Talking about the criticality of the role in one of his earlier meetings with Business Standard, Nadar had said that his job was to ensure the company, though huge, was not disrupted by younger and more agile entities in the industry. Cofounded by her father, Shiv Nadar along with five friends, in 1976, HCL became a central player in India's rise as an IT hub. HCL Technologies, the third-largest IT services company in India, said Friday that its co-founder Shiv Nadar had stepped down as chairman of the board of directors and handed over the baton to his daughter Roshni Nadar Malhotra. “I am sure HCL will fly high under Roshni, who leads with purpose, passion and pride,” he added. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". Nadar, considered one of the founders of the Indian information technology industry, started HCL with five others, including Ajai Chowdhry and Arjun Malhotra, in 1976. Roshni Nadar Malhotra (left) had become vice-chairman in October 2018.
A passionate environmentalist, Roshni established The Habitats Trust in 2018 that works towards protecting India's natural habitats and its indigenous species.
Enjoy Reading! HCL Technologies, the third-largest IT services company in India, said Friday that its co-founder Shiv Nadar had stepped down as chairman of the board of directors and handed over the baton to his daughter Roshni Nadar Malhotra. Nadar, 75, will continue as the company’s managing director, with the designation of chief strategy officer, the Noida-headquartered company said in a statement. So far, Malhotra, 38, who is Nadar’s only child, has worn the hat of chief executive of HCL Corp., the holding company for all group entities, and was also the vice chairperson of the publicly traded HCL Technologies where she has now succeeded her father. We, however, have a request. “We are living in unprecedented times where organizations and people across geographies are dealing with challenges related to the pandemic. She did something that you won't like. The groundwork for Malhotra’s elevation as chairman has been in the making since the Kellogg Graduate School of Management alumna joined HCLT’s board in 2013 as a non-executive director. Prior to joining HCL, Malhotra worked as a news producer and earned her MBA from the Kellogg School of Management. It also said that owing to the pandemic it has suspended wage hikes for the current financial year, joining its peers Infosys and Wipro in the move. Pradeep Gaur/Mint via Getty Images Roshni Nadar Malhotra has taken … Nayar further said: "I am sure HCL will fly high under Roshni who leads with purpose, passion and pride. Children in western parts of Uttar Pradesh are generally short. FILE PHOTO, Infosys Q2 preview: Large deal wins to drive revenue growth, say analysts, Godrej Properties buys land in Bengaluru for 1.6 mn sq ft housing project, Phase 1 of EV charging grid set-up to be completed by yr-end: Ather Energy, Vodafone Idea strikes big data deal with IBM to enhance customer experience, Reliance Jio, Bharti Airtel ring in active vs inactive subscriber battle, GIC, Phoenix group start talks over Rs 800-crore office project deal, Double-digit surge in insurance sector by FY21-end: LIC MD Raj Kumar, Amazon, Flipkart woo 'kiranas' for upcoming festive season sales, India Stack fights 'tomorrow's battle' for making innovators self-reliant, Jio adds 3.5 million customers in July, Voda Idea loses 3.7 million: Trai, Shiv Nadar retires, daughter Roshni becomes HCL Technologies chairperson, Top headlines: 271 mn Indians out of poverty, Shiv Nadar retires & more, HCL Tech gains over 2% post Q1 result; Shiv Nadar steps down as Chairman, HCL Tech likely to grow 1.5-2.5%; Q1 net profit up 31.7% at Rs 2,925 cr, After Covid-19, clients will look at WFH issues: HCL Tech's C Vijayakumar, Improving outlook, margin performance to support HCL Technologies stock, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email).
As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. You may opt-out by. Shiv Nadir and Roshni Nadar Malhotra during a press conference in New Delhi.
She also pursued MBA from Kellogg School of Management. She was ranked 54th on the Forbes World's 100 Most Powerful Women list in 2019. Nadar-Malhotra is the daughter of 75 year old Shiv Nadar who founded HCL along with Ajai Chowdhry, Arjun Malhotra and five others. “HCL has become an elephant and elephants can run only at a certain pace. They have a son together who by name Armaan. Nadar, who turned 75 last month and has a net worth of $15.8 billion, will continue as the managing director and chief strategy officer, the company said. In 2019, she is ranked 54th on the Forbes World's 100 Most Powerful Women list.