Roshni Nadar Malhotra, chairperson of HCLTech, is set to become India’s third richest individual after her father, HCL founder Shiv Nadar, transferred a significant portion of his stake in the company to her. This move is part of a strategic succession plan aimed at ensuring stability in HCL’s ownership and leadership.
Roshni Nadar Malhotra Becomes India’s Third Richest After Shiv Nadar Transfers HCL Stake
Roshni Nadar Malhotra has become India’s third-richest individual after receiving a 47% stake in HCL Corporation and Vama Delhi from her father, Shiv Nadar. This strategic succession move cements her majority control over HCLTech and HCL Infosystems, reinforcing the family’s leadership in the company.
On March 6, Shiv Nadar formalized the stake transfer through two gift deeds, ensuring a seamless transition of ownership. With this transfer, Roshni Nadar Malhotra now holds significant control over HCL Corp and its subsidiaries, further solidifying her position as one of the wealthiest individuals in India
According to regulatory filings, Shiv Nadar gifted his holdings in HCL Corp and Vama Delhi to Roshni through a private family arrangement. With this transfer, she now controls the voting rights of a 44.17% stake in HCLTech and other substantial holdings in HCL Infosystems. The Securities and Exchange Board of India (SEBI) has also granted her an exemption from making an open offer, enabling a smooth transition of ownership.
Roshni Nadar Malhotra, who took over as HCLTech’s chairperson in 2020, has played a pivotal role in the company’s growth. Apart from her corporate responsibilities, she is also deeply involved in philanthropy through the Shiv Nadar Foundation, which focuses on education and conservation efforts via The Habitats Trust.
With this latest development, her net worth is estimated at INR. 84,000 crore ($10 billion), placing her among India’s wealthiest individuals, just behind Mukesh Ambani and Gautam Adani.
