Meet Roshni Nadar The New Holder of HCL Tech’s 47 Percent Stake

With the stock transfer, Roshni Nadar becomes the biggest shareholder in both HCL Corp and Vama Delhi.

Roshni Nadar Malhotra has become India’s third-richest person, following the implementation of a comprehensive succession plan inside the HCL Group. She received 47% of her father Shiv Nadar’s stakes in HCL Corporation and Vama Sundari Investments (Vama Delhi). This change has given her greater power over HCL, a $12 billion worldwide technology corporation.

Who Is Roshni Nadar?

Roshni Nadar, Shiv Nadar’s only child, became chairman of HCL Technologies in July 2020. She also oversees the Shiv Nadar Foundation’s philanthropic efforts, which focus on education and community development.

Before the stock swap, HCL founder Shiv Nadar held 51% of both HCL Corporation and Vama Delhi. The stock transfer was part of a private family agreement. This assured that the promoter family remained to own and run HCL. An exchange filing stated that the Gift Deeds have been executed to expedite succession and guarantee stability for the company’s leadership.

Shiv Nadar, the creator of HCL, is a Padma Bhushan recipient. He is well-known for his contributions to India’s information technology industry. His wife, Kiran Nadar, is a prominent art collector and philanthropist. She founded the Kiran Nadar Museum of Art and also plays contract bridge. She earned a bronze medal at the 2018 Asian Games.

HCL was started in 1976 and has been a major player in India’s IT industry. Under Roshni’s guidance, the organization plans to develop globally. With the stock transfer, she becomes the biggest shareholder in both HCL Corp and Vama Delhi. These are the primary promoter entities for HCL Technologies and HCL Infosystems. She now has voting rights for HCL Corp’s 49.94% share in HCL Infosystems and Vama Delhi’s 12.94% stake.

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This move increases Roshni Nadar’s position inside the organization. It assures that HCL remains in the hands of the Nadar family. With this transition, Roshni will lead HCL’s future growth and global expansion.

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First Published: March 11, 2025 6:25 PM