Shiv Nadar transfers HCL controlling stake to daughter

forbes.com

Shiv Nadar has transferred his controlling stake in HCL Technologies to his daughter, Roshni Nadar Malhotra. This move is part of a succession plan he initiated five years ago. Nadar gifted his 47% stake in HCL Corp. and Vama Delhi to Malhotra, making her the majority shareholder. This arrangement aims to ensure the family's continued control of the business. Nadar co-founded HCL in 1976 and stepped down as chairman in 2020. He remains chairman emeritus and strategic advisor, with a net worth of $34.4 billion.


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