Roshni Nadar Malhotra is now among India’s richest and most powerful people. This dramatic leap is primarily because of a sagacious decision by her father, Shiv Nadar, at HCL, which was founded by him.
Shiv Nadar has gifted a whopping 47% stake in crucial HCL holding companies to his daughter, Roshni, in gift deeds. This huge transfer significantly boosts her control and influence over the global technology giant.
Image: HCL Technologies
What Roshni Nadar Malhotra’s Rise Signifies:
Shiv Nadar’s Strategic Move: Shiv Nadar’s move to gift this huge stake marks a deliberate succession, assuring the Nadar family’s dominance of HCL.
Increased Control for Roshni
She now controls a majority shareholding in key HCL promoter companies.
This means very enhanced voting powers, allowing her to influence the strategic direction of HCLTech and HCL Infosystems.
Big Wealth Boost: Her net worth has risen sharply, placing her at 3rd on the Bloomberg Billionaires – India list.
Family Succession: This step is a well-thought-out succession, which ensures the continued leadership of the HCL Group by the Nadar family.
Leadership and Legacy:
She has been the chairperson of HCL Technologies since 2020.
She also plays an important role in managing the philanthropic activities of the Shiv Nadar Foundation.
Simplified: Shiv Nadar bestowed on her a larger share of HCL. This allows her to take crucial decisions.
This strategic shift, triggered by Shiv Nadar, supports Roshni Nadar Malhotra as a strong leader in Indian business, strengthening her position in taking HCL forward and sustaining the legacy of the family.
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