Meet Roshni Nadar Malhotra, the daughter of HCL founder Shiv Nadar, who has solidified her position as the third richest Indian. This milestone comes after she received a 47% stake in HCL Corporation and Vama Sundari Investments (Vama Delhi) from her father. As per Bloomberg Billionaires data, this strategic succession has significantly amplified her net worth, placing her among India's wealthiest individuals. With this transition, Roshni now holds the responsibility for making strategic decisions for HCL Technologies, a $12 billion IT powerhouse, as reported by Fortune India.
Before this major transition, Shiv Nadar owned 51% of both Vama Delhi and HCL Corporation. According to an official exchange filing, 'Gift Deeds have been executed according to a private family arrangement intended to streamline succession, ensuring continuity of ownership and control within the Shiv Nadar family (promoter family) and providing stability to the company.'
Founded in 1976, HCL has played a crucial role in India's rise as a global IT hub. Roshni Nadar Malhotra took on the role of chairperson in July 2020 and has since been instrumental in steering the company forward. Additionally, she serves as a trustee of the Shiv Nadar Foundation, which focuses on revolutionizing education in India.
Who Is Roshni Nadar Malhotra?
Born in 1982, Roshni is the only child of Shiv Nadar and Kiran Nadar. Her father, often referred to as 'Magnus' by industry peers, is a Padma Bhushan awardee and a transformative figure in the IT sector. Her mother, Kiran Nadar, is an esteemed philanthropist, art collector, and founder of the Kiran Nadar Museum of Art. Kiran is also an accomplished contract bridge player, having won a bronze medal at the 2018 Asian Games in the Bridge Mixed Team event.
Roshni Nadar Malhotra received her early education at Vasant Valley School in New Delhi before moving to the United States for higher studies. She earned a Bachelor’s degree in Communication with a focus on radio, television, and film from Northwestern University. Later, she pursued an MBA from the Kellogg School of Management, specializing in social enterprise management and strategy.
Apart from her leadership at HCL Technologies, Roshni is actively involved in various global organizations. She is a member of the Dean’s Advisory Council at the MIT School of Engineering and serves on the Kellogg School of Management Executive Board for Asia. Additionally, she holds board positions at the US-India Strategic Partnership Forum (USISPF) and The Nature Conservancy (TNC). She is also an independent director on the board of HDFC Asset Management Company.
The transfer of a 47% stake from Shiv Nadar to Roshni has significantly impacted her financial standing. According to the Bloomberg Billionaires’ India list, Mukesh Ambani remains the richest Indian with a net worth of $88.1 billion, followed by Gautam Adani at $68.9 billion. Previously ranked third with a net worth of $35.9 billion, Shiv Nadar's decision to transfer his stake has now positioned Roshni as the third richest individual in India. Vama Sundari Investment, a major player among India's top midcap companies, currently holds a 44.71% stake in HCL, valued at ₹186,782 crore.
Beyond her corporate responsibilities, Roshni is a trained classical musician. In 2010, she married Shikhar Malhotra, the vice chairman of HCL Healthcare. The couple has two sons, Armaan and Jahaan. Despite her immense wealth, Roshni remains deeply committed to the values of responsibility and humility, traits instilled by her parents.
Her philanthropic work through the Shiv Nadar Foundation underscores her commitment to education and social change. The foundation has been instrumental in establishing institutions like Shiv Nadar University, VidyaGyan Leadership Academy, and Shiv Nadar Schools, transforming the educational landscape in India.
Roshni Nadar Malhotra's journey from inheriting a technological empire to shaping its future is a testament to her visionary leadership. As she steers HCL Technologies into a new era, her influence extends beyond business, encompassing education, philanthropy, and global governance. Her rise as India’s third-richest individual marks not just a personal milestone but a broader shift in India's corporate legacy.
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