Shiv Nadar Gifts 47% Stake in HCL Corp to Daughter Roshni
In a significant move towards succession planning, HCL Group Founder Shiv Nadar has gifted his 47% stake each in HCL Corporation and Vama Sundari Investments (Delhi) to his daughter Roshni Nadar Malhotra. This transfer makes Roshni the majority shareholder in both entities, marking a significant milestone in the company’s history.
Before executing the gift deeds, Shiv Nadar held 51% stakes in Vama Sundari Investments (Delhi) and HCL Corporation, while Roshni held 10.33% stakes in the same entities. With this gift, Roshni now holds 51% stakes in both HCL Corporation and Vama Sundari Investments (Delhi), making her the majority shareholder in both companies.
This decision is seen as a strategic move by Shiv Nadar to ensure a smooth transition of his business empire to the next generation. Roshni, who is already involved in the company’s operations, has been instrumental in driving HCL’s digital transformation strategy and has been credited with playing a key role in the company’s growth and success.
Roshni Nadar Malhotra has been an active participant in the company’s decision-making process and has been instrumental in shaping the company’s future direction. Her extensive experience in the technology industry and her understanding of the company’s operations make her an ideal candidate to take over the reins of the company.
The transfer of stakes is seen as a vote of confidence by Shiv Nadar in his daughter’s ability to lead the company into the future. The move is also expected to bring stability and continuity to the company, as Roshni is well-equipped to navigate the challenges of the rapidly changing technology landscape.
HCL Corporation, founded by Shiv Nadar in 1976, has grown to become one of India’s largest technology companies, with a presence in over 50 countries. The company has a diverse portfolio of products and services, including software development, IT consulting, and engineering services.
Under Roshni’s leadership, HCL Corporation is expected to continue to drive innovation and growth, leveraging its expertise in emerging technologies such as artificial intelligence, machine learning, and cloud computing. The company is also expected to continue to invest in research and development, with a focus on developing cutting-edge solutions to meet the evolving needs of its customers.
The transfer of stakes is also seen as a testament to Shiv Nadar’s commitment to succession planning and his willingness to pass on the baton to the next generation. The move is expected to ensure a smooth transition of power and ensure that the company remains competitive and innovative in the years to come.
In conclusion, Shiv Nadar’s decision to gift his 47% stake in HCL Corporation and Vama Sundari Investments (Delhi) to his daughter Roshni Nadar Malhotra is a significant milestone in the company’s history. The transfer of stakes is expected to bring stability and continuity to the company, and Roshni’s leadership is expected to drive growth and innovation in the years to come.
