Shiv Nadar | Business Upturn

Roshni Nadar Malhotra becomes India’s richest woman, ranks third among billionaires

Kritika Priya — Wed, 12 Mar 2025 11:18:23 +0000

Roshni Nadar Malhotra, Chairperson of HCL Technologies, is now India’s richest woman and the third-richest person in the country following a substantial wealth transfer from her father, HCL founder Shiv Nadar. According to the Bloomberg Billionaires Index, the development follows Shiv Nadar’s execution of two gift deeds on March 6, transferring his 47% stake in Vama Sundari Investments (Delhi) Private Limited and HCL Corporation Private Limited to his daughter.

With this shift, Roshni Nadar Malhotra surpasses Savitri Jindal, who previously held the title of India’s wealthiest woman with a net worth of $30.1 billion. Mukesh Ambani remains India’s richest person with a fortune of $88 billion, followed by Gautam Adani at $68.9 billion. Shiv Nadar, who previously ranked third with $35.9 billion, will see his position change as a result of the transfer.

Roshni Nadar Malhotra, an alumnus of Northwestern University and the Kellogg School of Management, assumed the role of Chairperson of HCL Technologies in 2020. Under her leadership, HCL completed a landmark ₹13,740 crore acquisition of seven IBM products, marking a major expansion of the company’s portfolio.

Beyond her corporate responsibilities, she is actively involved in philanthropy. She founded The Habitats Trust in 2018, dedicated to conserving India’s natural habitats and wildlife, and plays a key role in the Shiv Nadar Foundation, which focuses on education and social impact.

The latest wealth transfer solidifies HCL’s succession planning and ensures continuity in leadership as Roshni Nadar Malhotra strengthens her role at the helm of one of India’s largest IT firms.

Top 10 wealthiest in India: Gautam Adani claims first place as Mukesh Ambani drops to second

News Desk — Thu, 29 Aug 2024 06:01:38 +0000

India’s financial elite has been reshuffled in the 2024 Hurun India Rich List, with Gautam Adani and his family claiming the top position with a wealth of ₹11.6 lakh crore, reflecting a remarkable 95% increase. This surge has propelled Adani ahead of Mukesh Ambani, who now sits in second place with a net worth of ₹10.1 lakh crore, marking a 25% increase from the previous year.The top ten list highlights the dynamic nature of wealth in India:

Rank	Name	Wealth (INR Cr)	Change	Company	Age	Residence
1(↑1)	Gautam Adani & family	1,161,800	95%	Adani	62	Ahmedabad
2(↓1)	Mukesh Ambani & family	1,014,700	25%	Reliance Industries	67	Mumbai
3(↑1)	Shiv Nadar & family	314,000	37%	HCL	79	New Delhi
4(↓1)	Cyrus S Poonawalla & family	289,800	4%	Serum Institute of India	83	Pune
5(↑1)	Dilip Shanghvi	249,900	52%	Sun Pharmaceutical Industries	68	Mumbai
6(↑3)	Kumar Mangalam Birla & family	235,200	87%	Aditya Birla	57	Mumbai
7(↓2)	Gopichand Hinduja & family	192,700	9%	Hinduja	84	London
8(-)	Radhakishan Damani & family	190,900	33%	Avenue Supermarts	69	Mumbai
9(-)	Azim Premji & family	190,700	24%	Wipro	79	Bengaluru
10(-)	Niraj Bajaj & family	162,800	35%	Bajaj	69	Mumbai

Shiv Nadar and his family have moved up to third place with a wealth of ₹314,000 crore, while Cyrus Poonawalla has dropped to fourth with ₹289,800 crore. Dilip Shanghvi and Kumar Mangalam Birla have also seen significant increases in their wealth, with Shanghvi’s fortune rising by 52%.The Hurun India Rich List reflects the ongoing changes in the Indian economy and highlights the competitive nature of wealth accumulation among the country’s elite. As Gautam Adani rises to the top, Mukesh Ambani’s position underscores the shifting dynamics within India’s business landscape.

List of companies owned by Shiv Nadar

Matrika Shukla — Fri, 15 Mar 2024 13:47:45 +0000

The name Shiv Nadar has a lot of resonance in the business and technology sectors. HCL’s founder and chairman emeritus, Nadar, has played a pivotal role in directing the organization’s expansion and positioning it as a major player in the global IT sector.

Nadar was born in 1945 in Tamil Nadu, India, and came from modest beginnings. He entered the booming IT sector in the 1970s after finishing school, and in 1976 he co-founded HCL (Hindustan Computers Limited). His leadership, vision, and unwavering resolve have been the main reasons for HCL’s extraordinary success over the previous forty years.

Here’s a list of companies owned by Shiv Nadar

HCL Technology

The flagship business of the HCL group, HCL Technology, is a well-known international technology provider of engineering and R&D services, software-led IT solutions, remote infrastructure management services, and platforms and products. HCL Technology is a major force in the IT services sector, with a presence in 52 countries and a skilled workforce of over 211,000 professionals.

HCL Technology, under the leadership of CEO C. Vijayakumar, recorded $11.8 billion in revenue for the fiscal year 2022–2023. Because of its steadfast dedication to innovation, customer-centricity, and operational excellence, the company has established long-lasting relationships with some of the most well-known companies in the world.

HCL Infosystems

One of the top suppliers of services and solutions for digital transformation is HCL Infosystems, a division of HCL Technologies. HCL Infosystems provides a wide range of IT services, distribution, and digital solutions, all with the goal of helping businesses manage the challenges presented by the digital era.

HCL Infosystems, led by CEO Rangarajan Raghavan, recorded $1.2 billion in revenue for the 2022–2023 fiscal year. The company has established itself as a reliable partner for businesses looking to fully realise the potential of digital transformation thanks to its varied portfolio and proficiency in cutting-edge technologies.

HCL Tech

Another HCL Technologies subsidiary, HCLTech, is a multinational technology firm that assists companies in rethinking their operations for the digital era. HCLTech focuses on digital, engineering, and cloud services to help businesses use cutting-edge technology to provide their clients with outstanding experiences.

HCLTech, under the direction of CEO C. Vijayakumar, announced $11.8 billion in revenue for the fiscal year 2022–2023, demonstrating its status as a top supplier of cutting-edge technological solutions. The organisation has established a solid reputation as a reliable partner for digital transformation projects thanks to its dedication to creating value and achieving business objectives.

HCL Healthcare

A specialist branch of HCL Technologies, HCL Healthcare uses technology to improve patient outcomes and change the way healthcare is delivered. HCL Healthcare is at the forefront of healthcare innovation with a full suite of solutions that includes electronic health records (EHR), population health management, clinical decision support, and data analytics.

HCL Healthcare, led by CEO Shrikanth Shetty, recorded $1.5 billion in revenue for the fiscal year 2022–2023. The division has established strong relationships with healthcare providers, payers, and life sciences organisations all over the world thanks to its deep domain expertise and state-of-the-art technological solutions.

With its varied portfolio of businesses and unwavering dedication to innovation, the HCL group is well-positioned to drive technological advancements and shape the future of various industries as the world continues to embrace digital transformation. With talented employees committed to excellence and visionary leaders at the helm, the HCL group is well-positioned to maintain its upward trajectory and make a lasting impression on the world of business.

Top interesting and unknown facts of Shiv Nadar of HCL

Shivya Kumar — Thu, 14 Oct 2021 13:11:46 +0000

Shiv Nadar is an Indian businessman. This business tycoon accounts to be the richest man in India, accumulating him to be a billionaire. His profit gains stimulate by his founding company HCL. Though he recently stepped down from his position and instituted the holdings to his daughter as the chairman of the group. The industrialist belongs from a small village in Tamil Nadu. He is said to have completed his education from a moderate school. He is said to have started working at an IT company from there on, he went on to institute his establishment. It was in the year 1976 he founded HCL. From there he started manifesting IT equipment’s and became a globally renowned IT company soon after. which accounts for him to be a diligent hardworking man which is enlisted some of the interesting and unknown facts about him down below:

Nickname

Shiv Nadar is said to have a nickname that goes by the name of Magus which facilities to mean a wizard.

Honours

He is said to account with a national honour of the Padma Bhushan which is the third-highest civilian award in India.

A novelist Brother

Shiv Nadar has a brother Ramanichandran who is one of the famous Tamil novelists. He is said to be among the best selling authors in the Tamil language

Philanthropy

The man has also founded SSN College of Engineering & Shiv Nadar University. The college also provided scholarships to special students on the criteria of excellent merit base in the field of science and technology.

Hence, these are some of the enthralling facts in regards to the self-made billionaire Shiv Nadar.

Shiv Nadar, co-founder of HCL, steps down as the managing director

Aayushi Singh — Mon, 19 Jul 2021 14:13:27 +0000

Shiv Nadar, the co-founder of HCL Technologies, had stepped down as the Managing director, effective July 19, 2021. Shiv Nadar would still continue as a Chairman Emeritus and Strategic Advisor to the Board. The HCL Group was founded in 1976 by Shiv Nadar and seven others.

A BSE filing mentioned that Shiv Nadar on the completion of 76 years of age had tendered his resignation as the Managing Director as well as the Director of the Company with the effect from close of business hours on July 19, 2021.

Shiv Nadar was the Chief Strategy Officer and the Managing Director of the Company.

The company in a statement has said that C Vijayakumar has been appointed as the Managing Director who was the CEO of the company. In the previous year his daughter, Roshni Nadar-Malhotra was appointed as the chairperson of the company.

In India, Shiv Nadar was one of the pioneers of the computing and IT Industry. The HCL group was founded by Shiv Nadar in 1976, which led the computing revolution as India’s original garage startup, and under his guidance, the company continued to ride the waves of the changing IT landscape for over 45 years.

The HCL company started off as a technology hardware company, and manufactured the first indigenous computers for the country and introduced it to Indian customers, and evolved into software services global organization. The company is one of the few global IT companies founded in the early ’70s and has still remained to exist to date.

Shiv Nadar, the founder of HCL, is the third richest person in India and is ranked as the 71st richest person globally. His net worth is USD 23.5 billion.

Top 10 richest people in India and their net worth in 2021

Shreejit Shelar — Wed, 17 Mar 2021 18:30:52 +0000

India is not just another land that contributed to the world with a concept of ‘zero (0)’. The Asian sub-continent is home to some of ‘the best’ men/women in their respective fields and lynching on every opportunity they received these ‘best’ have transpired to be India’s leading business tycoons who have even made it to the list of the world’s richest people.

As Zig Ziglar once said, ‘Expect the best. Prepare for the worst. Capitalize on what comes,’ these are the individuals that withstood the test of time and stood their ground amid India’s fluctuating industry scenario amid the Coronavirus crisis. Here’s the list of the top 10 richest people in India as per the Hurun Global Rich List of March 2021.

1. Mukesh Ambani

Mukesh Dhirubhai Ambani tops the list of wealthiest people in India and he is also the chairman, managing director, and largest shareholder of Reliance Industries Ltd. India’s leading billionaire businessman was crowned the world’s richest in 2007, as he surpassed Microsoft founder Bill Gates, the then richest man, to become the world’s richest person. Today, Mukesh Ambani has a net worth of $83 billion.

2. Gautam Adani

Gautam Shantilal Adani is a chairman and founder of the Adani Group – an Ahmedabad-based multinational conglomerate that holds its roots in the development of ports and several other operations in India. This India’s diversified organization comprises 6 publicly traded companies. Until now, it has registered itself as the market leader in its transport logistics and energy utility portfolio businesses focusing on large-scale infrastructure development in India with O & M practices benchmarked to global standards. With his wealth pegged at $32 billion, Adani holds forty-eighth slot in the world’s richest persons’ list.

3. Shiv Nadar & Family

The Indian industrialist has successfully established himself in this list by transforming the IT hardware company into an IT enterprise by constantly reinventing his company’s focus. Nadar is the founder and chairman of HCL Technologies Limited and the Shiv Nadar Foundation. With his $27 billion estimated net worth, Shiv Nadar ranks as the third richest person in India. His companies hold a presence in over 45 countries across the globe and he ranks at the 58th slot in the list of the world’s richest persons.

4. Lakshmi Mittal

Lakshmi Niwas Mittal is the chairman and CEO of ArcelorMittal. He has a net worth of $19 billion and ranks as the fourth richest person in India according to the Hurun Rich List 2021. Mittal established ArcelorMittal in 1976 when he built a greenfield rolling mill in Indonesia. He took his first international step in 1989 with the lease and subsequent acquisition of a steel company in Trinidad & Tobago.

5. Cyrus Poonawalla

Cyrus Poonawalla is an Indian businessman, and the chairman of Poonawalla Group, which includes Pune-based Serum Institute of India, the Indian biotech company that manufactures vaccines. Poonawalla witnessed a spectacular rise in his fortunes in the last few months after producing the Oxford AstraZeneca vaccine against COVID-19. He is one of the top-ranking billionaires in India with an estimated net worth of $18.5 billion.

6. Hinduja Brothers

Helmed by four Hinduja brothers — Srichand, Gopichand, Prakash, and Ashok — Hinduja Group is a conglomerate that has a combined estimated net worth of $18 billion. It has established itself in eleven sectors including Automotive, Oil and Specialty Chemicals, Banking & Finance, IT & ITeS, Cyber Security, Healthcare, Trading, Infrastructure Project Development, Media & Entertainment, Power, Real Estate.

7. Uday Kotak

Uday Kotak is an Indian billionaire banker, who is the chairman and managing director of Kotak Mahindra Bank. He is also included in Hurun’s India Rich List 2021 with an estimated net worth of $15 billion.

8. Radhakishan Damani & Family

Radhakishan Damani left his ball-bearing business and ventured as a stock market broker and investor after the death of his father who worked on Dalal Street. Damani founded the supermarket chain DMart which went public in 2017 which gradually went on to become the world’s most-valued retail chain for its unique model. With a net worth of $14.5 billion, Damani stands tall at the fourth spot in this list. Radhakishan Damani is known to occupy 87th position in the world’s richest person list.

9. Jay Chaudhry

Jay Chaudhry is an Indian-American billionaire businessman who is also the CEO and founder of Zscaler, a cybersecurity company. Chaudhry’s net worth grows estimated by 271 percent in the COVID-19 pandemic induced digitally accelerated world and his net worth stands at $13 billion.

10. Dilip Shanghvi and Family

The Indian billionaire businessman and the owner of Sun Pharmaceuticals, has managed to hold the tenth spot of the richest Indian according to the Hurun Global Rich List 2021. He and his family have an estimated worth of $12.5 billion. Shanghvi was also awarded the civilian honor of the Padma Shri by the Indian government in 2016.

HCL Q3 Results: Profit up 31% at ₹3,982 crore, revenue up 6.4% at ₹19,302 crore

Devanshu Singla — Fri, 15 Jan 2021 05:35:29 +0000

HCL Technologies reported the third quarter ended December 31 with 31% YoY rise in net profit to ₹3,982 crore while revenues up by 6.4% to ₹19,302 crore. HCL Tech reported ₹3,037 crore profits and ₹18,135 crore revenue in the same quarter last year. HCL Tech shares were up 1% at ₹1037 in early trade as compared to a flat Mumbai market. The company declared an interim dividend of ₹4 per equity share. It was 72nd consecutive quarter of dividend payout by the IT firm.

Shiv Nadar, Chief Strategy Officer, HCL Technologies Ltd said, “The technology sector is in the midst of a massive digitization wave, with more global enterprises embracing digital transformation to address the disruption of these unprecedented times. Technology has been a key enabler during the pandemic, and as we stand at the cusp of the next phase of technological innovation, it is vital that we draw inspiration from each other’s strengths and offer back our own to create a positive impact.”

Key Points to take from HCL Q3 Results:

Revenues rose 2.9 per cent YoY (4.4 per cent QoQ) to $2.62 billion.
In constant currency revenues rose 3.5% QoQ & 1.1% YoY.
Ebit margin for the 3rd quarter rose to 22.9 per cent in the December quarter from 21.6 per cent September quarter and 20.2 per cent in the December quarter of last year.
Net Income at $540 mn (Net Income margin at 20.6%) up 27.3% QoQ & up 26.5% YoY
Revenue expected to grow QoQ between 2% to 3% in constant currency for Q4, FY’21.
EBIT expected to be between 21.0% and 21.5% for FY’21

HCL said it won 13 transformational deals across industry verticals, including Life Sciences and Healthcare, Technology and Financial Services.

Roshni Nadar Malhotra, India’s richest woman, appointed as Chairperson of HCL Technologies

Akul Puri — Fri, 17 Jul 2020 12:07:02 +0000

The Indian IT giant, HCL Technologies, appointed Roshni Nadar Malhotra as the Chairperson of the company. The company released a statement on Friday appointing Malhotra as the Chairperson after her father, Shiv Nadar, stepped down from the office.

The wealthiest woman in India, Roshni Nadar had been serving as the Executive Director and the CEO of HCL Corporation. She was also the Vice-President of the board of HCL Tech and a trustee of the prestigious Shiv Nadar Foundation.

While Malhotra assumes the office of the Chairperson, Shiv Nadar would continue to be the Managing Director of the company with designation as the Chief Strategic Officer.

In the year 2013, Malhotra was inducted as the additional director in HCL Tech’s board. Just over a year after joining the company, she was promoted to the position of Executive Director and CEO at HCL Corporation.

Roshni Nadar is an alumnus of the Vasant Valley School. She went to join Northwestern University, Illinois in the United States. She further pursued a Master’s Degree in Business Administration from the prestigious Kellogg School of Management, Northwestern University, Illinois.

Malhotra has also been a part of the World Economic Forum’s forum of Young Global Leaders Initiative, a community of the world’s most outstanding leaders of next generation. She has also made a mark by getting feature from 2017 to 2019 as Forbes’ “Top 100 Most Powerful Women in the World”.

With a net worth of Rs. 31,400 crore, Roshni Nadar Malhotra is India’s richest women as per the data provided by IIFL Wealth Hurun India.