Roshni Nadar Malhotra has officially become India’s third richest person. This significant leap came after receiving a major gift from her father, Shiv Nadar, the founder of HCL Technologies.
Roshni’s rise to this position places her just behind India’s two wealthiest individuals, Mukesh Ambani and Gautam Adani. This shift has been reflected in the Bloomberg Billionaires – India list.
Shiv Nadar transferred 47 percent of his holdings in HCL Corp and Vama Delhi to Roshni. As a result, Roshni now holds the largest stake in both HCL Technologies and HCL Infosystems Ltd. This gift has also granted her voting rights over 12.94 percent of HCL Infosystems, held by Vama Delhi, and 49.94 percent controlled by HCL Corp.
Before this transfer, Mukesh Ambani was the richest person in India, with a net worth of $88.1 billion. Gautam Adani followed with a net worth of $68.9 billion. Prior to the transfer, Shiv Nadar held the third position on the list, with a fortune of $35.9 billion.
However, after transferring his stake to Roshni, she now holds the third spot. This transfer positions her as one of the wealthiest individuals in India. Her new standing also places her among some of the world’s richest people.
The Family Arrangement and Succession Plan
The share transfer was part of a private family arrangement aimed at maintaining the stability of HCL’s leadership. The Nadar family also wanted to ensure that the family’s ownership within HCL Technologies remained intact.
According to the official statement from HCL Technologies, the gift deeds were executed as part of a broader succession plan. The company emphasized that this move would ensure continuity and stability in leadership, maintaining the family’s position as India’s third richest person.
Roshni Nadar’s Journey
Roshni Nadar Malhotra was born in 1982 and is the only child of Shiv and Kiran Nadar. After her education, she took on leadership roles at HCL Technologies and played a key role in the company’s growth.
In 2020, she became the chairperson of HCL Technologies, marking a significant milestone in her career. As chairperson, Roshni has focused on expanding HCL’s presence in the global tech industry. She has played a vital role in the company’s vision to continue being a leader in the IT and technology space.
Shiv Nadar’s decision to transfer his stake in HCL Technologies to Roshni is a clear sign of the trust he places in her ability to lead the company into the future. It also highlights the family’s commitment to maintaining their ownership and leadership within HCL Technologies, ensuring long-term stability.
Roshni’s journey as chairperson has been marked by her progressive leadership style. She has shown that she is not just a businesswoman, but a strategic leader with the vision to take the company further.
This recent transfer of wealth is a part of the larger trend of wealth passing through generations, especially in family-run businesses. Roshni’s rise to third richest is a symbol of not only her father’s success but her own achievements as well.
Today, Roshni Nadar Malhotra is a prominent figure in India’s third richest person circle. Her leadership and innovative approach to business have made her one of the most influential women in the tech industry. She continues to pave the way for future generations of women in business and technology.
As she moves forward in her leadership role at HCL Technologies, Roshni’s wealth and influence will only continue to grow. Her position as the third-richest person in India is a testament to her hard work, dedication, and strategic vision for the future of the company.
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