Roshni Nadar Malhotra new HCL chairperson as Shiv Nadar quits

Shiv Nadar will continue to serve as managing director and chief strategy officer of the company; HCL posted 31.7% rise in consolidated net profit at Rs 2,925 crore for June quarter
Shiv Nadar and Roshni

New Delhi, July 17 : HCL Technologies on Friday announced that Roshni Nadar Malhotra, the daughter of the incumbent chairperson Shiv Nadar has been appointed the new chairperson of the company’s board of directors with immediate effect.

A regulatory filing said that Shiv Nadar would continue as the MD of the company with the designation of Chief Strategy Officer.

“The Board of Directors has appointed Roshni Nadar Malhotra, Non-Executive Director as the Chairperson of the Board of Directors and the Company w.e.f. July 17, 2020, in place of Shiv Nadar who expressed his desire to step down from the position of the Chairman. Shiv Nadar would continue to be the Managing Director of the Company with the designation as the Chief Strategy Officer of the Company,” it said.

Roshni was inducted in the software exporting major’s board as an additional director in 2013.

HCL Technologies on Friday reported a 31.7 per cent rise in its net profit during April-June to Rs 2,925 crore.

During the quarter under review, the company reported Rs 17,841 crore revenue, 8.6 per cent higher on a year-on-year basis.

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