Shiv Nadar gifted 47% of his stake to Roshni Nadar, making her the majority shareholder of HCL Corp and Vama Delhi. This was done as part of a succession plan.
HCL founder Shiv Nadar has gifted a 47% stake in his companies to his daughter, Roshni Nadar Malhotra. This gift, part of a strategic succession plan, makes Roshni Nadar the majority shareholder in HCL Corp and Vama Delhi.
Roshni's Increased Influence in HCL Tech and Infosystems
HCL Infosystems Limited has announced that Roshni is now the largest shareholder in HCL Tech and HCL Infosystems. Based on her shareholding in Vama Delhi and HCL Corp, her control over HCL Tech has significantly strengthened.
Detailed Breakdown of the Stake Transfer
According to information provided to the stock market:
- Roshni Nadar will acquire 12.94% of Vama Delhi and 49.94% of HCL Corp.
- In HCL Tech, she will receive 44.17% from Vama Delhi and 0.17% from HCL Corp.
- This transfer ensures that HCL's future leadership remains firmly within the family, providing the company with stability.
Company Statement
According to information released by HCL, this transfer was executed on March 6, 2025, via a gift deed. The company believes this will strengthen future leadership and accelerate HCL's growth.
Previous Stake Distribution
Before the gift deed:
- Shiv Nadar held a 51% stake in Vama Delhi and HCL Corp.
- Roshni Nadar held a 10.33% stake.
- These figures have now changed, with Roshni Nadar now holding a controlling stake.
Who is Roshni Nadar?
Roshni Nadar Malhotra holds a degree in Communications from Northwestern University and an MBA from the Kellogg School of Management. She is the Chairperson of HCL Tech, appointed to the position in July 2020. Additionally, she is actively involved in philanthropic endeavors through the Shiv Nadar Foundation.
