Roshni Nadar Malhotra Succeeds Shiv Nadar as HCL Chairman

Roshni Nadar Malhotra Succeeds Shiv Nadar as HCL Chairman

IT main HCL Technologies on Friday posted a consolidated web revenue of Rs 2,935 crore for the April to June quarter and stated that Shiv Nadar is stepping down from the Chairman’s position.

His daughter Roshni Nadar Malhotra will succeed him with speedy impact.

HCL Technologies had clocked a web revenue of Rs 2,230 crore in Q1 FY19 and Rs 3,172 crore in This fall FY20.

In Q1 FY21, the corporate’s income totalled Rs 17,842 crore as in comparison with Rs 16,427 crore within the corresponding quarter final yr. On a sequential foundation, the highest line was decrease from Rs 18,587 crore within the March quarter.

HCL Technologies has announced a dividend of Rs 2 per share. At the top of June, it had 1.5 lakh staff with gross addition of seven,005 folks.

The firm stated its board of administrators has appointed Roshni Nadar Malhotra, Non-Executive Director as Chairperson of the board and firm with impact from Friday instead of her father Shiv Nadar.

“Shiv Nadar, who expressed his desire to step down from the position of Chairman, will continue to be the Managing Director of the company with designation as the Chief Strategy Officer,” it stated in a press release.

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