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Roshni Nadar Malhotra, chairperson of HCLTech, has emerged as the third-richest Indian following the transfer of a significant stake from her father, Shiv Nadar, founder of the HCL Group. According to Bloomberg Billionaires data, this move makes her the largest shareholder in the company and solidifies her position among India’s wealthiest individuals.
As part of succession planning, Shiv Nadar transferred 47% of his stake in HCL Corporation and Vama Delhi, the promoter entities, to his daughter, Roshni. Once the gift deed transfer is finalized, she will gain majority control over HCL Corporation and Vama, becoming the largest shareholder in both HCL Infosystems and HCLTech.
Additionally, Roshni will acquire voting rights over the 12.94% stake held by Vama Delhi and 49.94% stake held by HCL Corporation in HCL Infosystems.
According to the Bloomberg Billionaires India list is as follows:
Mukesh Ambani remains the richest Indian with a net worth of $88.1 billion.
Gautam Adani ranks second with a net worth of $68.9 billion.
Roshni Nadar Malhotra now ranks third after the stake transfer, overtaking her father, Shiv Nadar, who previously held this position with a net worth of $35.9 billion.
Vama Sundari Investment, one of the promoter entities, currently holds a 44.71% stake in HCLTech, valued at Rs 186,782 crore. Among IT companies listed on the BSE, Vama Delhi boasts the second-highest valued promoter stake and ranks ninth among the Top 30 midcap companies by valuation.
Roshni Nadar Malhotra has been chairperson of HCLTech since 2020, succeeding her father in the role. She holds a Bachelor’s degree in Communications from Northwestern University and an MBA from the Kellogg School of Management, both in the United States.
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