Who is Roshni Nadar Malhotra, the third richest Indian?
Meet Roshni Nadar Malhotra, the third richest Indian. Roshni received 47% of her father’s stake in HCL Corporation and Vama Sundari Investments (Vama Delhi), enhancing her net worth significantly. According to Bloomberg Billionaires data, this succession plan has positioned her among India’s wealthiest individuals. With this, Roshni will be responsible for strategic decisions for HCL, a $12 billion technology company, Fortune India reported.
HCL founder Shiv Nadar gifts 47% of his stake to daughter
Prior to this announcement, Shiv Nadar held 51% shareholding respectively, in both Vama Delhi and HCL Corp.
As per the exchange filing “gift Deeds have been executed pursuant to a private family arrangement intended to streamline succession, which would ensure continuity of ownership and control by Mr Shiv Nadar Family (promoter family) and would provide desired stability to the company.”
Roshni is the only child of businessman Shiv Nadar. HCL, found in 1976, is a central player in India’s rise as an IT hub. Roshni became its chairperson in July 2020. She is also a trustee of the Shiv Nadar Foundation, which is focused on education.
Roshni is currently serving as the chairperson of HCL Technologies, a leading global technology company. The only child of Shiv Nadar, Roshni was born in 1982, and was raised in New Delhi. She attended Vasant Valley School before pursuing higher education in the United States. She earned a bachelor’s degree in communication with a focus on radio, television, and film from Northwestern University. Subsequently, she completed her Master of Business Administration from the Kellogg School of Management, specializing in social enterprise management and strategy.
Roshni Nadar Malhotra’s husband
A trained classical musician, Roshni Nadar married Shikhar Malhotra, vice chairman of HCL Healthcare, in 2010. The couple has two sons, Armaan and Jahaan. Despite her affluent background, she maintains a grounded lifestyle, emphasizing accountability and responsibility, values instilled by her parents.
