HCL Chairman Shiv Nadar Steps Down, Roshni Nadar to Take Over

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 function.

His daughter Roshni Nadar Malhotra will succeed him with rapid 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 contrast to 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 tip of June, it had 1.5 lakh workers 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 need to step down from the place of Chairman, will proceed to be the Managing Director of the corporate with designation because the Chief Strategy Officer,” it stated in an announcement.

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