City
Epaper

Roshni Nadar Malhotra new HCL chairperson as Shiv Nadar quits

By IANS | Updated: July 17, 2020 15:40 IST

New Delhi, July 17 HCL Technologies on Friday announced that Roshni Nadar Malhotra, the daughter of the incumbent ...

Open in App

New Delhi, July 17 HCL Technologies on Friday announced that Roshni Nadar Malhotra, the daughter of the incumbent chairperson Shiv Nadar has been appointed the new chairperson of the company's board of directors with immediate effect.

A regulatory filing said that Shiv Nadar would continue as the MD of the company with the designation of Chief Strategy Officer.

"The Board of Directors has appointed Roshni Nadar Malhotra, Non-Executive Director as the Chairperson of the Board of Directors and the Company w.e.f. July 17, 2020, in place of Shiv Nadar who expressed his desire to step down from the position of the Chairman. Shiv Nadar would continue to be the Managing Director of the Company with the designation as the Chief Strategy Officer of the Company," it said.

Roshni was inducted in the software exporting major's board as an additional director in 2013.

HCL Technologies on Friday reported a 31.7 per cent rise in its net profit during April-June to Rs 2,925 crore.

During the quarter under review, the company reported Rs 17,841 crore revenue, 8.6 per cent higher on a year-on-year basis.

( With inputs from IANS )

Tags: Board Of DirectorsHcl TechnologiesShiv Nadar
Open in App

Related Stories

NationalWho Is Roshni Nadar Malhotra? All About the Woman Who Became India’s 3rd Richest After Receiving 47% Stake in HCL

MaharashtraNagpur Shocker: 40-Year Old HCL Technologies Employee Dies Of Sudden Cardiac Arrest in Office Washroom

BusinessAzim Premji is no longer the top philanthropist in India, guess who is...

NationalUP records 25 snake bite deaths in a fortnight

InternationalHCL Technologies logs 8% growth in Q1 net

Business Realted Stories

BusinessMarkets rebound after 4-day losing streak, Sensex gains 317 points

BusinessRBI will deliver a final 25 bps rate cut in December: HSBC Global Research

BusinessDopamine' by Robbie Raay: Simple Life Inspiring Stories, That Stir the Soul

BusinessVencer Hospital Brings World-Class Robotic Knee Surgery to Pune

BusinessHimachal CM meets Finance Commission head, seeks assistance