India’s richest woman Roshni Nadar Malhotra to takeover as HCL chairman; Q1 net profit up 31.7% at Rs 2,925 crore

IT firm HCL Technologies on Friday posted 31.7 per cent rise in consolidated net profit at Rs 2,925 crore for the June 2020 quarter, and said that Shiv Nadar has stepped down from the Chairman’s role.

Nadar’s daughter, Roshni Nadar Malhotra, will succeed him with immediate effect.

Roshni Nadar Malhotra is the richest woman in India, according to IIFL Wealth Hurun India Rich List (2019). She has featured in ‘The World’s 100 Most Powerful Women’ list compiled and released by Forbes in 2017, 2018 and 2019.

The IT major had registered a net profit of Rs 2,220 crore in the April-June 2019 quarter (as per US GAAP), HCL Technologies said in a regulatory filing.