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Indian tech firm appoints founder’s daughter to board

Roshni Nadar Malhotra, the only child of HCL Corporation founder, Shiv Nadar, has been appointed a non-executive director on the board of the group’s software services firm, HCL Technologies.
Roshni Nadar Malhotra

Roshni Nadar Malhotra, the only child of HCL Corporation founder, Shiv Nadar, has been appointed a non-executive director on the board of the group’s software services firm, HCL Technologies.

Revealed in the company’s annual report, released this week, the appointment is being touted by the Indian media as a preparatory step in Nadar’s succession plan for the multi-billion dollar company.

HCL Technologies is India’s fourth largest software services firm and for the year ended June 30 saw revenues of 25,734 crore (€3.2 billion), up 22.4% on the previous financial year.

Malhotra, 31, a former news producer for Sky News and CNN, is also a trustee of the Shiv Nadar Foundation and oversees its education initiatives.

Earlier this year, a spokesperson from HCL Corporation confirmed she would takeover as chair when her father, 68, retired, but said a timeline had not been set for when this would happen.

Established in 1976, HCL Corporation also has interests in PC and tablet manufacturer, HCL Infosystems.

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