Shiv Nadar steps down as HCL Tech chairman, daughter Roshni takes over

Daughter Roshni Nadar Malhotra succeeds him to the top job

HCL Technologies, the third-largest IT services company in India, said Friday that its co-founder Shiv Nadar had stepped down as chairman of the board of directors and handed over the baton to his daughter Roshni Nadar Malhotra.

Nadar, 75, will continue as the company’s managing director, with the designation of chief strategy officer, the Noida-headquartered company said in a statement.

The groundwork for Malhotra’s elevation as chairman has been in the making since the Kellogg Graduate School of Management alumna joined HCLT’s board in 2013 as a non-executive director. In October 2018, she became vice-chairman of the board, paving the way for