HCL founder transfers 47% stake to daughter

HCL founder transfers 47% stake to daughter. With this transfer, Roshni Nadar Malhotra will become the largest shareholder of HCL Infosystems Ltd and HCL Tech, solidifying her position in the company founded by her father, and making her one of the richest persons in India.

HCL group founder Shiv Nadar has gifted 47 per cent of his stake in HCL Corp and Vama Delhi, the promoter entities of the group, to his daughter Roshni Nadar Malhotra, in a strategic transfer as part of a well-planned succession strategy. With this transfer, Malhotra will become the largest shareholder of HCL Infosystems Ltd and HCL Tech, solidifying her position in the company founded by her father, and making her one of the richest persons in India.

According to Forbes Real-time Billionaires List 2025, Shiv Nadar’s net worth is $ 34.4 billion, making him the 52nd wealthiest person in the world. HCL Technologies, a flagship of the group, has a market capitalisation of Rs 4.22 lakh crore. The promoters hold 60.81 per cent stake in the company, according to exchange data. Malhotra will become the fourth richest person in India after Mukesh Ambani ($ 92.2 billion), Gautam Adani ($ 56.2 billion) and Savitri Jindal & family (35.4 billion).

HCL founder transfers 47% stake to daughter: Know it’s Impact

After the transfer, Malhotra will acquire control and become a majority shareholder of Vama Delhi and HCL Corp, HCL Technologies and HCL Infosystems said in stock exchange filings.

Malhotra, who holds an undergraduate degree in Communications from Northwestern University and an MBA from the Kellogg School of Management, is the chairperson of HCL Technologies, a multinational IT services and consulting company. She had taken over the position from her father in 2020.

She will also acquire control over the voting rights in relation to the 12.94 per cent stake held by Vama Delhi and 49.94 per cent held by HCL Corp in HCL Infosystems. In HCL Tech, she will acquire a 44.17 per cent stake held by Vama Delhi and a 0.17 per cent stake from HCL Corp.

“A gift deed dated March 6, 2025, executed by Shiv Nadar in favour of his daughter Roshni Nadar Malhotra for transfer of his 47 per cent shareholding in Vama Sundari Investments (Delhi) Private Limited (Vama Delhi); and a gift deed dated March 6, 2025 executed by Shiv Nadar in favour of his daughter Roshni Nadar Malhotra for transfer of his 47 per cent shareholding in HCL Corporation Private Limited (HCL Corp),” the filing said.

The transfer is expected to strengthen the family’s leadership in HCL’s future growth.

“Gift deeds have been executed pursuant to a private family arrangement intended to streamline succession, which would ensure continuity of ownership and control by Shiv Nadar Family (promoter family) and would provide desired stability to the company,” the filings said.

Capital market regulator Securities and Exchange Board of India (SEBI) has granted Malhotra an exemption from making an open offer, facilitating the smooth transfer of shares.

Immediately prior to the execution of the gift deeds, the father and daughter held 51 per cent and 10.33 per cent shareholding, respectively, in Vama Delhi and HCL Corp. “Roshni Nadar Malhotra will acquire control of, and become majority shareholder, of Vama Delhi and HCL Corp, and accordingly will acquire control over the voting rights in relation to the 12.94 per cent stake held by Vama Delhi and 49.94 per cent stake held by HCL Corp in HCL Infosystem,” according to the filing.

Beyond her corporate role, Malhotra is involved in philanthropic activities through the Shiv Nadar Foundation, which is focused on education and has established some of India’s top colleges and schools, and conservation efforts via The Habitats Trust.

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