With HCL Group founder Shiv Nadar gifting 47% of his stake in HCL Corp and Vama Delhi—the group’s promoter entities—to his daughter Roshni Nadar Malhotra, she has become the third richest person in India. Reliance’s Mukesh Ambani and Adani Group’s Gautam Adani hold the first and second positions as the country’s richest individuals. Shiv Nadar’s transfer of his stake to her daughter is a strategic transfer as part of a well-planned succession strategy. Malhotra, 44, will become the largest shareholder of HCL Infosystems Ltd and HCL Tech, solidifying her position in the company founded by her father.
Net Worth
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, the crown jewel of the group, boasts a market capitalization of ₹4.22 lakh crore. According to exchange data, the promoters collectively hold a 60.81% stake in the company. With this latest development, Roshni Nadar Malhotra is set to become India’s fourth richest person, following industry titans Mukesh Ambani ($92.2 billion), Gautam Adani ($56.2 billion), and Savitri Jindal & family ($35.4 billion).
HCL Tech
Shiv Nadar founded HCL Tech in 1976. In July 2020, he stepped down as chairman, passing the role to his daughter, Roshni Nadar Malhotra. She assumed the chairperson’s position after relinquishing her role as managing director and CEO, with C. Vijayakumar succeeding her as MD and CEO.
Roshni’s Education And Career
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.
Roshni will get 12.94% voting equity stake in HCL Infosystems, which is owned by Vama Delhi, and 49.94% by HCL Corporation. Vama Sundari Investments currently holds 44.71% stake in HCL Tech, valued at Rs 1.86 lakh crore.
“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.
After Ambani And Adani..
According to Bloomberg’s real-time rankings, Reliance Industries Chairman Mukesh Ambani is India’s richest person, with a net worth of $88.1 billion (approximately ₹7.66 lakh crore). Adani Group Chairman Gautam Adani follows in second place with $68.9 billion (₹5.98 lakh crore).
India’s capital market regulator, the Securities and Exchange Board of India (SEBI), has granted Roshni Nadar Malhotra an exemption from making an open offer, ensuring a seamless transfer of shares. This move paves the way for a smooth transition in ownership without regulatory hurdles.
Beyond her corporate leadership, Roshni Nadar Malhotra is deeply committed to philanthropy. Through the Shiv Nadar Foundation, she champions education, helping establish some of India’s top colleges and schools. She is also passionate about conservation, driving impactful initiatives through The Habitats Trust to protect endangered species and ecosystems.
