Shiv Nadar on Succession Planning

In March 2025, Nadar transferred a chunk of shares in the investment companies that hold the listed flagship to his daughter Roshni as part of his succession plan — a continuation of the 2020 chairmanship handover that Forbes frames as a multi-stage promoter-equity transfer rather than a single event.

In August 2020 Nadar handed the chairmanship of HCL Technologies to his daughter Roshni Nadar Malhotra, making her the first woman to chair a listed Indian IT company; in July 2021 he stepped down as managing director, succeeded by chief executive C. Vijayakumar for a five-year term.

Forbes notes that since 2020 Nadar has served as chairman emeritus and strategic advisor to HCLTech, with operational control transferred to professional management — a governance posture that distinguishes HCL from peers whose founders remained hands-on executives into their seventies.

The Forbes relational summary lists HCLTech as the primary company stake Nadar holds, with his daughter Roshni now holding the controlling stake transferred in 2025 — a clean holding-company diagram of the family's listed and unlisted interests.