Roshni Nadar 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 held by HCL Corp in HCL Infosystems.

In a fresh change in ownership that has taken the technology and business world by storm, billionaire Shiv Nadar, founder of HCL, has gifted 47 per cent of his stake in HCL Corp and Vama Delhi to his daughter Roshni Nadar Malhotra. As a part of the strategic succession plan, Roshni Nadar Malhotra 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.

After the ownership change move, Roshni Nadar Malhotra will acquire a 44.17 per cent stake in HCL Tech, held by Vama Delhi and a 0.17 per cent stake from HCL Corp. Notably, by virtue of Roshni’s stakes in Vama Delhi and HCL Corp, she will become the largest shareholder of HCL Infosystems Ltd and HCL Tech, , a report by news agency PTI said.

Who is Roshni Nadar Malhotra?

Malhotra is an undergraduate degree in Communications from Northwestern University and an MBA from the Kellogg School of Management, is the chairperson for HCLTech, a multinational IT services and consulting firm. She had taken over the role at the USD 12 billion technology company in July 2020 from her father.

Gift deed in favour of Roshni Nadar Malhotra

“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.

Majority stakes of Roshni Nadar Malhotra

“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.

In HCL Tech, Roshni will acquire control over the voting rights in relation to the 44.17 per cent stake held by Vama Delhi and the 0.17 per cent stake held by HCL Corp in the company, the PTI report said.

(With inputs from agencies)