Roshni Nadar Malhotra third richest Indian after stake ‘gift’, shows data

With the recent transfer of a 47 per cent stake from her father, Shiv Nadar, founder of the HCL Group, Roshni Nadar Malhotra has become the largest shareholder in the company and the third-richest Indian, according to Bloomberg Billionaires data.

As part of succession planning, Nadar gifted 47 per cent of his stake in HCL Corporation and Vama Delhi, the promoter entities, to his daughter. Once the gift deed transfer is completed, she will gain majority control over HCL Corp and Vama, making her the largest shareholder in HCL Infosystems and HCLTech.