Friday 17 July 2020

HCL Technologies Chairman Shiv Nadar to step down, will continue to work in this capacity

IT major HCL Technologies today announced that its Chairman Shiv Nadar has expressed the desire to step down from the position of the Chairman.
A key part of HCL's business and development strategy in Sri Lanka will be to use local talent pool in the country for global assignments, it added.

The company’s Board of Directors said that HCL Technologies has appointed Roshni Nadar Malhotra, Non-Executive Director as the Chairperson of the Board of Directors.
IT major HCL Technologies today announced that its Chairman Shiv Nadar has expressed the desire to step down from the position of the Chairman. The company’s Board of Directors said that HCL Technologies has appointed Roshni Nadar Malhotra, Non-Executive Director as the Chairperson of the Board of Directors to replace Shiv Nadar. “Shiv Nadar would continue to be the Managing Director of the Company with the designation as the Chief Strategy Officer of the Company,” HCL Technologies said in a statement. computer science major jobs is the 81st richest man in the world with a net worth of Rs 16.3 billion, according to the Bloomberg Billionaires index.

HCL Technologies made the announcement along with announcing its quarterly results for the April-June quarter, where the company saw net profit surge by 31.7% to Rs 2,925 crore. In the same period last year, the company had clocked in a profit of Rs 2,220 crore. Revenue in the first quarter of this fiscal was recorded at Rs 17,841 crore, an 8.6% jump on-year basis. “The adverse conditions during this quarter had an anticipated negative impact on our revenue. I am happy to report that the resilience of our operating model helped us deliver stellar operating margins and cash flows,” HCL Technologies said. 

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