Shiv Nadar steps down as HCL Tech Managing Director, becomes Chairman Emeritus
HCL Technologies co-founder Shiv Nadar steps down as Managing Director from 19 July 2021, but he will continue as Chairman Emeritus and Strategic Advisor to the Board, the Company said in a statement today.
Shiv Nadar along with seven others founded HCL Group in 1976. On completion of 76 year of age Nadar tendered his resignations as the Managing Director and the Director of the Company, a BSE filing declared. Mr. C. Vijayakumar, CEO, is appointed as the Managing Director, the Company said in a statement.
Shiv Nadar is one of the pioneers of the computing and IT industry in India. In 1976 he founded the HCL group as a start up leading the computing revolution in India. Under his guidance the Company has continued to ride the changing Global IT Landscape for over 45 years.
Last year his daughter Roshni Nadar Malhotra was appointed as Chairperson. HCL Tech's revenue crossed $10 billion in Financial Year 21. Nadar holds close to 60 per cent share in the company.