His daughter Roshni succeeded him.
Shiv Nadar to take on the role of Chairman Emeritus.
New Delhi: Shiv Nadar, a pioneer in the Indian IT sector, has stepped down as the managing director and board member of HCL Technologies, a year after handing over the reins of the IT major to his daughter, Roshni Nadar Malhotra.
In July last year, Nadar had stepped down from the chairman s role and Roshni succeeded him, becoming the first woman to chair a listed Indian IT firm.
The company has appointed C Vijayakumar, president and CEO of the company, as the managing director with a title of CEO and MD for a term of five years with effect from July 20.
Shiv Nadar resigns as MD of HCL Technologies, named Chairman Emeritus business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Shiv Nadar HCL Tech MD steps down daughter Roshni Nadar Malhotra C Vijayakumar new appointment indiatvnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatvnews.com Daily Mail and Mail on Sunday newspapers.
Read more about HCL provides 17 imported ready-to-use oxygen plants to Delhi govt on Business Standard. The total combined capacity of the 17 plants is 7,300 litres per minute (LPM).