Roshni Nadar Malhotra Gifted HCL Stake By Father, Catapults To #3 Richest In India

India has a new powerhouse at the top! On March 6, 2025, HCL co-founder Shiv Nadar signed a gift deed transferring his 47% stake in Vama Sundari Investments and HCL Corp to his daughter, Roshni Nadar Malhotra, making her India’s richest woman and third richest Indian overall. The 43-year-old Chairperson of HCLTech now holds 57.33% of the holding companies, overtaking Savitri Jindal. This translates to a 63% stake in HCL Infosystems (market cap: ₹480 crore) and 44% in HCL Tech (valued at ₹1.9 lakh crore of its ₹4.25 lakh crore market cap). Shiv Nadar, a Padma Bhushan awardee, steps back to a 4% stake, while Roshni ascends into the elite league of wealth, trailing only Mukesh Ambani and Gautam Adani on Bloomberg’s rich list. With a Communications degree from Northwestern and an MBA from Kellogg, Roshni joined HCL in 2008, becoming chairperson in 2020. She’s also a trustee of the Shiv Nadar Foundation, which has invested $1.5 billion in education. SEBI granted an exemption from an open offer, smoothing the transition. Watch how Roshni Nadar Malhotra reshapes India’s billionaire landscape in this historic shift!