The handover from father Shiv Nadar, 75, who co-founded the IT company back in 1976, will not really lead to a shakeup or change in strategy.
Shiv Nadar will continue to be the managing Director with designation as the chief strategy officer.
Generosity in India seems to be on a decline as each year the number of philanthropists are going down as well as the donation amount.
India's richie rich club has shrunk by 11 people since the demonetisation last November, while Mukesh Ambani remains the richest Indian with a net worth of USD 26 billion, a study showed today.
"Vijay has been a transformational leader in the company leading from the front. His vision and flawless execution trackrecord best positions him for taking our journey forward," HCL Technologies Chairman and Chief Strategy Officer Shiv Nadar said.
Forbes India has released the annual India rich list and Reliance Industries' Chairman Mukesh Ambani has topped the Forbes' '100 Richest Indians' list with a net worth of USD 22.7 billion.
The '100 Richest Tech Billionaires In The World 2016' list has been topped by Microsoft founder Bill Gates with an estimated fortune of USD 78 billion.
HCL Tech has disappointed the street with its January-March quarter results. It posted Q3 net profit at Rs 1926 crore up 0.3 percent from last quarter. Rupee revenue climbed 3.4 percent at Rs 10698 crore on sequential basis. In dollar terms, revenue was up 1.3 percent, at USD 1587 million.
HCL Technologies' second quarter profit beat analysts' expectations on Tuesday while dollar revenue matched estimates. Profit grew by 11.2 percent quarter-on-quarter to Rs 1,920 crore from Rs 1,726 crore.
As per the Hurun India Philanthropy List, which is a ranking of the most generous individuals from India, 70 years old Azim Hashim Premji was named as the most generous Indian as he donated Rs 27,514 crore for education.
Among the 90 Indians on the Forbes Rich List 2015, published on Monday, Ambani (39th globally) is closely followed by pharmaceuticals business tycoon Dilip Shanghvi (44th rank with networth of USD 20 billion) and Azim Premji (48th with USD 19.1 billion).
Indian Business Icons (IBI) 2015, is a special initiative by CNBC-TV18 for celebrating 15 years of leadership.These names are now thrown open to public voting. The icon in focus is Shiv Nadar.
Billionaire Shiv Nadar owns a roughly 62 percent stake in HCL Technologies, India's No. 4 IT services exporter, through group companies.
HCL Technologies founder and chief strategy officer Shiv Nadar is looking to sell the approximately USD 10 billion (Rs 62,000 crore) stake he holds in India‘s fourth-largest IT company, a Wall Street Journal report said today.
It has tied up with US-based Johns Hopkins Medicine International for knowledge sharing and training. The initial focus will be on the Delhi NCR region.
Having built an IT behemoth, Shiv Nadar is now focussed on creating an education empire as part of his philanthropic vision
Ups and downs are part and parcel of wealth creation. This list reflects just that. Here are the biggest gainers and losers over the last year, ranked in terms of percentage change in net worth
Close on the heels of releasing the second edition of Hurun India Rich List, China-based Hurun Report Inc launched the inaugural Hurun India Philanthropy List 2013, with IT tycoon Azim Hashim Premji emerging as the most generous Indian with a donation of Rs 8,000 crore in the past year.
While Shiv Nadar, founder and chairman, HCL Tech, is confident the company will not be sold out in the next 10 years, Roshni Nadar, executive director and chief executive officer, HCL Corporation adds that the same is unlikely for the next 20 years.
The Forbes India rich list shows modest gains for India's richest due to a stumbling economy. Steel magnate Lakshmi Mittal also retains his No.2 position on the rich list with a wealth of USD 16 billion.
With networth of USD 21.5 billion, Mukesh Ambani has retained his title as India's richest person for sixth year in a row, while Mexican business tycoon Carlos Slim has emerged as wealthiest in the world for the fourth consecutive year.
A volatile rupee is hovering around two-year low levels against the US dollar. Does this mean more bang for the buck for the export-heavy IT sector? CNBC-TV18’s Sunanda Jayaseelan finds out.
The rupee declining against the US dollar will help domestic IT companies in the next two-three months, HCL Chairman Shiv Nadar said today.
HCL Technologies beat analysts’ expectations as net profit for the fourth quarter rose 51.7% year-on-year to Rs 510 crore. On a sequential basis the net profit was up 9%.
HCL founder Shiv Nadar is all set to kick start the second Shiv Nadar University, a multi-disciplinary university, on the outskirts of the capital in Noida. In an interview with CNBC-TV18, Shiv Nadar, discuss his further plans for the university.