HCLTech names Shiv Walia as the Chief Financial Officer after Prateek Aggarwal steps down

Shiv Walia, CFO, HCLTech

Country’s third largest IT services giant HCLTech on August 19 announced that Shiv Walia has been appointed as the chief financial officer (CFO) effective from September 6, as current CFO Prateek Aggarwal resigned.

Aggarwal, who has been serving on the company’s board since October 1, 2018, decided to step down to pursue opportunities outside HCLTech. He will be with the company till September 6.

Prior to taking over the new role, Walia was the Corporate Vice President & Global Head of FP&A and Business Finance Operations at HCLTech. He started his career with the HCLTech in 1993 and has served across several finance leadership roles over the last many years.

Walia started his professional career with HCL in 1993 and served across several finance leadership roles over the last many years. He is currently Corporate Vice President & Global Head of FP&A and Business Finance Operations.

This development comes at time when the Indian IT sector has been witnessing major leadership churn, especially among CFOs. Case in point, former Wipro CFO Jatin Dalal joined Cognizant and former LTIMindtree CFO Vinit Teredesai joined Persistent Systems.

C Vijayakumar, CEO & MD, HCL Tech said, “Shiv Walia has been integral to our success over the last many years. As a seasoned finance leader, he has played key roles across our various geographies and businesses through multiple business cycles and has extensive knowledge of HCLTech’ s businesses and clients.”

“His financial acumen, international experience and pragmatic approach will be invaluable as we respond to technology shifts with speed and continue our profitable growth journey over the coming years,” he added.

Vijayakumar also thanked Prateek (Aggarwal) saying, “I also want to thank Prateek for his contributions to HCLTech over the last 12 years and wish him the very best for his future endeavors.”

Walia is a graduate in Commerce from SRCC, Delhi, a Cost Accountant and a Chartered Accountant from both India and Australia…. He has over 3 decades of experience performing various leadership roles in the finance function working in India, Singapore, Australia and United Kingdom.