IT firm HCL Technologies on Friday posted 31.7 per cent rise in consolidated net profit at Rs 2,925 crore for the June 2020 quarter, and said that Shiv … However, this has also pushed businesses to accept the pandemic as a catalyst for change and look at building agility and resilience into every level of their organization. Shiv Nadar, will, however, continue as managing director and chief strategy officer of the company. On a sequential basis, the topline was lower by 4 per cent from Rs 18,590 crore in the March quarter. Shiv Nadar will continue to serve as managing director and chief strategy officer of the company; HCL posted 31.7% rise in consolidated net profit at Rs 2,925 crore for June quarterBusiness tycoon Shiv Nadar has stepped down as HCL Technologies Chairman, handing over the reins to his daughter Roshni Nadar Malhotra. I am happy to report that the resilience of our operating model helped us deliver stellar operating margins and cashflows," HCL Technologies President and CEO C Vijayakumar said.He added that the company had renewed several large deals during the quarter.
Shiv Nadar of HCL has quietly completed his succession planning by elevating his daughter Roshni Nadar as the executive director and CEO of HCL Corporation, the holding company of HCL Tech and HCL Info. Roshni Malhotra, 38, was the CEO and non-executive director of the company untill recently. "Mr Nadar would continue to be MD of Company with designation as Chief Strategy Officer," the company said in a regulatory filing, adding that Roshni will succeed him with immediate effect. The company has assured employees that it would take a call on appraisals later in the year.HCL Technologies Ltd share was trading at Rs 635.35, 1.30 per cent or Rs 8.15 up on Friday, as compared to the previous day close of Rs 627.75 on the National Stock Exchange. Roshni, also a trained classical musician, came on the board of HCL Technologies in … Nadar will take over from her father, who has decided to step down, HCL Tech said in a …
Roshni Nadar Malhotra, the daughter of HCL Technologies Ltd founder Shiv Nadar, has been appointed as the chairperson of the software services company with immediate effect. "The adverse conditions during this quarter had an anticipated negative impact on our revenue. The company registered a net profit of Rs 2,220 crore in the April-June 2019 quarter (as per US GAAP), HCL Technologies said in a regulatory filing.The company's revenue grew 8.6 per cent to Rs 17,841 crore in the quarter under review, from Rs 16,425 crore in the corresponding quarter last year.
Shiv Nadar steps down, daughter Roshni is new chairperson of HCL Tech. Change of guard: Shiv Nadar steps down as HCL chairman, daughter Roshni takes over. "We are seeing a robust demand environment and a strong pipeline which gives us confidence in our growth trajectory going forward," he said.With the coronavirus pandemic dealing a major blow to companies across the world, HCL Technologies had recently assured 1.5 lakh employees that it would not cut salaries and honour the promised bonuses for the previous year.
Shiv Nadar will continue to be the Managing Director of the company with the designation as the Chief Strategy Officer as well.Roshni Nadar is currently the CEO and Executive Director of the $9.9 billion technology services company and is responsible for providing strategic guidance to the organization.Prior to being appointed as the Chairperson, she also a Vice Chairperson on the Board of HCL Technologies and the Chairperson of its CSR Committee.Before taking over as the CEO, she was the trustee of the Shiv Nadar Foundation.Roshni has a master’s in business administration, focused on social enterprise management and strategy from the Kellogg School of Management.This announcement from the company came as HCL reported its first quarter results, where it posted a 31.7% year-on-year growth in its net profit at Rs 2,925 crore.
Shiv Nadar, will, however, continue as …
HCL Technologies’ chairman Shiv Nadar has decided to step down, and his daughter Roshni Nadar Malhotra will succeed him as chairperson HCL Technologies has announced results and the company has reported a revenue growth of 1% YoY growth in constant currency came along with a significant expansion of margins on YoY basis – EBITDA at 25.6% and EBIT at 20.5% an increase of …
Business tycoon Shiv Nadar has stepped down as HCL Technologies Chairman, handing over the reins to his daughter Roshni Nadar Malhotra.
HCL, along with its partners, is helping customers embrace digital transformation and innovation to emerge stronger in this new normal. Meanwhile, it expects operating margin to be between 19.5% and 20.5% for FY21.HCL also announced that it signed 11 net new transformational deals, led by key industry verticals including telecommunication, financial services, manufacturing, life sciences and healthcare.IT Services attrition declined to 14.6%, down 270 bps on YoY basis.“We are living in unprecedented times where organizations and people across geographies are dealing with challenges related to the pandemic.
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