Shiv Nadar Steps Down as HCL Technologies Managing Director; C Vijayakumar Takes Over

HCL Technologies’ Chief Strategy Officer and Managing Director Shiv Nadar has stepped down from the position with immediate effect. The company said that Nadar has now been appointed Chairman Emeritus & Strategic Advisor to the board.

HCL Tech has appointed its President and CEO C Vijayakumar as the new Managing Director for five years with effect from July 20. He will also hold the position of CEO.

In July last year, Nadar had stepped down from the Chairman’s role and his daughter, Roshni Nadar Malhotra, succeeded him. Roshni was the first woman to chair a listed Indian IT firm.

“Shiv Nadar is one of the pioneers of the computing and IT industry in India. In 1976, he founded the HCL Group, leading the computing revolution as India’s original garage startup. Under his guidance, HCL has continued to ride the waves of the changing global IT landscape for over 45 years,” HCL said in a statement.

In a separate regulatory filing, HCL Technologies said it has appointed former IBM executive, Vanitha Narayanan, to the Board of Directors. Narayanan, as an Additional Director on the board, will act as an Independent Director, effective July 19.