Shiv Nadar and family donated Rs 2,708 crore (Rs 27.08 billion) in 2024-2025.
Last month, a Wall Street Journal report said Nadar planned to sell his stake worth $10 billion (or about Rs 61,000 crore, based on Wednesday's stock price of Rs 1,458.95) and was scouting for potential buyers.
HCL Technologies on Monday said its founder Shiv Nadar will take on the role of Chairman Emeritus and Strategic Advisor to the company's board. Nadar, chief strategy officer and managing director of the company, on completing 76 years of age, has tendered his resignation as the MD as well as the Director with effect from close of business hours on July 19, according to a regulatory filing. "In order to continue to benefit from his vast knowledge, experience, and wisdom in an advisory role, the Board of Directors in its meeting held today, after considering the recommendations of the Nomination & Remuneration Committee, has approved the appointment of Shri Shiv Nadar as the 'Chairman Emeritus and Strategic Advisor to the Board' for a term of five years with effect from July 20, 2021," it added.
Roshni, also a trained classical musician, came on the board of HCL Technologies in 2013 and was vice chairperson. Shiv Nadar would continue to be MD of the company with designation as chief strategy officer.
The last sale of shares in HCL Technologies by the foundation was in February 2012.
C Vijayakumar, the reticent chief executive of HCL Technologies, India's third-largest IT services firm, was recently appointed managing director, succeeding the founder, Shiv Nadar. Back in October 2016, when CVK, as he is popularly called within and outside of HCL, was named CEO, it had been somewhat of a surprise - his elevation being the result of his predecessor, Anant Gupta, suddenly stepping down to "pursue personal interests". CVK, 53, has since taken the firm from under $7 billion to over $10 billion in revenue.
IT major HCL Technologies' Shiv Nadar has retained his position as the 'most generous Indian' in 2023 as well, with a 76 per cent jump in his donations at Rs 2,042 crore. Wipro's Azim Premji's donations zoomed by 267 per cent to Rs 1,774 crore during the same year, according to the Edelgive Hurun India Philanthropy List 2023 released on Thursday. Richest Indian Mukesh Ambani donated Rs 376 crore in the year, which is an 8 per cent decline.
The amount donated by Nadar is by far bigger than the standards set by larger firms.
Only Mukesh Ambani and Gautam Adani are ahead of her.
For an annual dividend income of Rs 10 lakh or more, the investor will pay a DDT of 10 per cent
India's fourth largest software services exporter HCL Technologies on Thursday reported a 63.8 per cent rise in consolidated net profit at Rs 1,416 crore (Rs 14.16 billion) for the first quarter ended September 30, 2013, on the back of growth in Europe and encouraging macro-economic trends.
Nadar and his family donated Rs 826 crore, while Azim Premji gave Rs 453 crore and Ambani parted with Rs 402 crore, according to the Edelgive Hurun India Philanthropy List 2019.
India now has 284 billionaires, 13 more than last year, maintaining its position as the third-largest dollar-billionaire hub globally, after the US and China.
Microsoft founder Bill Gates with an estimated fortune of $78 billion heads the list
The venture, on the lines of Kishore Biyani's Future Ventures India, will focus its investments in the information technology sector, said a source familiar with the development.
Vineet Nayar, chief executive of HCL Technologies till January this year, has decided to step down from the board of the company.
Meet Kiran Nadar, bridge champion, art collector, do gooder.
All-stock deal likely to be wrapped up in two months.
Noida-based software company HCL Technologies will hire 5,000 people for its software operations during the current fiscal apart from recruiting 1,200 people for its call centre operations.
IT services firm HCL Technologies on Friday reported a 16.7 per cent increase in net profit at Rs 2,014 crore for the quarter ended September 2016.
The 2025 contraction marks the steepest decline in both the number of billionaire promoters and their aggregate wealth since 2012.
Shiv Nadar, the first-generation information technology entrepreneur, founder and chairman of the HCL Group, has announced an additional Rs 3,000-crore investment over the next five years towards the educational initiatives of his corporate social responsibility entity, the Shiv Nadar Foundation.
HCL Founder Shiv Nadar has been awarded the Honoris Causa Doctorate of Science (D Sc) by the Indian Institute of Technology - Kharagpur.
Uttar Pradesh government has awarded the project to Vamasundari Investments, the investment arm of HCL
Indian IT major HCL Technologies will provide training for three months to 100 students each in its Lucknow and Madurai campuses.
Premji is ranked 13th on Forbes' first ever list of '100 Richest People In Tech', followed by Nadar on the 14th spot.
Consolidated dollar revenue $1,321 million, up 4% q-o-q.
A new generation is being groomed to take over some of the top companies in India.
Consolidated revenues grew by 13.4% at Rs 9,283 crore.
Forbes Asia on Thursday announced its 'Heroes of Philanthropy' list for the fourth year running, with four Indians among the top 48 philanthropists.
Indian telecom czar Sunil Mittal and NRI businessman Anil Agarwal are among the four Indians featuring in the list of '48 Heroes of Philanthropy' compiled by business publication Forbes.
Formal announcement of venture into new segment on Thursday; group's entry timely, given the demand, say experts
Ten billionaires including Mukesh Ambani, Sunil Mittal are in the world's richest list.
Wipro has already bought a 40 acre plot of land in Greater Noida and is looking for an additional 100 acres.
Top ten billionaires in India.
