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HCL Tech’s founder mulling an exit: Report

21 Feb 2014 Evaluate

HCL Technologies’ founder and chief strategy officer Shiv Nadar is reportedly looking to exit the company by selling his approximately $10 billion (Rs 62,000 crore) stake in India’s fourth-largest IT company. Billionaire Nadar probably is looking to exit as his daughter Roshni, a member on the HCL board, is not interested in running the business. Nadar holds about 62% stake in HCL Technologies. Further, if a sale takes place, it could be the biggest-ever technology stake sale in India. However, the promoter has yet not appointed bankers to advise him on a sale.

HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses. HCL leverages its extensive global offshore infrastructure and network of offices in 31countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare & Life sciences.

HCL Technologies Share Price

1077.50 42.60 (4.12%)
02-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
TCS 2067.05
Infosys 1041.00
HCL Technologies 1077.50
Wipro 174.05
Tech Mahindra 1421.10
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