LagatarDesk: Shiv Nadar, co-founder of IT company HCL Tech, has resigned as CEO and Managing Director. His resignation has come into effect from July 19 itself. Shiv Nadar turned 76 years old. Now Nadar will be the chairman of Emirates and strategic advisor to the board for five years. Let us tell you that on July 19, the company’s first quarter results were released. HCL Group was started by seven people including Nadar.
C Vijayakumar appointed as the new MD of the company
According to the information given to BSE, the company’s CEO and MD Shiv Nadar has turned 76 years old. That’s why he has resigned. C Vijayakumar is the new CEO and MD of the company. His term will last for the next five years. Last year, Shiv Nadar’s daughter Rashmi Nadar Malhotra was appointed as the chairperson of the company.
Rashmi Nadar will take all important decisions of the company
Shiv Nadar is a well-known person in the IT industry. He started HCL Group in 1976. HCL is the first startup company in the country. In the last 45 years, Shiv Nadar gave the company the recognition of a global IT company. Shiv Nadar holds 60 per cent stake in HCL. Therefore, all the important decisions of the company will be taken by Rashmi Nadar.
Company’s profit stood at Rs 3,214 crore in the first quarter
The company on Monday announced the first quarter results of the financial year 2021-22. During this period the consolidated profit of the company stood at 3210 crores. Earlier, in the fourth quarter of the financial year 2020-21, the consolidated profit of the company was 1100 crores.
Good performance in digital business too
In the digital business, the company’s income in the first quarter has increased to 20,068 crores. This is 12.5 percent more than last year. Digital business accounts for 23.7 per cent of HCL’s total income.
