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Shiv Nadar steps down as HCL Tech MD

Sumit Arora Published On July 26th, 2021 Leave a comment

Shiv Nadar, the founder of HCL Technologies Ltd, and its chief strategy officer has tendered his resignation as managing director, as well as a director, on completing 76 years of age. Nadar will, however, continue to guide the company in the capacity of chairman emeritus and strategic adviser to the board for five years. Vijayakumar, president and chief executive officer, has been appointed as the managing director for five years.

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The Noida-based IT services company posted a net profit of ₹3,214 crores for the June quarter, up nearly 10% annually. It is slightly below consensus Bloomberg estimates of ₹3,255.5 crores.

Important takeaways for all competitive exams:

HCL Technologies CEO: C Vijayakumar.
HCL Technologies Founded: 11 August 1976.
HCL Technologies Headquarters: Noida.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.