Shiv Nadar steps down as HCL Tech MD

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

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.