Latest news with #RoshniNadarMalhotra
India Today
28-05-2025
- Business
- India Today
5 Indian-origin, one Indian national on Fortune's 2025 Most Powerful Women list
Indian-Americans Reshma Kewalramani, Bela Bajaria, Revathi Advaithi, and Meena Lakdawala Flynn, along with India-based Roshni Nadar Malhotra and UK-based Leena Nair, are among the leading women in the global business Kewalramani, CEO of Vertex Pharmaceuticals, ranked 18th for her groundbreaking work in biopharma. Roshni Nadar Malhotra, ranked 21st, leads HCL Technologies and champions education and conservation in chief content officer, Bela Bajaria, at 31st, oversees a massive content empire. Revathi Advaithi, ranked 62nd, drives innovation at manufacturing giant Flex. Meena Flynn, at 69th, steers Private Wealth Management at Goldman Sachs, focusing on client growth and advancing women in Here's a closer look at their KEWALRAMANI, RANK: 18Reshma Kewalramani, the Indian-origin CEO of US-based Vertex Pharmaceuticals, ranked 18th on the a licenced doctor, became Vertex Pharmaceuticals' CEO in 2020. She was previously the biopharma company's chief medical biopharma company, valued at over $110 billion, is a major player in discovering, developing and producing innovative medicines. The company is best known for developing multiple novel drug combinations to treat cystic fibrosis, which affects 1,00,000 people globally, according to Mumbai-born CEO moved to the US in 1988. She pursued a career in medicine, earning her degree from Boston University, followed by a fellowship at Massachusetts General also clinched a spot in TIME magazine's 100 Most Influential People of 2025, notably the only person of Indian NADAR MALHOTRA, RANKS: 21advertisementRanked 21st on the list, Roshni Nadar Malhotra, chairperson of HCL Technologies, has become India's richest woman — and the country's third-richest individual overall — following a transfer of shares from her father, Shiv a career in TV news, Malhotra returned to the family business in 2008. She rose to chair in 2020, looking after the company's broader strategic initiatives. In addition to her position as HCL Tech's chairperson, Malhotra is also involved in philanthropic efforts, including providing education for gifted students in rural India, and work in nature conservation, Fortune hopes to see more women in India's fast-growing tech sector. "We want more women to build long-term careers in tech," she told Fortune India earlier this 2024, she made it to Forbes's 100 Most Powerful Women list. She was ranked 81 last BELA BAJARIA, RANK: 31Indian-American Bela Bajaria, who secured 31st spot in the list, is Netflix's chief content officer. She oversees an annual content budget of over $17 billion for the OTT joined Netflix from Universal Television in 2016 as head of unscripted and scripted content, before becoming the chief content officer in has helped turn Netflix into an international entertainment giant while pushing the near-$500 billion company into live events and sports, inking deals with WWE and the NFL, Fortune in London to Indian immigrant parents, she won Miss India Worldwide in 1991. During her tenure, Netflix has frequently earned more Emmy and Oscar nominations than any other MEENA FLYNN Ranks 69Leena Nair, ranked 45, became the global CEO the French luxury fashion house Chanel in 2021 — the first woman of colour to hold the is also among the few women of colour leading a global luxury brand. Under her leadership, the 115-year-old family-controlled brand has bucked the luxury slowdown affecting its rivals by delivering a 16% increase in revenues in 2023, worth $20 in her tenure, Nair increased the funding of Chanel's charity, Foundation Chanel, to $100 million to support women's and girls' safety and economic comes from Maharashtra's Kolhapur, and climbed to the top position from modest REVATHI ADVAITHI RANKED 62 IN THE LISTRanked 62, Revathi Advaithi has led manufacturing giant Flex for past six years, with a strong focus on investing in data centre her leadership, the company's data centre business had year-over-year growth of 45% in Q4 of Calendar Year oversees more than 1,40,000 employees in 30 countries. She also sits on the boards of Uber, and the MIT Presidential CEO Advisory holds a bachelor's degree in mechanical engineering from the Birla Institute of Technology and Science (BITS), Pilani. She later earned an MBA in international business from the Thunderbird School of Global Management in the MEENA FLYNN, RANKED 69Ranked 69, Meena Flynn, co-head of global Private Wealth Management, has led that charge at Goldman Sachs, with impressive results. Goldman Sachs Wealth Management, including Private Wealth Management, oversees more than $1 trillion in assets globally, and generated over $5 billion in management and other fees last year, up 11% from 2023 and a record for the co-head of the One Goldman Sachs initiative, Flynn is also tasked with forging deeper relationships with around 100 of the firm's wealthiest clients, who collectively account for almost 20% of Goldman's revenue. A newcomer on this year's list, Flynn has championed women in her role, and the majority of the firm's global PWM partners are women, according to resides in New York City with my two children and husband, as per Forbes. She holds a bachelor's degree in economics from The George Washington University. advertisement
Time of India
15-05-2025
- Business
- Time of India
HCL-Foxconn OSAT facility will help meet growing demand for advanced technologies: Roshni Nadar Malhotra
The HCL-Foxconn JV combines HCL's deep-rooted engineering DNA and depth in technology with Foxconn's semiconductor capabilities, chairperson of the HCL Group Roshni Nadar Malhotra , said on Thursday. Nadar-Malhotra's statement comes a day after the consortium received the Cabinet nod for a Rs 3,706 crore outsourced semiconductor assembly and test (OSAT) facility in Uttar Pradesh (UP). "This collaboration will support key sectors such as consumer electronics, automotive, and industrial systems," she said in a statement. "The facility, with a capacity of 20,000 wafers per month, will help meet the growing demand for advanced technologies. It is expected to generate over 3,500 jobs. We are also focused on building semiconductor skills and enabling India's workforce in this field." HCL Group and Hon Hai Technology Group (Foxconn) received the Cabinet's approval on Wednesday to set up an OSAT facility in the Yamuna Expressway Industrial Development Authority (YEIDA) region near Jewar airport. This marks the sixth semiconductor unit to be sanctioned under the India Semiconductor Mission and the first such unit to be set up in UP. Foxconn, on its part, called it a 'landmark decision' that represented a strong vote of confidence in Foxconn's long-term commitment to India's semiconductor and electronics manufacturing ecosystem. "This OSAT venture reflects our strong belief in local partnerships, innovation, and India's potential to emerge as a major hub for advanced semiconductor packaging and testing," Foxconn said. "As we enter the execution phase, Foxconn remains focused on building local capabilities, nurturing talent, and delivering world-class manufacturing outcomes in India." This is Foxconn's second attempt at setting up a semiconductor unit in India. The first time around, the Taiwanese contract manufacturing giant had applied with Vedanta as their partner. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The upcoming plant will manufacture display driver chips used in mobile phones, laptops, automobiles, PCs, and other devices with displays. This unit is the first-of-its-kind and is expected to contribute significantly to meeting domestic demand for such chips. Union minister for electronics and information technology Ashwini Vaishnaw on Wednesday had said that this plant will contribute to about 40% of India's total demand for display driver chips.
Time of India
30-04-2025
- Business
- Time of India
Climate solutions fund launched to support low carbon innovation in India
NEW DELHI: In a move that may galvanise action on the ground to find climate solutions , one of India's leading tech giants, HCL Group, in partnership with the India Climate Collaborative (ICC), launched a unique fund - HCL ClimaForce Fund - which aims to support market-ready solutions that may contribute to meeting not only India's Paris Agreement goals but also the country's Montreal Protocol commitments in phasing down climate-damaging refrigerants in due course. Tired of too many ads? go ad free now Though the initial corpus of the fund is merely Rs 25 crore as part of the group's philanthropic initiative, the move may encourage other corporates to take a plunge into such support in the country's quest for more climate solutions for both mitigation and adaptation actions in the long run. Such a step appears to be important as the government alone cannot move towards a low-carbon future without the active involvement of all stakeholders. The fund, to begin with, is expected to give a much-needed push to over 20 market-ready solutions or low-carbon alternatives across cooling, buildings, and freight mobility sectors that are critical to India's development and climate goals. It assumes significance in view of the growing cooling demand in the country, which, as per an estimate, is expected to rise eightfold by 2037–38, driven by increasing temperatures and improved living standards. At the same time, India's building sector is projected to more than double by 2040, raising concerns around carbon-intensive construction and energy use. Similarly, in the logistics sector, freight emissions could rise by over 450% by 2050, with road freight accounting for 95% of CO₂ emissions in 2020. "With this initiative, we are investing in innovators who are creating real solutions for India's low-carbon future and also act as a bridge between innovation and adoption of these solutions, leading to a sustainable future . Tired of too many ads? go ad free now This is our first dedicated climate initiative, and we intend to make it count through meaningful partnerships and measurable impact," said Roshni Nadar Malhotra, Chairperson, HCL Group, while making an announcement of the fund a day before its launch. Unlike traditional grants, the ClimaForce Fund will facilitate innovation in a commercial setting. Selected innovations will be piloted with industry partners, backed by expert technical support. According to the HCL Group's statement on the fund, these pilots will serve as a proof-of-concept to validate the innovations, which can then be amplified through strategic visibility with investors and industry. "It is a model that goes beyond proving concepts to driving scale. The first phase of the fund will focus on cooling and buildings, while freight mobility solutions will be included in the fund's second phase starting in 2027," it said. 'We are at a critical juncture where innovation must meet urgency. The HCL ClimaForce Fund is a bold step toward accelerating solutions that can help India grow while staying within planetary boundaries. At the India Climate Collaborative, we believe in the power of partnerships to unlock scale, and this collaboration with HCL Group is about translating climate ambition into real-world impact,' said Shloka Nath, CEO, India Climate Collaborative - a not-for-profit organisation that works for the climate ecosystem in India.
Time of India
30-04-2025
- Business
- Time of India
Tech sector cautiously optimistic; cost pressures may spur opportunities: HCL Group's Roshni Nadar
Live Events Amid the ongoing global trade cross-currents, the tech industry remains "cautiously optimistic" and believes that tariff and inflationary pressures in the US may trigger cost-optimisation moves leading to "opportunities" for Indian IT companies, Roshni Nadar Malhotra, Chairperson of HCL Group has said. Roshni Nadar Malhotra - ranked fifth among the world's wealthiest women - termed the trade and tariff situation as "a double-edged sword"."We remain cautiously optimistic because we work for customers across these industries which could be impacted by tariffs, not us as an industry directly, especially in the largest markets, which is in the US," she said on the sidelines of an the same time, there is a realisation that the only way to counter tariff pressures, and indeed any rise in inflation, is cost optimisation."That is where technology can help, so it is a bit of a double-edged sword in terms of what is happening, but there are opportunities," she top boss of HCL Technologies , Nadar scripted history when she became the first Indian to step into the top 10 in Hurun Global Rich List 2025 for climb to the coveted spot came after her father Shiv Nadar, the billionaire founder of HCL Technologies , transferred 47 per cent of his stake in HCL Corporation and Vama Sundari Investments (Vama Delhi) to her - a move that made her the largest shareholder of the $12 billion tech comments come at a time when the Indian IT industry's narrative post-Q4 performance has been largely subdued, as macro uncertainties compounded by global trade woes are seen to be eroding sentiments and weighing on business USD 280 billion Indian IT sector is not directly hit by Trump 's tariff order on goods, per se, but it does derive a sizeable chunk of revenue from servicing clients in the US, a market some say is staring at an increased risk of slowdown, or worse -- and the US are meanwhile engaged in talks to hammer out a bilateral trade agreement that would avoid reciprocal tariffs. A 26 per cent 'reciprocal' tariff on Indian exports to the US is currently on a 90-day pause, set to expire on July 8. However, like other countries, India is presently subject to a 10 per cent tariff under the existing this week, US Treasury Secretary Scott Bessent said that India is likely to be among the first countries to finalise a bilateral trade agreement with America to avert reciprocal tariffs by President Donald such, India's IT services sector has been facing growth headwinds over the past quarters with clients in the US and the EU closely scrutinising tech spends amid economic pressures, while increased AI fascination had compounded fears of reduced job creation globally. Adding to the woes now, prospects of global economic wars, given the US' tariff offensive on trading partners and major allies, has deepened worry lines about slowdown in the United States, and uncertainties this month, HCL Technologies posted an 8.1 per cent increase in consolidated net profit at Rs 4,307 crore for March quarter 2024-25, mainly on account of large deals with a total contract value of about Rs 25,500 had logged a profit of Rs 3,986 crore for the same period a year from operations increased 6.1% to Rs 30,246 crore from Rs 28,499 crore in the March quarter of the year ended March 31, 2025, HCL Technologies posted an increase of about 11 per cent in net profit at Rs 17,390 crore from Rs 15,710 crore in FY24. Revenue from operations rose 6.5 per cent to Rs 1,17,055 crore FY26, the company expects revenue growth of 2-5 per cent on year-on-year basis in constant currency terms and its services revenue growth too is expected to be in the same range which is higher than its major the guidance, HCL Tech CEO and Managing Director C Vijayakumar had recently said that discretionary spending will continue to be subdued in this environment."Geopolitical factors like tariff and deglobalisation are expected to impact IT services. In the coming months, it will be an important topic to observe and monitor the ongoing development."As we look beyond the uncertain short term, I strongly believe there will be strong growth opportunities emerging out of the market uncertainty," he had said.
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Business Standard
29-04-2025
- Business
- Business Standard
Cautiously optimistic amid global headwinds: HCL Chair Roshni Nadar
The HCL group remains cautiously optimistic in the face of ongoing global uncertainties due to changes in tariff structures by various countries, including the US, the company's chairperson Roshni Nadar Malhotra said. 'We work for customers across industries which could be impacted by that (tariffs), especially in the largest market, that is the US. It is not us directly. They also realised that the only way they (industries) can counter these tariff pressures and the increase in inflation or costs is by optimisation where technology can help,' Malhotra said. She was speaking at the launch of ₹25 crore HCL Climaforce Fund. The fund will invest in the pilot stage of 20 for-profit companies and ideas working in the areas of cooling, buildings, and freight which are market-ready and have achieved technology readiness level seven. The fund has been launched in partnership with the India Climate Collaborative (ICC), the company said. Apart from supporting market-ready ideas, the climate fund will also look to foster collaboration between the smaller companies working on these ideas and the larger industries which are seeking solutions in cooling, construction, and freight mobility solutions. The fund will be operational for five years. 'We will back over 20 high-potential solutions that are ready for the real world, providing them with partial funding for pilot deployments, helping them access the networks, expertise, and validation where they need to grow,' Malhotra said. The fund, which will cover up to a maximum of 30 per cent of the total cost of the pilot projects, will also support projects in fundraising, market access, and expanding their technology even after the five-year duration of the programme ends, HCL group said in a press note.
