Roshni Nadar remains the richest Indian woman; Nykaa’s Nayar top among self-made rich woman
Roshni Nadar remains the richest Indian woman while Nykaa‘s co-founder and chief executive officer (CEO) Falguni Nayar is the richest self-made woman in India, according to a wealth report by Forbes. Her net worth has increased by 22 per cent from last year’s figure of $275 million. According to the Forbes India Rich List 2019, the total wealth held by billionaires in India grew by 23 per cent year-on-year in 2018, driven mainly by strong growth of 46 per cent in the country’s equity market.
The Forbes India Rich List 2019 also revealed that the total wealth held by billionaires in India grew by 23 per cent year-on-year in 2018, driven mainly by strong growth of 46 per cent in the country’s equity market, which included an additional $300 million by 50 Indians who entered the exclusive club from last year. This has pushed this number up to 98 from 95, who together are worth a total of $1 trillion.
Only five people featured in the Forbes India Rich List 2019 are women, which is lower than last year’s total of 10. Among those five women, three are self-made, while two own shares in the family business. The richest Indian woman, Roshni Nadar Malhotra, chairman and managing director of HCL Enterprise, retains her top spot at rank 15 among the world’s richest women. Her net worth grew by 10 per cent year-on-year to $7.8 billion in 2018.
Roshni Nadar is the chairperson of HCL Corporation and Roshni Nadar Education Foundation. The foundation is a non-profit organisation which provides scholarships for higher studies in India and around the world to bright students from economically weaker sections of society. Nadar is also the chairperson of the Mumbai Heroes Education Foundation, which works for educating the disadvantaged children of Mumbai.
Nadar has also been associated with the cause of education and women empowerment through her donation to various schools, colleges and institutes. She is a patron of the Centre for Social Research (CSR) and its programs on Women, Children and Vulnerable People. Nadar is also particularly interested in the field of children’s rights and social welfare. She has sponsored several initiatives in the field of education among other areas.
Nadar is two-time winner of “The Times of India”s Power Woman Award, given to the most influential woman in the country, who has made an outstanding contribution to both the society and industry. She was also awarded the Padma Shri in 1996. Nadar was conferred the Padma Bhushan, and won the Ratan Tata Lifetime Achievement Award, in 2015. She was ranked second on the Forbes ‘Women Power’ list for 2001. She topped the list for 2015 and 2016 as well. In 2006, she received an Honorary Doctorate degree from her alma mater Morarji Desai University.
Nykaa Founder Falguni Nayar, who started at 50, is now among the richest in the world
Falguni Nayar, founder of beauty and wellness company Nykaa, has retained her spot on the Forbes India Rich List 2019 as the self-made richest woman in the country. With a net worth of $3.3 billion, Nayar is placed at rank 17 while her fortune grew by 22 per cent in 2018 to $275 million from $229 million last year.
The Forbes India Rich List 2019, which is based on the assessment of wealth by the Forbes India team and its network of expert street research teams, is compiled from financial data from the last few years, including stock market prices and company accounts to arrive at a net worth in the manner previously reported.
Shopping site Nykaa founder and CEO Falguni Nayar is now among the richest in the world as per Forbes India Rich List 2019. The total wealth held by billionaires in India grew by 23 per cent year-on-year in 2018, driven mainly by strong growth of 46 per cent in the country’s equity market.
Nayar along with Falguni Nayar and her sister Gauri Nayar, founded beauty ecommerce marketplace Nykaa.com in 2010. The website offers high-end products from brands such as Estee Lauder, Chanel, Bobbi Brown and others. In 2018, the company reported a turnover of Rs 40 crore. She was named as Forbes’ India’s first self-made woman billionaire in 2018, the same year when the online cosmetics retailer scrip hit a peak of Rs 466 per share.
Nayar launched a new skincare brand in 2017, which was named Nykaa SKIN. The brand offers a range of products for men and women with different formulations and ingredients. Nayar is an avid swimmer and has participated in different swimming competitions across the globe. She set a World Record in her sport at the age of 12, being the youngest person to win the World Championship title at Kapalika Kutcha Sangha Swimming Club.
Nayar is the only woman who was ranked among the richest 100 entrepreneurs in India since inception (as of 2018). The online fashion and lifestyle e-tailer is now worth around $2.6 billion. Forbes put her net worth at $1.5 billion in March 2018 while she was at number 179 in its list then.
Besides, she has been ranked second on the Forbes ‘Women Power’ list for 2001 as well as 2015 and 2016, when she topped the list. Nayar, who started her career as a software engineer and is now the only woman to head two business groups in India, is among the world’s youngest self-made billionaires with a net worth of more than $1 billion.
Roshni Nadar, Founder and Chairperson, HCL Cares & HCL Education Foundation. She is the Chairperson of HCL Cares and the HCL Education Foundation. Under her stewardship, HCL has launched a number of philanthropic initiatives to serve society. She is also the Chairperson of the Mumbai Heroes Education Foundation, which works for educating the disadvantaged children of Mumbai. Together, Nadar and her team have taken initiatives to recruit and rehabilitate people affected by disasters like cyclone Ockhi and floods in Kerala.
The Foundation aims to provide opportunities to the underprivileged and disadvantaged students to overcome their circumstances and realise their true potential. The primary objective of the Foundation is to promote higher education for deserving students from economically weaker sections of society through scholarships and financial assistance, keeping in mind their financial needs and concerns. The Foundation has a long history of supporting this valuable cause. HCL Cares, a part of HCL Enterprise Ltd., support education for children living below the poverty line.
In 2008, Forbes included Roshni Nadar in India’s 40 Richest People and India’s 100 Richest Women list. In 2010, Forbes ranked her the 17th richest woman in the world (ahead of Oprah Winfrey). In 2015, Forbes included her in their list of ‘Ten Women Who Are Changing the World’.
Nadar is an alumnus of the Morarji Desai University and an executive with HCL. Nayar has a bachelor’s degree in computer science from Morarji Institute of Technology, a MSc in information technology from the University of Pune, and is also a graduate of Le Cordon Bleu-Institute of Culinary Arts.
Roshni Nadar Foundation
On September 21 2018, Roshni Nadar announced the launch of an initiative to support entrepreneurs in the education sector. It will provide online resources and a mentor community to young people wishing to pursue business education. The initiative will be rolled out as part of HCL’s corporate social responsibility initiatives.
She is a member of the Federation of Indian Chambers of Commerce and Industries (FICCI) as well as the United Way International. Nadar has been nominated to the board of governors at the Indo-French Chamber of Commerce and Industry as well. She is an alumnus of the Rotary Club of Bombay, where she served as chairperson for the Youth Committee.
HCL Cares is a non-profit NGO that works in the areas of education, water, energy and livelihood.
The foundation runs HCL Commonership, an online community that brings together people to learn more about the work of HCL. The initiative was started by HCL in association with the World Bank and UNICEF at the request of Indian Prime Minister Narendra Modi. The aim is to help underprivileged children reach school and college, and continue their studies.
Roshni Nadar India’s Richest woman 2nd year in a row
On November 21, 2018, Roshni Nadar was inducted into Forbes’ India’s Richest Women list for the second year in a row. In 2015, she was ranked among the world’s youngest self-made billionaires with a net worth of more than $1 billion. She was ranked as the 10th richest Indian woman in 2016 and is now the second richest woman in India.
The list shows that the net worth of women in India has increased by 59 per cent to Rs 4.85 lakh crore in 2015 from Rs 3.11 lakh crore in 2014 (preliminary data), according to a report by Forbes. Roshni Nadar’s wealth is mainly made up of her stake in HCL Group’s manufacturing and services companies, as well as investments in retail, logistics and information technology. Her wealth is more than double her father’s total worth of Rs 1,300 crore (2016).
Nadar ranked 54th on the Forbes World’s 100 most powerful women list in 2019
Roshni Nadar has been ranked as the second richest woman in India. Forbes has also ranked her as one of the ten women who are changing the world. HCL Foundation and Group supports charitable initiatives like education, health, arts & culture and sports. HCL Group also supports educational activities of Government of India like National Mission on Education through Information and Communication Technology (NMEICT), National Curriculum Framework (NCF), Sarva Shiksha Abhiyan (SSA) and Rashtriya Madhyamik Shiksha Abhiyan (RMSA).
With the launch of HCL Enterprise, a CSR wing was established called the HCL Foundation. The HCL Foundation is one of India’s largest corporate foundations and has consistently shown leadership in Corporate Social Responsibility over the past ten years. The foundation runs HCL Commonership, an online community that brings together people to learn more about the work of HCL. The initiative was started by HCL in association with the World Bank and UNICEF at the request of Indian Prime Minister Narendra Modi.
In 2007, from the HCL Wealth Fund of HCL Enterprise Ltd., Nadar set up an education fund for children underprivileged in India. The money raised came in the form of donations from HCL employees, as well as other public and private organizations. This fund helps children in India and builds schools that run on solar energy. Her foundation also provides scholarships to bright students from poor families to study overseas.
As a part of the Foundation’s educational initiatives, it conducts a wide range of programmes and activities in schools, colleges and universities. The HCL Cares flagship programme, on the other hand, is an online platform that provides access to opportunities through knowledge. It also offers internships and mentoring to students aspiring to be entrepreneurs.
Roshni Nadar Malhotra is the Ceo of HCL Corporation, the holding company of all HCL Group entities
Roshni Nadar Malhotra, who is the ceo of HCL Corporation India and a member of the Group Executive Board, enjoys number 16 position on Forbes’ list of The World’s 100 Most Powerful Women. She is an alumnus of the Rotary Club of Bombay, where she served as chairperson for the Youth Committee. She also served on the board of governors of the Indo-French Chamber of Commerce and Industry.
Nadar was appointed as the first woman president of the Bombay Chamber of Commerce and Industry (BCCI) in June 2010. She is the second Indian woman to occupy this position. In 2013, she was inducted into the Bharat Nirman Rajnath Singh panel along with Sam Pitroda and Dr. Suresh Prabhu to advise Prime Minister Manmohan Singh on reforms in infrastructure development and job creation.
Roshni Nadar Malhotra is an alumnus of the Rotary Club of Bombay, where she served as chairperson for the Youth Committee. She also served on the board of governors of the Indo-French Chamber of Commerce and Industry. In 2007, from the HCL Wealth Fund of HCL Enterprise Ltd., Nadar set up an education fund for children underprivileged in India. The money raised came in the form of donations from HCL employees, as well as other public and private organizations.
In 2010, Roshni Nadar Malhotra joined the board of directors of HCL Technologies. She also serves on the board of trustees at the Indian Institute of Technology-Bombay, which was established in 1853 by Mahatma Gandhi. In 2011 she was appointed as a director at HCL Enterprises Ltd and has held key positions in various other companies like The Times Group and HDFC Bank Ltd.
Roshni Nadar is also an advisory board member for the IIM Kashipur and is a member of the International Film & Television Club of Asian Academy of Film & Television (IFFTAT), which is a state-of-the-art international film, television, media and digital academy in India. She is also a part of the prestigious Women Leaders in G20 (WLGG20), an organization that celebrates excellence among women leaders from all over the globe.
Conclusion
It is a very difficult but interesting job and all of us should have this chance to earn this much because it is the money which can make all your dreams come true. Overall, we can say that Roshni Nadar Malhotra has done a wonderful work in all fields. She has proved the fact that no one is indispensable. She is a great person for being the most powerful woman in India and this indicates that Indians are also great in all aspects.
Roshni Nadar is India’s only female billionaire on the FORBES 2017 list of billionaires. Roshni Nadar – Chairman of HCL Corporation and daughter of Shiv Nadar, founder of HCL Tech, is among only five self-made women billionaires in India. She is also the second only Indian woman on Forbes most Powerful Women list.
Roshni Nadar is an accomplished social entrepreneur with a long track record of success in the funding and implementation of education, health, arts & culture and sports initiatives. She is a philanthropist who supports charitable initiatives like Education, Health, Arts & Culture and Sports.
HCL Group supports initiatives of Government of India like National Mission on Education through Information and Communication Technology (NMEICT), National Curriculum Framework (NCF), Sarva Shiksha Abhiyan (SSA) and Rashtriya Madhyamik Shiksha Abhiyan (RMSA).
HCL Foundation has supported more than 5,000 schools and colleges in the country. The foundation builds new schools in remote areas where there are no formal schools. It builds toilets in each school it supports, sets up lighting systems powered by solar energy, distributes computers to schools and provides access to digital learning. It also promotes a holistic learning experience for students through initiatives like the HCL Cares Maker Lab.
In 2010, Roshni Nadar Malhotra joined the board of directors of HCL Technologies. She also serves on the board of trustees at the Indian Institute of Technology-Bombay, which was established in 1853 by Mahatma Gandhi. In 2011 she was appointed as a director at HCL Enterprises Ltd and has held key positions in various other companies like The Times Group and HDFC Bank Ltd.
Roshni Nadar Malhotra is an alumnus of the Rotary Club of Bombay, where she served as chairperson for the Youth Committee. She also served on the board of governors of the Indo-French Chamber of Commerce and Industry. In 2007, from the HCL Wealth Fund of HCL Enterprise Ltd., Nadar set up an education fund for children underprivileged in India. The money raised came in the form of donations from HCL employees, as well as other public and private organizations.
edited and proofread by Nikita Sharma
