How much is Shiv Nadar Worth? Shiv Nadar Net Worth in 2026

By the Alux Research Team. How we estimate net worth

Shiv Nadar’s net worth is estimated at $620 million as of November 2026, with a plausible range of $400 million to $1.3 billion.

On 6 March 2025 he gave away about 92 percent of his stake in the HCL group holding companies, shares we value at roughly $8.5 billion at today’s price. This one is a rough estimate: what he kept afterward is only partly documented.

Net worth	$620 million (rough estimate)
Estimated annual income	Not disclosed; dividends from his remaining HCL stake
Country	India
Known for	Founding HCL in 1976 and building it into HCLTech
Main income sources	A small remaining stake in the HCL holding companies, dividends

How much is Shiv Nadar worth in 2026?

We put Shiv Nadar at about $620 million. That sounds low for the man who started HCL, and it would be if he had kept his stake. He did not. Under gift deeds executed on 6 March 2025 he transferred 47 percent of the shares in HCL Corp and in Vama Sundari Investments (Delhi) to his daughter Roshni Nadar Malhotra. Before that he owned 51 percent of each, so 4 percent was left.

Public estimates probably differ because some still count the old 51 percent, or count the whole HCL promoter holding as his. The group’s 60.8 percent holding in HCLTech did not change in the gift; it only moved within the family. We convert rupees at our working rate of about 95 to the dollar for early November 2026, which we did not check against a live quote.

How we got to $620 million

Source	Our estimate	What it rests on
His 4 percent of Vama Delhi	$724 million	The filing says he held 51 percent before the gift and gave away 47 percent, which leaves 4 percent by our subtraction. Vama Delhi holds 44.17 percent of HCLTech, Angel One reported. The promoter group’s 1,65,03,00,415 shares are 60.814 percent of the company, so the company has about 2,714 million shares. 44.17 percent of that is 1,199 million shares, worth ?1.719 lakh crore at ?1,434, the price on 2 November 2026. Four percent is ?6,875 crore, or $724 million.
His 4 percent of HCL Corp	$0.3 million	HCL Corp holds 0.17 percent of HCLTech, about 4.6 million shares, worth ?66 crore at ?1,434. Four percent of that is ?2.6 crore, or $0.3 million. We put no value on HCL Corp’s 49.94 percent of HCL Infosystems, whose price we did not check.
Discount for holding-company structure and tax	Minus $109 million	We take 15 percent off the stake row, our assumption. A stake in an unlisted holding company that is not freely saleable is worth less than its look-through value.

The rows add to $615 million, which we round to $620 million. We add nothing for dividends or cash built up over decades, because no filing shows what he kept, so the estimate leans cautious there. The four percent is arithmetic from the reported figures, not a number printed in a filing. If he holds other family vehicles that were not part of the March 2025 deeds, the range of $400 million to $1.3 billion allows for it.

The size of the gift

Our calculation: the two holding companies own 44.34 percent of HCLTech, worth ?1.7255 lakh crore at ?1,434 a share. Forty-seven percent of that is ?81,100 crore, about $8.5 billion, the value passed to Roshni. He kept 4 of every 51 percentage points, about 7.8 percent of his former holding.

The deeds were filed with the stock exchange by HCL Infosystems, since both companies also hold shares in that business: Vama Delhi 12.94 percent and HCL Corp 49.94 percent. HCLTech’s own promoter total stayed at 60.814 percent.

The 2026 price, and what the shares do

Angel One put HCLTech at ?1,216.90 on 12 October 2026, the day it was due to report second-quarter results. It was ?1,434 on 2 November, a rise of about 18 percent. Our stake row moves with it: at ?1,217 it would be $616 million, not $726 million.

The filing summary lists only 736 HCLTech shares in his own name, which we ignore as immaterial. Any holding by the Shiv Nadar Foundation, which he set up, is charitable and we do not count it as his.

What would move the figure

A filing showing a different share count in the holding companies would change the stake row directly. A further gift would cut it. HCLTech’s price is the other lever: 10 percent either way is about $62 million.

Shiv Nadar net worth FAQ

What is Shiv Nadar’s net worth?

Our rough estimate is $620 million as of November 2026, with a range of $400 million to $1.3 billion. Most of his earlier stake was gifted to his daughter in March 2025.

Why did Shiv Nadar give his shares to his daughter?

On 6 March 2025 he executed gift deeds transferring 47 percent of HCL Corp and Vama Delhi to Roshni Nadar Malhotra, who took control. The group framed it as succession planning.

How much of HCLTech does the Nadar family own?

The promoter group holds 60.814 percent, a share that was unchanged by the gift. Vama Delhi holds 44.17 percent and HCL Corp 0.17 percent.

How much did the gift deeds cover?

47 percent of his shares in each of the two holding companies. Our calculation puts that at about ?81,100 crore, or $8.5 billion, at the 2 November 2026 share price.

How many HCLTech shares does Shiv Nadar hold directly?

Angel One’s filing summary lists 736 shares in his own name.

How much did HCL Corp raise from selling HCLTech shares?

A June 2010 report said it sold 2.5 percent of HCLTech for ?580 crore, which we could not re-open.

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How we estimate net worth

Our estimates are based on public reporting, company valuations, and deal and earnings figures all compiled in an internal valuation model. They are approximate, and figures change over time as new information emerges.

Last updated: November 2026.

Photo: Gawdfather / Wikimedia Commons, CC BY-SA 4.0, cropped