India, March 13 -- A new name has emerged in the ranks of the wealthiest individuals in India; Roshni Nadar Malhotra has recently cemented her position as one of the richest women in India, now sitting comfortably as the third wealthiest person after Mukesh Ambani and Gautam Adani. Her rise to this position comes after a significant succession move that has transferred a major stake in HCL Corporation to her, making her an influential force in the Indian corporate world.

On March 6, Roshni's father, Shiv Nadar, the founder of HCL Technologies, made a landmark decision by transferring 47% of his stake in both Vama Sundari Investments (Delhi) Private Limited and HCL Corporation Private Limited to his daughter. This was formalised through t...