Roshni Nadar, the daughter of HCL founder Shiv Nadar, has been appointed the new Executive Director and CEO of the leading IT Company HCL Corporation, having stakes in HCL Infosystems and HCL Technologies.

She joined HCL, the fifth largest IT Company in the country, in April, after returning from the US. Rohini, an MBA in social enterprise management and strategy from the Kellogg Graduate School of Management, entered the TV journalism arena with Sky Television, and covered the US attack on Iraq very closely in 2003, and the execution of Iraq's dethroned president Saddam Hussein.

Mr. Nadar said: "These organizations are run by highly corporatized boards. And with an organization structure, at the moment, she is responsible for the holding company. She runs the treasury; all the new investment decisions will be taken by her."

He said that Shiv Nadar Foundation, a non-profit organization run by him, will set up a university at Greater Noida investing Rs 6 billion. The foundation will soon commence the work of phase-1 of the project, likely to be completed by 2010.

Earlier, HCL had acquired the UK-based SAP Company Axon for $800 million in 2008.