The 76-year-old veteran Shiv Nadar has stepped down as the MD of HCL tech. He, however, will remain as chairman emeritus & strategic advisor. C Vijayakumar, the CEO and President will be taking over his role as MD for five years. HCL was the third-highest earner in FY21 in India with a revenue of $10.18 bn. Relieved from his duties as the MD, Nadar will now be focusing on philanthropy and on building his Shiv Nadar Foundation.