HCLTech appoints Shiv Walia as new CFO, Prateek Aggarwal to step down | People

HCL Tech (Photo: Reuters)

HCLTech announced that it has appointed Shiv Walia as Chief Financial Officer (CFO), effective September 6, 2024.

Walia will replace Prateek Aggarwal, who, after serving in this role since October 1, 2018, decided to step down to pursue opportunities outside HCLTech. Aggarwal will remain with HCLTech until September 6, 2024.

Walia began his career at HCL in 1993 and has held various financial leadership positions over the years. He is currently Corporate Vice President and Global Head of Corporate Finance Operations and Financial Planning & Financial Analysis.

“Shiv Walia has been instrumental in our success over the years. As a seasoned financial leader, he has played key roles across our geographies and businesses across multiple business cycles and has extensive knowledge of HCLTech’s business and customers,” said C Vijayakumar, CEO and MD, HCLTech.

He added: “His financial acumen, international experience and pragmatic approach will be invaluable as we respond to technological changes at speed and continue our journey of profitable growth in the years ahead.”

“I would also like to thank Prateek for his contributions to HCLTech over the past 12 years and wish him all the best for his future endeavours.”

Walia is a Bachelor of Commerce from SRCC Delhi, a Cost Accountant and a Chartered Accountant in India and Australia. He has over three decades of experience in various leadership roles in finance, working in India, Singapore, Australia and the UK.

He was promoted to Corporate Vice President of Finance at HCLTech in April 2024 and is currently responsible for financial planning and accounting, and commercial finance operations, including overseeing the financial operations of acquired entities.

First published: August 19, 2024 | 21:03 IS

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