Nayar had also transferred part of his investments in HCLT shares to two trusts.
Nayar was appointed president of HCLT in April 2005 by the company's founder Shiv Nadar.
Today, more than a thousand HCLT professionals, including architects, business analysts, developers and industry experts actively contribute to the company's solution development and technology expertise on the Microsoft platform.
The relationship will enable HCLT to build and deliver repeatable and scalable solutions on the latest Microsoft technologies.
Welcoming Stuart into HCL Technologies, Dan Morris, Corporate Vice President - Global Insurance Practice said, "We are very pleased that Stuart has joined the global Insurance Leadership team at HCLT.
Founded in 1991, HCLT focuses on technology as well as R&D outsourcing, working with clients in areas at the core of their business.
With a firm commitment to develop applications for standards-based, ubiquitous multimedia messaging on mobile devices, HCLT
is pleased to work with Microsoft in offering solutions on Windows CE platform.
HCLT e-Diagnostics Solution Framework is a new generation, web and component-based rapid deployment solution framework for e-Diagnostics.
HCLT has constantly invested in the semiconductor practice and has put in place a state-of-the-art infrastructure to carry out projects, from concept to implementation, for the semiconductor industry, comprising of semiconductor equipment makers, IDM's and fabs.
The SNIA selected HCLT
for its expertise in developing effective solutions for storage vendors and its successful history in developing re-usable software components in Fibre Channel and iSCSI (SCSI over IP) areas.
has considerable expertise in the area of IC design and has leveraged this for several organizations across the world," said Amitava Roy, executive vice president at HCLT
By adopting Magma's integrated solution, HCLT
will be able to extend its physical design capabilities to provide its design services customers with time-to-market, cost and productivity advantages for deep-submicron SoCs.