Shiv Nadar

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Shiv Nadar
Roshni Nadar Malhotra
RelativesS. N. Balakrishnan (brother)
AwardsPadma Bhushan (2008)

Shiv Nadar (born 14 July 1945) is an Indian billionaire businessman and philanthropist.

wizard"),[5] since the mid-1990s he has focused his efforts on developing the educational system of India through the Shiv Nadar Foundation.[6]
According to Forbes, He is the 3rd richest person in India and the 30th richest person in the world with an estimated net worth of US$40 billion as of February 2024.[7]

Early life

Nadar was born in Moolaipozhi village, Madras Presidency (present day Thoothukudi district, Tamil Nadu) into a Tamil Hindu family.[8] His parents were Sivasubramaniya Nadar and Vamasundari Devi. His mother, Vamasundari Devi, is the sister of S. P. Adithanar, founder of Dina Thanthi newspaper.

Nadar studied at

the American College, Madurai[12][circular reference] and a degree in Electrical and Electronics Engineering from PSG College of Technology, Coimbatore.[13]

Career

Nadar[14] began his career at Walchand group's Cooper Engineering Ltd. in Pune in 1967.[15] he soon gave it up to begin his own venture, in partnerships with several friends and colleagues. These partners were Ajai Chowdhry (Ex-Chairman, HCL), Arjun Malhotra (CEO and chairman, Headstrong), Subhash Arora, Yogesh Vaidya, S. Raman, Mahendra Pratap and DS Puri.[16]

The initial enterprise which Nadar and his partners began was Microcomp, a company which focused on selling teledigital calculators in the Indian market.[17][18] HCL was founded in 1976, with an investment of Rs. 187,000.[19]

In 1980, HCL ventured into the international market with the opening of Far East Computers in Singapore to sell IT hardware. The venture reported Rs 1 million in revenue in the first year and continued to address the Singapore operations.[20] Nadar remained the largest shareholder without retaining any management control.[citation needed]

In July 2020, Nadar handed over to his daughter Roshni Nadar, who became the first woman chair of a listed Indian IT company.[21] In July 2021, Nadar also stepped down as managing director of HCL Technologies, and was succeeded by C Vijayakumar, HCL Tech CEO, for a five-year term.[22]

In October 2021, he was ranked by Forbes magazine as the third richest person in India with an estimated net worth of US$31 billion.[23]

Focus on education

Shiv and Roshni Nadar presenting a cheque of Rs. 4 crore to the Prime Minister, Dr. Manmohan Singh, towards the Prime Minister's National Relief Fund in New Delhi on 17 January 2005

In 1996, Nadar founded

Indian Institute of Technology Kharagpur (IIT Kharagpur or IIT-KGP), a technical institute until 2014.[28]

Personal life

Nadar's daughter Roshni Nadar is now chairwoman of HCL. She was the manager of HCL when Siva Nadar started it in the 1990s.[29]

His wife, Kiran Nadar, is an art collector and philanthropist.[30]

Awards and accolades

  • In 2008, the Government of India awarded him with a Padma Bhushan, the third highest civilian award, for his contribution to the IT industry.[31]
  • In 2007, Madras University awarded him an honorary doctorate degree.[32]
  • Shiv Nadar was awarded E&Y Entrepreneur of the Year 2007 (Services).[33]
  • In 2011, he was counted amongst Forbes' 48 Heroes of Philanthropy in Asia Pacific.[34]
  • In April 2017, India Today magazine ranked Nadar #16th in India's 50 most powerful people of 2017 list.[35]
  • Shiv Nadar has committed more than $1 billion to philanthropy.[36]

References

  1. ISBN 81-223-0829-5
    .
  2. ^ "Shiv Nadar's Path To Philanthropy". Fortune India. Retrieved 22 February 2023.
  3. ^ "Shiv Nadar steps down as HCL Tech MD, C Vijayakumar to take over". mint. 19 July 2021. Retrieved 19 July 2021.
  4. ^ "Padma Awards" (PDF). Ministry of Home Affairs, Government of India. 2015. Archived from the original (PDF) on 15 October 2015. Retrieved 21 July 2015.
  5. Rediff
    . Retrieved 26 March 2008.
  6. ^ Vijay (15 September 2011). "Shiv Nadar Foundation forays into elementary education". Business Standard India. Machinist.in. Retrieved 6 December 2011.
  7. ^ "Shiv Nadar". Forbes. Retrieved 12 January 2022.
  8. ISBN 978-1-85788-524-8
    .
  9. ^ "Prominent Students of Our School". Retrieved 19 July 2012.[permanent dead link]
  10. ^ Basu, Soma (2 August 2019). "Elango Corporation School's old students Shiv Nadar, the founder-chairman of HCL". The Hindu. Retrieved 13 February 2020.
  11. ^ "Shiv Nadar says Hindi shaped his career, asks students to learn it | Trichy News - Times of India". Timesofindia.indiatimes.com. 5 February 2019. Retrieved 13 February 2020.
  12. ^ American College, Madurai#Notable alumni
  13. ^ "Bio" (PDF). www.psgtech.edu. Retrieved 13 February 2020.
  14. ^ "Shiv Nadar – Unknown Facts about the HCL Man". The Hans India. Retrieved 13 July 2021.
  15. ISBN 978-0-230-20507-9
    .
  16. ^ "Wanna be a CEO? Join HCL". Indiatimes. 15 April 2005. Archived from the original on 16 February 2008. Retrieved 3 April 2008.
  17. ^ "The amazing story of the birth of HCL". Moneycontrol. 9 June 2007. Retrieved 26 March 2008.
  18. ^ "HCL Group: The M&A Year". DQ Group. 25 July 2002. Archived from the original on 21 March 2008. Retrieved 26 March 2008.
  19. ^ "HCL GROUP – The Change Agents". DQ India. Archived from the original on 23 April 2008. Retrieved 26 March 2008.
  20. ^ "The dark horse of the technology sector". Moneycontrol. 7 May 2007. Retrieved 26 March 2008.
  21. ^ "Roshni Nadar Malhotra becomes HCL Tech chairperson. Who is she? | India News - Times of India". The Times of India. 18 July 2020. Retrieved 19 July 2021.
  22. ^ "Shiv Nadar steps down as HCL Tech MD, C Vijayakumar to take over". mint. 19 July 2021. Retrieved 19 July 2021.
  23. ^ "Mukesh Ambani tops Hurun Rich list 2021, spotlight on Gautam Adani's 261% wealth growth". India Today. 1 October 2021. Retrieved 18 December 2021.
  24. ^ "The Founder – SSN Institutions". Retrieved 2 February 2024.
  25. ^ "Shiv Nadar gifts HCL Tech shares to Chennai Trust". The Hindu. India. 25 July 2001. Archived from the original on 13 May 2003. Retrieved 26 March 2008.{{cite web}}: CS1 maint: unfit URL (link)
  26. ^ "SSN engineering college to step up high-end research". The Hindu. India. 1 March 2006. Archived from the original on 23 May 2006. Retrieved 26 March 2008.
  27. ^ "Shiv Nadar joins ISB executive board". The Hindu. India. 5 October 2004. Archived from the original on 30 September 2007. Retrieved 26 March 2008.
  28. ^ News, NDTV (29 October 2011). "HCL founder Shiv Nadar to head IIT-Kharagpur's board". NDTV News. Retrieved 15 May 2020. {{cite news}}: |last1= has generic name (help)
  29. ^ "HCL gen-next Roshni Nadar appointed vice-chairman of HCL Tech". The Times of India.
  30. ^ "Leaps of faith for a better tomorrow, the Dalit story".
  31. ^ "India Inc shines on civilian honour rolls". The Economic Times. India. 27 January 2008. Retrieved 26 March 2008.
  32. ^ "Honorary doctorate for Balachander, Nadar". The Hindu. India. 11 November 2007. Archived from the original on 15 November 2007. Retrieved 26 March 2008.
  33. ^ "Honorary Entrepreneur Of The Year 2007 – Services". Ernst & Young. Archived from the original on 13 November 2008. Retrieved 26 March 2008.
  34. ^ Staff, Forbes Asia (22 June 2011). "48 Heroes Of Philanthropy". Forbes. Retrieved 8 August 2017.
  35. ^ "India's 50 powerful people". India Today. 14 April 2017.
  36. ^ Raghunathan, Anu. "Shiv Nadar's VidyaGyan Lands Rural Indian Kids In Leading Institutes -From Engineering To Fashion". Forbes. Retrieved 8 August 2017.

External links

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