Shiv Nadar
Shiv Nadar1.jpg
Born (1945-07-14) 14 July 1945 (age 77)[1]
Alma materPSG College of Technology
OccupationFounder of HCL Technologies
Founder of SSN College of Engineering
Founder of Shiv Nadar University
SpouseKiran Nadar
ChildrenRoshni Nadar
RelativesS. N. Balakrishnan (brother)
AwardsPadma Bhushan (2008)

Shiv Nadar (born 14 July 1945) is an Indian billionaire industrialist[2] and philanthropist. He is the founder and chairman emeritus of HCL Technologies Limited and the Shiv Nadar Foundation. Nadar founded HCL in the mid-1970s and transformed the IT hardware company into an IT enterprise over the next three decades by constantly reinventing his company's focus.[3] In 2008, Nadar was awarded Padma Bhushan for his efforts in the IT industry.[4] Nadar, nicknamed by friends as Magus (Old Persian for "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 50th richest person in the world with an estimated net worth of US$26.4 billion as of November 24, 2022.[7]

Early life and education

Nadar was born in 1945 in Moolaipozhi Village, about 10 kilometres (6.2 mi) from Tiruchendur in Thoothukudi district (present), Tamil Nadu, India.[citation needed] His parents were Sivasubramaniya Nadar and Vamasundari Devi.[8] His mother, Vamasundari Devi, is the sister of S. P. Adithanar, founder of Dina Thanthi newspaper.

Nadar studied at Town Higher Secondary School, Kumbakonam.[9] He also studied in the Elango Corporation Higher Secondary School, Madurai.[10] He was admitted into the first form (Sixth Standard) in June 1955 and continued his education in Town High School until June 1957. Later, he joined St. Joseph Boys Higher Secondary School, Trichy, and completed high school education here.[11] Nadar received a pre-university degree in 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 revenue in the first year and continued to address the Singapore operations.[20] Nadar remained the largest shareholder without retaining any management control.

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 Vijay Kumar, 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 (Rs.2,36,600 Crores)[23]

Focus on education and healthcare

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
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 SSN College of Engineering in Chennai, Tamil Nadu in the name of his father, Sivasubramaniya Nadar. Nadar took an active role in the college activities, including the gifting of Rs. 1 million worth of HCL shares to the college.[24] In 2006, Nadar announced that the college will promote research apart from ensuring that students benefit from foreign university tie-ups.[25] Nadar joined the executive board of Indian School of Business in 2005.[26] In March 2008, Nadar's SSN Trust announced the setting up of two Vidyagyan schools in UP for rural students, where free scholarship will be provided for 200 students from 50 districts of Uttar Pradesh. He visited Town Higher Secondary School in February 2011 and donated computers and other equipment worth Rs. 80 lakhs. He served as chairman of the board of governors, Indian Institute of Technology Kharagpur (IIT Kharagpur or IIT-KGP), a technical institute until 2014.[27]

Personal life

His only daughter Roshni Nadar is now chairwoman of HCL.[28]

His wife Kiran Shiv Nadar is an Indian art collector and philanthropist.[29]

Awards and accolades

References

  1. ^ Sharma, Vishwamitra (2003). Famous Indians of the 20th century. New Delhi =81-223-0829-5: Pustak Mahal. p. 220.((cite book)): CS1 maint: location (link)
  2. ^ Srikar Muthyala (29 September 2015). "The List of Great Entrepreneurs of India in 2015". MyBTechLife. Archived from the original on 14 January 2016.
  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. ^ Arvind Padmanabham. "Shiv Nadar completes 25 years of success". 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. ^ Vikas Pota (7 January 2010). India Inc: how India's top ten entrepreneurs are winning globally. Nicholas Brealey Publishing, 2009. p. 179. 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. ^ Harish Damodharan (16 September 2008). India's New Capitalists: Caste, Business, and Industry in a Modern Nation. Palgrave Macmillan. p. 191. 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. ^ "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)
  25. ^ "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.
  26. ^ "Shiv Nadar joins ISB executive board". The Hindu. India. 5 October 2004. Archived from the original on 30 September 2007. Retrieved 26 March 2008.
  27. ^ 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)
  28. ^ "HCL gen-next Roshni Nadar appointed vice-chairman of HCL Tech". The Times of India.
  29. ^ "Leaps of faith for a better tomorrow, the Dalit story".
  30. ^ "India Inc shines on civilian honour rolls". The Economic Times. India. 27 January 2008. Retrieved 26 March 2008.
  31. ^ "Honorary doctorate for Balachander, Nadar". The Hindu. India. 11 November 2007. Archived from the original on 15 November 2007. Retrieved 26 March 2008.
  32. ^ "Honorary Entrepreneur Of The Year 2007 – Services". Ernst & Young. Archived from the original on 13 November 2008. Retrieved 26 March 2008.
  33. ^ Staff, Forbes Asia (22 June 2011). "48 Heroes Of Philanthropy". Forbes. Retrieved 8 August 2017.
  34. ^ "India's 50 powerful people". India Today. 14 April 2017.
  35. ^ Raghunathan, Anu. "Shiv Nadar's VidyaGyan Lands Rural Indian Kids In Leading Institutes -From Engineering To Fashion". Forbes. Retrieved 8 August 2017.