Shiv Nadar is a philanthropic Indian billionaire industrialist, best known as one of the founders of the multi-billion dollar IT firm HCL Technologies. He also often makes generous donations through his foundation, Shiv Nadar Foundation.
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Wiki/Biography
Shiv Nadar was born on Saturday, 14 July 1945 (age 77 years; as of 2022) in Moolaipozhy, Madras Presidency, British India (now Madras State, Tamil Nadu). His zodiac sign is Cancer. His friends often called him Magus (the Persian word for magician). Shiv Nadar studied in many schools during his schooling. He went to Town Higher Secondary School, Kumbakonam and then he went to Elango Corporation Higher Secondary School, Madurai. In June 1955, he attended the town high school until 1957. From there he went to St. Joseph’s Boys Higher Secondary School, Trichy and completed his high school education. Shiv Nadar then obtained a pre-university degree from American College, Madurai and then went to PSG College of Technology, Coimbatore to complete his graduation in Electrical and Electronics Engineering.
Physical Appearance
Height (Approx): 5′ 7″
Hair Color: Black
Eye colour: Half bald
Family
parents and siblings
Shiv Nadar’s father’s name is Shivasubramaniam Nadar and mother’s name is Vamsundari Devi.
wife and children
Shiv Nadar is married to Kiran Shiv Nadar. He is an avid art collector. They have a daughter – Roshni Nadar Malhotra, who is the chairperson of HCL Technologies.
Shiv Nadar with his wife Kiran Nadar
Shiv Nadar with his daughter Roshni Nadar
livelihood
Shiv Nadar started his professional journey in 1967 with Cooper Engineering Limited, a Walchand Group company in Pune. From there, he moved to Delhi Cloth Mills where he worked for their marketing team along with his classmates. During this time, he and his friends decided to quit their jobs and work on their own product. Shiv Nadar along with Subhash Arora, Ajay Chaudhary, Yogesh Vaidya, S. Raman, along with Mahendra Pratap, Arjun Malhotra and DS Puri, started their first company named Microcomp. The company was selling teledigital calculators in the Indian market. Furthermore, in 1976, with a capital of Rs. 2 lakh, he invested Rs 187,000 in a new direction and established HCL Technologies Limited. With the success of the company, HCL expanded its operations and entered the international market with the opening of its first office of Far East Computers in Singapore. He sold IT hardware in Singapore which helped him generate revenue of Rs 1 million, which allowed him to continue his operations. Shiv Nadar was the majority stakeholder in the firm but did not retain any management control.
Shiv Nadar with his friends and co-founders of HCL
In 1989, Shiv Nadar moved into the American computer hardware market but due to the presence of Apple and the strict restrictions of the American market, they failed to enter the market. However, in 1991, HCL merged with Hewlett Packard to form HCL HP Limited to enter the US market. In 1998, Shiv Nadar divided the business into several different categories – HCL Technologies was the global IT services company, HCL Infosystems became an IT hardware provider, HCL Comnet provided network services to its customers, HCL Perot provided IT applications. Focused on delivering and NIIT was. Educational Services Wing.
philanthropy
In 1994, Shiv Nadar decided to focus more on his philanthropic interests and started the Shiv Nadar Foundation. The aim of the Foundation was to work for the benefit of future generations by providing them education and a good quality of life. Following his passion for philanthropy, Shiv Nadar founded the Sri Sivasubramaniam Nadar College of Engineering in Chennai, Tamil Nadu in 1996. The college was named after his father, and over the years, he opened several other branches of education within the campus; Thus it was converted into SSN Institution. Subsequently, he gifted HCL shares worth Rs. to the college. 1 million for their fund. In 2006, he announced that the university would focus on providing support to students by improving and promoting research and providing other benefits to students with its alliances with foreign universities. In 2008, Shiv Nadar Foundation collaborated with Shiksha Foundation and decided to open two VidyaGyan schools in Uttar Pradesh. These schools offered scholarships to more than 200 students from more than fifty districts of Uttar Pradesh. In February 2011, Shiv Nadar donated computer hardware worth Rs. 80 lakhs to his old school Town Higher Secondary School. Since its inception, Shiv Nadar has donated approximately $1 billion to the Shiv Nadar Foundation.
Shiv Nadar and his daughter Roshni Nadar handing over a check for the Prime Minister’s Relief Fund.
award
- In 2008, Shiv Nadar received the Padma Bhushan award from the then President of India Pratibha Patil for her notable work in the field of business and education development.
Shiv Nadar receiving Padma Bhushan from the then President of India Pratibha Patil
- Shiv Nadar received the BNP Paribas Grand Prize for Individual Philanthropy in 2013 for the Shiv Nadar Foundation and the milestones he achieved with the Foundation.
Shiv Nadar honored with BNP Paribas Grand Prize for Individual Philanthropy
- Lifetime Achievement Award at The Economic Times Awards in 2023 for Corporate Excellence
net worth
According to Forbes magazine, Shiv Nadar has a net worth of $28.9 billion, making him the third richest man in India and 71st in the world.
Facts and General Knowledge
- Shiva Nadar spent most of his schooling studying in the Tamil language and he started speaking in English at the age of twenty-two. In college, his teachers used to take English classes in Tamil, and on weekends, they would show an English movie in the college. Nadar often used to go to the cinema hall with his friend to watch English films.
- In 2005, Shiv Nadar was elected as a member of the Executive Board at the Indian School of Business.
- Kiran Nadar is an avid art collector and has displayed all his art collections in two different private museums in Delhi.
Kiran Nadar with a sculpture in her art museum in Delhi
- On the occasion of the 150th convocation of the University of Madras in 2007, Shiv Nadar was awarded an honorary doctorate by the university along with nine other eminent people.
- Shiv Nadar features in Forbes’ list of ’48 Heroes of Philanthropy’ from the Asia Pacific region. In 2015, he was part of ‘The Outstanding Philanthropist of the Year’ list curated by Forbes International.
- HCL launched the first 8-bit processor computer ‘HCL 8C’ and it was available at a price of Rs. 300,000. At this time in the market, IBM was offering commercial and industrial computers for Rs. 500,000 per year.
- Shiv Nadar topped Hurun India’s philanthropy list in 2016 and 2019.
- In July 2020, Shiv Nadar appointed his daughter Roshni Nadar Malhotra as the new chairperson of HCL Technologies as he stepped down from his post. However, Shiv Nadar retained his position as Managing Director and Chief Strategy Officer of the company.
Shiv Nadar and his daughter Roshni Nadar during a conference
- In July 2021, Shiv Nadar decided to devote all his time to philanthropy and stepped down as managing director of HCL Technologies. He will serve as honorary chairman and strategic advisor to the firm.
Categories: Biography
Source: vcmp.edu.vn