Success Story Of Shiv Nadar – Who Become a Third Richest Man in India

Success Story Of Shiv Nadar  - Who Become a Third Richest Man in India
Success Story Of Shiv Nadar – Who Become a Third Richest Man in India

Shiv Nadar  (born 14 July 1945) is an Indian billionaire industrialist. He is the founder and chairman of HCL Technologies Limited and the Shiv Nadar Foundation.

Occupation: Founder of HCL Technologies.

Full Name: Shiv Nadar

Date of Birth: 14 July 1945 (age 75)

Place of Birth: Moolaipozhi Village, Tuticorin district, Tamil Nadu,india

Mother: Vamasundari Devi

Father: Sivasubramanian Nadar

Nationality: Indian

Education: PSG College of Technology, Coimbatore

Post: Founder and President of HCL Technologies (Resigned)

Total assets: $15.8 billion (according to Forbes; July 19, 2020)

wife: Kiran Nadar

Girl: Roshni Nadar Malhotra

Award: Padmabhushan (2008)

Early life and education

Shiv Nadar was born in 1945, in Tiruchendur, Tamil Nadu. His father was Sivasubramaniya and mother Vamasundari Devi. He completed his graduation from The American College, Madurai and degree in Electrical and Electronics Engineering from PSG college of Technology. He started his career at Walchand Group’s Cooper Engineering in Pune in 1967.

shiv Nadar’s Career

Nadar was committed to keeping aside well over 10 percent of his wealth for philanthropic endeavors. In the coming five years, his philanthropic educational ventures will entail an expenditure of Rs. 4,000 crore. In the recent past he has sold his 2.5 percent equity in HCL and drawn off the entire Rs. 585 crore proceeds into his philanthropic projects.

In 1996 Nadar founded SSN college of Engineering in Chennai, in the name of his father Sri Sivasubramaniya Nadar.

Now, his focus is on :

  • completely free residential schools
  • Shiv Nadar University
  • Museum of Art named after his wife

The first of the schools, called Vidya Gyan established in 2008, spreads over a 20 acre campus, established in Bulandshahar in UP . The Foundation has winded up with land acquisition for the second one at Sitapur, nearby Lucknow and two more will be set up in the state.

The planned university will come up at Dadri in UP, with facilities to cater to at least 8,000 students in multiple disciplines. Around, 5,000 students a year will study in the schools and it will be funded via the Foundation’s resources.

Museum of Art, which is proposed to be set up in Delhi, will have in store Nadar’s private art collection of over three hundred paintings.

Founder, HCL | Chief Strategy Officer, HCL Technologies | Founder & Chairman, Shiv Nadar Foundation

Shiv Nadar is the Founder of HCL Enterprise, a $9.9 billion global organization with over 153,000 professionals operating from 50 countries. He is also the Chief Strategy Officer of HCL Technologies, a group company and India’s third largest IT services organization. Nadar is credited with being one of the pioneers of the computing and IT industry in India. Under his guidance, HCL has continued to ride the waves of the changing IT landscape for over 40 years, remaining at the forefront of every technological revolution since 1976. While HCL started off as a hardware organization, manufacturing the country’s first indigenous computers and introducing them to the Indian consumer, it eventually evolved into a more comprehensive software services organization. HCL is, in fact, one of the few global IT companies founded in the 1970s that remains in existence to date.

Throughout his career, Nadar always acknowledged that building successful institutions is dependent on forging result-oriented partnerships and creating new knowledge. He steered HCL to create several valuable joint ventures and alliances that aided the organization’s emergence as a global technology enterprise. His pioneering spirit and belief in engineering and research shaped the course of the organization and is the reason that, today, HCL Technologies boasts one of the largest IT Engineering and R&D divisions in the world.

Major Works

HCL began producing microcomputers in the 1980s, it’s only global counterpart at the time was Steve Job’s Macintosh.

(When India’s National Stock Exchange (NSE) was established in 1992, HCL in partnership with an Israeli company competed against AT&T and won the bid to implement and later manage the financial institution’s infrastructure backbone.

Awards won by Shiv Nadar

In 1995 he became the Dataquest IT Man of the year.

In 2005 he was bestowed with CNBC Business Excellence Award.

In 2006 received an Honorary Fellowship of All India Management Association-AIMA.

In 2008 honored by the Government Of India with Padma Bhushan.

In 2009 he was counted amongst Forbes 48 Heroes of Philanthropy in Asia Pacific.

In 2010 received the Dataquest Lifetime Achievement Award.

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