Shiv Nadar

Shiv Nadar
Born (1945-07-14) 14 July 1945[1]
Moolaipozhi Village, Tuticorin district, Tamil Nadu, India
Residence Chennai
Nationality Indian
Alma mater PSG College of Technology
Occupation Founder and chairman of HCL Technologies
Founder of SSN College of Engineering
Net worth US$15.1 billion (April 2018)[2]
Spouse(s) Kiran Nadar
Children Roshni Nadar Malhotra
Parent(s) Sivasubramaniyan Nadar
Vamasundari Devi
Awards Padma Bhushan (2008)

Shiv Nadar (born 14 July 1945) is an Indian billionaire industrialist and philanthropist.[3] He is the founder and chairman of HCL 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. 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 has focused his efforts on developing the educational system of India through the Shiv Nadar Foundation.[6] He is the brother of Tamil novelist Ramanichandran.

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. His parents were Sivasubramaniya Nadar and Vamasundari Devi.[7] His mother, Vamasundari Devi, is the sister of S. P. Adithanar, founder of Dina Thanthi newspaper.

Nadar studied at Town Higher Secondary School, Kumbakonam.[8] 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 to Elango corporation Higher secondary school, Shenoy Nagar, Madurai for his higher school studies. Nadar received a pre-university degree in the American College, Madurai and a degree in Electrical and Electronics Engineering from PSG College of Technology, Coimbatore.

Career

Nadar began his career at Walchand group's Cooper Engineering in Pune in 1967.[9] 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 Infosystems), Arjun Malhotra (CEO and Chairman, Headstrong), Subhash Arora, Yogesh Vaidya, S. Raman, Mahendra Pratap and DS Puri.[10]

The initial enterprise which Nadar and his partners began was Microcomp, a company which focused on selling teledigital calculators in the Indian market.[11][12] HCL was founded in 1976, with an investment of Rs. 187,000.[13]

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.[14] Nadar remained the largest shareholder without retaining any management control.

Focus on education and healthcare

Shri Shiv Nadar and Ms 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 January 17, 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.[15] In 2006, Nadar announced that the college will promote research apart from ensuring that students benefit from foreign university tie-ups.[16] Nadar joined the executive board of Indian School of Business in 2005.[17] 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, IIT Kharagpur, a technical institute until 2014.

Awards and accolades

In 2008, the government of India awarded Nadar with a Padma Bhushan, the third highest civilian award, for his contribution to the IT industry.[18]

In 2007, Madras University awarded him an honorary doctorate degree.[19] Nadar was also recognised as E&Y Entrepreneur of the Year 2007 (Services).[20]

In 1995 he became the Dataquest IT Man of the year. the In 2005 he was bestowed with CNBC Business Excellence Award. In 2006 he received an honorary fellowship from the All India Management Association. In 2011 he was counted amongst Forbes' 48 Heroes of Philanthropy in Asia Pacific.[21] In 2010 he received the Dataquest Lifetime Achievement Award.

In April 2017, India Today magazine ranked Nadar #16th in India's 50 most powerful people of 2017 list.[22] Nadar has committed more than $1 billion to philanthropy.[23]

References

  1. ↑ Sharma, Vishwamitra (2003). Famous Indians of the 20th century. New Delhi: Pustak Mahal. p. 220. ISBN 81-223-0829-5.
  2. ↑ "Mr Shiv Nadar". Forbes. Retrieved 8 August 2017.
  3. ↑ Srikar Muthyala (29 September 2015). "The List of Great Entrepreneurs of India in 2015". MyBTechLife. Archived from the original on 14 January 2016.
  4. ↑ "Padma Awards" (PDF). Ministry of Home Affairs, Government of India. 2015. Archived from the original (PDF) on 15 November 2014. Retrieved July 21, 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". Machinist.in. Retrieved 6 December 2011.
  7. ↑ Vikas Pota. India Inc: how India's top ten entrepreneurs are winning globally. Nicholas Brealey Publishing, 2009. p. 179. ISBN 1-85788-524-4.
  8. ↑ "Prominent Students of Our School". Retrieved 19 July 2012.
  9. ↑ 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.
  10. ↑ "Wanna be a CEO? Join HCL". Indiatimes. 15 April 2005. Retrieved 3 April 2008.
  11. ↑ "The amazing story of the birth of HCL". Moneycontrol. 9 June 2007. Retrieved 26 March 2008.
  12. ↑ "HCL Group: The M&A Year". DQ Group. 25 July 2002. Archived from the original on 21 March 2008. Retrieved 26 March 2008.
  13. ↑ "HCL GROUP – The Change Agents". DQ India. Archived from the original on 23 April 2008. Retrieved 26 March 2008.
  14. ↑ "The dark horse of the technology sector". Moneycontrol. 7 May 2007. Retrieved 26 March 2008.
  15. ↑ "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.
  16. ↑ "SSN engineering college to step up high-end research". The Hindu. India. 1 March 2006. Retrieved 26 March 2008.
  17. ↑ "Shiv Nadar joins ISB executive board". The Hindu. India. 5 October 2004. Retrieved 26 March 2008.
  18. ↑ "India Inc shines on civilian honour rolls". The Economic Times. India. 27 January 2008. Retrieved 26 March 2008.
  19. ↑ "Honorary doctorate for Balachander, Nadar". The Hindu. India. 11 November 2007. Retrieved 26 March 2008.
  20. ↑ "Honorary Entrepreneur Of The Year 2007 – Services". Ernst & Young. Archived from the original on 13 November 2008. Retrieved 26 March 2008.
  21. ↑ Staff, Forbes Asia (2011-06-22). "48 Heroes Of Philanthropy". Forbes. Retrieved 2017-08-08.
  22. ↑ "India's 50 powerful people". India Today. April 14, 2017.
  23. ↑ Raghunathan, Anu. "Shiv Nadar's VidyaGyan Lands Rural Indian Kids In Leading Institutes -From Engineering To Fashion". Forbes. Retrieved 2017-08-08.
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