Shiv Nadar is an Indian entrepreneur and pioneer. He serves as chairperson and chief strategy officer of HCL Technologies, a global information technology services company based in Noida, India. He is the only Indian to have built a computer systems sector in India. He is one of India’s wealthiest persons and a Forbes billionaire, with a net worth of USD 14.8 billion. He founded HCL Technologies in the mid-1970s and grew the IT hardware company into an IT business over the following three decades. He was honored with the Padambhushana in 2008 for his services to the information technology industry.
Related To This: David Reuben
Education and Early Childhood
Sivasubramaniya was his father’s name, and Vamasundari Devi was his mother’s. After graduating from The American College in Madurai, he earned a diploma in Electrical and Electronics Engineering from PSG College of Technology. He started his career in 1967 with the Walchand Group’s Cooper Engineering in Pune.
The Professional Career of Shiv Nadar
Nadar was adamant about reserving more than 10% of his money for charity. Over the next five years, his humanitarian educational endeavors will cost Rs. 4,000 crores. He recently sold a 2.5 percent share in HCLT and used the whole earnings of Rs. 585 crore to support charitable causes. Nadar founded the Sri Sivasubramaniya Nadar College of Engineering in Chennai in 1996 in memory of his father. His concentration is presently concentrated on the following: residential schools that are entirely self-supporting
Shiv Nadar University
He has dedicated a museum to his wife. Vidya Gyan, the first of the institutions, was established in 2008 on a 20-acre campus in Bulandshahar, Uttar Pradesh. The Foundation has finalized the property purchase for its second facility in Sitapur, near Lucknow, and plans to open two more in the state.
The proposed university would be located in Dadri, Uttar Pradesh, and will have a capacity of at least 8,000 students from a variety of subjects. Each year, the schools will teach around 5,000 children, with financing given by the Foundation. The Museum of Art, which is being proposed for Delhi, would contain Nadar’s roughly 300-piece private art collection.
Company Profile of HCL-Shiv Nadar
The business expanded from a start-up to India’s most influential information technology enterprise throughout the first decade. Shiv Nadar, Ajai Chowdhry, ChairmanChairman of HCL Infosystems, Arjun Malhotra, Subhash Arora, Yogesh Vaidya, and DS Puri, partnered with Micro comp to market tell digital calculators under the brand name “Televista.” He launched HCL later that year, in 1976, with an initial investment of Rs. 187,000 from six co-founders. When multinational corporations like IBM left the country due to policies adopted by then-Industrial Minister George Fernandes, Shiv Nadar discovered a significant market for his microcomputer in India.
Shiv Nadar entered the global market in 1980 when he established Far East Computers in Singapore to sell information technology equipment. Shiv Nadar and three other businessmen established NIIT to meet the market need for computer training at the time. Nadar was the primary shareholder in the firm. Until 2003, he was a stockholder in NIIT.
Shiv Nadar also started creating personal computer solutions known as Busybee in 1984 and UNIX platform-based solutions. His company started in the information technology hardware industry with a subsidiary called HCL office automation, which expanded to become India’s market leader in office solutions. By 1987, HCL had amassed revenue of ‘100 crores and was India’s market leader. In the second decade, the firm transitioned to a software services company.
Shiv Nadar started looking for worldwide prospects after his ascension to the helm of the Indian IT industry. In 1989, HCL America was created. However, the strategy backfired when Shiv Nadar and HCL underestimated market requirements, resulting in the venture’s failure in the world’s largest market. In its second decade, HCL formed a joint venture with HP called HCL HP Ltd. The joint venture developed solutions for the local computer sector while giving HCL its first taste of outsourced research and development. In the mid-1990s, Shiv Nadar entered into a sales agreement with Nokia and Ericsson to market their products in India.
By 1995, HCL had established 40 subsidiaries. Following that, Nadar’s focus shifted away from IT hardware and toward IT services. HCL Consulting was formed to manage information technology services, and HCL-hardware Research and software development groups were merged into HCL Consulting. By early 1998, Nadar had consolidated his corporation into five divisions: HCL Technologies, HCL Infosystems, HCL Comnet, HCL Perot, and NIIT.
Global information technology services provider in the third decade
Nadar took HCL technologies public in 1999; at the first public offering, HCL was the world’s second-largest information technology company. HCL was left in the dust by its competitors after the Internet’s 2000 launch, owing to its early entrance into Enterprise application services. Nadar intended to connect HCL through acquisitions in 2001. HCL acquired Deutsche Software Limited. Apollo Contact Center from BT to expand its business process outsourcing (BPO) and financial services industries. Despite this, HCL continued to lag its competition until 2005. By 2004, HCL had consolidated its operations into two divisions: HCL Technologies and HCL Infosystems. Vineet Nayar was appointed CEO of HCL Technologies in 2007, and he remains the company’s ChairmanChairman and largest shareholder.
Shiv Nadar’s Successes
Shiv Nadar led a zealous team about encouraging the growth of the information technology industry in an era when India had just 250 computers. From 1978, when HCL developed India’s first personal computer in collaboration with global IT peers, to its current work on the Boeing Dreamliner’s flight management systems, HCL has remained a true pioneer of contemporary computing. Nadar founded the Sri Sivasubramaniya Nadar College of Engineering in Chennai in 1996 in memory of his father. He is an active participant in campus events and activities. In March 2008, Nadar’s SSN Trust announced the establishment of seven Vidyagyan Schools in Uttar Pradesh for rural students, with 100 students receiving full scholarships from the state’s ten districts. Nadar was appointed to the Executive Board of the Indian School of Business in 2005. Rajat Gupta established this organization to “redress India’s weak institutional capacity for boosting public health training, research, and policy formation.”
- Shiv Nadar has garnered several accolades.
- He was voted Dataquest’s IT Man of the Year in 1995.
- In 2005, he was presented with the CNBC Business Excellence Award.
- In 2006, the All India Management Association bestowed an Honorary Fellowship (AIMA).
- In 2008, the Government of India conferred upon him the Padambhushana.
- He was designated one of Forbes Asia Pacific’s 48 Philanthropic Heroes in 2009.
- He was presented with the Dataquest Lifetime Achievement Award in 2010.