Shiv Nadar is a millionaire industrialist and philanthropist from India who was born on July 14, 1945. He is the founder and former chairman of both the Shiv Nadar Foundation and HCL Technologies. Midway through the 1970s, Nadar created HCL, and over the ensuing three decades, he turned the IT hardware business into an IT corporation. Nadar received the Padma Bhushan in 2008 in recognition of his work in the IT sector. Since the mid-1990s, Nadar, also known by his friends as Magus (Old Persian for "wizard"), has concentrated his efforts on improving India's educational system through the Shiv Nadar Foundation. With an estimated net worth of $30 billion as of June 2023, Forbes ranks him as the 50th richest person in the world and the third-richest person in India.
Nadar was born into a Tamil Hindu family in the village of Moolaipozhi in the Madras Presidency. Sivasubramaniya Nadar and Vamasundari Devi were his parents. His mother, Vamasundari Devi, is a sister of Dina Thanthi newspaper founder S. P. Adithanar. Nadar attended Kumbakonam's Town Higher Secondary School. Additionally, he attended Madurai's Elango Corporation Higher Secondary School. In June 1955, he was accepted into the first form, and he attended Town High School there until June 1957. Later, he enrolled at St. Joseph Boys Higher Secondary School in Trichy, where he finished high school. Nadar graduated from the American College in Madurai with a pre-university diploma and the PSG College of Technology in Coimbatore with a degree in Electrical and Electronics Engineering.
Education And Career
In 1967, Nadar started working for the Walchand Group at Cooper Engineering Ltd. in Pune. He eventually abandoned it in favour of starting his own business in collaboration with a number of friends and coworkers. These partners included Subhash Arora, Yogesh Vaidya, S. Raman, Mahendra Pratap, and DS Puri. Ajai Chowdhry was the former chairman of HCL. Arjun Malhotra was the CEO and chairman of Headstrong. The first business Nadar and his colleagues started was Microcomp, a business that specialised in the sale of teledigital calculators in the Indian market. With an initial investment of Rs. 187,000, HCL was created in 1976.
With the founding of Far East Computers in Singapore in 1980, HCL entered the global market by selling IT gear. The business continued to focus on the Singapore activities and claimed a Rs 1 million in revenue in the first year. Nadar lost all management control but remained the major stakeholder. The leadership of his daughter Roshni Nadar, the first woman to chair a publicly traded Indian IT company, was transferred to him in July 2020. In July 2021, Nadar also resigned from his position as managing director of HCL Technologies. C Vijayakumar, the company's managing director, took over for a five-year term.
He was rated third among Indian billionaires in October 2021 by Forbes magazine, with an estimated net worth of US$31 billion.
Place An Emphasis On Education
Sivasubramaniya Nadar, Nadar's father, was the inspiration behind the establishment of SSN College of Engineering in Chennai, Tamil Nadu, in 1996. Nadar actively participated in campus events, including giving the institution shares of HCL valued Rs. 10 lakh. Nadar stated in 2006 that the institution will support research in addition to making sure that students benefited from collaborations with foreign universities.In 2005, Nadar became a member of the Indian School of Business' executive board. The opening of two Vidyagyan schools in Uttar Pradesh for rural students, where 200 students from 50 different districts will receive full scholarships, was announced by Nadar's SSN Trust in March 2008. In February 2011, he paid a visit to Town Higher Secondary School and made an 80 lakh rupee donation of computers and other equipment.
Roshni Nadar, Roshdar's daughter, is currently HCL's chairwoman. When Siva Nadar founded HCL in the 1990s, she served as its manager. His wife, Kiran Nadar, is a philanthropist and art collector.