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Shiv Nadar—Founder & Chairman of HCL Corporation
Shiv Nadar, The IT Industry Wizard
Nicknamed Magus, an old Persian word for Wizard by friends, Shiv Nadar is the Indian billionaire industrialist and philanthropist, as described by Wikipedia. However, one adjective which was missed was visionary, which you will see when you read his journey and actions he took throughout his career.
Shiv Nadar’s entrepreneurial journey began in the mid-1970s from a garage wherein he co-founded 1976 to make calculators and microprocessors.
What the world witnessed in the next 3 decades, was a transformation of an IT hardware company into a 1991 established IT giant, HCL Technologies Ltd. with IT and Business Services, Engineering and R&D Services, Products & Platforms segments.
Apart from this, the Padma Bushan awardee deployed notable efforts towards the Indian educational system through the Shiv Nadar Foundation. Here’s brief information about Shiv Nadar’s life journey inclusive of the Shiv Nadar Education, Shiv Nadar Family, Shiv Nadar School, Shiv and Nadar University.
He is listed as 3rd richest person in India and the 40th richest person in the world by Forbes, with an estimated net worth of US$32.8 billion as of January 12, 2022.
Born in 1945 in a remote village near Tamil Nadu, India to Sivasubramaniya Nadar and Vamasundari Devi, Nadar studied at Town Higher Secondary School, Kumbakonam and Elango Corporation Higher Secondary School, Madurai.
From June 1955 at sixth standard, he continued his education in Town High School until June 1957 when he joined St. Joseph Boys Higher Secondary School, Trichy, and completed high school education
Nadar received a pre-university degree in the American College, Madurai and graduated in Electrical and Electronics Engineering from PSG College of Technology, Coimbatore.
Kiran Shiv Nadar is the Art Collector and Philanthropist who is also the mother of current HCL and their daughter Roshni Nadar.
Shiv Nadar’s brother is Ramanichandran, the Tamil novelist, one of the best-selling authors in the Tamil language.
We have already written about his daughter, Roshni Nadar, who was listed under Forbes World’s 100 Most Powerful Women list in 2019 and her journey as she took over the reins of HCL after Shiv Nadar.
1967: Walchand Group’s Cooper Engineering Ltd.
1967: He gave it up and started his venture in partnership with Ajai Chowdhry (Ex-Chairman, HCL), Arjun Malhotra (CEO and chairman, Headstrong), Subhash Arora, Yogesh Vaidya, S. Raman, Mahendra Pratap and DS Puri.
1967: This venture was known as Micro comp, which focused on teledigital calculators in the Indian market.
1980: HCL ventured into the international market and reported 1 million in revenue the same year. They opened Far East Computers in Singapore to sell IT hardware and Nadar remained the largest stakeholder without retaining management control.
2007: Madras University awarded Shiv Nadar an honorary doctorate and also E&Y Entrepreneur of the Year 2007 (Services)
2008: Nadar was honoured with a Padma Bhushan, the third-highest civilian award, for his contribution to the IT industry by the Indian Government.
2011: He was listed under Forbes' 48 Heroes of Philanthropy in the Asia Pacific.
2017: India Today magazine ranked Nadar #16th in India's 50 most powerful people in 2017. Nadar has committed more than $1 billion to philanthropy.
2020: Nadar stepped down and handed down the reigns to his daughter Roshni Nadar, the first woman to chair an Indian IT company.
2021: In July 2021, he stepped down as Managing Director of HCL Technologies. In October 2021, he was ranked by Forbes as the third richest person in India.
Indeed, how he handed over his business to his only child and daughter, Roshni Nadar, seemed somewhat revolutionary today, which isn’t seen in the Indian billionaires today. Another side of this billionaire industrialist is his efforts towards revolutionising the Indian education system with Shiv Nadar University.
Shiv Nadar also founded SSN College of Engineering in Chennai, Tamil Nadu. This university was named after his father, Sivasubramaniya Nadar wherein he extends scholarships to students who showcase amazing performance in Science & Technology.
His initiative to transform the learning with a focus on the methodology of relevance and one of the oldest and finest choices. It has three branches inclusive of Shiv Nadar School Gurgaon, Shiv Nadar School Noida, and Shiv Nadar School Faridabad.
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