Shiv Nadar is a leading Industrialist and an entrepreneur who has paved the way for the economy’s growth. He is one of the leading business tycoons in the country. Shiv Nadar is the chairman and founder of HCL Infosystems Ltd and Shiv Nadar Foundation.
The HCL Infosystems Ltd was founded around the mid-1970s and is one of the leading IT hardware companies. Over the next three decades, his company has led the foundation of reinventing the entire aspect. Back in 2009, he was awarded for his extensive and exclusive efforts in the IT industry by Padma Bhushan.
His nickname also calls him Magus ever since the mid-1990s because he has contributed to developing the country’s education system. The Shiv Nadar Foundation is paving the way for transforming the Indian education system. According to Forbes’s reports, in January 2021, he was declared as the third richest person in India. Shiv Nadar net worth stands around US $26 billion.
Early Life and Education
Shiv Nadar was born in Moolaipozhi Village of Tamil Nadu on 14 July, 1945 to Vamasundari Devi and Sivasubramaniya Nadar. His mother is the sister of S. P. Adithanar, who is also the founder of Dina Thanthi newspaper.
Nadar received his early education from the Town Higher Secondary School, Kumbakonam. Later on, he received his higher education from Elango Corporation Higher Secondary School, Madurai. He continued his education at the Town High School in June 1957. Shiv Nadar has received extensive education across different places. But, he received his formal higher education from St. Joseph Boys Higher Secondary School, Trichy. He received his pre-university degree from the American College, Madurai, and degree in Electrical and Electronics Engineering from PSG College of Technology, Coimbatore.
Shiv Nadar’s journey from an industrialist to an entrepreneur is one of the most important things to notice. He eventually grew to become a business tycoon in the country and currently stands in India’s third-richest person.
Shiv Nadar started his career in 1967 under the Walchand Group’s College of Engineering, Pune. After extensive job experience in the organization, Shiv Nadar went on to establish his venture with the help of his friends and colleagues. The partnership eventually proved to be helpful. His colleagues with whom he established the business include Arjun Malhotra, DS Puri, Subhash Arora, Ajay Chowdhury, S. Raman, Yogesh Vaidya, and Mahendra Pratap. HCL Infosystems was started with an investment in 1976 of Rs 180,000.
HCL Technologies set out to explore the international market around 1980. They started to sell IT hardware in the openings of Far East Computers. The venture eventually got Rs 1 million in revenue in the first year of establishment. Furthermore, it grew on to explore Singapore operations. Nadar holds the reputation of being one of the largest shareholders without any proper management control.
The Shiv Nadar Foundation
The Shiv Nadar Foundation led to the founding of SSN College of Engineering. The Shiv Nadar Foundation was established in 1994. Mr. Shiv Nadar, with his daughter Ms. Roshni Nadar had also donated Rs 4 crore towards the Prime Minister National Relief Fund.
Shiv Nadar founded the Sri Sivasubramaniya Nadar College after his father’s name. The college is currently situated in Chennai. He also donated the shares of HCL Technologies of 1 million INR to the SSN College of Engineering during its foundation. Apart from that, Nadar has taken active participation in various college activities.
He also took part in 2005 as the executive for the Indian School of Business. The SSN trust also took active participation to ensure a proper boost in business for everyone. He was the one to introduce two Vidyagyan Schools around UP for rural students. On its introduction, 200 students received free scholarships from 50 districts around UP.
The Town Higher Secondary School, an institute where he received his education, Shiv Nadar donated computers and essential equipment worth around Rs 80 lakh. One of the most extensive things to note about Shiv Nadar is that he was the chairperson for the Board of Governors in the Indian Institute of Technology Kharagpur (IIT Kharagpur or IIT-KGP) till 2014. His daughter, Roshani Nadar, is currently the vice-chairman of HCL Technologies.
Shiv Nadar University
Shiv Nadar University is a private university that was established in 2011 in Greater Noida, Uttar Pradesh of India. The Shiv Nadar University is one of the initiatives launched by the Shiv Noida Foundation.
The Shiv Nadar University has five schools that have around 17 departments. The major schools of Shiv Nadar University include the following.
- School of Engineering
- School of Natural Sciences
- School of Extended Education and Professional Development
- School of Management and Entrepreneurship
- School of Humanities and Social Sciences
The University also sends extramural grants for active projects. It has hosted around 52 active research projects from 2011 to 2016. The Research department has Ph.D. Scholars, post-doctoral fellows, visiting scholars, undergraduate students, and faculty members.
As of 2020, the University has 82nd rank in 56th rank in the Universities because of the National Institutional Ranking Framework (NIRF).
The students applying for the University need to evaluate the process and appear for the tests according to abstract reasoning, quantitative ability, and abstract reasoning. They need to appear for different examinations in various subject areas for the Academic Proficiency Test (APT), and the school-specific test is Scholastic Aptitude Test (SNUSAT). Every department of Shiv Nadar University has its own evaluation process.
Shiv Nadar Net Worth
The net worth of Shiv Nadar is 2480 crore USD.
His source of wealth is software services from HCL Technologies. The tech giant stepped down from the post of chairman of HCL Technologies for $9.9 billion. The position was handed to Roshi Nadar Malhotra.
Awards and Recognition
In his years of service, Shiv Nadar has received several awards and recognition. Apart from being awarded the third-highest civilian award of Padma Bhushan in 2008, he has also received other awards.
In 1995, Shiv Nadar was awarded the Dataquest IT Man of the year. He was also given the honorary fellowship in 2005 by the All India Management Association. Again in 2005, he received the CNBC Business Excellence Award.
In 2007, he received an honorary degree from the Madras University. In the same year, he received the E&Y Entrepreneur of the Year award.
In 2010, he achieved the Dataquest Lifetime Achievement Award. For 2011, he was ranked above the Forbes’ 48 heroes of Philanthropy in the Asia Pacific. In 2017, he was ranked as the 16th most powerful person in India by India Today Magazine. This is mostly because he has donated more than $1 billion to philanthropy.
Furthermore, the Shiv Nadar Foundation is constantly working towards boosting entrepreneurship in the country. The SSN College of Engineering is also working towards boosting management and business opportunities for students across the country.
Shiv Nadar House
Currently, Shiv Nadar House is in the Colony East Area of Delhi. His house is a luxurious bungalow worth 115 crore INR.
His house is one of the major residential investments, especially in the Lutyens Bungalow Zone. The place is home to several famous businessmen and politicians where the properties cost over hundreds of crores. Not only businessmen but renowned politicians also have properties in this area.
Shiv Nadar finds his place in the country’s leading businessman right below Mukesh Ambani and Gautam Adani. His Shiv Nadar Foundation has grown to become one of the largest multinational companies in the country.