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{{Short description|Indian billionaire businessman (born 1945)}}
{{Short description|Indian billionaire businessman and philanthropist (born 1945)}}
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'''Shiv Nadar''' (born 14 July 1945) is an Indian billionaire businessman and philanthropist.<ref>{{cite news |title=Shiv Nadar's Path To Philanthropy |url=https://www.fortuneindia.com/long-reads/shiv-nadars-path-to-philanthropy/109611 |access-date=22 February 2023 |work=Fortune India |language=en}}</ref> He was the founder and chairman of [[HCL Technologies]], and is chairman of the Shiv Nadar Foundation. Nadar founded HCL in the year 1976 and transformed the [[Input/output|IT hardware]] company into an [[Information technology|IT enterprise]] over the next three decades.<ref>{{Cite web|date=2021-07-19|title=Shiv Nadar steps down as HCL Tech MD, C Vijayakumar to take over|url=https://www.livemint.com/companies/news/shiv-nadar-steps-down-as-hcl-tech-md-c-vijayakumar-to-take-over-11626698883795.html|access-date=2021-07-19|website=mint|language=en}}</ref> In 2008, Nadar was awarded [[Padma Bhushan]] for his efforts in the IT industry.<ref name="Padma Awards">{{cite web|url=http://mha.nic.in/sites/upload_files/mha/files/LST-PDAWD-2013.pdf |title=Padma Awards |publisher=Ministry of Home Affairs, Government of India |date=2015 |access-date=21 July 2015 |url-status=dead |archive-url=https://web.archive.org/web/20151015193758/http://mha.nic.in/sites/upload_files/mha/files/LST-PDAWD-2013.pdf |archive-date=15 October 2015 }}</ref> Nadar, nicknamed by friends as ''[[Magus]]'' ([[Persian language|Old Persian]] for "[[Wizard (fantasy)|wizard]]"),<ref name="rediff2001">{{cite web|url=http://www.rediff.com/money/2001/aug/09nadar.htm|title=Shiv Nadar completes 25 years of success|publisher=[[Rediff]]|author=Arvind Padmanabham| access-date=26 March 2008}}</ref> since the mid-1990s he has focused his efforts on developing the educational system of India through the Shiv Nadar Foundation.<ref>{{cite news
'''Shiv Nadar''' (born 14 July 1945)<ref name=":0">{{Cite web |last=iyer |first=rahul |date=2024-11-11 |title=Who is Shiv Nadar: Mr. HCL And India’s Top Philanthropist |url=https://www.leaderbiography.com/shiv-nadar/ |access-date=2024-11-11 |website=Leader Biography |language=en}}</ref> is an Indian billionaire businessman and philanthropist.<ref>{{cite news |title=Shiv Nadar's Path To Philanthropy |url=https://www.fortuneindia.com/long-reads/shiv-nadars-path-to-philanthropy/109611 |access-date=22 February 2023 |work=Fortune India |language=en}}</ref> He was the founder and chairman of [[HCL Technologies]], and is chairman of the Shiv Nadar Foundation. Nadar founded HCL in the year 1976 and transformed the IT hardware company into an IT enterprise over the next three decades.<ref>{{Cite web|date=2021-07-19|title=Shiv Nadar steps down as HCL Tech MD, C Vijayakumar to take over|url=https://www.livemint.com/companies/news/shiv-nadar-steps-down-as-hcl-tech-md-c-vijayakumar-to-take-over-11626698883795.html|access-date=2021-07-19|website=mint|language=en}}</ref> In 2008, Nadar was awarded [[Padma Bhushan]] for his efforts in the IT industry.<ref name="Padma Awards">{{cite web|url=http://mha.nic.in/sites/upload_files/mha/files/LST-PDAWD-2013.pdf |title=Padma Awards |publisher=Ministry of Home Affairs, Government of India |date=2015 |access-date=21 July 2015 |url-status=dead |archive-url=https://web.archive.org/web/20151015193758/http://mha.nic.in/sites/upload_files/mha/files/LST-PDAWD-2013.pdf |archive-date=15 October 2015 }}</ref> Nadar, nicknamed by friends as ''[[Magus]]'' ([[Persian language|Old Persian]] for "[[Wizard (fantasy)|wizard]]"),<ref name="rediff2001">{{cite web|url=http://www.rediff.com/money/2001/aug/09nadar.htm|title=Shiv Nadar completes 25 years of success|publisher=[[Rediff]]|author=Arvind Padmanabham| access-date=26 March 2008}}</ref> since the mid-1990s he has focused his efforts on developing the educational system of India through the Shiv Nadar Foundation.<ref>{{cite news
| url = http://www.business-standard.com/india/news/shiv-nadar-foundation-forays-into-elementary-education/449223/
| url = http://www.business-standard.com/india/news/shiv-nadar-foundation-forays-into-elementary-education/449223/
| title = Shiv Nadar Foundation forays into elementary education
| title = Shiv Nadar Foundation forays into elementary education
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According to ''Forbes'', he has an estimated net worth of US$35.5 billion as of July 2024.<ref>{{Cite web|title=Shiv Nadar|url=https://www.forbes.com/profile/shiv-nadar/|access-date=5 July 2024|website=Forbes|language=en}}</ref>
According to ''Forbes'', he has an estimated net worth of US$42 billion as of October 2024 making him one of the richest people in the world.<ref>{{Cite web|title=Shiv Nadar|url=https://www.forbes.com/profile/shiv-nadar/|access-date=5 July 2024|website=Forbes|language=en}}</ref>


== Early life ==
== Early life ==
Nadar was born in [[Moolaipozhi|Moolaipozhi village]], [[Madras Presidency]] (present day [[Thoothukudi district]], [[Tamil Nadu]]) into a [[Tamils|Tamil Hindu]] family.<ref>{{cite book | title=India Inc: how India's top ten entrepreneurs are winning globally| author=Vikas Pota| date=7 January 2010| page=179| publisher=Nicholas Brealey Publishing, 2009| isbn=978-1-85788-524-8}}</ref> His parents were Sivasubramaniya Nadar and Vamasundari Devi. His mother, Vamasundari Devi, is the sister of [[S. P. Adithanar]], founder of ''[[Dina Thanthi]]'' newspaper.
Nadar was born in [[Moolaipozhi|Moolaipozhi village]], [[Madras Presidency]] (present day [[Thoothukudi district]], [[Tamil Nadu]]) into a [[Tamils|Tamil Hindu]] family.<ref>{{cite book | title=India Inc: how India's top ten entrepreneurs are winning globally| author=Vikas Pota| date=7 January 2010| page=179| publisher=Nicholas Brealey Publishing, 2009| isbn=978-1-85788-524-8}}</ref> His parents were Sivasubramaniya Nadar and Vamasundari Devi. His mother, Vamasundari Devi, is the sister of [[S. P. Adithanar]], founder of ''[[Dina Thanthi]]'' newspaper.


Nadar studied at [[Town Higher Secondary School]], Kumbakonam.<ref>{{cite web | url=http://thsskumbakonam.com/prominent-students.php | title=Prominent Students of Our School | access-date=19 July 2012 }}{{dead link|date=May 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> He also studied in the Elango Corporation Higher Secondary School, [[Madurai]].<ref>{{cite news|url=https://www.thehindu.com/news/cities/Madurai/elango-corporation-schools-alumnus-shiv-nadar-hcl-founder/article28797547.ece |title=Elango Corporation School's old students Shiv Nadar, the founder-chairman of HCL |work=The Hindu |date=2 August 2019 |access-date=13 February 2020|last1=Basu |first1=Soma }}</ref> 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 [[St. Joseph Boys Higher Secondary School, Trichy]], and completed high school education here.<ref>{{cite web|url=https://timesofindia.indiatimes.com/city/trichy/nadar-says-hindi-shaped-his-career-asks-students-to-learn-it/articleshow/67842025.cms |title=Shiv Nadar says Hindi shaped his career, asks students to learn it {{pipe}} Trichy News - Times of India |publisher=Timesofindia.indiatimes.com |date=5 February 2019 |access-date=13 February 2020}}</ref> Nadar received a pre-university degree in [[The American College in Madurai|the American College, Madurai]]<ref>{{Cite web |title=PADMA SHRI – ALUMNI {{!}} The American College |url=https://americancollege.edu.in/padma-shri-alumini |access-date=2024-06-10 |language=en-US}}</ref> and a degree in Electrical and Electronics Engineering from [[PSG College of Technology]], [[Coimbatore]].<ref>{{cite web|url=http://www.psgtech.edu/Shiv%20Nadar.pdf |title=Bio |publisher=www.psgtech.edu |access-date=13 February 2020}}</ref>
Nadar studied at [[Town Higher Secondary School]], Kumbakonam.<ref>{{cite web | url=http://thsskumbakonam.com/prominent-students.php | title=Prominent Students of Our School | access-date=19 July 2012 }}{{dead link|date=May 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> He also studied in the Elango Corporation Higher Secondary School, [[Madurai]].<ref>{{cite news|url=https://www.thehindu.com/news/cities/Madurai/elango-corporation-schools-alumnus-shiv-nadar-hcl-founder/article28797547.ece |title=Elango Corporation School's old students Shiv Nadar, the founder-chairman of HCL |work=The Hindu |date=2 August 2019 |access-date=13 February 2020|last1=Basu |first1=Soma }}</ref> 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 St. Joseph Boys Higher Secondary School, Trichy, and completed high school education here.<ref>{{cite web|url=https://timesofindia.indiatimes.com/city/trichy/nadar-says-hindi-shaped-his-career-asks-students-to-learn-it/articleshow/67842025.cms |title=Shiv Nadar says Hindi shaped his career, asks students to learn it {{pipe}} Trichy News - Times of India |publisher=Timesofindia.indiatimes.com |date=5 February 2019 |access-date=13 February 2020}}</ref> Nadar received a pre-university degree in [[The American College in Madurai|the American College, Madurai]]<ref>{{Cite web |title=PADMA SHRI – ALUMNI {{!}} The American College |url=https://americancollege.edu.in/padma-shri-alumini |access-date=2024-06-10 |language=en-US}}</ref> and a degree in Electrical and Electronics Engineering from [[PSG College of Technology]], [[Coimbatore]].<ref>{{cite web|url=http://www.psgtech.edu/Shiv%20Nadar.pdf |title=Bio |publisher=www.psgtech.edu |access-date=13 February 2020}}</ref>


== Career ==
== Career ==
Nadar<ref>{{cite web |title=Shiv Nadar – Unknown Facts about the HCL Man |url=https://www.thehansindia.com/photo-stories/tech/shiv-nadar-unknown-facts-about-the-hcl-man-580 |website=The Hans India |access-date=13 July 2021}}</ref> began his career at [[Walchand group]]'s ''Cooper Engineering Ltd.'' in Pune in 1967.<ref>{{cite book |title=India's New Capitalists: Caste, Business, and Industry in a Modern Nation| author=Harish Damodharan| date=16 September 2008| page=191| publisher=Palgrave Macmillan| isbn=978-0-230-20507-9}}</ref> 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), Arjun Malhotra (CEO and chairman, Headstrong), Subhash Arora, Yogesh Vaidya, S. Raman, Mahendra Pratap and DS Puri.<ref>{{cite web|url=http://infotech.indiatimes.com/articleshow/msid-1078480,prtpage-1.cms|title=Wanna be a CEO? Join HCL|date=15 April 2005|access-date=3 April 2008|publisher=Indiatimes|archive-url=https://web.archive.org/web/20080216052729/http://infotech.indiatimes.com/articleshow/msid-1078480,prtpage-1.cms|archive-date=16 February 2008|url-status=dead}}</ref>
Nadar<ref>{{cite web |title=Shiv Nadar – Unknown Facts about the HCL Man |url=https://www.thehansindia.com/photo-stories/tech/shiv-nadar-unknown-facts-about-the-hcl-man-580 |website=The Hans India |access-date=13 July 2021}}</ref> began his career at [[Walchand group]]'s ''Cooper Engineering Ltd.'' in Pune in 1967.<ref>{{cite book |title=India's New Capitalists: Caste, Business, and Industry in a Modern Nation| author=Harish Damodharan| date=16 September 2008| page=191| publisher=Palgrave Macmillan| isbn=978-0-230-20507-9}}</ref> 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), Arjun Malhotra (CEO and chairman, Headstrong), Subhash Arora, Yogesh Vaidya, S. Raman, Mahendra Pratap and DS Puri.<ref>{{cite web|url=http://infotech.indiatimes.com/articleshow/msid-1078480,prtpage-1.cms|title=Wanna be a CEO? Join HCL|date=15 April 2005|access-date=3 April 2008|publisher=Indiatimes|archive-url=https://web.archive.org/web/20080216052729/http://infotech.indiatimes.com/articleshow/msid-1078480,prtpage-1.cms|archive-date=16 February 2008|url-status=dead}}</ref>


The initial enterprise which Nadar and his partners began was Microcomp, a company which focused on selling teledigital calculators in the Indian market.<ref name="moneycontrol">{{cite web|url=http://www.rediff.com/money/2007/jun/09bspec1.htm|title=The amazing story of the birth of HCL|publisher=Moneycontrol|date=9 June 2007|access-date=26 March 2008}}</ref><ref>{{cite web|url=http://dqindia.ciol.com/content/dq_top20/2002/102072503.asp|title=HCL Group: The M&A Year|publisher=DQ Group|date=25 July 2002|access-date=26 March 2008|url-status=dead|archive-url=https://web.archive.org/web/20080321113809/http://dqindia.ciol.com/content/dq_top20/2002/102072503.asp|archive-date=21 March 2008}}</ref> HCL was founded in 1976, with an investment of Rs. 187,000.<ref>{{cite web|url=http://dqindia.ciol.com/content/dqtop202k3/giants/103080504.asp|title=HCL GROUP&nbsp;– The Change Agents|publisher=DQ India|access-date=26 March 2008|url-status=dead|archive-url=https://web.archive.org/web/20080423174235/http://dqindia.ciol.com/content/dqtop202k3/giants/103080504.asp|archive-date=23 April 2008}}</ref>
The initial enterprise that Nadar and his partners began was Microcomp, a company that focused on selling teledigital calculators in the Indian market.<ref name="moneycontrol">{{cite web|url=http://www.rediff.com/money/2007/jun/09bspec1.htm|title=The amazing story of the birth of HCL|publisher=Moneycontrol|date=9 June 2007|access-date=26 March 2008}}</ref><ref>{{cite web|url=http://dqindia.ciol.com/content/dq_top20/2002/102072503.asp|title=HCL Group: The M&A Year|publisher=DQ Group|date=25 July 2002|access-date=26 March 2008|url-status=dead|archive-url=https://web.archive.org/web/20080321113809/http://dqindia.ciol.com/content/dq_top20/2002/102072503.asp|archive-date=21 March 2008}}</ref> HCL was founded in 1976, with an investment of Rs. 187,000.<ref>{{cite web|url=http://dqindia.ciol.com/content/dqtop202k3/giants/103080504.asp|title=HCL GROUP&nbsp;– The Change Agents|publisher=DQ India|access-date=26 March 2008|url-status=dead|archive-url=https://web.archive.org/web/20080423174235/http://dqindia.ciol.com/content/dqtop202k3/giants/103080504.asp|archive-date=23 April 2008}}</ref>


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 in revenue in the first year and continued to address the Singapore operations.<ref name="mcdark">{{cite web|url=http://www.moneycontrol.com/india/news/management/shivnadarhcl/thedarkhorsetechnologysector/market/stocks/article/279967|title=The dark horse of the technology sector|publisher=Moneycontrol|date=7 May 2007|access-date=26 March 2008}}</ref> Nadar remained the largest shareholder without retaining any management control.{{Citation needed|date=February 2024}}
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 in revenue in the first year and continued to address the Singapore operations.<ref name="mcdark">{{cite web|url=http://www.moneycontrol.com/india/news/management/shivnadarhcl/thedarkhorsetechnologysector/market/stocks/article/279967|title=The dark horse of the technology sector|publisher=Moneycontrol|date=7 May 2007|access-date=26 March 2008}}</ref> Nadar remained the largest shareholder without retaining any management control.<ref>{{Cite journal |last=tech |first=psg |title=PSGTech |url=https://www.psgtech.edu/files/general/Shiv%20Nadar.pdf |journal=PSGTech}}</ref>


In July 2020, Nadar handed over to his daughter Roshni Nadar, who became the first woman chair of a listed Indian IT company.<ref>{{Cite web|date=Jul 18, 2020|title=Roshni Nadar Malhotra becomes HCL Tech chairperson. Who is she? {{!}} India News - Times of India|url=https://timesofindia.indiatimes.com/india/roshni-nadar-malhotra-becomes-hcl-tech-chairperson-who-is-she/articleshow/77034892.cms|access-date=2021-07-19|website=The Times of India|language=en}}</ref> In July 2021, Nadar also stepped down as managing director of HCL Technologies, and was succeeded by [[C Vijayakumar]], HCL Tech CEO, for a five-year term.<ref>{{Cite web|date=2021-07-19|title=Shiv Nadar steps down as HCL Tech MD, C Vijayakumar to take over|url=https://www.livemint.com/companies/news/shiv-nadar-steps-down-as-hcl-tech-md-c-vijayakumar-to-take-over-11626698883795.html|access-date=2021-07-19|website=mint|language=en}}</ref>
In July 2020, Nadar handed over to his daughter Roshni Nadar, who became the first woman chair of a listed Indian IT company.<ref>{{Cite web|date=Jul 18, 2020|title=Roshni Nadar Malhotra becomes HCL Tech chairperson. Who is she? {{!}} India News - Times of India|url=https://timesofindia.indiatimes.com/india/roshni-nadar-malhotra-becomes-hcl-tech-chairperson-who-is-she/articleshow/77034892.cms|access-date=2021-07-19|website=The Times of India|language=en}}</ref> In July 2021, Nadar also stepped down as managing director of HCL Technologies, and was succeeded by [[C Vijayakumar]], HCL Tech CEO, for a five-year term.<ref>{{Cite web|date=2021-07-19|title=Shiv Nadar steps down as HCL Tech MD, C Vijayakumar to take over|url=https://www.livemint.com/companies/news/shiv-nadar-steps-down-as-hcl-tech-md-c-vijayakumar-to-take-over-11626698883795.html|access-date=2021-07-19|website=mint|language=en}}</ref>
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== Focus on education ==
== Focus on education ==
[[File: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.jpg|thumb|Shiv and 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 17 January 2005]]
[[File: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.jpg|thumb|Shiv and Roshni Nadar presenting a cheque of Rs. 4 crore to the Prime Minister [[Manmohan Singh]], towards the Prime Minister's National Relief Fund in New Delhi on 17 January 2005]]
In 1996, Nadar founded [[SSN College of Engineering]] in [[Chennai]], Tamil Nadu<ref>{{Cite web |title=The Founder – SSN Institutions |url=https://www.ssn.edu.in/college-of-engineering/about-ssn-the-founder/ |access-date=2024-02-02 |language=en-US}}</ref> in the name of his father, Sivasubramaniya Nadar. Nadar took an active role in the college activities, including the gifting of Rs. 10 lakh worth of HCL shares to the college.<ref>{{cite web|url=http://www.hinduonnet.com/businessline/ew/2001/07/25/stories/0125a203.htm |title=Shiv Nadar gifts HCL Tech shares to Chennai Trust |work=The Hindu |location=India |date=25 July 2001 |access-date=26 March 2008 |url-status=usurped |archive-url=https://web.archive.org/web/20030513060340/http://www.hinduonnet.com/businessline/ew/2001/07/25/stories/0125a203.htm |archive-date=13 May 2003 }}</ref> In 2006, Nadar announced that the college will promote research apart from ensuring that students benefit from foreign university tie-ups.<ref>{{cite web|url=http://www.hindu.com/2006/03/01/stories/2006030114710500.htm|archive-url=https://web.archive.org/web/20060523091743/http://www.hindu.com/2006/03/01/stories/2006030114710500.htm|url-status=dead|archive-date=23 May 2006|title=SSN engineering college to step up high-end research |location=India|date=1 March 2006|work=[[The Hindu]]|access-date=26 March 2008}}</ref> Nadar joined the executive board of [[Indian School of Business]] in 2005.<ref>{{cite web|url=http://www.thehindubusinessline.com/2005/10/05/stories/2005100503100900.htm|title=Shiv Nadar joins ISB executive board|work=The Hindu|location=India|date=5 October 2004|access-date=26 March 2008|archive-url=https://web.archive.org/web/20070930230146/http://www.thehindubusinessline.com/2005/10/05/stories/2005100503100900.htm|archive-date=30 September 2007|url-status=dead}}</ref> In March 2008, Nadar's SSN Trust announced the setting up of two Vidyagyan schools in [[Uttar Pradesh]] for rural students, where free scholarship for 200 students from 50 districts of the state. He visited Town Higher Secondary School in February 2011 and donated computers and other equipment worth Rs. 80 lakh. He served as chairman of the board of governors, [[Indian Institute of Technology Kharagpur]] (IIT Kharagpur or IIT-KGP), a technical institute until 2014.<ref>{{cite news |last1=News |first1=NDTV |title=HCL founder Shiv Nadar to head IIT-Kharagpur's board |url=https://www.ndtv.com/business/hcl-founder-shiv-nadar-to-head-iit-kharagpurs-board-3475 |access-date=15 May 2020 |publisher=NDTV News |date=29 October 2011}}</ref>
In 1996, Nadar founded [[SSN College of Engineering]] in [[Chennai]], Tamil Nadu<ref>{{Cite web |title=The Founder – SSN Institutions |url=https://www.ssn.edu.in/college-of-engineering/about-ssn-the-founder/ |access-date=2024-02-02 |language=en-US}}</ref> in the name of his father, Sivasubramaniya Nadar. Nadar took an active role in the college activities, including the gifting of Rs.10 lakh (1 million) worth of HCL shares to the college.<ref>{{cite web|url=http://www.hinduonnet.com/businessline/ew/2001/07/25/stories/0125a203.htm |title=Shiv Nadar gifts HCL Tech shares to Chennai Trust |work=The Hindu |location=India |date=25 July 2001 |access-date=26 March 2008 |url-status=usurped |archive-url=https://web.archive.org/web/20030513060340/http://www.hinduonnet.com/businessline/ew/2001/07/25/stories/0125a203.htm |archive-date=13 May 2003 }}</ref> In 2006, Nadar announced that the college will promote research apart from ensuring that students benefit from foreign university tie-ups.<ref>{{cite web|url=http://www.hindu.com/2006/03/01/stories/2006030114710500.htm|archive-url=https://web.archive.org/web/20060523091743/http://www.hindu.com/2006/03/01/stories/2006030114710500.htm|url-status=dead|archive-date=23 May 2006|title=SSN engineering college to step up high-end research |location=India|date=1 March 2006|work=[[The Hindu]]|access-date=26 March 2008}}</ref> Nadar joined the executive board of [[Indian School of Business]] in 2005.<ref>{{cite web|url=http://www.thehindubusinessline.com/2005/10/05/stories/2005100503100900.htm|title=Shiv Nadar joins ISB executive board|work=The Hindu|location=India|date=5 October 2004|access-date=26 March 2008|archive-url=https://web.archive.org/web/20070930230146/http://www.thehindubusinessline.com/2005/10/05/stories/2005100503100900.htm|archive-date=30 September 2007|url-status=dead}}</ref> In March 2008, Nadar's SSN Trust announced the setting up of two Vidyagyan schools in [[Uttar Pradesh]] for rural students, where free scholarship for 200 students from 50 districts of the state. He visited Town Higher Secondary School in February 2011 and donated computers and other equipment worth Rs. 80 lakh. He served as chairman of the board of governors, [[Indian Institute of Technology Kharagpur]] (IIT Kharagpur or IIT-KGP), a technical institute until 2014.<ref>{{cite news |last1=News |first1=NDTV |title=HCL founder Shiv Nadar to head IIT-Kharagpur's board |url=https://www.ndtv.com/business/hcl-founder-shiv-nadar-to-head-iit-kharagpurs-board-3475 |access-date=15 May 2020 |publisher=NDTV News |date=29 October 2011}}</ref>


==Personal life==
==Personal life==
Nadar's daughter [[Roshni Nadar]] is now chairwoman of HCL. She was the manager of HCL when Siva Nadar started it in the 1990s.<ref>{{cite news|url=https://timesofindia.indiatimes.com/business/india-business/hcl-gen-next-roshni-nadar-appointed-chairman-of-hcl-tech/articleshow/66335013.cms|title=HCL gen-next Roshni Nadar appointed vice-chairman of HCL Tech|website=[[The Times of India]]|date=23 October 2018 }}</ref>
Nadar's daughter [[Roshni Nadar]] is now chairwoman of HCL. She was the manager of HCL when Nadar started it in the 1990s.<ref>{{cite news|url=https://timesofindia.indiatimes.com/business/india-business/hcl-gen-next-roshni-nadar-appointed-chairman-of-hcl-tech/articleshow/66335013.cms|title=HCL gen-next Roshni Nadar appointed vice-chairman of HCL Tech|website=[[The Times of India]]|date=23 October 2018 }}</ref>


His wife, [[Kiran Nadar]], is an art collector and philanthropist.<ref>{{cite web |url=https://www.dnaindia.com/mumbai/special-leaps-of-faith-for-a-better-tomorrow-the-dalit-story-1024354 | title=Leaps of faith for a better tomorrow, the Dalit story }}</ref>
His wife, [[Kiran Nadar]], is an art collector and philanthropist.<ref>{{cite web |url=https://www.dnaindia.com/mumbai/special-leaps-of-faith-for-a-better-tomorrow-the-dalit-story-1024354 | title=Leaps of faith for a better tomorrow, the Dalit story }}</ref> Nadar and his wife are active bridge players and sponsors of the HCL Bridge Tournament in India.{{citation needed|date= November 2024}} Nadar topped the list of most generous donors of 2024 as he donated nearly rupees 6 crore every day in the year.<ref name=":0" />

Shiv Nadar and his wife Kiran Nadar are also active Bridge players and sponsors of the famous HCL Bridge Tournament in India


== Awards and accolades ==
== Awards and accolades ==
Line 61: Line 59:
* Shiv Nadar was awarded E&Y Entrepreneur of the Year 2007 (Services).<ref>{{cite web|url=http://www.ey.com/GLOBAL/content.nsf/India/EOY_2007_Winner_shiv_Nadar|archive-url=https://www.webarchive.org.uk/wayback/archive/20081113053536/http://www.ey.com/GLOBAL/content.nsf/India/EOY_2007_Winner_Shiv_Nadar|url-status=dead|archive-date=13 November 2008|title=Honorary Entrepreneur Of The Year 2007&nbsp;– Services|publisher=[[Ernst & Young]]|access-date=26 March 2008}}</ref>
* Shiv Nadar was awarded E&Y Entrepreneur of the Year 2007 (Services).<ref>{{cite web|url=http://www.ey.com/GLOBAL/content.nsf/India/EOY_2007_Winner_shiv_Nadar|archive-url=https://www.webarchive.org.uk/wayback/archive/20081113053536/http://www.ey.com/GLOBAL/content.nsf/India/EOY_2007_Winner_Shiv_Nadar|url-status=dead|archive-date=13 November 2008|title=Honorary Entrepreneur Of The Year 2007&nbsp;– Services|publisher=[[Ernst & Young]]|access-date=26 March 2008}}</ref>
* In 2011, he was counted amongst ''Forbes''{{'}} 48 Heroes of Philanthropy in Asia Pacific.<ref>{{Cite news|url=https://www.forbes.com/global/2011/0718/heroes-philanthropy-11-kaldor-zhiqiang-oberoi-heroes-list.html|title=48 Heroes Of Philanthropy|last=Staff|first=Forbes Asia|date=22 June 2011|work=Forbes|access-date=8 August 2017|language=en}}</ref>
* In 2011, he was counted amongst ''Forbes''{{'}} 48 Heroes of Philanthropy in Asia Pacific.<ref>{{Cite news|url=https://www.forbes.com/global/2011/0718/heroes-philanthropy-11-kaldor-zhiqiang-oberoi-heroes-list.html|title=48 Heroes Of Philanthropy|last=Staff|first=Forbes Asia|date=22 June 2011|work=Forbes|access-date=8 August 2017|language=en}}</ref>
* In April 2017, [[India Today]] magazine ranked Nadar #16th in India's 50 most powerful people of 2017 list.<ref>{{cite news|title=India's 50 powerful people|url=http://indiatoday.intoday.in/story/india-today-top-50-powerful-indians-mukesh-ambani-ratan-tata-kumar-mangalam-birla-gautam-adani-anand-mahindra-srk-amitabh-bacchan/1/928939.html|publisher=[[India Today]]|date=14 April 2017}}</ref>
* In April 2017, [[India Today]] magazine ranked Nadar #16th in India's 50 Most Powerful People of 2017 list.<ref>{{cite news|title=India's 50 powerful people|url=http://indiatoday.intoday.in/story/india-today-top-50-powerful-indians-mukesh-ambani-ratan-tata-kumar-mangalam-birla-gautam-adani-anand-mahindra-srk-amitabh-bacchan/1/928939.html|publisher=[[India Today]]|date=14 April 2017}}</ref>
* Shiv Nadar has committed more than $1 billion to philanthropy.<ref>{{Cite news|url=https://www.forbes.com/sites/anuraghunathan/2016/07/06/shiv-nadars-vidyagyan-lands-rural-indian-kids-in-leading-institutes-from-engineering-to-fashion/#7adf6b512903|title=Shiv Nadar's VidyaGyan Lands Rural Indian Kids In Leading Institutes -From Engineering To Fashion|last=Raghunathan|first=Anu|work=Forbes|access-date=8 August 2017|language=en}}</ref>
* Shiv Nadar has committed more than $1 billion to philanthropy.<ref>{{Cite news|url=https://www.forbes.com/sites/anuraghunathan/2016/07/06/shiv-nadars-vidyagyan-lands-rural-indian-kids-in-leading-institutes-from-engineering-to-fashion/#7adf6b512903|title=Shiv Nadar's VidyaGyan Lands Rural Indian Kids In Leading Institutes -From Engineering To Fashion|last=Raghunathan|first=Anu|work=Forbes|access-date=8 August 2017|language=en}}</ref>


Latest revision as of 11:26, 21 November 2024

Shiv Nadar
Born (1945-07-14) 14 July 1945 (age 79)[1]
Moolaipozhi, Madras Presidency, British India
Alma materPSG College of Technology
Occupation(s)Founder, HCLTech, SSN College of Engineering, Shiv Nadar University, and Shiv Nadar University, Chennai
SpouseKiran Nadar
ChildrenRoshni Nadar Malhotra
RelativesS. N. Balakrishnan (brother)
AwardsPadma Bhushan (2008)

Shiv Nadar (born 14 July 1945)[2] is an Indian billionaire businessman and philanthropist.[3] He was the founder and chairman of HCL Technologies, and is chairman of the Shiv Nadar Foundation. Nadar founded HCL in the year 1976 and transformed the IT hardware company into an IT enterprise over the next three decades.[4] In 2008, Nadar was awarded Padma Bhushan for his efforts in the IT industry.[5] Nadar, nicknamed by friends as Magus (Old Persian for "wizard"),[6] since the mid-1990s he has focused his efforts on developing the educational system of India through the Shiv Nadar Foundation.[7] According to Forbes, he has an estimated net worth of US$42 billion as of October 2024 making him one of the richest people in the world.[8]

Early life

[edit]

Nadar was born in Moolaipozhi village, Madras Presidency (present day Thoothukudi district, Tamil Nadu) into a Tamil Hindu family.[9] His parents were Sivasubramaniya Nadar and Vamasundari Devi. His mother, Vamasundari Devi, is the sister of S. P. Adithanar, founder of Dina Thanthi newspaper.

Nadar studied at Town Higher Secondary School, Kumbakonam.[10] He also studied in the Elango Corporation Higher Secondary School, Madurai.[11] 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 St. Joseph Boys Higher Secondary School, Trichy, and completed high school education here.[12] Nadar received a pre-university degree in the American College, Madurai[13] and a degree in Electrical and Electronics Engineering from PSG College of Technology, Coimbatore.[14]

Career

[edit]

Nadar[15] began his career at Walchand group's Cooper Engineering Ltd. in Pune in 1967.[16] 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), Arjun Malhotra (CEO and chairman, Headstrong), Subhash Arora, Yogesh Vaidya, S. Raman, Mahendra Pratap and DS Puri.[17]

The initial enterprise that Nadar and his partners began was Microcomp, a company that focused on selling teledigital calculators in the Indian market.[18][19] HCL was founded in 1976, with an investment of Rs. 187,000.[20]

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 in revenue in the first year and continued to address the Singapore operations.[21] Nadar remained the largest shareholder without retaining any management control.[22]

In July 2020, Nadar handed over to his daughter Roshni Nadar, who became the first woman chair of a listed Indian IT company.[23] In July 2021, Nadar also stepped down as managing director of HCL Technologies, and was succeeded by C Vijayakumar, HCL Tech CEO, for a five-year term.[24]

In October 2021, he was ranked by Forbes magazine as the third richest person in India with an estimated net worth of US$31 billion.[25]

Focus on education

[edit]
Shiv and Roshni Nadar presenting a cheque of Rs. 4 crore to the Prime Minister Manmohan Singh, towards the Prime Minister's National Relief Fund in New Delhi on 17 January 2005

In 1996, Nadar founded SSN College of Engineering in Chennai, Tamil Nadu[26] in the name of his father, Sivasubramaniya Nadar. Nadar took an active role in the college activities, including the gifting of Rs.10 lakh (1 million) worth of HCL shares to the college.[27] In 2006, Nadar announced that the college will promote research apart from ensuring that students benefit from foreign university tie-ups.[28] Nadar joined the executive board of Indian School of Business in 2005.[29] In March 2008, Nadar's SSN Trust announced the setting up of two Vidyagyan schools in Uttar Pradesh for rural students, where free scholarship for 200 students from 50 districts of the state. He visited Town Higher Secondary School in February 2011 and donated computers and other equipment worth Rs. 80 lakh. He served as chairman of the board of governors, Indian Institute of Technology Kharagpur (IIT Kharagpur or IIT-KGP), a technical institute until 2014.[30]

Personal life

[edit]

Nadar's daughter Roshni Nadar is now chairwoman of HCL. She was the manager of HCL when Nadar started it in the 1990s.[31]

His wife, Kiran Nadar, is an art collector and philanthropist.[32] Nadar and his wife are active bridge players and sponsors of the HCL Bridge Tournament in India.[citation needed] Nadar topped the list of most generous donors of 2024 as he donated nearly rupees 6 crore every day in the year.[2]

Awards and accolades

[edit]
  • In 2008, the Government of India awarded him with a Padma Bhushan, the third highest civilian award, for his contribution to the IT industry.[33]
  • In 2007, Madras University awarded him an honorary doctorate degree.[34]
  • Shiv Nadar was awarded E&Y Entrepreneur of the Year 2007 (Services).[35]
  • In 2011, he was counted amongst Forbes' 48 Heroes of Philanthropy in Asia Pacific.[36]
  • In April 2017, India Today magazine ranked Nadar #16th in India's 50 Most Powerful People of 2017 list.[37]
  • Shiv Nadar has committed more than $1 billion to philanthropy.[38]

References

[edit]
  1. ^ Sharma, Vishwamitra (2003). Famous Indians of the 20th century. New Delhi: Pustak Mahal. p. 220. ISBN 81-223-0829-5.
  2. ^ a b iyer, rahul (11 November 2024). "Who is Shiv Nadar: Mr. HCL And India's Top Philanthropist". Leader Biography. Retrieved 11 November 2024.
  3. ^ "Shiv Nadar's Path To Philanthropy". Fortune India. Retrieved 22 February 2023.
  4. ^ "Shiv Nadar steps down as HCL Tech MD, C Vijayakumar to take over". mint. 19 July 2021. Retrieved 19 July 2021.
  5. ^ "Padma Awards" (PDF). Ministry of Home Affairs, Government of India. 2015. Archived from the original (PDF) on 15 October 2015. Retrieved 21 July 2015.
  6. ^ Arvind Padmanabham. "Shiv Nadar completes 25 years of success". Rediff. Retrieved 26 March 2008.
  7. ^ Vijay (15 September 2011). "Shiv Nadar Foundation forays into elementary education". Business Standard India. Machinist.in. Retrieved 6 December 2011.
  8. ^ "Shiv Nadar". Forbes. Retrieved 5 July 2024.
  9. ^ Vikas Pota (7 January 2010). India Inc: how India's top ten entrepreneurs are winning globally. Nicholas Brealey Publishing, 2009. p. 179. ISBN 978-1-85788-524-8.
  10. ^ "Prominent Students of Our School". Retrieved 19 July 2012.[permanent dead link‍]
  11. ^ Basu, Soma (2 August 2019). "Elango Corporation School's old students Shiv Nadar, the founder-chairman of HCL". The Hindu. Retrieved 13 February 2020.
  12. ^ "Shiv Nadar says Hindi shaped his career, asks students to learn it | Trichy News - Times of India". Timesofindia.indiatimes.com. 5 February 2019. Retrieved 13 February 2020.
  13. ^ "PADMA SHRI – ALUMNI | The American College". Retrieved 10 June 2024.
  14. ^ "Bio" (PDF). www.psgtech.edu. Retrieved 13 February 2020.
  15. ^ "Shiv Nadar – Unknown Facts about the HCL Man". The Hans India. Retrieved 13 July 2021.
  16. ^ 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.
  17. ^ "Wanna be a CEO? Join HCL". Indiatimes. 15 April 2005. Archived from the original on 16 February 2008. Retrieved 3 April 2008.
  18. ^ "The amazing story of the birth of HCL". Moneycontrol. 9 June 2007. Retrieved 26 March 2008.
  19. ^ "HCL Group: The M&A Year". DQ Group. 25 July 2002. Archived from the original on 21 March 2008. Retrieved 26 March 2008.
  20. ^ "HCL GROUP – The Change Agents". DQ India. Archived from the original on 23 April 2008. Retrieved 26 March 2008.
  21. ^ "The dark horse of the technology sector". Moneycontrol. 7 May 2007. Retrieved 26 March 2008.
  22. ^ tech, psg. "PSGTech" (PDF). PSGTech.
  23. ^ "Roshni Nadar Malhotra becomes HCL Tech chairperson. Who is she? | India News - Times of India". The Times of India. 18 July 2020. Retrieved 19 July 2021.
  24. ^ "Shiv Nadar steps down as HCL Tech MD, C Vijayakumar to take over". mint. 19 July 2021. Retrieved 19 July 2021.
  25. ^ "Mukesh Ambani tops Hurun Rich list 2021, spotlight on Gautam Adani's 261% wealth growth". India Today. 1 October 2021. Retrieved 18 December 2021.
  26. ^ "The Founder – SSN Institutions". Retrieved 2 February 2024.
  27. ^ "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.{{cite web}}: CS1 maint: unfit URL (link)
  28. ^ "SSN engineering college to step up high-end research". The Hindu. India. 1 March 2006. Archived from the original on 23 May 2006. Retrieved 26 March 2008.
  29. ^ "Shiv Nadar joins ISB executive board". The Hindu. India. 5 October 2004. Archived from the original on 30 September 2007. Retrieved 26 March 2008.
  30. ^ News, NDTV (29 October 2011). "HCL founder Shiv Nadar to head IIT-Kharagpur's board". NDTV News. Retrieved 15 May 2020. {{cite news}}: |last1= has generic name (help)
  31. ^ "HCL gen-next Roshni Nadar appointed vice-chairman of HCL Tech". The Times of India. 23 October 2018.
  32. ^ "Leaps of faith for a better tomorrow, the Dalit story".
  33. ^ "India Inc shines on civilian honour rolls". The Economic Times. India. 27 January 2008. Retrieved 26 March 2008.
  34. ^ "Honorary doctorate for Balachander, Nadar". The Hindu. India. 11 November 2007. Archived from the original on 15 November 2007. Retrieved 26 March 2008.
  35. ^ "Honorary Entrepreneur Of The Year 2007 – Services". Ernst & Young. Archived from the original on 13 November 2008. Retrieved 26 March 2008.
  36. ^ Staff, Forbes Asia (22 June 2011). "48 Heroes Of Philanthropy". Forbes. Retrieved 8 August 2017.
  37. ^ "India's 50 powerful people". India Today. 14 April 2017.
  38. ^ Raghunathan, Anu. "Shiv Nadar's VidyaGyan Lands Rural Indian Kids In Leading Institutes -From Engineering To Fashion". Forbes. Retrieved 8 August 2017.
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