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Shiv Nadar is an Indian billionaire who founded the IT company HCL in 1976. Over three decades he transformed HCL into a major global IT enterprise. Some key achievements include HCL becoming a $9.7 billion company and one of India's largest software services providers. Nadar has also invested over $1 billion in his Shiv Nadar Foundation which supports education initiatives in India. He has received several prestigious awards for his contributions to the Indian IT industry and philanthropy.

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72 views

Assignment 1

Shiv Nadar is an Indian billionaire who founded the IT company HCL in 1976. Over three decades he transformed HCL into a major global IT enterprise. Some key achievements include HCL becoming a $9.7 billion company and one of India's largest software services providers. Nadar has also invested over $1 billion in his Shiv Nadar Foundation which supports education initiatives in India. He has received several prestigious awards for his contributions to the Indian IT industry and philanthropy.

Uploaded by

Balraj Deshmukh
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
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Assignment 1

Submit the profile summary of a successfulentrepreneur including


milestoneAchievements
Shiv Nadar
Shiv Nadar (born 14 July 1945) is an Indian billionaire industrialist and philanthropist.[3] He
is the founder and chairman of HCL and the Shiv Nadar Foundation. Nadar founded HCL in
the mid-1970s and transformed the IT hardware company into an IT enterprise over the next
three decades by constantly reinventing his company's focus. In 2008, Nadar was
awarded Padma Bhushan for his efforts in the IT industry.Nadarnicknamed by friends
as Magus (Old Persian for "wizard") since the mid-1990s has focused his efforts on
developing the educational system of India through the Shiv nadar Foundation

Career
The initial enterprise which Nadar and his partners began was Micro comp, a company which
focused on selling teledigital calculators in the Indian market. HCL was founded in 1976,
with an investment of Rs. 187,000.
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 revenue in the first year
and continued to address the Singapore operations Nadar remained the largest shareholder
without retaining any management control.
Awards and

Early life And education


Nadar studied at Town Higher Secondary School, Kumbakonam. Also, studied in Elango
Corporation Higher Secondary School, Madurai. 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. Nadar received a pre-university degree in the American College,
Madurai] and a degree in Electrical and Electronics Engineering from PSG College of
Technology, Coimbatore.

Milestone

• Today, he chairs HCL Technologies, an $9.7 billion (revenue) company that is one of India's
largest software services providers.
• In December 2018, HCL Technologies agreed to buy some software products from IBM for
$1.8 billion.
• HCL Technologies, which employs 149,000 people in 45 countries worldwide, hires high
school grads and trains them on the job.
• One of India's leading philanthropists, Nadar has donated $662 million to his Shiv Nadar
Foundation, which backs education-related causes.

Awards and accolades

• In 2008, the government of India awarded Nadar with a Padma Bhushan, the third
highest civilian award, for his contribution to the IT industry.
• In 2007, Madras University awarded him an honorary doctorate degree Nadar was
also recognised as E&Y Entrepreneur of the Year 2007 (Services).
• In 1995 he became the Dataquest IT Man of the year.] the In 2005 he was bestowed
with CNBC Business Excellence Award.In 2006 he received an honorary fellowship
from the All India Management Association.] In 2011 he was counted
amongst Forbes' 48 Heroes of Philanthropy in Asia Pacific.
• In 2010 he received the Dataquest Lifetime Achievement Award.
• In April 2017,india today magazine ranked Nadar #16th in India's 50 most powerful
people of 2017 list. Nadar has committed more than $1 billion to philanthropy.

Conclusion

We submit the profile summary of a successfulentrepreneur including milestone


achievements.

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