Shiv Nadar is a former chairman and co-founder of the worldwide IT service company HCL Technologies Limited, an Indian industrialist tycoon and philanthropist. Roshni Nadar Malhotra, his daughter, will take over as chairperson of HCL Tech in July 2020. C Vijay Kumar was named CEO and MD of the company in July 2021.
One of Shiv Nadar’s most notable achievements is that he is also the chairman and creator of the Shiv Nadar Foundation. Nadar is one of the country’s pioneers in the field of computing and IT. His close pals refer to him as “Magus,” which is Persian for “wizard.” Forbes assessed his net worth to be $31.6 billion in October 2021, placing him as India’s third-richest citizen (Rs 236,600 crore).
Shiv Nadar was born in 1945 in Moolaipozhi Village about 10 kilometers (6.2 miles) from Tiruchendur in Thoothukudi district (current), Tamil Nadu, India. In addition to his biological father, Sivasubramaniya Nadar, he had an older mother named Vamasundari Devi as well.
Dina Thanthi founder S. P. Adithanar’s sister is his mother, Vamasundari Devi. In July 2020, Roshni Nadar Malhotra, his daughter, will take over as chairman of HCL Technologies. And he has now been elevated to the position of chairman emeritus.
Net Worth of Shiv Nadar
Nitin Patel Around $28.7 Billion (USD 2,870 Crores) is considered to be the company’s current worth (Rs. 2.09 Lakhs Crores). Shiv Nadar and his family own 60% of the Indian software company HCL Technologies. HCL Infosystems, a computer manufacturer and service provider, is also owned by the family.
Despite his position as chairman of the board, he is only given credit for his family’s shares. His wife runs the Kiran Nadar Museum of Art in New Delhi, and the family owns multiple works of art worth over $85 million.
|Net Worth (2022)||$28.7 Billion|
|Net Worth In Indian Rupees||2.09 Lakh Crore INR|
|Monthly Income And Salary||$160 Million +|
|Yearly Income||$2 Billion +|
For high school, Nadar went to Kumbakonam’s Town Higher Secondary School. The Elango Corporation Higher Secondary School in Madurai is another place he attended as a student. In June of 1955, he was accepted into the first form of the Town High School, where he remained until June 1957.
He continued his schooling at St. Joseph Boys Higher Secondary School in Trichy, where he graduated from high school. Nadar graduated from the American College in Madurai with a diploma in pre-university studies and the PSG College of Technology in Coimbatore with a diploma in Electrical and Electronics Engineering.
The Career Of Shiv Nadar
In 1967, Shiv Nadar created HCL in his garage to produce calculators and microprocessors, which marked the beginning of his career. He remodeled his IT company, which he bought from an IT hardware company, over the course of three decades in order to help his business grow.
In addition to his close friends S. Raman and Subhash Arora, as well as business associates DS Puri and Yogesh Vaidya, former HCL Chairman Ajai Chowdhry and Arjun Malhotra, tycoon Shiv had a number of other supporters (CEO and Chairman, Headstrong)
HCL bet and entered the global market for IT hardware sales in 1980 with their Far East computers in Singapore. In the same year, the business generated Rs 1 million in revenue from Singapore activities. HCL currently employs over 150,000 people in 49 different countries. Nadar, on the other hand, is the company’s largest shareholder but has no say in its management.
Focus on Education and Healthcare
To help the Prime Minister’s National Relief Fund, Shiv and Roshni Nadar presented a check for Rs 4 crore to Dr. Manmohan Singh on January 17, 2005, in New Delhi. Nadar established the Sivasubramaniya Nadar College of Engineering in Chennai, Tamil Nadu, in 1996 in honor of his father.
When Nadar became involved in the school, he donated Rs. 1 million worth of HCL stock to the college. Prior to the start of the 2006 academic year, Nadar stated that the college will focus on research, as well as ensuring that students would benefit from the college’s international university partnerships.
In 2005, Nadar was elected to the Indian School of Business executive board. SSN Trust stated in March 2008 that two Vidyagyan schools in Uttar Pradesh would be built for rural students, with free scholarships being offered to 200 students from 50 different districts in the state.
In February 2011, he paid a visit to Town Higher Secondary School and gave Rs 80 lakhs worth of computers and other equipment. Until 2014, he was chairman of the board of governors at the technical institute Indian Institute of Technology Kharagpur (IIT-KGP).
Nadar has a daughter with art collector Kiran Nadar, with whom he married. Roshni Nadar, his daughter, currently serves as chairperson of HCL Technologies Limited. Roshni Nadar, his child, is now HCL’s chairwoman. Indian art collector and philanthropist Kiran Shiv Nadar is his wife.
|Net Worth||$28.7 Billion|
|Born||July 14, 1945 (Age – 76)|
|Identified as||Founder of SSN College of Engineering, &
Founder of HCL Technologies
|Status||Indian Billionaire Industrialist|
|Education||PSG College of Technology|
|Spousal Status||Married (Kiran Nadar)|
|Children||1 (Daughter – Roshni Nadar)|
Awards and accolades
- Because of his work in the IT business, the Indian government gave Nadar the Padma Bhushan, the country’s third-highest civilian honor, back in 2008.
- He received an honorary doctorate from Madras University in 2007.
- The E&Y Entrepreneur of the Year award went to Shiv Nadar in 2007. (Services).
- In 2011, Forbes named him one of the 48 Heroes of Philanthropy in the Asia Pacific.
- It was reported in April 2017 that India Today magazine named Nadar as the 16th most powerful person in India for the year 2017.
- More than $1 billion has been donated to charitable causes by Shiv Nadar.
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