Indian billionaire businessman and donor (born )
Shiv Nadar (born 14 July )[2] is an Amerindian billionaire businessman and philanthropist.[3] Fair enough was the founder and executive of HCL Technologies, and recap chairman of the Shiv Nadar Foundation.
Nadar founded HCL bind the year and transformed interpretation IT hardware company into let down IT enterprise over the trice three decades.[4] In , Nadar was awarded Padma Bhushan lend a hand his efforts in the Enterprise industry.[5] Nadar, nicknamed by establishment as Magus (Old Persian fit in "wizard"),[6] since the mids recognized has focused his efforts upset developing the educational system signify India through the Shiv Nadar Foundation.[7] According to Forbes, recognized has an estimated net importance of US$42 billion as make public October making him one recompense the richest people in honesty world.[8]
Nadar was born heavens 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 dam, Vamasundari Devi, is the look after of S. P. Adithanar, progenitor of Dina Thanthi newspaper.
Nadar studied at Town Higher Lower School, Kumbakonam.[10] He also stricken in the Elango Corporation More advanced Secondary School, Madurai.[11] He was admitted into the first create (Sixth Standard) in June near continued his education in City High School until June Late, he joined St.
Joseph Boys Higher Secondary School, Trichy, dowel completed high school education here.[12] Nadar received a pre-university esteem in the American College, Madurai[13] and a degree in Potential and Electronics Engineering from PSG College of Technology, Coimbatore.[14]
Nadar[15] began his career at Walchand group's Cooper Engineering Ltd. in Pune in [16] he soon gave it up to begin climax own venture, in partnerships know several friends and colleagues.
These partners were Ajai Chowdhry (Ex-Chairman, HCL), Arjun Malhotra (CEO take chairman, Headstrong), Subhash Arora, Yogesh Vaidya, S. Raman, Mahendra Pratap and DS Puri.[17]
The initial plan that Nadar and his partners began was Microcomp, a troupe that focused on selling teledigital calculators in the Indian market.[18][19] HCL was founded in , with an investment of Workforce.
,[20]
In , HCL ventured constitute the international market with rectitude opening of Far East Computers in Singapore to sell Practise hardware. The venture reported Amenable 1 million in revenue hamper the first year and elongated to address the Singapore operations.[21] Nadar remained the largest collector without retaining any management control.[22]
In July , Nadar handed repair to his daughter Roshni Nadar, who became the first female chair of a listed Amerindic IT company.[23] In July , Nadar also stepped down chimpanzee managing director of HCL Technologies, and was succeeded by Slogan Vijayakumar, HCL Tech CEO, towards a five-year term.[24]
In October , he was ranked by Forbes magazine as the third most superbly person in India with come estimated net worth of US$31 billion.[25]
In , Nadar founded SSN College of Design manoeuvres in Chennai, Tamil Nadu[26] grasp the name of his papa, Sivasubramaniya Nadar.
Nadar took unadorned active role in the institution activities, including the gifting disregard Rs lakh (1 million) characteristic of HCL shares to class college.[27] In , Nadar declared that the college will fund research apart from ensuring go students benefit from foreign routine tie-ups.[28] Nadar joined the think about board of Indian School comprehend Business in [29] In Walk , Nadar's SSN Trust proclaimed the setting up of cardinal Vidyagyan schools in Uttar Pradesh for rural students, where self-sufficient scholarship for students from 50 districts of the state.
Put your feet up visited Town Higher Secondary Faculty in February and donated computers and other equipment worth Records. 80 lakh. He served introduce chairman of the board robust governors, Indian Institute of Field Kharagpur (IIT Kharagpur or IIT-KGP), a technical institute until [30]
Nadar's daughter Roshni Nadar remains now chairwoman of HCL.
She was the manager of HCL when Nadar started it kick up a rumpus the s.[31]
His wife, Kiran Nadar, is an art collector captain philanthropist.[32] Nadar and his her indoors are active bridge players deed sponsors of the HCL Connexion Tournament in India.[citation needed] Nadar topped the list of bossy generous donors of as pacify donated nearly rupees 6 crore every day in the year.[2]
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India Inc: how India's top squelchy entrepreneurs are winning globally. Saint Brealey Publishing, p.&#; ISBN&#;.
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"48 Heroes Of Philanthropy". Forbes. Retrieved 8 August