Shiv Nadar is one of the giants of the IT sector and the founder of HCL Technologies, who has transformed the face of IT over the years. He founded HCL in 1976 and led the company for more than four decades before stepping down as chairman. After creating a name for himself in the IT sector, Shiv Nadar moved to the educational department and founded the Shiv Nadar Foundation.
The billionaire businessman is married to Kiran Shiv Nadar, an Indian art collector and philanthropist. The couple welcomed a baby girl, whom they have lovingly named Roshni Nadar. She is the only child of Shiv Nadar and Kiran Shiv Nadar. Apart from being a technology giant, Shiv Nadar is also hailed for his philanthropic works. Through this article, we will learn about some unknown aspects of Shiv Nadar.
Born in 1945 in Moolaipozhi, Tamil Nadu, Shiv Nadar was raised in a middle-class family. He attended Elango Corporation Higher Secondary School and Kumbakonam's Town Higher Secondary School. Before enrolling in PSG College of Technology in Coimbatore for his electronics engineering degree, Shiv studied at the American College in Madurai.
Shiv Nadar completed his education in Tamil Nadu and did the majority of his studies in Tamil. As a result, he was not able to talk in English until the age of 21. After completing his graduation, Shiv began working for the Walchand Group's Cooper Engineering Ltd in 1967.
With an investment of Rs. 1,87,000, Shiv Nadar founded Hindustan Computers Ltd. (now known as HCL Technologies) in his garage in Delhi with his friends. Initially, they focused on manufacturing calculators and microprocessors, but over time, he turned the IT hardware business into an IT firm. HCL earned Rs. 1 million in revenue in the 1980s and experienced its first success.
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In July 2020, Shiv Nadar stepped down as chairman of HCL and handed over his position to his daughter, Roshni Nadar Malhotra. In 2021, he also stepped down from HCL’s managing director position and is currently the company's strategic advisor.
Shiv Nadar is a prominent businessman and has been ranked among the most powerful and influential people in the world. According to the recently released Hurun List, he is the third richest man in India. His total net worth is Rs. 3.14 lakh crore.
Apart from his successful venture and staggering net worth, Shiv Nadar also tops the list of the country’s top philanthropists. With an annual donation of Rs. 2,042 crores to charitable causes in 2022-2023, Shiv Nadar retained his position as India’s Most Generous title for the third time in five years. As per EdelGive Hurun India Philanthropy List, Shiv donates Rs. 5.6 crore per day.
In addition, Shiv Nadar founded SSN College of Engineering in Chennai and has supported many educational institutions. He also founded the Shiv Nadar Foundation in 1994, which works in the fields of education and rural development.
From a humble beginning to creating one of the biggest firms in the business world, Shiv Nadar’s life is the perfect example of rags to riches. Does the IT giant also inspire you? Let us know.
Also Read: From Peon To Billionaire, Balvant Parekh Found Fevicol And Built A Company Worth Rs. 1.24 Trillion
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