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Shiv Nadar

About Shiv Nadar

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Who is Shiv Nadar?

Shiv Nadar is an Indian industrialist tycoon and philanthropist who is a former chairman and founder of the global IT service company HCL Technologies Limited. He stepped down as chairman of HCL Tech in July 2020 and handed over the position to his daughter, Roshni Nadar Malhotra. In July 2021, C Vijay Kumar was appointed as CEO and MD of the organisation.
 
The billionaire is also the founder and chairman of the Shiv Nadar Foundation. Nadar is one of the pioneers of the computing and IT industry in the country. His friends fondly call him ‘Magus’, which means 'wizard' in ancient Persian. In October 2021, Forbes ranked him as the third richest person in India with an estimated net worth of $31.6 billion (Rs 236,600 crore).
Life and education
 
Shiv Nadar was born on July 14, 1945, in Tamil Nadu to Sivasubramaniya Nadar and Vamasundari Devi. He received a pre-university degree from American College, Madurai and completed his graduation in Electrical and Electronics Engineering from PSG College of Technology. He is married to Kiran Shiv Nadar who is an Indian art collector and philanthropist.
 
Career
 
In 1967, he started his career as an engineer at Walchand Group's Cooper Engineering (COEP) in Pune. After a few years, he left his job to take up a business-oriented career in partnership with Ajai Chowdhry and other colleagues to establish an enterprise -- Microcomp under the brand name 'Televista'. Later, they together founded HCL Tech in 1976 to manufacture microprocessors and calculators.
 
Nadar founded the SSN College of Engineering in Chennai in 1996 in the name of his father Sri Sivasubramaniya Nadar.
 
Achievements
  • Padma Bhushan -- third-highest civilian award in India (2008)
  • Honorary doctorate degree from Madras University (2007)
  • E&Y Entrepreneur of the Year (2007)
  • Forbes' 48 Heroes of Philanthropy in Asia Pacific (2011)
  • India Today's India's 50 most powerful people in 2017 list 

Latest Updates on Shiv Nadar

Grants exemption from open offer for acquiring stake from father Shiv Nadar

Updated On: 22 Nov 2024 | 10:50 PM IST

India's most valuable family businesses are collectively worth a whopping Rs 6,009, 100 crore, as per anewly released report which has unveiled the country's most influential family-owned enterprises.

Updated On: 08 Aug 2024 | 3:56 PM IST

IT services company HCL Technologies (HCLTech) has teamed up with SAP to drive innovation and accelerate the adoption of Generative AI

Updated On: 15 Jan 2024 | 3:41 PM IST

We were always confident of our business mix and our incredible leadership and all other elements, said C Vijayakumar, CEO & MD, HCLTech

Updated On: 14 Jan 2024 | 11:10 PM IST

Following is the list of top Indian Business Personalities whose net worth surged the most in 2023

Updated On: 28 Dec 2023 | 7:57 PM IST

Philanthropy report card: Indian billionaires donated 59% more

Updated On: 02 Nov 2023 | 10:54 PM IST

According to the Forbes India Rich List 2023, Savitri Jindal is the wealthiest Indian woman

Updated On: 12 Oct 2023 | 12:04 PM IST

From Ambani to Birla, more and more business families in India are showing trust in their scions

Updated On: 09 Feb 2023 | 6:01 PM IST

In comparison, Ambani, who topped the list last year, has seen a 2.5 per cent decline in his family's net worth to $101.75 billion from $104.4 billion a year ago

Updated On: 28 Dec 2022 | 11:25 PM IST

HCL founder Shiv Nadar topped as the most generous person in the country with an annual donation of Rs 1,161 crore, the EdelGive Hurun India Philanthropy List 2022 revealed on Thursday

Updated On: 20 Oct 2022 | 4:25 PM IST

Bilateral non-profit organisation honours billionaire for his contribution to technology industry and philanthropy

Updated On: 20 Oct 2022 | 3:19 PM IST

Adani was far ahead of Reliance Industries' chairman Mukesh Ambani (Mukesh Ambani & family), whose wealth rose 11 per cent in the last one year

Updated On: 21 Sep 2022 | 2:58 PM IST

Some are 'Midnight's Children' whose pre-Independence businesses bloomed after 1947, some 'Licence Raj Warriors' who refused to let red-tapeism slow them down. A look at 25 towering business leaders

Updated On: 12 Aug 2022 | 12:51 PM IST

Chairman of Reliance Industries, topped the rich list for the 14th year in a row

Updated On: 08 Oct 2021 | 1:20 AM IST

The tenth Hurun India rich list has Mukesh Ambani topping it for the 10th year in a row with Rs 7.18 trillion wealth - only 9 per cent up over 2020

Updated On: 01 Oct 2021 | 1:47 AM IST

Prominent Indian industrialists Shiv Nadar and Mallika Srinivasan have been chosen by a top India-centric business advocacy group as the recipients of its 2021 Global Leadership Award.

Updated On: 30 Sep 2021 | 11:25 AM IST

Here are the top news stories of the day

Updated On: 19 Jul 2021 | 9:39 PM IST

Shiv Nadar to move on and take over as chairman emeritus and strategic advisor to the Board for five years. C Vijayakumar, president and CEO, named managing director

Updated On: 19 Jul 2021 | 10:33 PM IST

C Vijayakumar has been appointed as Managing Director of the IT firm

Updated On: 19 Jul 2021 | 7:46 PM IST

The IT firm's EBIT margin in FY22 is expected to be between 19%-21%

Updated On: 23 Apr 2021 | 9:56 PM IST