Nadar established the software development and outsourcing firm HCL Technologies, in which he has the largest share. Revenue for the New Delhi firm was $11.5 billion for the fiscal year ending March 31, 2022. In addition, he controls the vast majority of PC and tablet maker HCL Infosystems, which is traded on public markets.
Since the mid-1990s, Nadar, known as Magus (Old Persian for “wizard”) by his friends, has dedicated himself to improving India’s educational system through the Shiv Nadar Foundation.
He has an estimated net worth of US$23.9 billion as of July 6, 2022, making him the third richest person in India and the sixty-second richest person in the world, respectively, according to Forbes.
| Net Worth: | $25.9 Billion |
|---|---|
| Age: | 77 |
| Born: | July 14, 1945 |
| Gender: | Male |
| Height: | 1.73 m (5 ft 8 in) |
| Country of Origin: | India |
| Source of Wealth: | Industrialist |
| Last Updated: | August 2, 2022 |
Shiv Nadar: Early Life, Education
In 1945, Nadar was born in the village of Moolaipozhi, located in the present-day Thoothukudi district of Tamil Nadu, India, around 10 kilometers (6.2 miles) from the city of Tiruchendur.
The Sivasubramaniya Nadar and Vamasundari Devi were his parents. Vamasundari Devi, his mother, is a sibling of S. P. Adithanar, the newspaper’s namesake and founder.
Nadar attended the Kumbakonam, Tamil Nadu, Town Higher Secondary School. Additionally, he attended Madurai’s Elango Corporation Higher Secondary School.
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After starting at Town High School in the sixth grade (first form) in June 1955, he graduated in June 1957. He continued his study at St. Joseph Boys Higher Secondary School in Trichy. Nadar attended the American College in Madurai and graduated with an associate’s degree. PSG College of Technology, Coimbatore graduate with a degree in Electrical and Electronics Engineering [circular citation].
Shiv Nadar: Education
Before transferring to Elango Corporation Higher Secondary School in Madurai, Shiv Nadar attended Town Higher Secondary School in Kumbakonam. He was admitted to the sixth grade in June 1995 and received private tutoring from that point until June 1997, when he was a sophomore in high school.
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Later, he enrolled at St. Joseph Boys Higher Secondary School in Trichy to continue his education through high school. He attended the American College in Madurai for his undergraduate work and the PSG College of Technology in Coimbatore for his bachelor’s in electrical engineering.
Shiv Nadar: Career
His professional life began in 1967 at the Walchand gathering’s College of Engineering in Pune (COEP), but he recently left to start his own venture with a few partners.
In 1976, Shiv launched HCL in a carport to produce calculators and chips.
In the ensuing 30 years, he perseveringly bolstered his company’s nerve center and reworked an IT venture based on the partnership’s IT equipment.
The former HCL chairman Ajai Chowdhry, Headstrong’s current CEO and chairman Arjun Malhotra, and a number of other prominent Indian businessmen including S. Raman, Subhash Arora, DS Puri, Yogesh Vaidya, and Mahendra Pratap were among Nadar’s supporters.
- Those minicomputers would have been cutting-edge in the Indian marketplace.
- HCL began selling computers to the Far East in 1980, first from a base in Singapore.
- In its first year of operation, the company managed to earn Rs 1 million and take on assignments in Singapore.
- It currently serves 150,00 agents in 49 countries.
- Despite having little to no say in management, Nadar remained HCL’s largest investment.
- He has been working with Shiv Nadar Found to improve India’s educational infrastructure since the mid-1990s.
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- In 1996, Nadar’s father passed away, and in his honor, Nadar established SSN College of Engineering in Chennai, Tamil Nadu. Nadar also endowed the college with Rs. 1 million in HCL offers.
- Nadar promised in 2006 that the university would improve research and make sure that students benefited from international university partnerships.
- Back in 2005, he became a respected member of the Indian School of Business’s advisory board.
- Nadar served as the director of the Indian Institute of Technology Kharagpur (IIT Kharagpur) from 2010 to 2014.
Income of Shiv Nadar [Year]
One of India’s wealthiest individuals is Shiv Nadar. A 2019 estimate places his wealth at $10.8 billion. One of India’s top IT firms, HCL Technologies was created by him.
In addition, he owns a sizable portion of Hindustan Unilever, one of India’s major consumer products firms. Nadar also makes substantial contributions to India’s nonprofits. Throughout India, he has given away nearly a billion dollars to various organisations.
India’s Tamil Nadu state is where Nadar was born in 1944. At the Indian Institute of Technology in Madras, he majored in electrical engineering. Following his graduation, he found employment with the American firm Burroughs Corporation.
He was instrumental in establishing manufacturing facilities in India, which resulted in the launch of HCL Technologies. Up until 2010, he headed HCL Technologies as its chief executive officer. Nadar has an estimated net worth of $10.8 billion, making him one of the wealthiest individuals in India.
Nadar gave $1 billion to charity and was honoured with multiple honours for his generosity, including India’s second-highest civilian honour, the Padma Vibhushan.
The Carnegie Medal for Philanthropy was awarded to him as well. Kiran, Nadar’s wife, is a major benefactor to organisations in India that work to advance the status of women. This happy couple has three children: two daughters and a son.
Final lines
One of India’s wealthiest individuals is Shiv Nadar. A 2019 estimate places his wealth at $10.8 billion. His IT firm, HCL Technologies, was created by him. He also owns a sizable portion of Hindustan Unilever. In 2010, he gave $1 billion to charity.