However, today his $10.2 billion (revenue) HCL Technologies is among India’s largest software services providers. In July 2020, he stepped down as chairman of HCL Technologies, handing over the position to his daughter, Roshni Nadar Malhotra. And has now become the chairman of emeritus. HCL Technologies, which employs 169,000 people in 50 countries worldwide, hires high school grads and trains them on the job. One of India’s leading philanthropists, Nadar, has donated $662 million to his Shiv Nadar Foundation, which backs education-related causes.
Shiv Nadar Net Worth
Shiv Nadar Current Net Worth is estimated to be around $28.7 Billion (USD 2,870 Crores) (Rs. 2.09 Lakhs Crores). Shiv Nadar controls 60 per cent of Indian software developers HCL Technologies with his family. The family also owns 50 per cent of computer maker and services business HCL Infosystems. Although he is the company chairman, he is credited all his to his family’s shares. The Nadar family also owns several paintings valued at over $85 million, and his wife operates the Kiran Nadar Museum of Art in New Delhi.
His income model:
Net worth statistics
March 2011 – $5.6 BMarch 2012 – $5.0 BMarch 2013 – $6.5 BMarch 2014 – $11.1 BMarch 2015 – $14.8 BMarch 2016 – $11.1 BMarch 2017 – $12.3 BMarch 2018 – $14.6 BMarch 2019 – $14.6 BApril 2020 – $11.9 B
Shiv Nadar Biography
Shiv Nadar is an Indian billionaire industrialist, founder and chairman Emeritus of HCL Technologies Limited and the Shiv Nadar Foundation. He was born in 1945 in Moolaipozhi Village, in Thoothukudi district, Tamil Nadu, India. He belongs to an upper-middle-class family. His father was Sivasubramaniya Nadar, and his mother Vamasundari Devi was the sister of S. P. Adithanar, founder of Dina Thanthi newspaper. He completed his schooling at Town Higher Secondary School, Kumbakonam. Later he got admitted into Elango Corporation Higher Secondary School, Madurai. In June 1995, he was admitted into the 6th class and continued schooling until June 1997, in Town High School. Later for his high education, he had joined St. Joseph Boys Higher Secondary School, Trichy. He has collected a degree in Electrical Engineering from PSG College of Technology, Coimbatore, and a pre-university degree in the American College, Madurai. Nadar got married to Kiran Nadar, an art collector and have a daughter with her. His daughter, Roshni Nadar, is currently handling and overseeing HCL Technologies Limited as the company’s chairperson.
Milestones
1945 Shiv Nadar is born in a village in Tamil Nadu, India.1976 Creates Hindustan Computers, investing $20,000 with partners.1978 Starts selling micro-computers after IBM leaves India.1994 Establishes Shiv Nadar Foundation, focusing on education.1999 HCL Technologies raises $170 million in an initial public offering.2008 Acquires the U.K.’s Axon Group for about $600 million.2009 Starts VidyaGyan, providing free education to top rural students.2009 Daughter, Roshni, becomes CEO of holding company HCL Corp.2010 Sells 2.5 percent of HCL Technologies for philanthropic donation.2016 HCL Technologies acquires Volvo’s external IT business.
Shiv Nadar Career
Shiv Nadar began his career in 1967 when he founded HCL in a garage to make calculators and microprocessors. To develop his company further, he renovated his IT enterprise from the IT hardware corporation in 3 decades. Many people supported business tycoon shiv; they were his friends S. Raman, Subhash Arora, DS Puri, Yogesh Vaidya, and Mahendra Pratap, Ajai Chowdhry, the Ex-Chairman of HCL and last but not the least, Arjun Malhotra (CEO and Chairman, Headstrong) In 1980, HCL wagered and entered the worldwide market with their Far East computers in Singapore to sell IT hardware. In the same year, the company earned a revenue of Rs. 1 million while handling its operations in Singapore. Currently, HCL company has over 150,000 employees in 49 countries across the world. At the same time, Nadar remains the biggest shareholder of HCL without any management control.Since the mid-1990s, Nadar has tried to focus on setting up the educational structure of India through his foundation Shiv Nadar Foundation. In 1996, Nadar had established the SSN College of Engineering in Chennai, Tamil Nadu, for students’ future development. Nadar also endowed Rs. 1 million value of HCL shares to the college in his father’s name. In 2006, Nadar declared that the college would promote research and ensure that students benefit from foreign university tie-ups. In 2005, he joined the administrative committee of the Indian School of Business. Until 2014, Nadar has served as the director of the leading group of governors, the Indian Institute of Technology Kharagpur (IIT Kharagpur), a technical institution. In 2008, Nadar was awarded the Padma Bhushan for his successful endeavour in the IT industry. Today, HCL is India’s third-biggest software services supplier by market cap and a $9.9 billion revenue-generating company. Recommended Articles
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