Shiv nadarhcl


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Shiv nadarhcl

  1. 1. Shiv Nadar From Wikipedia, the free encyclopedia Shiv Nadar Born 14 July 1945 (age 68)[1] Thoothukudi, Tamil Nadu, India Residence Delhi, Chennai Nationality Indian Alma mater PSG College of Technology, The American College in Madurai Occupation Founder and chairman of the HCL Founder of SSN Trust Net worth $6.2 billion (2012)[2] Spouse(s) KiranNadar Children RoshniNadar Parents SivasubramaniyanNadar Vamasundari Devi Dr. Shiv Nadar (born 14 July 1945) is an Indian industrialist and philanthropist. He is the founder and chairman of HCL and the Shiv Nadar Foundation. As of 2012, his personal wealth is US$ 6.2 billion. Nadar founded HCL in the mid-1970s and transformed the IT hardware company into an IT Enterprise over the next three decades by constantly reinventing his company's focus. In 2008, Nadar was awarded Padma Bhushan for his efforts in the IT industry. Nadar, nicknamed by friends as Magus (Old Persian for Wizard),[3] since mid-1990s has focused his efforts in developing the educational system of India through the Shiv Nadar Foundation.[4] Contents
  2. 2. [hide] 1 Early life 2 Career 3 Focus on education and healthcare 4 Awards and accolades 5 References 6 External links Early life[edit source | editbeta] Nadar was born in 1945 in Moolaipozhi village, about 10 kilometres (6.2 mi) from Tiruchendur in Thoothukudi district, Tamil Nadu, India. His parents were SivasubramaniyaNadar and Vamasundari Devi.[5] His mother, Vamasundari Devi and S. P. Adithanar, founder of Dina Thanthi were siblings. He was a student of Town Higher Secondary School, Kumbakonam.[6] Nadar received a pre-University degree in The American College, Madurai and degree in Electrical And Electronics Engineering from PSG College of Technology, Coimbatore. He began his career at Walchand group's Cooper Engineering in Pune in 1967.[7] Career[edit source | editbeta] Along with AjaiChowdhry (Ex-Chairman, HCL Infosystems), ArjunMalhotra (CEO and Chairman, Headstrong), SubhashArora, YogeshVaidya, S. Raman, MahendraPratap and DS Puri,[8]initially Nadar started Microcomp to sell teledigital calculators in the Indian market.[9][10] HCL was founded later in 1976 with an investment of Rs 187,000.[11] In 1980, HCL ventured into the international market with the opening of Far East Computers in Singapore to sell IT hardware. The venture reported Rs 1 million revenue in the first year and continued to address the Singapore operations.[12] Nadar remained the largest shareholder without retaining any management control. Focus on education and healthcare[edit source | editbeta] In 1996, Nadar founded SSN College of Engineering in Chennai, Tamil Nadu in the name of his father, SivasubramaniyaNadar. Nadar takes active role in the college activities including gifting of Rs. 1 million worth of HCL shares to the college.[13] In 2006, Nadar announced that the college will promote research apart from ensuring that students benefit from foreign university tie-ups.[14]Nadar joined the Executive Board of Indian School of Business in 2005.[15] In March 2008, Nadar's SSN Trust announced setting up of two Vidyagyan schools in UP for rural students where free scholarship will be provided for 200 students from 50 districts of Uttar Pradesh.[16] Awards and accolades[edit source | editbeta]
  3. 3. In 2008, Government of India awarded Nadar with Padma Bhushan, the third highest civilian award, for his contribution to IT industry.[17] In 2007, Madras University awarded him honorary doctorate degree (D Sc) for his contributions in promoting software technology.[18] Nadar was also recognised as E&Y Entrepreneur of the Year 2007 (Services).[19] References[edit source | editbeta] 1. Jump up^ Sharma, Vishwamitra (2003). Famous Indians of the 20th century. New Delhi: PustakMahal. p. 220. ISBN 81-223-0829-5. 2. Jump up^ Shiv Nadar topic page. Retrieved September 2010. 3. Jump up^ ArvindPadmanabham. "Shiv Nadar completes 25 years of success". Rediff. Retrieved 26 March 2008. 4. Jump up^ Vijay (2011-09-15). "Shiv Nadar Foundation forays into elementary education". Retrieved 2011-12-06. 5. Jump up^ VikasPota. India Inc: how India's top ten entrepreneurs are winning globally. Nicholas Brealey Publishing, 2009. p. 179. ISBN 1-85788-524-4. 6. Jump up^ "Prominant Students of Our School". Retrieved July 19, 2012. 7. Jump up^ Harish Damodharan (16 September 2008). India's New Capitalists: Caste, Business, and Industry in a Modern Nation. Palgrave Macmillan. p. 191. ISBN 978-0-230-20507-9. 8. Jump up^ "Wanna be a CEO? Join HCL". Indiatimes. 15 April 2005. Retrieved 3 April 2008. 9. Jump up^ "The amazing story of the birth of HCL". Moneycontrol. 9 June 2007. Retrieved 26 March 2008. 10. Jump up^ "HCL Group: The M&A Year". DQ Group. 25 July 2002. Retrieved 26 March 2008. 11. Jump up^ "HCL GROUP – The Change Agents". DQ India. Retrieved 26 March 20 2. HCL Technologies Limited (HCL) (BSE: 532281, NSE: HCLTECH) is a global IT services company. It made its IPO in 1999 offers services including software-led IT solutions, remote infrastructure management, engineering and R&D services, and business process outsourcing (BPO). HCL has offices in 31 countries and 90,000 employees. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 6.3 bn as on 14th September, 2013. 3. Acquisitions and Joint Ventures[edit] 4. The company acquired Capital stream, a US BFSI product company for US$40 million in February 2008. Capital stream's Finance Center product is an obligation to HCL's current product addressing the BFSI market - Pen stock, the product that HCL has launched in 2007. HCL sold its product Capital steam to French applications software provider Line data for a consideration of [1] $45 million in Feb 2013. 5. On 15 December 2008, HCLT acquired the UK based AXON Group for US$658 million, which was renamed HCL Axon.
  4. 4. Currentstatus: Today, HCL sells more PCs in India than any other brand, runs Northern Ireland's largest BPO operation, and manages the network for Asia's largest stock exchange network apart from designing zero visibility landing systems to land the world's most popular airplane. And this it does across 31 countries and across 505 points of presence in India. LEADERSHI P ALSO SEE Select another leader Shiv Nadar On Recession's Effect on IT - Click here to see the video Shiv Nadar was born and raised in mofussil Tamil Nadu, in an India awakening to its first Prime Minister, Jawaharlal Nehru‟s “Tryst with Destiny”. Studying his way through the Indian schooling and graduate system, a scholastically-gifted Nadar confronted both the harsh realities and the opportunities of a struggling Indian state before he saw his first big town, Chennai, at the age of 21. His story is both a reflection of the times he lived in as well as the future that he always dreamt of shaping. On Satyam's Lasting Impact Founder & Chairman HCL, Shiv Nadar Foundation Nadar was part of the elite DCM management trainee system where he met several of the people with whom he was soon to impact an entire industry as a pioneer of modern computing. In 1976, eight young men left DCM to create HCL in a Delhi Barsati “akin to a garage startup” with a compelling vision – that the microprocessor would change the world. Click here to see the video Shiv Nadar among Forbes 48 Heroes of Philanthropy - Read More. Shiv Nadar receives the Padma Bhushan - Complete Report. Interview of Shiv Nadar with CNN for Talk Asia program Click here to see the video Exclusive Interview of Shiv Nadar for Times Now 10th Aug 06 Click here to see the video
  5. 5. Interview of Shiv Nadar with CNN for Talk Asia program Click here to see the video A visionary, Nadar made HCL an engine of invention turning dreams into reality. HCL, under Nadar‟s leadership, revolutionized Indian technology and product innovation with many world firsts to its credit – the first 8-bit microprocessor-based computer in 1978, the first Relational Database Management System in 1983 before some of its global peers, client- server architecture in 1984, world‟s first fine-grained multi-processor UNIX installation in 1989, among others. A pioneer in Remote Infrastructure Management, HCL was instrumental in implementing and managing the infrastructure backbone of one of India‟s tallest financial institutions – the National Stock Exchange. HCL played a key role in supporting India‟s telecom revolution through the creation of the largest mobile distribution network with Nokia. HCL Technologies, which spun out of HCL‟s R&D unit, is currently a top IT services company in India and a global leader in Engineering & R&D Services with a game changing business model. Nadar has made daring forays based on his conviction of the future. HCL created several valuable Joint Ventures and alliances with marquee partners such as Hewlett Packard, Cisco, Perot Systems, Deutsche Bank and Toshiba among others, to emerge as a global technology enterprise. In the last three decades, HCL has evolved into a $6.3-billion global enterprise with over 100,000 professionals from 102 diverse nationalities, and addresses customers in 70 countries, including over 500 points of presence in India. In 1994, Nadar established what he believed was closest to his heart - the philanthropic Shiv Nadar Foundation and created its first initiative in Chennai, the SSN Institutions, that is a top ranked engineering college. Today the Foundation is a significant driver of social change and transformational education through its landmark institutions spanning the entire education spectrum from schools to universities. VidyaGyan, an innovation in school education, reaches out to the „top of the bottom of the pyramid‟ and creates leaders from across the cross-section of the society. A young and a unique research-led interdisciplinary university, the Shiv Nadar University has been identified as India‟s first Ivy League institution. In recognition of his pioneering role in business and philanthropy in India and across the globe, Nadar has received several honours and accolades, notable being the Padma Bhushan from the President of India. Shiv Nadar often says that he is a product of education. He is restless, passionate and a creative institution builder who also likes to quote Andy Grove by stating “Only the Paranoid Survive”. Nadar stays in Delhi with his wife Kiran. KiranNadar, an internationally renowned bridge player and an avid art collector, has established the iconic KiranNadar Museum of Art, India‟s largest private philanthropic art museum. chevement: Chief Executive Officer of Hindustan Computers Limited (HCL), India's largest infotech conglomerate Shiv Nadar is the Chief Executive Officer of Hindustan Computers Limited (HCL), India's largest infotech conglomerate. He figures in the Forbes list of Indian billionaires. Originally hailing from MoolaipozhiVillage,Trichendur,Tutocorin District, Tamil Nadu, Shiv Nadar moved to Delhi in 1968. He worked as an engineer with DCM Ltd. But the entrepreneur in Shiv Nadar wanted to set up his own business. Therefore, he along with six of his colleagues launched a firm making office products like copiers. In late 1970s, when IBM quit India, Shiv Nadar's HCL stepped in to fill the vacuum. In 1982, HCL came out with its first computer. Today, HCL derives 80% of its revenue from computers and office equipment. HCL has also been spreading its global reach. Its Singapore subsidiary, Far East Computers, achieved a breakthrough in imaging technology, which, among other applications, enables computers to read handwritten tax returns.
  6. 6. HCL has adopted innovative practices to achieve growth. In the U.S, a software subsidiary, HCL America, has reaped huge dividends by taking advantage of global time zones. Every morning, the company's Chennai office receives software assignments from the U.S, just after work stops there for the night. A team of Indian engineers, with salaries much lower than those of their American counterparts, complete the jobs and send them back in the evening