Don’t miss the latest developments in business and finance.

image

Shiv Nadar

About Shiv Nadar

Facebook IconLinkedIN Icon

Who is Shiv Nadar?

Shiv Nadar is an Indian industrialist tycoon and philanthropist who is a former chairman and co-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

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

FY22 guidance update, outlook on ER&D and products business, deal TCVs and pipeline, and recent acquisitions are some of the key monitorables

Updated On: 22 Apr 2021 | 11:49 AM IST

Hurun Global Rich List 2021: Country-wise, China leads with the most number of billionaires at 1058, followed by the US (696), India (177), Germany, the United Kingdom and Switzerland at over 100 each

Updated On: 03 Mar 2021 | 12:38 AM IST

Ramdev, partner see biggest jump in wealth in percentage terms

Updated On: 26 Dec 2020 | 6:10 AM IST

First private university to be legislated in Tamil Nadu after 90 Years to start admissions by mid-2021

Updated On: 29 Oct 2020 | 4:51 PM IST

With a global health crisis raging, listed pharma entrepreneurs fared well while those with interests in real estate suffered

Updated On: 08 Oct 2020 | 10:01 AM IST

Analysts expect in the coming years, the Indian rich list to be dominated by new age companies as the Corona pandemic has made adoption of latest, cutting age technology inevitable

Updated On: 06 Oct 2020 | 10:13 PM IST

Shiv Nadar University Vice Chancellor Rupamanjari Ghosh said the SDC's emphasis is on fostering research and innovation to develop real-life, sustainable solutions of 21st century

Updated On: 04 Oct 2020 | 6:30 PM IST