Shiv Nadar
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Following above you will read today success story of Mr.Shiv Nadar:
Acknowledged as a visionary in the field of IT sector, Shiv Nadar, Chairman and Chief Strategy Officer of HCL Technologies is the only Indian to establish computer systems industry in India. Born in 1946 in the Nadir community in Tamil Nadu, he completed his graduation in Electrical and Electronics Engineering from PSG College of Technology, Coimbatore.
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He kick started his career as an engineer in DCM’s calculator division. He along with his existing board members started Micro comp to sell teledigital calculators under the brand name ‘Televista’. Fondly known as ‘Magus’ (Old Persian for wizard) among his friends he transformed HCL, at a time when India had a total of 250 computers, into one of the top most firms creating computers and office equipments. Seeing the vacuum created by IBM in the Indian market, Nadar founded HCL in 1976 and transformed the IT hardware company into an IT Enterprise over the next three decades by constantly reinventing his company's focus.
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HCL was established with an initial investment of Rs 187,000 and subsumed the Uttar Pradesh government as a 26% equity partner. With a team of six members which passionately believed in the future of IT industry, Nadar started making computers in his garage and HCL came out with its first PC in 1982. From designing India's first PC at the same time as global IT peers in 1978; to working on the Boeing Dreamliner's Flight Management Systems now, HCL has stayed a true Pioneer of Modern Computing.
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Nadar later consolidated his business into 5 entities namely HCL Technologies (global IT service company), HCL Infosystems (Indian IT hardware leader), HCL comnet (network services company), HCL Perot (IT applications) and NIIT (education services). By 2004 the number of companies in HCL was consolidated from five to two - HCL Technologies and HCL Infosystems.
The HCL team comprises over 80,000 professionals of diverse nationalities, who operate from 31 countries including over 500 points of presence in India. It has global tie-ups with several leading Fortune 1000 firms, including leading IT and Technology firms. Its Singapore subsidiary, Far East Computers, recently achieved a breakthrough in imaging technology, which, among other applications, enables computers to read handwritten tax returns.
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Albeit a more recent entrant in the software services space, HCL is already among the top Indian IT software majors and a force to reckon with for global technology giants. HCL's range of offerings spans Product Engineering, Custom & Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration along with distribution of ICT (Information Communications Technology) products. Now over 80% of HCL's revenues are from computers and office equipment. In 2007, Nadar passed the mantle of CEO of HCL Technologies to Vineet Nayar though he remains the Chairman of HCL Technologies and its largest shareholder.
In 2009, Forbes Magazine featured him in its list of ‘48 Heroes of Philanthropy’ in the Asia Pacific region with personal wealth of USD 5.6 billion. In 2005 he received the ‘CNBC Business Excellence’ award from the Prime Minister of India. He was conferred the Padma Bhushan for his contribution to trade & industry and for his deep commitment to public life.
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A hardcore philanthropist, Nadar at the age of 53 quietly continues to support many critical social causes through the Shiv Nadar Foundation that focuses on elevating the educational system of India. It has established the not-for-profit SSN College of Engineering in Chennai, which is today among the top ten private engineering colleges in India. Recently, it has opened Shiv Nadar University in Greater Noida to offer undergraduate, postgraduate and professional degrees across a number of disciplines. He is also building "VidyaGyan" public schools in Uttar Pradesh that will provide free, world class education to rural children from economically disadvantaged backgrounds.
With success knowing no limits, Nadar attributes his fame to teamwork and the entrepreneurial spirit, which together have enabled to transform risks into opportunities to handle the ever changing environments and technologies.
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