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Business News›Magazines›Panache›Panache People 101›Shiv Nadar
    Shiv Nadar

    Shiv Nadar

    Founder & Chief Strategy Officer, HCL
    Birth DetailsJuly 14, 1945 | Moolaipozhi, Tamil Nadu
    NationalityIndian
    LeagueEntrepreneur
    EducationElectrical Engineer, PSG College of Technology, Coimbatore
    Net Worth$15.8 billion (as of July 19, 2020)
    Shiv Nadar's Assets

    Shiv Nadar's Journey so far...
    • Shiv Nadar completed his engineering in Electricals and Electronics from the PSG College of Technology in Coimbatore after which he shifted to Delhi
    • Hailing from Tamil Nadu's Nadar community, he had a keen sense for business. In 1975, Nadar quit a high-paying job with the Delhi Cloth Mills (DCM), teamed up with six of his colleagues and pooled in Rs 1.87 lakh
    • With this seed capital, they set up a company called Microcomp in a small room that manufactured digital calculators and microprocessors
    • Nicknamed as Magus, the Persian word for a wizard, Nadar and his team acquired a licence from the Uttar Pradesh government to start a computer company; thus Hindustan Computers Limited or HCL was born in August 1976
    • HCL started with manufacturing hardware mainly computers and under the guidance of Nadar, the company expanded into various domains and today is one of India's top software services providers. In the 20 years since its founding HCL entered the Rs 10,000 crore revenue club
    • Over the last four decades, the bearded entrepreneur has guided HCL into a multi-billion dollar tech behemoth with presence in 46 countries and more than 150000 employees. Nadar stepped down as Chairman in July 2020
    • One of the pioneers of India's IT industry, Nadar in 1981 provided the capital to set up NIIT, a company that started a chain of computer training institutes across the nation
    • He played a key role in 2018 when HCL acquired the IP assets of technology major IBM for $1.8 billion
    • Right from an early age, Nadar believed that quality education plays a transformational role and it is this belief that led him to establish a philanthropic arm. In 1994 he set up the Shiv Nadar Foundation with a windfall from HP exiting a joint venture with HCL
    • Over the last decade, Shiv Nadar Foundation's philanthropic initiatives have expanded into the fields of art, education and healthcare. Through this foundation, Nadar has donated over $800 million thereby helping over 30,000 students

    Before you go...
    • Nadar was awarded the Padma Bhushan in 2008 for his pioneering role in India's IT sector and philanthropy
    • In 2015, he launched Project Samuday, under which HCL adopted villages to transform them
    • Shiv married Kiran, an Asian Games medalist and a well-recognised Bridge player; the Nadars have a daughter Roshni. Kiran Nadar is one of India's top art collectors and has set up two museums in Delhi-NCR

    Last Updated: 12/02/2021

    Shiv Nadar News

    • Maharashtra legislative council elections feature candidates from 288-member assembly, with BJP, NCP, and Congress contesting. Sharad Pawar-led NCP holds 10 MLAs in opposition. The ruling alliance Mahayuti and opposition Maha Vikas Aghadi have candidates vying for the 11 seats.
    • Shiv Sena MLA Pratap Sarnaik criticized a Mumbai college for its dress code banning jeans, T-shirts, and revealing outfits, labeling it a "Talibani fatwa." The college, N G Acharya and D K Marathe, issued the notice after previously imposing a dress code that was challenged in court. Sarnaik called for action against the college authorities.
    • Shiv Sena (UBT) chief Uddhav Thackeray criticised the suspension of Leader of Opposition in Maharashtra legislative council, Ambadas Danve, calling it a one-sided, pre-planned conspiracy. Thackeray questioned the lack of opportunity for Danve to present his side and demanded action against BJP and Shiv Sena leaders for similar remarks.
    • WATCH | Maharashtra: On Congress MP Rahul Gandhi's speech, Shiv Sena (UBT) chief Uddhav Thackeray says, "Tell me what wrong did he say? Where did he insult (Hinduism)? He was not allowed to show the picture of Lord Shiva, is this Hindutva? We also raise slogans of Jai Shri Ram. The Prime Minister openly says Jai Shri Ram in election rallies. But if someone other than BJP says it in the Parliament, is it a crime? I do not believe that Rahul Gandhi insulted Hindutva yesterday. He said in clear words that BJP does not mean Hindutva. We are also Hindus and none of us will insult Hindutva and will not tolerate insult to Hindutva, and Rahul ji is also included in that. BJP does not mean Hindutva, our Hindutva is sacred..."Uddhav Thackeray defends Rahul Gandhi, says 'BJP does not have monopoly on Hinduism'
    • The Maharashtra legislative council suspended Leader of Opposition Ambadas Danve for five days for using abusive language towards BJP legislator Prasad Lad during a session. The suspension motion was passed after repeated adjournments and protests, citing Danve's behavior as damaging to the council's dignity and warranting disciplinary action.
    • After Rahul Gandhi's contentious remarks in Parliament were expunged, RJD leader Manoj Jha emphasized that while Parliament can erase records, the impact remains in people's memories. Gandhi's speech, accusing the BJP and RSS of promoting violence, led to protests and accusations of misrepresentation from the ruling NDA. Despite backlash, Gandhi defended his comments, distinguishing between BJP-RSS and the broader Hindu community.
    • After Rahul Gandhi's remarks in Parliament sparked political turmoil, Shiv Sena leader Priyanka Chaturvedi criticized the distortion of his statements, clarifying that he referred specifically to those who misuse Hindu identity for political gain, distinguishing this from genuine faith. She emphasized Gandhi's intention to differentiate between BJP-RSS and the broader Hindu community.
    • Falling in line with Rahul Gandhi's remarks, the Shiv Sena (UBT) leader further added that the former said in the Parliament that 'Hindutva' is a much wider term. "He did not say anything wrong about the Hindus. Those who consider themselves Hindus should hear again that Rahul Gandhiji had said that 'Hindutva' is a much wider term and the Bharatiya Janata Party (BJP) won't understand this", he said.
    • The Shiv Sena and the Nationalist Congress Party (NCP)-Ajit Pawar MPs congratulated Narendra Modi on taking the oath as Prime Minister for a third consecutive term following the Lok Sabha polls. Taking to 'X', PM Modi wrote, "Had a great meeting with Shiv Sena MPs. Ours is not a political alliance--it is a time-tested friendship, bound together by common ideals and a shared vision for India's development."
    • Union minister Chirag Paswan criticised Rahul Gandhi for opposing devotees of Lord Shiva in his anti-government stance, accusing him of lowering the dignity of the leader of opposition role. Paswan, a follower of Lord Shiva, condemned Gandhi's actions in the Lok Sabha. He questionied the authenticity of his faith and statements against the government. Paswan emphasised the importance of maintaining respect and integrity in political discourse.
    • The Maharashtra government, led by state Minister Uday Samant, will introduce a new policy on hoardings in the Mumbai Metropolitan Region following a recent tragic incident where 17 individuals lost their lives due to a hoarding collapse in Ghatkopar. The policy will be revealed after the legislative council poll results, with a committee headed by former Allahabad High Court chief justice Dilip Bhosle investigating the incident.
    • He began by saying that in his childhood he wanted to be like Dhirubhai Ambani but was "very mischievous" and used to "steal money to smoke beedis till he collapsed" and all that was when he was in the "fourth standard". Shivtare's speech has raised a lot of eyebrows and it joins a long list of gaffes by Shiv Sena leaders.
    • Maharashtra Chief Minister Eknath Shinde announced the 'Mukhyamantri Teerth Darshan Yojana' on Saturday, a pilgrimage scheme aimed at senior citizens of all religions. The scheme is intended to assist elderly individuals who face challenges in visiting pilgrimage sites due to financial constraints, lack of companionship, or other limitations. Shinde made this announcement while responding to a calling attention notice raised by Shiv Sena MLA Pratap Sarnaik in the state legislative assembly.
    • RS Dy Chairman Harivansh Narayan Singh was involved in a heated exchange with Shiv Sena (UBT) MP Priyanka Chaturvedi in the Rajya Sabha on June 28 during BJP leader Sudhanshu Trivedi's address over a point of order. Heated exchange between Priyanka Chaturvedi, RS Dy Chairman Harivansh over Trivedi’s speech; watch!
    • After the Lok Sabha polls, the Mahayuti alliance is strategizing for the upcoming assembly polls, focusing on a populist budget. With the MVA combine's strong performance, a challenging political landscape lies ahead for the ruling alliance in Maharashtra.
    • President Droupadi Murmu addressed a joint sitting of Parliament today, this is her first presidential address after the formation of NDA govt. "This is no longer a Presidential address, this has been the Modi address since 10 years. Whatever Modi wants will come out in her speech. It is a minority government, Modi has already lost the majority, but there is no mention of it. Even after 50 years, they are talking about an Emergency, there has been an Emergency in this country for 10 years, remove that," Shiv Sena (UBT) MP Sanjay Raut said on President Droupadi Murmu's address.Sanjay Raut says Emergency in the country for last 10 years; calls Presidential address as 'Modi address'
    • As the second session of the 18th Lok Sabha commenced on June 25, leaders took oath for Member of Parliament. While Shiv Sena (UBT) leader Aashtikar Patil Nagesh Bapurao was taking the oath, a Pro-tem Speaker stopped him in between and asked him to retake the oath. This act by the pro-tem speaker came after the Shiv Seba (UBT) leader read the oath wrongly. Watch the whole sequence.Pro-tem Speaker schools SS(UBT) leader Nagesh Bapurao, asks to retake oath after initial flub
    • In the lead-up to assembly elections, Shiv Sena (UBT) MLC Anil Parab proposed a bill mandating 50% housing quotas for Marathi speakers in new Mumbai projects. Pending approval, it suggests penalties for non-compliance. Legal experts doubt its constitutionality, citing past court rulings against similar quotas. The bill may be introduced this Thursday.
    • Shiv Sena (UBT) leader Anil Parab demands 50% reservation for Marathi-speaking people in new Mumbai residential projects due to declining population.
    • Maharashtra CM Eknath Shinde compared Maha Vikas Aghadi's 30 Lok Sabha wins to Mahayuti's similar vote share. He defended Shiv Sena's performance against criticism, highlighting developmental projects in Bhandara.
    • Shiv Sena (UBT) leader Sanjay Raut stated that seat-sharing discussions among the Maha Vikas Aghadi (MVA) allies for the upcoming Maharashtra assembly polls have not started yet. Raut emphasized that all parties within the MVA, including NCP (SP) and Congress, are equal stakeholders. He noted that despite the NCP (SP) having the highest strike rate in the Lok Sabha polls, the Shiv Sena (UBT) was heavily targeted by the opposition, which impacted its performance. Raut reassured that there will be ample seats for all parties to contest comfortably.
    • The Maharashtra BJP unit met for a marathon session to plan strategy for the upcoming state assembly elections, focusing on campaign tactics and finalising plans during the five-hour meeting. With the state assembly elections expected in October, the BJP aims to recover from its decreased Lok Sabha seat count in Maharashtra. Core committee members, including Union Minister Piyush Goyal and state leaders, discussed the preliminary election blueprint during the meeting.
    • "Due to this incident, some serious concerns have been further raised about the transparency in the electoral process," Shah's plea said. It alleged certain close associates of Waikar, including his daughter, were present in the control room of the polling centre and were using their mobile phones, which is not permitted. ​​The petition, which also sought for HC to call for the CCTV footage of the polling centre, will come up for hearing in due course of time.
    • The biennial elections to 11 seats in the Maharashtra legislative council from the MLA quota will be a crucial test for the ruling Mahayuti and the opposition Maha Vikas Aghadi (MVA) ahead of the assembly elections, with nominations opening on June 25 and the elections scheduled for July 12.
    • Shiv Sena (UBT) leader Aaditya Thackeray called for transparency in the MH-CET engineering exams, demanding that students be shown their answer sheets and marks, and for toppers to be announced. He criticised the alleged irregularities in the exam, citing mistakes in papers and incorrect percentile calculations. Thackeray accused the government of jeopardising students' futures and questioned the conduct of the exam agency chief.
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