what is Shiv Nadar net worth?
|Net worth||$27 billion|
|Date of birth||14 July 1945|
|Full name||Shiv Nadar|
|Occupation||industrialist and philanthropist|
Shiv Nadar net worth and Biography
Shiv Nadar net worth 2023 We bring you exciting facts about the life, career, and net worth of one of India’s top billionaires.
Shiv Nadar, who is fondly called magus (meaning “wizard” in Persian language) is an Indian billionaire and also the founder of HCL Technologies. HCL is an Information Technology hardware company that has been transformed and restructured by Shiv Nadar for many years and has recorded immense success and progress over the years. He is also the founder of Shiv Nadar Foundation which aims at enhancing the level of education in India.
Shiv Nadar is a recipient of Padma Bhushan award by the Indian Government.
Shiv Nadar Net Worth
Shiv Nadar net worth is $26 billion. He is one of the top richest men in India. He is the founder and chairman Emeritus of HCL Technologies Limited and the Shiv Nadar Foundation. 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.
Shiv Nadar Profile
Net worth: $25.3 billion
Full Name: Shiv Nadar
Date of Birth: July 14, 1945
Place of Birth: Moolaipozhi, Thoothukudi, Tamil Nadu, India
Occupation: Founder of HCL Technologies, Founder of SSN College of Engineering, Founder of Shiv Nadar University.
Marital Status: Married
Shiv Nadar was born Sivasubramaniya Nadar (father), and Vamasundari Devi (mother) on July 14, 1945 in Moolaipozhi, Thoothukudi, Tamil Nadu, India. He got his Secondary education at Town Higher Secondary school, Kumbakonam before moving to Elango Corporation Higher Secondary School in Madurai. He has a degree in Electrical and Electronics Engineering which he obtained from PSG College of Technology, Coimbatore.
Shiv Nadar’s career began at Cooper Engineering Ltd. In Pune, 1967. He later resigned to start his own company in partnership with some friends and colleagues. Some of his partners were Arjun Malhotra (Chairman of Headstrong), Yogesh Vaidya, Mahendra Pratrap, Ajai Chowdrhry (Former chairman, HCL) and DS Puri. The company is called Microcomp, which focuses on the sales of Tele digital calculators in the market of India.
In 1976, Nadar-owned HCL was founded. The company later opened East Computers in Singapore where it majored in the sales of IT hardware in the international market. Without retaining any management control, Shiv Nadar still holds the largest shares in the company.
Shiv Nadar later stepped down as the Chairman of HCL Technologies, for his daughter Roshni Nadar, who took over as the new Chair person of HCL Technologies in 2020. By this appointment, Roshni became the first woman to lead a listed Indian IT Company as a Chairperson. Later in 2021,precisely on the 19th of July, Nadar also Stepped down as the Managing Director of HCL Technologies and was taken over by CVijay Kumar who was appointed the new Managing Director of HCL Technologies for 5 years, by the board of the company.
Shiv Nadar like most of his contemporaries, loves to give back to humanity through certain humanitarian movements. One way he did this was by improving the level of education in India through the establishment of SSN College Of Engineering in Chennai, Tamil Nadu. This college was established in his father’s name, Sivasubramaniya Nadar. Nadar was actively involved in college’s activities by donating HCL shares worth Rs. 1 million to the college.
Shiv Nadar, in 2006 announced that the college will promote research apart from making sure of the fact that the college students are beneficiaries of foreign universities tie-up. He also joined the executive board of Indian School OF Business in 2005. Shiv Nadar, through his SSN Trust, announced that two Vidyagyan Schools in UP were setup for students in the rural areas where free scholarships will be given to 300 students from 50 districts of Uttar Predesh. He served as chairman of the board of governors, Indian Institute of Technology Kharagpur (IIT Kharagpur or IIT-KGP), a technical institute until 2014
For his immense contribution to the development of Indian education and Healthcare facilities, Shiv Nadar surely deserved an award. Below are a list of his awards,
- Shiv Nadar was presented with an honorary doctorate degree by Madras University in 2007. He was also recognized as the E&Y Entrepreneur of the year.
- In 2011 he was counted amongst Forbes’ 48 Heroes of Philanthropy in Asia Pacific
- According to Indian Today magazine, Shiv Nadar ranked number 16 on the list of 50 most powerful people in India as of 2017.
- He was also presented with the title Padma Bhushan by the Indian Government in 2008.
Shiv Nadar is married to his lovely wife who bore him a daughter by name Roshni Nadar, who is the current chairman of HCL Technologies.
Shiv Nadar Net Worth Summary
What is Shiv Nadar business?
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.
Is Shiv Nadar University a good college?
the very good quality of teaching is very good and the faculty at shiv Nadar are are PhD graduated from top iits in india. the curriculum at shiv Nadar is updated and very different .