Avinash Iyer
moneycontrol.com
We have all seen and enjoyed the 'Mr HCL' ads on television. However, away from the ad world if there is one person who can be called 'Mr HCL', it has to be Shiv Nadar, India's fifth richest man.
Founder of HCL, Nadar's story is one that should serve as a case study for all startups. One of India's tech billionaires, Nadar, whose estimated net worth is $11.1 billion, founded HCL in 1976 as a start up. Over the years, his perseverance, conviction and futuristic outlook, has transformed HCL into a global IT giant.
HCL was founded merely with an investment of Rs 1,87,000. Now the company clocks in annual revenues of nearly $6.4 billion. From developing the first indigenous micro-computer at about the same time as Apple did to selling more PCs in India than any other brand, HCL has achieved a number of milestones under Nadar's leadership.
No doubt he is a billionaire now, however his roots can be traced back to a small village near Tamil Nadu's Thoothukudi district. From there, he went on to do his Electrical and Electronics Engineering from Coimbatore. He then worked at Walchand Group and floated a company called Microcomp, before HCL happened.
His contribution to the IT industry led the Indian government to award him the Padma Bhushan, the country's third largest civilian honour.
Nadar is a member of the Executive Board of the Indian School of Business, Hyderabad. He is also associated with the Public Health Foundation of India and was appointed by the President to head the Board of Governors at IIT Kharagpur.
Apart from being a successful businessman, Nadar's contribution to philanthropy is very noteworthy. It is with this objective that the Shiv Nadar Foundation was created.
The Foundation is committed at bridging the socio-economic divide and it aims to do this by way of creating oppoortunities in the field of education. The Foundation runs 'VidyaGyan' schools in Uttar Pradesh that provide free, world class education to toppers from economically disadvantaged backgrounds.
Nadar is married to Kiran, an art collector and philanthropist herself. His daughter Roshni, who is the CEO of HCL, is also closely associated with the functioning of the Shiv Nadar Foundation.
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