Shiv Nadar Biography and HCL Story: Shiv Nadar, tired of the many corporate jobs today, felt the same way in 1976. But unlike many, he built a billion dollar empire. Today Shiv Nadar is a billionaire, and his company HCL Technologies It is one of the top IT companies in India.
In this article, we take a look at a story of how they pioneered Indian computing even before the Indian economy made its mark in the global eye. Keep reading to find out.
Part 1: Early Life of Shiv Nadar
Let us begin the biography of Shiv Nadar, first looking at his early life. Shiv Nadar was born on 14 July 1945 in Moolipozhi, Tamil Nadu. He graduated from PSG College of Technology with a degree in Electrical and Electronics Engineering. Thanks to his talent he was called ‘Magus’ among his friends which translates as magician in ancient Persian.
Unknown to many, he is the nephew of SP Adithanar, the founder of Dina Thanthi, a Tamil daily newspaper. He is also the cousin of Tamil romance novelist Ramanichandran. You can already see that success already runs somewhat in his family.
Part 2: Early Career of Shiv Nadar
Shiv Nadar started his career at the College of Engineering Pune (COEP) in 1967 and went on to work at Cooper Engineering Company before securing another job in the Delhi Cloth Mills Digital Products Division. DCM was then the fourth largest company in India.
It was here that Shiv Nadar finally realized that a worldly corporate life was not for him. During lunch, the crisis spread to five of his colleagues, who also worked in the calculator division of DCM. Tired of Shiv Nadar, all 6 decide to quit their well paying job and build something for themselves.
In 1975, Shiv Nadar joined Ajay Choudhary, Arjun Malhotra, DS Puri, Subhash Arora, Yogesh Vaidya, Mahendra Pratap and S. Raman started a company called “Microcomp Ltd”. They built tele-digital calculators and other office products such as Televista. Shiv Nadar was the largest shareholder of the company.
But the team working in Shiva’s garage actually dreamed of getting into computer production. This was visionary as there were only 250 computers in India then. Although he started by manufacturing digital calculators, it was to fulfill his big dreams. But like any other startup, they still faced lack of funds.
Part 3: How HCL Technologies was established?
lucky for them The Uttar Pradesh government at that time was encouraging entrepreneurs to venture into the IT sector. Shiv Nadar shared his idea UP Electronic Corporation, a public company. Impressed, the UP government decided to invest To hold a 26% stake in the company. This gave him an additional capital of 20 lakhs.
it was one of the first Public-Private Partnership (PPP). However, he was suggested to change the name of Uttar Pradesh Computer Limited. However, Shiv Nadar named the company Hindustan Computers Limited (HCL) because of its nationwide resonance. Being partly held by a government entity allowed them to do so.
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The country has seen a lot of upheaval during this period. Ultimately the BJP came to power defeating Indira Gandhi. And one of his first reforms was to ensure that foreign companies reduced their holdings within the country. This caused companies such as IBM and Coco-Cola to leave the country. With IBM leaving the country, a vacuum was left in the country’s IT industry. Nadar recognized this and set out to make the best use of the situation.
In 1978, HCL built the first personal computer in Nadar’s garage. He introduced the first PC called HCL Workhorse to Indian buyers in 1983.
Part 4: Of HCl Expanding and Developing Talent in Singapore
In 1979, HCL was already looking to venture globally. He got an opportunity in Singapore and set up the computers of the Far East. HCL Rs. The new venture was quite successful, achieving sales of Rs 3 crore at that time. 10 lakh in the first year.
During this period, Nadar noticed that there is a dearth of young trained candidates ready to take up jobs in this sector in India. Instead of looking elsewhere and only exe . to depend onSting experience, he helped Rajendra S Pawar, Vijay K Thadani and P Rajendran set up an institute for the purpose. With the help of investment from Nadar, NIIT (National Institute of Information Technology) was established in 1981.
In 1984, the Indian government changed its stance on imports of technology and computers. Nadar took advantage of this opportunity. The founders flew around the world to bring back the PC, which they took apart and studied in an attempt to make their own. Soon HCL Busybee was released in 1985 which was the first multi-processor version of Unix. HCL Beat Sun Microsystems and HP made systems 3 years ahead of themselves.
Part 5: Of HCl offshore dreams
Like many others, Shiv Nadar also dreamed of expanding globally. But he dreamed of making it big in America. In 1989, HCL ventured into American computer hardware market. This was HCL’s first failure. His venture in America proved to be a disaster. But Nadar didn’t let it slow him down.
He partnered with HP (Hewlett-Packard) to form HCL HP Ltd. They did not stop here. In 3 years, HCL had also partnered with other global giants like Nokia and Ericsson. This opened up opportunities for HCL and also gave it a new source of revenue.
Part 6: HCL Technologies IPO
Moving on to the biography of Shiv Nadar, let us now take a look at HCL’s share market journey. By 1998, Shiv Nadar found himself in a difficult position as revenues began to shrink. At the same time, Arjun Malhotra, one of the largest shareholders and co-founder, decided to leave the company to start his own venture TechSpan, which is headquartered in Sunnyvale, California.
At this time, Nadar decided to look at the capital markets and decided to have an IPO in 1999. It was a huge success and coincided with the dot-com bubble.
Part 7: Further Expansion of HCl
Not many people know HCL had helped in automating NSE worked in 261 cities and even worked on Boeing Dreamliner’s flight management system. Thanks to Shiv Nadar at its helm, the company is one of the top IT players in India.
In addition, the company has also expanded aerospace and defence, automotive, finance, capital markets, chemical and process industries, power and utilities, health care, high-tech, industrial manufacturing, consumer goods, insurance, life sciences, manufacturing, media and entertainment, mining and natural resources, oil and gas, retail, telecommunications and travel, transportation, logistics and hospitality.
Oh, is that so! That was a long and varied list.
Shiv Nadar was awarded the Padma Bhushan (3rd highest civilian award in India) in 2008 for his contribution to the IT industry. Today, he is one of the richest men in India with a net worth of US$24 billion.
In July 2020, HCL Technologies announced that Shiv Nadar has stepped down as chairman of the board of directors and handed over the baton to his daughter Roshni Nadar Malhotra. Nadar said, “I am sure HCL will soar under the leadership of Roshni, who moves forward with purpose, passion and pride.” In addition, Shiv Nadar will continue as the Managing Director of HCL with the rank of Chief Strategy Officer. Nadar’s stepping down as Chairman of HCL marked the end of an era in the Indian IT services industry.
that’s all for today. In this article, we discussed Shiv Nadar Biography. Let us know what you think of Shiv Nadar’s success story and what you would like us to tell us further in the comments below. happy reading!
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A graduate in commerce from Mangalore University, Aaron entered the world of equity research to explore his interests in the financial markets. Outside of work, you can see her in a show, supporting RCB, and dreaming of going to Kasol soon. He also believes that the best way to teach children to do is to eat children’s ice cream.
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