August 10, 2009
Shiv Nadar is an Indian businessman and educationalist. He is the current Chairman and Chief Strategy Officer of HCL Technologies. Nadar, known as Magnus amongst his friends, founded HCL in 1976 along with Ajai Choudary and three more colleagues. Today, HCL is an IT Enterprise consisting of HCL Technologies, which focuses on Software and IT Solutions and HCL Info systems, which focuses on Hardware manufacturing and product reselling.
In 1976, Nadar quit an executive job with Delhi Cloth Mills (DCM) along with five of his friends to start a new company, Micro comp Limited. The focus of the company was design and manufacturing of scientific calculators. The venture provided its founders money to start a company that focused on manufacturing computers. The company was renamed as Hindustan Computers Limited (HCL) and received support from the Uttar Pradesh government to setup their manufacturing in Noida. The founders put together Rs 2 million in the venture. In 1981, NIIT was started to cater to the increasing demand in computer education. By early 2000s, Nadar divested his stake in this venture
HCL Technologies is India￢ﾀﾙs fourth largest Indian IT Services companies, providing software-led IT solutions, remote infrastructure management services and BPO. Having made a foray into the global IT landscape in 1999 after its IPO, HCL Technologies focuses on Transformational Outsourcing, working with clients in areas that impact and re-define the core of their business. The company leverages an extensive global offshore infrastructure and its global network of offices in 16 countries to deliver solutions across select verticals including Financial Services, Retail & Consumer, Life Sciences Aerospace, Automotive, Semiconductors, Telecom and MPE (Media Publishing & Entertainment). For the quarter ending 31st December 2006, HCL Technologies, along with its subsidiaries had revenue (TTM) of US $ 1.155 billion (Rs. 5220 crore) and employed more than 38,000 professionals
Over 80% of HCL’s revenues are from computers and office equipment. While concentrating on growth at home, HCL has also been spreading its reach overseas. Its Singapore subsidiary, Far East Computers, recently achieved a breakthrough in imaging technology, which, among other applications, enables computers to read handwritten tax returns. Singapore￢ﾀﾙs Internal Revenue Service uses Far East software.
Shiv Nadar has been conferred the Padma Bhutan Award in January 2008 in recognition of not just his contribution to trade & industry in India but also his deep commitment to public good. The Padma Bhutan is the third highest civilian honor conferred by the President of India to recognize distinguished service of a high order to the nation, in any field. Shiv Nadar is involved with the Public Health Foundation of India (PHFI) – working to establish standards in public health education and to create a network of innovative world class India-relevant institutes of public health. He also supports initiatives for the girl child and the empowerment of women.