Shiv Nadar’s success story is a testament to hard work, vision, and dedication. By 2023, he had amassed an impressive fortune, placing him among the world’s billionaires.
So, how much is Shiv Nadar net worth in 2023? In this article, we’ll unravel the monetary aspect of his successful journey.
Contents
What is Shiv Nadar Net Worth and Salary in 2023?
| Information | Details |
| Gender | Male |
| Birth Date | July 14, 1945 |
| Age | 78 years old |
| Education | Bachelor of Science (Physics) |
| Birth Place | Moolaipozhi, Tamil Nadu, India |
| Nationality | Indian |
| Net Worth | $26.3 billion USD |
| Source of Wealth | Founder of Chairman of HCL Technologies and the Shiv Nadar Foundation |
| Height | 1.73 m |
According to Forbes, Shiv Nadar has amassed a staggering net worth of $26.3 billion. His wealth primarily stems from his 60% stake in HCL Technologies. In addition to his substantial net worth, Nadar earns an impressive annual salary of $5.2 billion.
Why is Shiv Nadar Famous?
Nadar’s fame doesn’t merely rest on his wealth. His visionary leadership of HCL, one of India’s leading tech companies, is noteworthy.
Nadar has played a huge role in shaping India’s technology field. He helped create India’s first homegrown computer in the 1980s and built a world-known IT brand. Since the mid-1990s, he has worked through the Shiv Nadar Foundation to improve India’s education.
Shiv Nadar’s Overview
Early Life
Shiv Nadar was born on July 14, 1945, in Moolaipozhi village, Madras Presidency. He was born into a Tamil Hindu family to parents Sivasubramaniya Nadar and Vamasundari Devi.
His mother, Vamasundari Devi, was the sister of S. P. Adithanar, the founder of the Dina Thanthi newspaper. Nadar’s early education occurred at Town Higher Secondary School in Kumbakonam and Elango Corporation Higher Secondary School in Madurai.
He later pursued his pre-university degree at the American College in Madurai. He went on to earn a degree in Electrical and Electronics Engineering from PSG College of Technology in Coimbatore.
Career
Shiv Nadar embarked on his career journey in 1967 at the Walchand group’s Cooper Engineering Ltd. in Pune. However, he soon left to start his venture, Microcomp, a company focused on selling teledigital calculators in the Indian market.
In 1976, Nadar founded HCL Technologies with a big investment of Rs 1,87,000. Over time, this company changed from a computer hardware business to a global IT company.
In 1980, HCL ventured into the international market by opening Far East Computers in Singapore to sell IT hardware. The venture reported Rs 1 million in revenue in the first year and continued addressing Singapore operations.
By 1996, Nadar had established SSN College of Engineering in Chennai, Tamil Nadu, in honor of his father, Sivasubramaniya Nadar. He actively participated in the college activities, including gifting Rs. 10 lakh worth of HCL shares to the college.
In 2008, his SSN Trust announced the setting up two Vidyagyan schools in Uttar Pradesh for rural students. In 2011, he established the Shiv Nadar University in Noida and the HCL Foundation, the social responsibility arm of HCL Technologies Limited.
By 2020, Nadar had retired from his role as the leader of HCL Technologies, and his daughter, Roshni Nadar, took over. She became the first woman to lead an Indian IT company listed on the stock market.
In July 2021, Nadar also stepped down as managing director of HCL Technologies, succeeded by C Vijay Kumar, HCL Tech CEO, for a five-year term.
As of 2023, Nadar’s legacy continues to thrive, with HCL generating annual revenues of over USD 10 billion with more than 169,000 professionals operating in 50 countries.
Personal Life
Shiv Nadar is married to Kiran Shiv Nadar. His wife, Kiran, is an Indian art collector and philanthropist. Together, they have a daughter named Roshni Nadar Malhotra, born in the early 1980s.
She’s the leader of HCL Technologies and is known for being the first woman to head an IT company in India that’s listed on the stock market. She is also a mother of two children with her husband, Shikhar Malhotra.
The couple met through common friends and were in a relationship for seven years before marriage. The Nadars own 60% of HCL Technologies as a family, contributing to their substantial net worth.
Awards and Accolades
- E&Y Entrepreneur of the Year 2007 (Services).
- Madras University also awarded him an honorary doctorate in 2007.
- The Government of India honored him with a Padma Bhushan, the third-highest civilian award, in 2008.
- In 2011, he was listed among Forbes’ 48 Heroes of Philanthropy in Asia Pacific.
- India Today magazine ranked him as India’s 16th most powerful person in 2017.
- Nadar received the AIMA Managing India Corporate Citizen Award in 2014.
- The Lifetime Achievement Award in 2013 by the Institute of Company Secretaries of India (ICSI).
- The Golden Peacock Award for Social Leadership 2014 from the Institute of Directors, India.
- He was named the Forbes Outstanding Philanthropist of the Year in 2015.
FAQs about Shiv Nadar
How old is Shiv Nadar?
Shiv Nadar age is 78 years old.
How tall is Shiv Nadar?
Shiv Nadar height is 1.73 m.
What is HCL famous for?
HCL was one of the first companies to create modern computers. They even built a computer using an 8-bit microprocessor in 1978, much earlier than other companies worldwide.
Why did IBM sell to HCL?
This purchase helps HCL grow its software department and allows them to fit into markets they want to reach. For HCL, areas like security, marketing, and commerce are important.
Conclusion
Shiv Nadar’s story is one of inspiration, resilience, and success, reflecting the immense potential in pursuing innovation.
His journey offers insights that are valuable not just for aspiring entrepreneurs but for anyone aiming to excel in their chosen field. If you found this interesting, you’d also love to read more inspiring stories on Hereofamily.
