What is Shiv Nadar’s net worth?
|Net Worth:||$25 Billion|
|Born:||July 14, 1945|
|Country of Origin:||India|
|Source of Wealth:||Industrialist|
Shiv Nadar is an Indian billionaire industrialist and philanthropist.
Nadar is the founder and chairman of HCL and the Shiv Nadar Foundation. He founded India’s pioneer computer education institution, NIIT that succeeded in producing the first wave of proficient human resources for the country’s future IT industry.
As of 2022, Shiv Nadar’s net worth is estimated to be $25 billion.
Shiv Nadar was born on the 14th of July 1945, in Moolaipozhi Village, India.
His parents were Sivasubramaniya Nadar and Vamasundari Devi.
Nadar studied at Town Higher Secondary School, Kumbakonam. He also studied in Elango Corporation Higher Secondary School, Madurai.
Nadar began his career at Walchand group’s College of Engineering in 1967. He soon gave it up to begin his venture, in partnerships with several friends and colleagues
The initial enterprise which Nadar and his partners began was Micro comp, a company that focused on selling tell digital calculators in the Indian market. HCL was founded in 1976, with an investment of Rs. 187,000.
In 1980, HCL ventured into the international market with the opening of Far East Computers in Singapore to sell IT hardware. The venture reported Rs 1 million in revenue in the first year and continued to address the Singapore operations.
In 1989, he formed HCL America to take advantage of the mammoth computer hardware market of the USA. But the machines failed to get American environmental clearance.
From 2000 to 2006, he went into even more partnerships and acquisitions to make HCL a global software venture. It began with a BPO in Ireland in 2001 in partnership with British Telecom.
As of 2022, Shiv Nadar’s net worth is estimated to be roughly $25 billion.
How Does Shiv Nadar Spend His Money?
Shiv Nadar spends some of his money on cars and other purchases.
Shiv Nadar’s Cars and Other Purchases
One of Nadar’s most notable cars includes a Rolls Royce Phantom. He also purchased a lavish bungalow in Delhi for his daughter.
Here are some of the best highlights of Shiv Nadar’s career:
- Dataquest IT Man of the year (1995) – Won
- Madras University awarded him an honorary doctorate (2007)
Favorite Quotes From Shiv Nadar
“If you go to Wall Street, there is someone from Harvard, Stanford, etc., who relate to each other by the batch they studied in, the dorm they lived in, and so on.” – Shiv Nadar
“There is a disconnect in education and work. And corporates don’t do a great job of skilling. In the future, corporates and educational institutions will work closely.” – Shiv Nadar
“Each quarter, Indian IT firms publish their results, and these are broadcast on CNBC. From the comfort of their boardrooms, executives say how many new employees have been added, how many more Fortune 500 companies have been signed up as clients, how many million-dollar companies were added, and so on.” – Shiv Nadar
“I was with top CEOs in 2009, and they were shaken. Top leaders of Wall Street and elsewhere, shaken. The ones at the top did get by because if they see a decline somewhere, there is also growth elsewhere, like in emerging economies.” – Shiv Nadar
“One time, the teacher was the storehouse of knowledge. That will no longer be so. So what would a teacher do? A very good teacher will play the role of augmenter. Also, the teacher will be located anywhere and helping students.” – Shiv Nadar
“When you are running a business, there is a constant need to reinvent oneself. One should have the foresight to stay ahead in times of rapid change and rid ourselves of stickiness in any form in the business.” – Shiv Nadar
3 Strong Lessons From Shiv Nadar
Now that you know all about Shiv Nadar’s net worth and how he achieved success; let’s take a look at some of the lessons we can learn from him:
1. Keep Your Expectations Low
High expectations tend to result in disappointment, pain, and loss, so you should have low expectations yet continue to work hard with what you are doing.
2. Acknowledge The Change
Acknowledging change means you’re fully aware of the situation, and this will help when change occurs, and you move from the stage of a shock to acceptance.
3. Accept The Change
The acceptance of change can be difficult, and you might resist it at first, but you need to understand the fact that accepting the change will help you make the necessary adjustments that you need in your life.
Shiv Nadar is an Indian tech tycoon who is the founder and chairman of HCL and has turned the IT hardware company into an IT Enterprise over the last three decades by constantly reinventing his company’s focus.
Today, HCL has a global presence in 42 countries in the form of offices, delivery centers, and innovation labs, with an employee strength of more than 1,37,000 professionals serving in various positions.
As of 2022, Shiv Nadar’s net worth is approximately $25 billion.