Introduction: Shiv Nadar is a well-known name in the Indian business industry. He is the founder of HCL Technologies and has been listed on Forbes’ Billionaires list for several years. Despite this, his true net worth remained hidden from the public eye until recently. In this blog post, we will uncover the hidden fortune of Shiv Nadar and reveal his true net worth.
Early Life and Career: Shiv Nadar was born in Tamil Nadu, India, in 1945. He graduated from the PSG College of Technology in Coimbatore in 1967 with a degree in electrical and electronics engineering. He started his career with Delhi Cloth Mills, where he worked as a systems analyst. Later, he set up HCL in 1976 with an initial investment of Rs. 187,000.
HCL Technologies: Today, HCL Technologies is one of India’s leading IT services companies, with a presence in over 30 countries worldwide. The company has a market capitalization of over $50 billion and employs more than 150,000 people.
Philanthropy: Shiv Nadar is known for his philanthropic activities. He has set up the Shiv Nadar Foundation, which focuses on education and skill development initiatives. The foundation runs several schools and colleges across India, including the prestigious Shiv Nadar University.
Family: Shiv Nadar is married and has two children. His daughter, Roshni Nadar, is the chairperson of HCL Technologies and has recently been named India’s richest woman with a net worth of $11.2 billion.
Net Worth: Shiv Nadar’s true net worth was recently revealed by Forbes. He has an estimated net worth of $28.9 billion, making him the 91st richest person in the world and the 4th richest person in India.
Investments: Shiv Nadar has invested in several companies and startups. He has invested in companies like Flipkart, Paytm, and most recently, Byju’s.
Future Plans: Shiv Nadar has announced that he will retire as the chairman of HCL Technologies by July 2021. He plans to focus on his philanthropic work and spend more time with his family.
Conclusion: Shiv Nadar’s net worth has been a topic of speculation for many years, and it was only recently that his true net worth was revealed. His achievements in the business industry, his philanthropic activities, and his investments have made him one of the most admired businessmen in India.
FAQs:
1. Who is Shiv Nadar?
Shiv Nadar is the founder of HCL Technologies and a well-known businessman in India.
2. What is HCL Technologies?
HCL Technologies is an Indian IT services company with a presence in over 30 countries worldwide.
3. What is Shiv Nadar’s net worth?
Shiv Nadar’s net worth is estimated at $28.9 billion, according to Forbes.
4. What is the Shiv Nadar Foundation?
The Shiv Nadar Foundation is a non-profit organization that focuses on education and skill development initiatives.
5. What are Shiv Nadar’s future plans?
Shiv Nadar plans to retire as the chairman of HCL Technologies in July 2021 and focus on his philanthropic work and spend more time with his family.