 |
Shiv Nadar
$2.3 billion
Delhi
59 . Married . 1 Children .
Associated Companies: HCL Group |
|
From modest beginnings in his garage, built and still chairs $1.2 billion (revenues) HCL Group, a leading InfoTech provider. Moving to Delhi from Tamil Nadu in 1968, Shiv Nadar worked as an engineer with DCM Ltd. Keen on starting on his own Nadar convinced a handful of colleagues to start HCL in 1976. The new firm would be engaged in making office products like copiers. The void created by IBM's exit worked to Nadar's advantage.Nadar started work on computer manufacture and by 1982, HCL came out with its first computer.
The software story that Nadar tried to incubate has rode on very well.Over the years his group has managed to blend a unique business model that encompasses both the hardware as well as the software divisions. But unlike his peer group icons Narayan Murthy and Azim Premji Nadar could not become the poster boy of the Indian IT industry.
In February 1997, TIME magazine wrote: "The world has caught up with Nadar's vision of a networked future, and the results are shaking up enterprises, economies and government around the world"
While introducing Nadar to the list of the ricest Indians Forbes called him a man who began, by making computers in his garage.
| 
