The Success Story Of Shiv Nadar And HCL Technology

The Success Story Of Shiv Nadar And HCL Technology

India has produced several legends who demonstrate that if your only goal is to achieve excellence, nothing can stand in your way. And without this person, the list would be incomplete. Mr. Shiv Nadar is the subject of today's essay, a legend whose foresight and determination enabled him to build a billion-dollar company (HCL), a visionary who is one of the key reasons that India is currently the hotspot for Information Technology and a well-known philanthropist in Asia. "If you have exceptional people, you must empower them." Shiv Nadar penned this remark, which he continues to use. Of course, we will learn about Shiv Nadar's success story today, as he created one of India's greatest IT companies. So, if you're looking for some inspiration right now, keep reading this blog from ThinkWithNiche. We guarantee you won't be disappointed!

Life History of Mr. Shiv Nadar

Nadar was born in a hamlet in Tamil Nadu on July 14, 1945, to Sivasubramaniya Nadar and Vamasundari Devi. He was so bright as a child that he was given the moniker "Magus," which means "wizard" in ancient Persian. His education was completed in Kumbakonam's Town Higher Secondary School. He also attended Madurai's Elango Corporation Higher Secondary School. He then transferred to St. Joseph’s Boys Higher Secondary School in Trichy, where he completed his high school education. Shiv earned a pre-university diploma from Madurai's American college. He began his work at Walchand Group's College of Engineering in Pune after receiving an Electrical and Electronic degree from PSG College of Technology in Coimbatore. In 1967, Nadar started his work at the Walchand group's College of Engineering, Pune (COEP). Later, he went on to work for the Delhi Cloth Mills' digital products business. Working as an employee let him realize that this was not his calling. He and a couple of his coworkers, who shared his dissatisfaction with their unfulfilling employment, decided to quit and start their own business. MicroComp Limited was the first company that Nadar and his associates founded. This business is specialized in the production and distribution of teledigital calculators. However, the group had a bigger purpose in mind. Nonetheless, MicroComp was regarded as a first step toward the larger goal.

Business Journey of Shiv Nadar

Shiv Nadar and his partners founded Microcomp in 1975, which produced Digital Calculators and other office products such as Televista. Even though Microcomp was profitable, he desired to achieve even greater heights. Fortunately, the Uttar Pradesh government was supporting entrepreneurs in the Information Technology (IT) industry at the time, which prompted Shiv Nadar to present his dream concept to the UP government, which was immediately accepted. As a result, HCL Technologies Limited was founded on August 11, 1976, with the help of the UP Electronics Board. Shiv Nadar and Arjun Malhotra co-founded HCL. The company generated an astonishing 10 lakh rupees in sales in its first year.

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