What is Shiv Nadar’s Net Worth?
Shiv Nadar, the founder and chairman of HCL Technologies, is a prominent figure in the Indian IT industry and a well-known philanthropist. Forbes estimates his net worth to be around US$34.8 billion.
This substantial net worth is primarily derived from his majority stake in HCL Technologies, a leading software developer and outsourcing provider, which reported a revenue of $12.6 billion for the year ending March 31, 2023.
Nadar and his family control 61% of HCL Technologies through promoter groups, and they also hold a 63% stake in HCL Infosystems, a manufacturer of personal computers and tablets. His fortune is calculated based on publicly traded HCL Technologies shares, dividends, insider transactions, taxes, market performance, and personal investments.
Here’s the breakdown of Shiv Nadar’s net worth:
Name: | Shiv Nadar |
Net Worth: | $34.8 Billion |
Date of Birth: | Jul 14, 1945 |
Profession: | Founder of HCL Technologies, Founder of SSN College of Engineering, Founder of Shiv Nadar University |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Early Life
Shiv Nadar was born on July 14, 1945, in Moolaipozhi village, Tamil Nadu, to Sivasubramaniya Nadar and Vamasundari Devi. His father ran a small textile trading business, which provided a modest upbringing for Nadar.
Despite the financial constraints faced by his family, Nadar’s passion for technology and education was evident from an early age. He pursued his early education at Town Higher Secondary School, Kumbakonam, and later at Alango Corporation Higher Secondary School, Madurai.
For his high school education, Nadar attended St. Joseph’s Boys Higher Secondary School, Trichy. Demonstrating a keen interest in engineering from a young age, Nadar went on to receive a Pre-University degree at American College, Madurai, and subsequently earned a degree in Electrical and Electronics Engineering from PSG College of Technology, Coimbatore.
Career
Shiv Nadar’s professional career began in 1967 when he started his career at the Walchand Group’s College of Engineering, Pune (COEP). However, his entrepreneurial spirit soon led him to leave his job and establish HCL (Hindustan Computers Limited) Enterprises in a garage in August 1976, alongside his friends Ajay Chaudhary, Arjun Malhotra, Subhash Arora, Yogesh Vaidya, S.K. Raman, Mahendra Pratap, and DS Puri.
This bold move marked the beginning of what would become one of India’s largest software services providers. Initially, HCL focused on manufacturing calculators and microprocessors. By 1980, the company ventured into the international market, starting with IT hardware sales in Singapore.
Under Nadar’s leadership, HCL Technologies evolved from a hardware company into a comprehensive software services organization, marking its presence on the global IT map. Today, HCL Technologies boasts a revenue of $9.7 billion, making it one of India’s leading software services providers. The company’s success is a testament to Nadar’s vision, innovation, and relentless pursuit of excellence.
Throughout his career, Nadar has been recognized for his contributions to the IT industry and philanthropy. In 2008, the Government of India honored him with the Padma Bhushan, India’s third-highest civilian award.
Real Estate
Shiv Nadar, the founder of HCL Technologies, has made significant investments in real estate. One of his notable real estate acquisitions is a bungalow in Delhi’s New Friends Colony, which he purchased for ₹115 crore in 2014. This property is a testament to his financial success and his preference for high-value real estate investments.
In addition, Nadar’s real estate portfolio is complemented by his philanthropic ventures, which often involve significant real estate components. For instance, the Shiv Nadar Foundation, which he established, operates several educational institutions and cultural centers that are situated on expansive and strategically located campuses. These include the Shiv Nadar University in Uttar Pradesh and the Kiran Nadar Museum of Art, which has branches in Delhi NCR.
Personal Life
Nadar is married to Kiran Nadar, a prominent philanthropist and art collector. Kiran Nadar is actively involved in the Shiv Nadar Foundation and is the founder of the Kiran Nadar Museum of Art, which showcases her extensive art collection. The couple has one daughter, Roshni Nadar Malhotra, who is currently the chairperson of HCL Technologies.
Roshni Nadar Malhotra is married to Shikhar Malhotra, who is also involved in the family business and philanthropic activities. They have two sons, Armaan and Jahaan.
Nadar’s personal life is deeply intertwined with his philanthropic endeavors. He has dedicated a significant portion of his wealth to the Shiv Nadar Foundation, which focuses on education, rural development, and the arts. The foundation runs several initiatives, including VidyaGyan schools, Shiv Nadar University, and the Kiran Nadar Museum of Art.
Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.
With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.
