Shiv Nadar | Gulf Business
Industry Titans

Shiv Nadar

Founder and Chairman, HCL Technologies

Indian IT pioneer Shiv Nadar, co-founded HCL Technologies in a garage in 1976 with five friends, and a modest investment of $2,300.

The fledgling company, initially focused on making calculators and microprocessors, received a significant boost from the Uttar Pradesh government, which provided a $24,600 grant in exchange for a 26 per cent stake. This arrangement marked HCL as the country’s first public-private partnership.

Today, HCL Technologies boasts a revenue of $13.4bn and is among India’s leading software services providers.

Under Nadar’s leadership, the company expanded its reach to over 44 countries, including the UK, the US, France, and Germany.

In July 2020, Nadar stepped down as chairman of HCL Technologies, passing the mantle to his daughter, Roshni Nadar Malhotra. He now serves as chairman emeritus and strategic advisor.

As one of India’s foremost philanthropists, Nadar has donated $1.1bn to the Shiv Nadar Foundation, which supports education-related initiatives.

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