ram shiv nadar

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ENTREPRENEURSHIP DEVELOPMENT

ASSIGNMENT

RAM PRASAD.N

091PCMA025


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20TH CENTURY ENTREPRENEUR

SHIV NADAR

Personal Profile

y Nickname: Magnusy Date of Birth: January 1, 1946y Place of Birth: Tirunelveli, Tamil Nadu, Indiay Sex: Maley Nationality: Indiany Education: PSG College ofTechnology

Family

Father: Sivasubramaniya Nadar

Spouse: Kiran Nadar

Career

Profession: Businessman


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Bio-Data

Name: Shiv Nadar

Age : 53

MaritalStatus: Married

NetWorth: $(US) 1.2 billion

Company: HCL Group (InfoTech)

Basedat: Delhi, USA

Forbes has released its list of world's richest persons and seven Indians have found a place in.

The new entry in the `Forbes list is a man who began, as `Forbes put it, by making computers

in his garage 24 years ago. Man is Shiv Nadar, chief The of HCL, a company `Forbes describes

as Indias largest InfoTech conglomerate. Mr Nadars net worth has also been put at $1.2 bn.

Two of the seven richest Indians are in the InfoTech business.

People who know Shiv Nadar call him Magus, Persian for wizard. His wizardry was evident in

the way Shiv Nadar (53) worked his way. He transformed HCL Corporation one of the top most

firms making computers and office equipment.

Moving to Delhi from Tamil Nadu in 1968, Shiv Nadar worked as an engineer with DCM Ltd.

Keen on starting on his own he made six of his colleagues to join him to launch a firm making

office products like copiers. Into the vacuum created by IBM quitting Indian HCL stepped in to

supply computers and by 1982, HCL came out with its first computer.

Now over 80% of HCL's revenues are from computers and office equipment. While

concentrating on growth at home, HCL has also been spreading its reach overseas. Its Singapore

subsidiary, Far East Computers, recently achieved a breakthrough in imaging technology, which,

among other applications, enables computers to read handwritten tax returns. Singapores

Internal Revenue Service uses Far East software.

In the U.S, a software subsidiary, HCL America, has reaped rich benefits by taking advantage of

global time zones. Every morning, the company's Madras office receives software assignments

from the U.S, just after work stops there for the night. A team of Indian engineers, with salaries

much lower than those of their American counterparts, complete the jobs and modem them back

in the evening.


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Far East and HCL America account for almost 20%

of HCL Corp.'s annual revenues. Once he makes up his mind about a project, he picks a team,

and then leaves it alone to get on with the job. 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". He attributes the Group's success to

teamwork and the entrepreneurial spirit, which together have enabled it to handle rapid change in

environments and technologies, and to transform threats into opportunities.

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 iconsNarayan 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 richest Indians Forbes called him a man who began, bymaking computers in his garage.

Achievement

Chief Executive Officer of Hindustan Computers Limited (HCL), India's largest InfoTech

conglomerate.

Shiv Nadar is the Chief Executive Officer of Hindustan Computers Limited (HCL), India's

largest InfoTech conglomerate. He figures in the Forbes list of Indian billionaires.

Originally hailing from Moolaipozhi Village, Trichendur, Tutocorin District, Tamil Nadu, Shiv

Nadar moved to Delhi in 1968. He worked as an engineer with DCM Ltd. But the entrepreneur

in Shiv Nadar wanted to set up his own business. Therefore, he along with six of his colleagues

launched a firm making office products like copiers.

In late 1970s, when IBM quit India, Shiv Nadar's HCL stepped in to fill the vacuum. In 1982,

HCL came out with its first computer. Today, HCL derives 80% of its revenue from computers


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and office equipment. HCL has also been spreading its global reach. Its Singapore subsidiary,

Far East Computers, achieved a breakthrough in imaging technology, which, among other

applications, enables computers to read handwritten tax returns.

HCL has adopted innovative practices to achieve growth. In the U.S, a software subsidiary, HCL

America, has reaped huge dividends by taking advantage of global time zones. Every morning,

the company's Chennai office receives software assignments from the U.S, just after work stops

there for the night. A team of Indian engineers, with salaries much lower than those of their

American counterparts, complete the jobs and send them back in the evening.

In a short span of time, Shiv Nadar has reached pinnacle of success by his hard work, vision, and

entrepreneurial spirit

ram shiv nadar

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