ENTREPRENEURSHIP DEVELOPMENT

ASSIGNMENT

Ram Prasad.n
091PCMA025
 20TH CENTURY ENTREPRENEUR

SHIV NADAR

Personal Profile
 Nickname: Magnus
 Date of Birth: January 1, 1946
 Place of Birth: Tirunelveli, Tamil Nadu, India
 Sex: Male
 Nationality: Indian
 Education: PSG College of Technology

Family
Father: Sivasubramaniya Nadar

Spouse: Kiran Nadar

Career
Profession: Businessman
Bio-Data

Name: Shiv Nadar

Age   : 53

Marital Status: Married

Net Worth: $(US) 1.2 billion

Company: HCL Group (InfoTech)

Based at: 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 India’s largest InfoTech conglomerate. Mr Nadar’s 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. Singapore’s
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.
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 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 richest Indians Forbes called him a man who began, by
making 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
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