Chapter 4... Study of Women Founded Start- Ups in India and Entrepreneurs Biography Contents ... 4.1. Study of Women Founded Start-Ups in India 4.1.1 Upasana Taku 4.1.2 Anisha Singh 4.1.3. Sabina Chopra 4.2. Entrepreneur's Biography 4.2.1 Azim H. Premji 4.2.2 Ratan Tata 4.2.3. Dr. Shiva Nadar * Points to Remember * Questions for Discussion Learning Objectives.. * To understand the encouraging entrepreneurial stories of Women-founded start-up in India * To know about the biography of Entrepreneurs like Azim Premji, Ratan Tata, Dr. Shiva Nadar 4.1 Study of Women Founded Start-Ups in India * Women have been performing spectacularly in the start-up space in recent times. ¢ It's not just a men's club anymore, Indian women have begun to meticulously chart out their entrepreneur plans and make them successful. * While India continues to lay genuine emphasis on discarding gender inequalities and stereotypes, women still have to ward off challenges thrown at them which probably wouldn't be thrown at men. ¢ Whether it is a technology start-up or any business start-up, the struggle to combat the stereotype, of not many women working in these fields can be tiring. * Nevertheless, times are finally changing and now women entrepreneurs are also becoming the part of the biggest shift in the online industry with their innovative start-ups changing lives.4.1.1 Upasana Taku Introduction The 8th day of Navratri belongs to Goddess Mahagauri. She symbolises inner peace, intelligence, and optimism. This story also features a woman who lives up to such qualities. It is the story of Upasana Taku, Founder at Zaakpay and Co-Founder at MobiKwik. Upasana finished her Bachelors of Engineering from NIT, Jalandhar. Her interest in pursuing Masters in Management Science took her to Stanford University. She possesses a commendable experience of over 13 years in Payments and Financial Services, And as an entrepreneur her journey spans over 7 years. But then, this is not an ordinary one. Let us take a stab at her story till day with an experience of handling a small team of early employees to expanding it to 250, Upasana is now the leading force and face at Mobikwik, responsible to hold things together. She is the one powerhouse at Mobikwik who keeps such a large team focused, Her efforts blended with the team's co-operation have yielded her enormous success to an extent that Mobikwik now stands as India’s largest independent mobile payments network. Coming Back Home Upasana Taku's strong background in payment was her biggest asset. She initially worked with the HSBC in San Diego and later, went on to work with PayPal. She was happy about the fact that she was contributing to transforming people's lives making payments easier for them, Till 2008, she was occupied with PayPal only to make a choice of getting back to India. She had her instinct pointing in an altogether different direction of starting her own business, The corporate life and comfort zone was not something that she was looking for. The hunger to face challenges and making a significant contribution to the lives of people pulled her back to India.The easiness of work and dis-satisfaction in working for big, high-impact projects worth millions of dollars pushed her to achieve something extraordinary. There was a certain thriving to come back to India and contributing to Indian start- up ecosystem was in her mind. And this played a crucial role in changing her career tracks. And this is when she came back and founded 'Zaakpay'’. While she was back, she had a business idea in mind to do something similar for the people in India. This led the foundation of ‘Zaakpay' — a Payment Gateway. At the same time, she met her partner and a mentor in the form of Bipin Preet. They both got married later on. It was hers’ and Bipin's idea to start 'Mobikwik' as a semi-closed mobile wallet. Bipin was the one who turned her idea to reality. Since they both had their ideas match, the power multiplied and Mobikwik started flourishing gradually. Mobikwik started getting the much-required traction since the launch itself and she later joined Mobikwik for a full-time as a co-founder, This was in 2009 when the couple plunged in the Indian start-up scenario and Upasana used every bit of her experience and knowledge in payment and finance field to make things simple for her partner. She also becomes the first woman to lead India’s first payment start-up. The aim was pretty simple as they set to simplify the digital payments for new Indian websites. And to measure the success of Zaakpay, it now stands as the first and only India's Payments company offering a 100% online merchant application. Progressing Gradually . Again, it may seem like an instant success story but it isn’t one. She faced a few hurdles to stand at a point where she is now. The first thing was to be a woman in the technology domain. This was not something that India was used to a decade back. It was only with her persistent passion for technology and the related branches that kept her going strong. There were already a few players in the market dominating the industry due to the first mover advantage. But then, there was something that was lacking.The A smoother, finer, nicer experience for using a payment gateway was the need of an hour. And it was when she took the advantage of sluggish technology and high sign up prices that were charged. A user-friendly experience was something that most of the then existing offerings lacked, Establishing an e-wallet product like ‘Zaakpay' was Upasana’s brainchild and sheer conviction to provide the best of services. And this is what made Zaakpay India’s most secure payment gateway. If we are to put her journey in her words, she calls it “courage under fire”. Her interest in the market analysis and audience understanding was something that paid off pretty well. Her inquisitiveness led her to research these things and in turn, she developed something that was lacking. Difficult Patches One of the major difficulties she faced was of her gender. Managing finance at MobiKwik, she was once by a CA and a potential investor over a phone to hand over a call to man. She observes that accepting woman at such a dominating is unsettling. And this is why she talks about courage that a woman has to take when in the helm of affairs. For that incident, she quickly breaks the ice and made the other person comfortable. Another significant challenge was to have people accept the concept of something like MobiKwik where there is a vast diversity in language, culture, and shopping perspectives. Transforming the spending habit of Payment, from cash to digital payment mode was a tough one. But support from the government and other IT Players in the industry made it easier for the digital economy to thrive. For this to expect and have patience till then paid off well for Upasana’s MobiKwik. The journey from 2011 was highly an evolutionary for Upasana and Bipin as they were working from their 4BHK apartment with 2 bedrooms converted into an office space. jena aE ea ait ah Rn ee tNUpasana’s dedication was seen during those days as well. She used to cook lunch for most of the week while one from the other co-workers will cook Maggie in the evening. Next year they launched MobiKwik mobile app that attract venture capitalist Sequoia Capital. And this saw a rise in the Mobikwik users, crossing over 100K transactions with clients like Uber and the Indian Railways. t Making it Big The investor community took a note of it as well and 2014 brought a big chunk of funding for Mobikwik. A funding of $5 million change fortunes of not only Upasana Taku but also of Mobikwik, allowing them to shift to a large office in Gurgaon and impraving on team strength of 50 employees. In this same year, Mobikwik snatched the ‘mBillionth Award South Asia’ in the category of mobile business. And during the third round of investment in 2016, $50 million was raised from Net 1, GMO payment gateway, Sequoia Capital, Treeline Asia and MediaTek. This was something that scaled MobiKwik at a rapid pace with over 35 million users and getting over 1 lakh merchants on the platform. This was also a significant year for Upasana Taku who was then featured in the Forbes Asia “Women To Watch" list. The transactions over Mobikwik platform boomed 400% during the time of demonetization, easing the payment for over 45 million users. The next round of investment was followed by raising $80-85 million from the major investors. The Number of bus tickers booking rose to 4,000 a day, suggesting a staggering YoY growth of over 250%. And by the end of this year, Upasana and Bipin targets to serve nearly 150 million users while also introducing other ancillary products, like recharges, bus bookings, consumer loans and plenty others. This will make it possible for Upasana’s venture to reach out to over one million merchants for receiving payments online via Zaakpay as well.4.1.2 Anisha Singh Anisha Singh is a noted entrepreneur, leading one of India’s largest marketing platforms for local services. She is also an international speaker on entrepreneurship and passionate about women's rights and issues at the workplace. Anisha Singh is the Founder and CEO of ‘mydala.com’. The company started under her leadership in 2009 and since then mydala has grown to become India’s largest local services marketing platform. Anisha began her career with the Clinton administration in Capitol Hill, helping women entrepreneurs raise funding for innovative women-led businesses. She then joined Centra Software in Boston where she facilitated the setting-up of e-learning ecosystems for Fortune 500 companies. After returning to India, she launched Kinis Software Solutions, which provides digital solutions for real estate companies in the US. mydala is her second company and has worked with more than 130,000 merchants and 38 million registered users across 209 cities, Mydala leads the market with 200,000 transactions per day and 85% of the traffic comes from mobile channels. She won the Zee TV Outstanding Young Entrepreneur Award in 2016 and the e-INC /e-Tales Awards for e-Commerce Entrepreneur of the Year 2016. She is a noted expert on entrepreneurship, women equality at the workplace and e-commerce, having spoken at international conferences like the Mobile World Congress, Wired, Tedx, the Boao Forum and Start-up India. Anisha sits on the advisory council for the Kogod School of Business, American University, of which she is also an alumna. She is also a judge on the start-up reality show called Dropout Pvt Ltd. on MTV. Her focus now is towards building a future where women's success stories are accepted as the norm and not the exception. An active mentor and angel investor, she is currently planning operation Recast, an event that will provide a platform for shortlisted female entrepreneurs to pitch their business ideas to angel and venture capitalists. Anisha holds a Master's degree in political communication and MBA in Information Systems from American University, Washington DC,ABOUT MYDALA Mydala was born with a simple mission in 2009 - to help users maximize value in things to do around them. For the last 8 years, Mydala had worked to make sure to bring the best savings to users from their local neighbourhood eateries and salons to the largest movie chains and online stores. For the businesses that have been its partners since inception, its goal has been to provide them with marketing with little or no upfront costs. To date Mydala worked with over 1,65,000 merchants and have over 38 million registered users who come to mydala to search for the best deals around them. It expands across 209 cities in India. Mydala is also the largest mobile commerce platform in the country doing over 150,000 transactions per day with 90% of these from mobile platforms. Mydala has partnered with most of the telecom providers like Vodafone, Idea and Tata DOCOMO by offering coupons to their users. These coupons are based on each users’ dynamic usage pattern, location, mobile credit/bill and buying preferences. Mydala’s back-end analytics enables telecom Operators to understand their users better. Mydala pioneered a USSD deals platform, to reach out to the users who don’t own smart-phone, especially in a country like India, 4.1.3. Sabina Chopra Sabina Chopra is the co-founder of Yatra.com and served as the company’s Chief Operating Officer of corporate hotels. She is a lady of multiple talents and truly an inspiration to all budding entrepreneurs. Chopra's early life included a BA degree from the University of Delhi. Sabina today boasts of 25 + years of enviable work experience, She has worked as a manager in major corporates such as Hewitt Associates, Japan Airlines and Canadian Airlines. She went on to head ebookers India, the Indian counterpart of Europe's largest online travel platform.There, she would be handling a multitude of functions such as air-bookings, company communications, sales and customer service. Her great corporate background in the travel industry prepped her up for starting a travel company of her own. In 2006, she launched 'Yatra' with the other co-founders. She served as the Vice President of Operations initially. The travel agency started as headquartered out of Gurugram in Haryana. It went on to become a preferred platform for all Indian tourists alike, raising investments from big names such as the Reliance Venture, Web18 and Intel Capital. By 2011, Yatra had funded 28 million USD. Creative innovations such as the “holiday-cum-shopping card" in association with the State Bank of India created more press and customer interests. Chopra was recently appointed to the RCI India as the managing director. She prioritizes RCI's strategies for the Indian travel market boosting growth. Chopra herself is extremely well-versed with all facets of the Indian travel industry and the community therein. When it comes to business, she enjoys the travel sector the most. This is because of the mad energy the industry is always buzzing with. Chopra is a sucker for all things culture-rich. When not working she loves to go for a walk and enjoy the refreshing Bangalore weather. She loves to play on music, dance her heart out and let herself loose. She also believes in giving back to society. She does her philanthropic bit especially for the ‘girl child’ via NGOs. Chopra says “I always believe in the "Never Give Up" mantra. She recalls that there was a time when she had to take a break to support her family as the woman of the house. However, this never let her give up on her career. She returned back to pick up from where she had left. And how! Inventiva drav.s inspiration from and salutes this wonder woman of all times.4.2 Entrepreneur's Biography 4.2.1 Azim H. Premji Azim Hashim Premji (Born 24 July 1945) is an Indian business tycoon, investor, engineer, and philanthropist, who was the chairman of Wipro Limited. Premji remains a non-executive member of the board and founder chairman. He is informally known as the Czar of the Indian IT Industry. He was responsible for guiding Wipro through four decades of diversification and growth, to finally emerge as one of the global leaders in the software industry. In 2010, he was voted among the 20 most powerful men in the world by Asiaweek He has twice been listed among the 100 most influential people by TIME Magazine, once in 2004 and more recently in 2011. For years, he has been regularly listed one among the 500 Most Influential Muslims of the world. He was named the nineteenth richest person in India with an estimated net worth of US$6.5 billion according to the India's Richest 2019 list by Forbes. In 2013, he agreed to give away at least half of his wealth by signing. The Giving Pledge. Premji started with a $2.2 billion donation to the Azim Premji Foundation, focused on education in India. In 1945, Muhammed Hashim Premji incorporated Western Indian Vegetable Products Ltd, based at Amalner, a small town in the Jalgaon district of Maharashtra. It used to manufacture cooking oil under the brand name Sunflower Vanaspati and a laundry soap called 787, a byproduct of oil manufacture. In 1966, on the news of his father's death, the then 21-year-old Azim Premji returned home from Stanford University, where he was studying engineering, to take charge of Wipro The company, which was called Western Indian Vegetable Products at the time, dealt in hydrogenated oil manufacturing but Azim Premji later diversified the company to bakery fats, ethnic ingredient based toiletries, hair care soaps, baby toiletries, lighting products, and hydraulic cylinders. In the 1980s, the young entrepreneur, recognising the importance of the emerging IT field, took advantage of the vacuum left behind by the expulsion of IBM from India, changed the company name to Wipro and entered the high- technology sector by manufacturing minicomputers in technological collaboration with an American company Sentine Computer Corporation. Thereafter Premji made a focused shift from soaps to software. Premji has been recognised by Business Week as one of the Greatest Entrepreneurs for being responsible for Wipro emerging as one of the world's fastest growing companies.* In 2000, he was conferred an honorary doctorate by the Manipal Academy of Higher Education. * In 2006, Azim Premji was awarded Lakshya Business Visionary by National Institute of Industrial Engineering, Mumbai. * In 2009, he was awarded an honorary doctorate from Wesleyan University in Middletown, Connecticut for his outstanding philanthropic work. * In 2015, Mysore University conferred an honorary doctorate on him. * In 2005, the Government of India honoured him with the title of Padma Bhushan for his outstanding work in trade and commerce. * In 2011, he has been awarded Padma Vibhushan, the second highest civilian award by the Government of India. © In April 2017, India Today magazine ranked him 9th in India's 50 Most powerful people of 2017 list. * In 2018, Premji was conferred with Chevalier de la Légion d'Honneur (Knight of the Legion of Honour) - the highest French civilian distinction by the French Government. * In December 2019, Premji was cited by Forbes magazine as one of the 'Heroes of Philanthropy list of 30 altruists' in the Asia-Pacific region. Azim Premji Foundation © In 2001, he founded Azim Premji Foundation,a non-profit organization, * In December 2010, he pledged to donate US$2 billion for improving school education in India. This has been done by transferring 213 million equity shares of Wipro Ltd, held by a few entities controlled by him, to the Azim Premji Trust. * This donation is the largest of its kind in India. * In March 2019, Premji pledged an additional 34% of Wipro stock held by him to the foundation. ¢ At a current value of about US$7.5 billion, this allocation will bring the total endowment from him to the foundation to US§21 billion. In May 2020, the Azim Premji Foundation collaborated with the National Centre for Biological Sciences, and the Institute for Stem Cell Science and Regenerative Medicine for augmenting testing infrastructure to deal with the corona virus pandemic. * The foundation has warned against scam e-mails which claim to be from. the foundation and falsely request donations, The Giving Pledge * Premji has said that being rich “did not thrill" him. He became the first Indian to sign up for The Giving Pledge, a campaign led by Warren Buffett and Bill Gates, to encourage the wealthiest people to make a commitment to give most of their wealth to philanthropic causes. He is the third non-American after Richard Branson and David Sainsbury tu ‘ain this philanthropy club."I strongly believe that those of us, who are privileged to have wealth, should contribute significantly to try and create a better world for the millions who are far less privileged"--- - Azim Premji (AP) * In April 2013, he said that he has already given more than 25 per cent of his personal wealth to charity. ¢ In July 2015, he gave away an additional 18% of his stake in Wipro, taking his total contribution so far to 39%. ¢ The first Indian to sign the Giving Pledge, his lifetime giving now stands at US$21 billion. © In April 2019, Azim Premji became the main Indian philanthropist. 4.2.2 Ratan Tata ¢ Ratan Naval Tata (Born 28 December, 1937) is an Indian industrialist, philanthropist, and a former chairman of Tata Sons. * He was also chairman of Tata Group from 1990 to 2012 and again, as interim chairman, from October 2016 through February 2017, and continues to head its charitable trusts. * He is the recipient of two of the highest civilian awards of India, the Padma Vibhushan (2008) and Padma Bhushan (2000). © He is well known for his business ethics and philanthropy. © Born in 1937, he is a scion‘of the Tata family and great-grandson of Jamsetji Tata, the founder of Tata Group. © He is an alumnus of the Cornell University College of Architecture and Harvard Business School through the Advanced Management Programme that he completed in 1975. * He joined his company in 1961 when he used to work on the shop floor of Tata Steel, and was the apparent successor to J. R. D. Tata upon the latter's retirement in 1991. ¢ During Ratan Tata's chairmanship of 21 years, revenues grew over 40 times, and profit, over 50 times. © He got Tata Tea to acquire Tetley, Tata Motors to acquire Jaguar and Land Rover, and Tata Steel to acquire Corus, in an attempt to turn Tata from a largely India- centrist group into a global business. ° Ratan Tata was born in Bombay, (now Mumbai), on 28 December 1937 and is the son of Naval Tata (born in Surat). © His biological maternal Grandmother had been the sister of Hirabai Tata, wife of group founder Jamshedji Tata. * His biological grandfather, Hormusji Tata, had belonged to the broader Tata family; Ratan therefore was a Tata by birth.Parents Naval and Sonoo Separated in 1948 when Ratan was 10, and he was subsequently raised by the widow of Sir Ratanji Tata, his grandmother, Navajbai Tata, who formally adopted him through the J. N. Petit Parsi Orphanage. He has a half-brother, Noel Tata (from Naval Tata's second marriage with Simone Tata), with whom he was raised. His first language is Gujarati. He studied at the Campion School, Mumbai till the 8th class, followed by Cathedral and John Connon School, Mumbai and at Bishop Cotton School in Shimla, and in 1955, graduated from Riverdale Country School in New York City. In 1959, he then received a degree in Architecture from Cornell University and in 1975, attended the seven-week Advanced Management Programme of Harvard Business School an institution which he has since endowed. Promoted to management during the 1970s; he then endured trial by or deal and was able to turn Group company National Radio and Electronics (NELCO) around, only to see it collapse during an economic slowdown. In 1991, J. R. D. Tata stepped down as chairman of Tata Sons, naming him as his successor. When he settled down into the new role, he faced stiff resistance from many companies heads, some of whom had spent decades in their respective companies and rose to become very powerful and influential due to the freedom to operate under JRD Tata. He began replacing them by setting a retirement age and then made individual companies report Operationally to the group office and made each contribute some of their profit to build and use the Tata group brand, Innovation was given priority and younger talent was infused and given responsibilities. Under his stewardship, overlapping operations in group companies were streamlined into a synergised whole with the salt-to-software group exiting unrelated businesses to take on globalisation. During the 21 years, he led the Tata Group revenues grew over 40 times, and profit, over 50 times. Where sales of the group as a whole, over whelmingly came from commodities when he took over, the majority sales came from brands when he exited, He boldly got Tata Tea to acquire Tetley, Tata Motors to acquire Jaguar and Land Rover and Tata Steel to acquire Corus. All this turned Tata from a largely India-centric group into a global business, with over 65% revenues coming from Operations and sales in over 100 countries. He conceptualised the Tata Nano car in 2015. He explained in an interview for the Harvard Business School's Creating Emerging Markets project, the development of the Tata Nano was significant because it helped put cars at a Price-point within reach of the average Indian consumer,* Ratan Tata resigned his executive powers in the Tata group on 28 December, 2012 upon turning 75 appointing as his successor Cyrus Mistry, the 44-year-old son of Pallonji Mistry of the Shapoorji Pallonji Group, the largest individual shareholder of the group and related by marriage. * On 24 October 2016, Cyrus Mistry was removed as the chairman of Tata Sons and Ratan Tata was made interim chairman. * The decision went through intense media scrutiny that made many scrutinize the root causes of the sudden removal and the resultant crisis. * Aselection committee was formed to find a successor. © The selection committee consisted of Mr. Tata, TVS Group head Venu Srinivasan, Amit Chandra of Bain Capital, former diplomat Ronen Sen and Lord Kumar Bhattacharya. All of them, except Mr. Bhattacharya were on the board of Tata Sons. On 12 January 2017, Natarajan Chandrasekaran was named as the chairman of Tata Sons, a role he assumed in February 2017. * Tata invested personal savings in Snapdeal: one of India's leading e-commerce websites -and in January 2016, Teabox, an online premium Indian Tea seller, and CashKaro.com, a discount coupons and cash-back website. ¢ He has made small investments in both early and late stage companies in India, such as INR 0.95 Cr in Ola Cabs. ¢ In April 2015, it was reported that Tata had acquired a stake in Chinese smartphone start-up Xiaomi. * In October 2015, he partnered with American Express, investing in Bitcoin venture Abra. * In 2016, he invested in Nestaway an online portal to find fully furnished flats for bachelors which later acquired Zenify to start family rental segment and online pet care portal, Dogspot. * Tata Motors rolled out the first batch of Tigor Electric Vehicles from its Sanand Plant in Gujarat, regarding which Ratan Tata said, "Tigor indicates a willingness to fast-forward India's electric dream. The government has set an ambitious target to have only electric cars by 2030." Philanthropy Tata is a supporter of education, medicine and rural development and considered a leading philanthropist in India. * Tata supported University of New South Wales Faculty of Engineering to develop capacitive deionization to provide improved water for challenged areas. * Tata Education and Development Trust, a philanthropic affiliate of Tata Group, endowed a $28 million Tata Scholarship Fund that will allow Cornell University to provide financial aid to undergraduate students from India.* The scholarship fund will support approximately 20 scholars at any given time and will ensure that the very best Indian students have access to Cornell, regardless of their financial circumstances, The scholarship will be awarded annually; recipients will receive the scholarship for the duration of their undergraduate study at Cornell. * In 2010, Tata Group companies and Tata charities donated $ 50 million for the Construction of an executive center at Harvard Business School (HBS). * The executive center has been named Tata Hall, * The total construction costs have been estimated at $100 million. * Tata Hall is located in the northeast corner of the HBS campus and is devoted to the Harvard Business School's mid-career Executive Education programme. * Itis seven stories tall and about 155,000 gross square feet. * It houses approximately 180 bedrooms, in addition to academic and multi-purpose spaces. * Tata Consultancy Services (TCS) has given the largest ever donation by a company to Carnegie Mellon University (CMU) for a facility to research in cognitive systems and autonomous vehicles. * TCS donated $35 million for this grand 48,000 square-foot building that is going to be called TCS Hall, © In 2014, Tata Group endowed the Indian Institute of Technology, Mumbai and formed the Tata Center for Technology and Design (TCTD) to develop design and engineering principles suited to the needs of people and communities with limited resources, * They gave % 950 million to the institute which was the largest ever donation received in its history. * Tata Group, under the leadership of Ratan Tata formed the MIT Tata Center of Technology and Design at Massachusetts Institute of Technology (MIT) with a mission to address the challenges of resource-constrained communities with an initial focus on India. Board Memberships and Affiliations * He was the interim chairman of Tata Sons, He continues to head the main two Tata trusts, Sir Dorabji Tata Trust and Sir Ratan Tata Trust and their allied trusts, with a combined stake of 66% in Tata Sons, Tata group's holding company. * He has served in various capacities in organizations in India and abroad. * He is a member of Prime Minister's ‘Council on Trade and Industry’ and the ‘National Manufacturing Competitiveness Council’. * He is on the jury panel of Pritzker Architecture Prize : considered to be ‘one of the world's premier architecture prizes,* He is a director on the boards of Alcoa Inc., Mondelez International and Board of Governors of the East-West Center. * He is also a member of the board of trustees of University of Southern California, Harvard Business School, Board of Dean's Advisors, X Prize and Cornell University. « He is a member on the board of International Advisory Council at Bocconi University. * He is also a member of the Harvard Business School India Advisory Board (IAB) since 2006 and previously a member of the Harvard Business School Asia-Pacific Advisory Board (APAB) 2001-2006. * In 2013, he was appointed to the Board of Trustees of the Carnegie Endowment for International Peace. © In February 2015, Ratan Tata took an advisory role at Kalari Capital, a venture capital firm founded by Vani Kola. * In October 2016, Tata Sons removed Cyrus Mistry as its Chairman, nearly 4 years after he took over the reins of the over $100 billion conglomerate, Ratan Tata made a comeback, taking over the company's interim boss for 4 months. * On 12 January 2017, Natarajan Chandrasekaran was named as the Chairman of Tata Sons, a role he assumed in February 2017. Honours and Awards © The President, Smt. Pratibha Devisingh Patil presenting the Padma Vibhushan to Shri Ratan Naval Tata at Rashtrapati Bhavan in 2008, © Ratan Tata received the Padma Bhushan in 2000 and Padma Vibhushan in 2008, the third and second highest civilian honours awarded by the Government of India. Ratan Tata's Notable Awards Include Year Name Awarding Organisation Honorary Doctor of Business Ohio State Universi ae Administration io State University Medal of the Oriental Republic of 2004 RRS RN a“ Government of Uruguay Uruguay 2004 | Honorary Doctor of Technology Asian Institute of Technology ional Distinguished 2005 Intemational Cetus B'nai B'rith International Achievement Award 2005 _| Honorary Doctor of Science University of WarwickYear Name Awarding Organisation i itute of Technol 2006 | Honorary Doctor of Science tndlan Institute of Technology Madras | ale For Inspiration and Recognition of I li 2006 | Responsible Capitalism Award Scletice Gal Technology (FIRST) F The London School of Economics 2007 | Honorary Fellowship and Political Science i , Carnegie Endowment for 2007 | Carnegie Medal of Philanthropy iuternaBonal Gace 2008 | Honorary Doctor of Law University of Cambridge ‘i Indian Institute of Technology if 2008 | Honorary Doctor of Science Bombay (Mumbai) I it Ff Te I 2008 | Honorary Doctor of Science RG eTH sHiReotrectiolegy Kharagpur 2008 _| Honorary Citizen Award Government of Singapore The Instituti if Engi i id 2008 | Honorary Fellowship he Institution of Engineering an Technology 2008 _| Inspired Leadership Award The Performance Theatre Honorary Knight Commander of the ty . d road hordenctthsertish Empire (Be) _| United Kingdom 2009 Life Time Contribution Award in Indian National Academy of Engineering for 2008 Engineering Grand Officer of the Order of Merit if 2009 of the Italian Republic Government of Italy 2010 _| Honorary Doctor of Law University of Cambridge 2010__| Hadrian Award World Monuments Fund 2010 _| Oslo Business for Peace award Business for Peace Foundation 2010 Legend in Leadership Award Yale University 2010 | Honorary Doctor of Laws Pepperdine University 2010 _| Business for Peace Award Business for Peace Foundation 2010 _| Business Leader of the Year The Asian Awards. 2012 _| Honorary Fellow[5] The Royal Academy of Engineering "ateEntrepreneurship and Small Business Management__Study of Women Founded Start-Ups in India.... Year Name Awarding Organisation 2012 | Doctor of Business honoris causa University of New South Wales 2012 Grand Cordon of the Order of the Government of Japan Rising Sun 2013 | Foreign Associate National Academy of Engineering 2013 Transformational Leader of the Indian Affairs India Leadership Decade Conclave 2013 Ernst and Young Entrepreneur of the as Year — Lifetime Achievement ans ee 2013 | Honorary Doctor of Business Practice | Carnegie Mellon University 2014 | Honorary Doctor of Business Singapore Management University 2014 _| Sayaji Ratna Award Baroda Management Association Honorary Knight Grand Cross of the 2014 | Most Excellent Order of the British United Kingdom Government Empire (GBE) 2014 | Honorary Doctor of Laws York University, Canada 2015 Honorary Doctor of Automotive Clemson University Engineering 7 Baroda Management Association, 2015 7) caval Ratna Award Honoris Causa, HEC Paris 2016 Soe ee See aa raat Government of France Honour 2018 _| Honorary Doctorate Swansea University 3 Dr. Shiva Nadar * Shiv Nadar (born 14 July 1945) philanthropist. © He is the founder and chairman of HCL Technologies Limited and the Shiv Nadar Foundation. * Nadar founded HCL in the mid-1970s and transformed the IT hardware company into an IT enterprise over the next three decades by constantly reinventing his company's focus. © In 2008, Nadar was awarded Padma Bhushan for his efforts in the IT industry. * Nadar, nicknamed by friends as Magus (Old Persian for "wizard") since the mid- 1990s has focused his efforts on developing the educational system of India through the Shiv Nadar Foundation. is an Indian billionaire industrialist andaac Early Life and Education Nadar was born in 1945 in Moolaipozhi Village, about 10 kilometres (6.2 mi) from Tiruchendur in Thoothukudi district (present), Tamil Nadu, India, His parents were Sivasubramaniya Nadar and Vamasundari Devi. His mother, Vamasundari Devi, is the sister ofS. P. Adithanar, founder of Dina Thanthi newspaper. Nadar studied at Town Higher Secondary School, Kumbakonam, Also, studied in Elango Corporation Higher Secondary School, Madurai. He was admitted into the first form (Sixth Standard) in June 1955 and continued his education in Town High School until June 1957. Later, he joined St. Joseph Boys Higher Secondary School, Trichy, and completed high school education here. Nadar received a pre-university degree in the American College, Madura and a degree in Electrical and Electronics Engineering from PSG College of Technology, Coimbatore. Career Nadar began his career at Walchand group's College of Engineering, Pune (COEP) in 1967. He soon gave it up to begin his own venture, in Partnerships with several friends and colleagues. These partners were Ajai Chowdhry (Ex-Chairman, HCL), Arjun Malhotra (CEO and Chairman, Headstrong), Subhash Arora, Yogesh Vaidya, S. Raman, Mahendra Pratap and DS Puri, The initial enterprise which Nadar and his partners began was Microcomp, a company which focused on selling teledigital calculators in the Indian market HCL was founded in 1976, with an investment of 1,87,000. In 1980, HCL ventured into the international market with the opening of Far East Computers in Singapore to sell IT hardware. The venture reported % 1 million revenue in the first year and continued to address the Singapore operations, Nadar remained the largest shareholder without retaining any management control. Focus on Education and Healthcare In 1996, Nadar founded SSN College of Engineering in Chennai, Tamil Nadu in the name of his father, Sivasubramaniya Nadar. Nadar took an active role in the college activities, including the gifting of € 1 million worth of HCL shares to the college. In 2006, Nadar announced that the college will promote research apart from ensuring that students benefit from foreign university tie-ups. Nadar joined the executive board of Indian School of Business in 2005,© In March 2008, Nadar's SSN Trust announced the setting-up of two Vidyagyan schools in UP for rural students, where free scholarship will be provided for 200 students from 50 districts of Uttar Pradesh. * He visited Town Higher Secondary School in February 2011 and donated computers and other equipment worth = 80 lakhs. © He served as chairman of the board of governors, Indian Institute of Technology Kharagpur (IIT Kharagpur or IIT-KGP), a technical institute until 2014. Personal Life © His only daughter Roshni Nadar is now chairman of HCL. Awards and Accolades © In 2008, the Government of India awarded Nadar with a Padma Bhushan, the third highest civilian award, for his contribution to the IT industry. © In 2007, Madras (Now Chennai) University awarded him an honorary doctorate degree. © Nadar was also recognised as E&Y Entrepreneur of the Year 2007 (Services). © In 1995, he became the Dataquest IT Man of the year. © In 2005, he was bestowed with CNBC Business Excellence Award. * In 2006, he received an honorary fellowship from the All India Management Association. : © In 2011, he was counted amongst Forbes' 48 Heroes of Philanthropy in Asia Pacific. © In 2010, he received the Dataquest Lifetime Achievement Award © In April 2017, India Today magazine ranked Nadar 16th in India's 50 most powerful people of 2017 list. * Nadar has committed more than $1 billion to philanthropy. Points to Remember © Upasana Taku is the Founder at Zaakpay (a payment gateway) and Co-Founder at ‘Mobikwik' (semi-closed mobile wallet). * Anisha Singh is a noted women entrepreneur and is the Founder and CEO of mydala.com. * Sabina Chopra is the co-founder of yatra.com. * Azim H. Premji is an Indian Business Tycoon, inventor, engineer and was the Founder of Wipro Limited. « Ratan Tata is an Indian Industrialist'and a former Chairman of 'Tata Group’. © Dr. Shiva Nadar is the founder and Chairman of HCL Technologies Ltd. (HCL).Questions For Discussion (A) 2. a ee Poe Multiple Choice Que: (a) Delhi (b) Mumbai 1. Upasana Taku finished her Bachelors of Engineering from NIT, (©) Simla (d) Jalandhar is the founder of mydala.com. (a) Upasana Taku (c) Sabina Chopra (b) Anisha Singh (d)_ Dr. Shiva Nadar is the co-founder of yatra.com. (a) Sabina Chopra (b) Azim Premji (c) Ratan Tata (d) Anisha Singh is informally known as the 'Czar' of the Indian IT Industry. (a) N. Narayana Murthi (0) Azim Premji Ans. : (1)-(d), (2)-(b), (3)-(a), (4)-(c). Match the Pairs Group-A Upasana Taku (a) Anisha Singh (b) Sabina Chopra (o) Ratan Tata (d) Dr. Shiva Nadar (e) Ans. : (1)-(b), (2)-(c), (3)-(e), (4)- Sabina Chopra (b) Dr. Shiva Nadar (d) Sabina Chopra Group-B Sayaji Ratna Award "Mobikwik' mydala.com HCL Technologies yatra.com (5)-(d). - Narrate the Entreprenenrial Sketch of Upasana Taku. ._Narrate the Entreprenenrial Sketch of Anisha Singh. . Explain the Entrepreneurial Biography of Azim Premji. . Explain the Entrepreneurial Biography of Ratan Tata. . Write Short Notes: Entrepreneurial sktech of Dr. Shi SEAMS.