Achevement: 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 hardwork, vision, and entrepreneurial spirit.