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People who know Shiv Nadar call him Magus, 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% The list of the Richest Indians list is as follows...with their rankings in the Forbes' list.
All figures in US Dollars |
![]() Shiv Nadar Bio-Data Name: Shiv Nadar Age : 53 Marital Status: Married Net Worth : $(US) 1.2 billion Company : HCL Group(Infotech) Based at : Delhi,USA |
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