IT pioneer Shiv Nadar quits as HCL Tech MD
Appointed as chairman emeritus and adviser
New Delhi, July 19: Shiv Nadar, a pioneer in the Indian IT sector, has stepped down as the managing director and board member of HCL Technologies, a year after handing over the reins of the IT major to his daughter, Roshni Nadar Malhotra.
In July last year, Nadar had stepped down from the chairman's role and Roshni succeeded him, becoming the first woman to chair a listed Indian IT firm. The company has appointed C. Vijayakumar, president and CEO of the company, as the managing director with a title of CEO and MD for a term of five years.
Shiv Nadar, who has completed 76 years of age, will now take on the role of chairman emeritus and Strategic Adviser to the company's board, according to a regulatory filing on Monday.
Shiv Nadar is a pioneer of the computing and IT
industry in India. In 1976, he founded the HCL Group that started off as a technology hardware company, manufacturing the country's first indigenous computers and then evolved into a more comprehensive software services global organisation.
Under Nadar’s leadership, HCL is credited with the first ‘Made in India’ IT product innovations with the first 8-bit microprocessor-based computer in 1978 and the world’s first fine-grained multi-processor UNIX installation in
Under Nadar’s leadership, HCL is credited with the first ‘Made in India’ IT product innovations with the first
8-bit microprocessorbased computer in
1978 and the world’s first fine-grained multiprocessor UNIX installation in 1989.
1989, among others.
HCL played a key role in supporting India's telecom revolution through the creation of the largest mobile distribution network with Nokia.
Nadar focussed his efforts on philanthropic activities and supporting various initiatives, including around education. In 1994, the Padma Bhushan recipient established Shiv Nadar Foundation, which invested $988 million to create institutions of transformational education.