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How did Shiv Nadar succeeds by taking risks and making a breakthrough in the computer business(HCL).

Like Garden Moor and Zeff Bezos, Shiv Nadar of India took the risk of leaving a frozen job and venturing into unknown territory. When he started Hindustan Computers Limited (HCL) 31 years ago, he made a big gamble.

So let's know How Shiv Nadar succeeds by taking risks and making a breakthrough in the computer business (HCL).

How did Shiv Nadar succeeds by taking risks and making a breakthrough in the computer business(HCL).
image source: Wikipedia

In 1976, Nadar, 30, worked as an executive at Dehli Cloth Mills (DCM) and was well paid. They are D.C.M. K used to do a respectable job in the calculator division. But like the youth, they also had the courage to do something and did not like the shackles of jobs. Nadar and his five colleagues decided that they would set up a computer company on their own. Due to working in the calculator division, he had so much technical ability to do this job. This was while Apple was preparing its personal computer.

When Shiv Nadar created D.C.M. When he decided to quit his job and start a computer company, his friends and colleagues were shocked. The reason for this was that computer work had started anew and at that time nobody was seeing a bright future of computer. Nadar's well-wishers explained to him that he should not run after the whole roti except half the roti, but he was sure of his dream.

There were many problems on the way. The first and biggest problem was capital. About 20 lakh rupees were needed to set up a computer company. Shiv Nadar and his friends did not have that much money. Shiv Nadar, Arun Malhotra, Subhash Arora, Yogesh Vaidya, D.S. Puri and Ajay Chaudhary set up Micro comp Ltd to collect capital and sold calculators and office supplies. This company was very successful and this brought them enough money to start their biggest dream of making computers in India. In this way, Hindustan Computer Limited started business in 1976 with 20 lakh rupees.

Like many other world-famous companies like Amazon.com, Google, HP, Apple, and Biocon, HCL also started in a garage. The company engaged in the manufacture of hardware. The interesting thing was that even before making the product, Nadar hired IIM Calcutta graduates for his marketing. This showed how much Nadar and his colleagues were confident.

At that time it was difficult to gain a foothold in the field of computers in India, so IBM on the computer market all over the world. Had a monopoly, which was not easy to compete with. But luck favored Shiv Nadar. IBM is upset with the policies of the Government of India. The company left India. HCL decided to take advantage of this opportunity and IBM Resolved to fill in the blanks. HCL did its research and built the product and it made its microcomputer almost at the same time as Apple. Then the company made processors, servers, etc.

Now HCL was ready to go abroad. In 1979, he started a subsidiary in Singapore called Far East Computers. Interestingly, HCL formed its own subsidiary just three years after its establishment. There they did not just sell computers, but the concept of computerization - hardware, software solutions, and service all at once.

HCL shifted focus to a new field - computer training. Nadar saw that the computer age had begun in India, but there was a lack of computer experts or experts. HCL established NIIT in 1981 to impart high quality IT training in India. In 1984, the Government of India announced a new policy, which changed the map of the entire computer industry. The government opened up the computer market and allowed the import of technology.

HCL took advantage of this opportunity and launched its own personal computer market. Within two years, HCL became one of the largest IT companies in India. HCL established HCL HP Limited in 1991 in partnership with HP. Shiv Nadar became so popular that when Bill Gates came to India in 1996, he had a private meeting with him only. In 1997, HCL founded HCL Technologies, a company focused on the software business. 

In 1998, Ajun Malhotra, a friend of Shiv Nadar and co-founder of HCL, left the company and set up his own company, TechSpan. This was a great shock to Shiv Nadar. In addition, there was a need for capital for development. HCL entered the IPO in 1999 on the Indian stock market. Decided to bring, which was highly successful. Its success can be gauged from the fact that the IPO issued for Rs 580. Later it reached Rs 2,800. This was the turning point for HCL.

After this, Shiv Nadar went up the ladder of success. In 2006, HCL was making 75,000 computers every month and employed 34,000 employees, and according to some earlier records, 153,085 employees (Sep, 2020). HCL Technologies founder Shiv Nadar a special meeting with Sir Richard Stagg, British High Commissioner to India 12 October 2009

Shiv Nadar with Sir Richard Stagg


Personal Information:

  • Born: 14 July 1945 (age 75)[1]
  • Birth Place: Moolaipozhi, Tamil Nadu, India
  • Nationality: Indian
  • Education: Bachelor of Arts/Science, PSG College of Technology
  • Alma mater: PSG College of Technology
  • Occupation: Founder of HCL Technologies
  • Founder: Founder of SSN College of Engineering
  • Net worth: US$23 billion (December 2020)[2]
  • Spouse(s): Kiran Nadar
  • Children: Roshni Nadar
  • Awards: Padma Bhushan (2008)
  • Charity: Shivnadar Foundation,  Shiv Nadar School

HCL Technologies Ltd:

HCL Technologies Ltd:


  • Market Cap: 288,232 (Cr.)
  • Book Value: 209 (Rs.)
  • Face Value: 2.00 (Rs.)
  • Net Profit:
  • Mar 2020: 11,057(Cr.)

Conclusion:

Today, HCL founder Shiv Nadar is ranked 103rd on the world's rich list and has assets of $ 26.1B. Starting with an initial capital of $ 3807, the company has now become a $ 23 Billion company and has a worldwide name. This chain of success would never have started if Shiv Nadar and his friends had not taken the risk of leaving the job and jumped into the unknown sea.

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