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" A residential school also takes cares of the problem of malnourishment and interaction with their peers, and their teachers help build the qualities of a leader. "
Shiv Nadar
Leader
Help
Teachers
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" My daughter has no interest in succeeding me in the business. She is going towards social entrepreneurship, an area she is interested in. "
Shiv Nadar
Daughter
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" Each quarter, Indian IT firms publish their results, and these are broadcast on CNBC. From the comfort of their boardrooms, executives say how many new employees have been added, how many more Fortune 500 companies have been signed up as clients, how many million-dollar companies were added, and so on. "
Shiv Nadar
New
Comfort
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" Any institutions' alumni are key to its growth. We are focused on giving a global experience to our students. "
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Experience
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" India's connection with philanthropy didn't begin with western influences. The connection with philanthropy is age-old and ingrained in our value systems. "
Shiv Nadar
Philanthropy
Connection
India
" Shiv Nadar University was established in 2011, and our first batch graduated in 2015. The first batch mostly had engineering courses and a B.Sc. programme in Mathematics. "
Shiv Nadar
Engineering
University
Mathematics
" The FM proposed to set up a Credit Guarantee Fund to ensure better flow of funds to students. "
Shiv Nadar
Fund
Flow
Up
" If you go to Wall Street, there is someone from Harvard, Stanford, etc, who relate to each other by the batch they studied in, the dorm they lived in, and so on. "
Shiv Nadar
Someone
You
Street
" Our belief is that aspirations, meritocracy, and a world class institution are the three ingredients our country needs. "
Shiv Nadar
World
Class
Country
" Most people make poor partners because their mental script has a defect. They believe focus means looking after their own interests. It's a script error. "
Shiv Nadar
Believe
Own
People
" I would like to share something that is being done extremely well by Bill Gates through the Bill & Melinda Gates Foundation. The foundation is only going to address areas which are seen by Bill or Melinda as ills of the world. The foundation has no perpetuity. "
Shiv Nadar
World
Like
Going
" Buffett gave significant portions of his wealth to the Bill and Melinda Gates Foundation. Buffett made money for 50 years before he donated. "
Shiv Nadar
Years
Money
Foundation
" An 18-year-old is good enough for our business, and we can teach them engineering in two years. "
Shiv Nadar
Enough
Business
Good
" Any organisation has to go through at least one depression to see how it survives, and a normal economic cycle takes seven years. "
Shiv Nadar
Normal
How
Go
" There is only one entity which I built, which is HCL. And the legacy which I want to leave behind that is in my name. There is only one thing which bears my name in the doorsteps - that is only the University and the foundation. And that legacy will not have a price tag. "
Shiv Nadar
Foundation
Want
Price
" If you get to think of sharing wealth with people who need it and the purposes that need it, it gives a very different sense of satisfaction. I think I can build an institution which is very unlike the Gates' foundation. Gates' foundation is totally project-driven, that will serve a specific purpose and then self-destruct. "
Shiv Nadar
You
Think
Purpose
" My colleagues and I were engineers who worked for DCM's calculator division. These electronic calculators used digital integrated circuits, and then they started using chips. The advanced versions of those chips were used for programmable calculators, which were the forerunners of PCs. "
Shiv Nadar
Colleagues
Digital
Division
" Supposing I write out a cheque for a billion dollars to the foundation, does it mean anything? There must be evidence of philanthropy. Otherwise, I'm sitting with that money, earning interest exactly the way in my holding company. "
Shiv Nadar
Company
Way
Sitting
" All businessmen - how do they communicate? God knows. Sign language, probably. "
Shiv Nadar
How
Knows
God
" Education is taken for granted. Teaching shops are different from building character. "
Shiv Nadar
Education
Teaching
Character
" The government of India is consistently very advanced. When the world was hesitant on UNIX, we were the first to move in; the RBI said that all banks will implement on UNIX. It worked! "
Shiv Nadar
India
World
Will
" Even before the world had any cognizance of India as an economy, HCL had made a mark with its microprocessor in the '80s. HCL pioneered modern computing. "
Shiv Nadar
Modern
Had
India
" Since its inception, HCL's core focus area has been technology and product development, and hence, we continued to remain in the high end of technology throughout the '90s. "
Shiv Nadar
Development
End
Focus
" The need is schools dedicated exclusively to the rural segment. If we have a child from a village and a city studying in the same class room, the former is bound to lag behind because children from the urban areas have a better start. "
Shiv Nadar
City
Better
Start
" When you are running a business, there is a constant need to reinvent oneself. One should have the foresight to stay ahead in times of rapid change and rid ourselves of stickiness in any form in the business. "
Shiv Nadar
Change
Ahead
Business
" On Sundays, we would travel to the town and watch English movies. This way, we must have ended up watching some 1,000 movies during college. "
Shiv Nadar
Watch
Travel
College
" We invited HP executives to participate in the management and in the board. HCL had this concept of corporate officers since inception in 1999. We had a remuneration committee. Now everyone is talking about nomination and remuneration committee. We had this from 1999. "
Shiv Nadar
Talking
Now
Management
" Shiv Nadar University has five schools with 16 departments offering 14 undergraduate, 10 master's and 13 doctoral programmes. The demand for engineering courses - computer science, engineering, electronics, communication engineering, mechanical engineering - is slightly on the higher side compared to other engineering courses. "
Shiv Nadar
Communication
Engineering
Science
" Education is a very large area, and we have our hands full. For example, SSN has to become a university; we have to keep adding departments like it is with universities in the U.S. "
Shiv Nadar
Become
University
Education
" What happens to a private company that comes out with a quarterly report and an annual report? It gives transparency. It talks of basic issues of governance and transactions with related parties. "
Shiv Nadar
Out
Company
Governance
" The younger you are, the more courage and audacity you will have to set long-term goals and be there to personally work towards your vision. You will have the confidence to take risks because you have time by your side. You can bring innovation into everything you do and constantly reinvent yourself. "
Shiv Nadar
Goals
Work
Time