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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
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" 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. "
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" My role in the business is to use my judgment. All these years of experience have given me a clear head, and I can give a nonpartisan view with a sense of distance. "
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" There is a disconnect in education and work. And corporates don't do a great job of skilling. In future, corporates and educational institutions will work closely. "
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" Re-skilling has to be much wider with a strong foundation. "
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" In philanthropy, you have to take the attitude of a mother... You have to be patient, and we have been very patient for a long time. "
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" I firmly believe that philanthropy is most effective and outcome-oriented when you ensure that your pledge actually gets spent. "
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" At what age did Warren Buffett come into philanthropy? At 76. He gave a very good reason. He said his wife was considerably younger than him. And all Americans believe they would live till 80, and they do live till 80. He told his wife that when he is gone, she should take care of whatever they need to do. "
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Believe
" 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. "
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Leader
Help
Teachers
" The Bharat Ram family was into philanthropy a way earlier. They build institutes such as Shri Ram College of Commerce, Lady Shri Ram College, and Shri Ram Schools. They are very inspiring. "
Shiv Nadar
Way
Build
College
" We didn't create an institution to increase land value or asset value. "
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Institution
Land
Value
" Working with Roshni gives me lot of confidence. When I started SSN - in 1994, after a windfall gain from HCL-HP then - I was OK to do it alone. My brother, who was supposed to head it, passed away. We had a governing council to run it. That was a leap of faith, and we didn't know where we will get. "
Shiv Nadar
Alone
Confidence
Brother
" Like education, healthcare also needs to be given importance. "
Shiv Nadar
Importance
Education
Like
" 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
" Government, in its ultimate form, is the biggest philanthropher based in the world. And Bill Gates also said that he could do a small part of what the government can do, which is business philanthropy, equalling people and making sure there is inclusiveness. "
Shiv Nadar
People
Government
Business
" I am good at conceptualizing and building institutions. "
Shiv Nadar
Good
Building
I Am
" At the undergraduate level, SNU has a unique 'Opportunities for Undergraduate Research' programme. Students are encouraged to undertake research programmes at the undergraduate level and get trained in the interdisciplinary research. "
Shiv Nadar
Research
Level
Unique
" It is good to start as young as you can. What is more important is to carve out your vision and assess your readiness to start giving. Commitment and purpose are core to giving. "
Shiv Nadar
Vision
Purpose
Good
" Any institutions' alumni are key to its growth. We are focused on giving a global experience to our students. "
Shiv Nadar
Experience
Alumni
Growth
" A 5-acre school each in Noida and Gurgaon is what we have; it costs Rs. 50 crore to buy the land and another Rs. 50 crore to build the property. That's the capital cost alone. "
Shiv Nadar
School
Property
Build
" An 18-year-old is good enough for our business, and we can teach them engineering in two years. "
Shiv Nadar
Enough
Business
Good
" After Independence, there were periods of very high taxation. So you didn't create wealth, how will you distribute it? When was the first time capital gains tax was introduced? It was 1992 March. Till then, everything was taxed one way. "
Shiv Nadar
Independence
You
Wealth
" 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
" Research is creation of knowledge which leads to new and efficient solutions for the society. Shiv Nadar University, therefore, believes in being at the forefront of research. To create new knowledge, one needs to solve open-ended problems, which basically make one think on one's own. "
Shiv Nadar
Research
Knowledge
Think
" Any school which wants to create an impact on the society should work on creating leaders. "
Shiv Nadar
Create
Work
School
" 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
" We need a world class institution which will create leaders out of the children who have not had a good start in life. "
Shiv Nadar
Start
Children
Good
" I have talked about the 'fractal organization'. Those smaller pieces should innovate and lead the rest of the organization. There will be parts that will be thinking about technologies of the future, and you need to nourish them. "
Shiv Nadar
Future
Thinking
Rest
" Education is and will be the most powerful tool for individual and social change, and we must do all that it takes to facilitate it. "
Shiv Nadar
Powerful
Change
Education
" I was a very good student. But I didn't have the latitude to study more. I was never allowed to do anything cross-disciplinary. Why can't an engineering student learn physics? "
Shiv Nadar
Study
Good
Learn
" Major forces that have contributed to the evolution of philanthropy in India in the pre-modern era have mainly been driven by religion, family, and society. The Hindu teaching of 'daan' or 'giving' is present in different ways in almost every celebration or ritual. "
Shiv Nadar
Religion
Family
Giving