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" The FM proposed to set up a Credit Guarantee Fund to ensure better flow of funds to students. "
Shiv Nadar
Fund
Flow
Up
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" 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
" To us, the definition of philanthropy is what we spend. A P&L account means expenditure, lines of revenue. There is a surplus; it goes to the balance sheet. A transparent foundation should disclose this. "
Shiv Nadar
Foundation
Balance
Philanthropy
" 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. "
Shiv Nadar
Future
Work
Job
" 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
" When I got started in my own engineering course, my interest in physics and maths was very high. After all, engineering is all about applied maths and physics. If I were to learn anything further in physics or mathematics, it simply was not there. "
Shiv Nadar
Learn
Physics
Mathematics
" 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
" 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
" 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
" 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. "
Shiv Nadar
Care
Age
Believe
" The future consists of cross specialisation; that is how university systems abroad have evolved. "
Shiv Nadar
How
University
Future
" 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
" As a product of education, I have always believed in the power of education as the most powerful, high-impact catalyst for transformation. Look at the impact that the Indian Institutes of Technology have had globally. "
Shiv Nadar
Education
Power
Powerful
" 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
" The SSN Institute will be expanded in areas such as liberal arts, social sciences, natural sciences, communications. "
Shiv Nadar
Will
Liberal
Arts
" 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
" Any school which wants to create an impact on the society should work on creating leaders. "
Shiv Nadar
Create
Work
School
" 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
" 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
" 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
" I am good at conceptualizing and building institutions. "
Shiv Nadar
Good
Building
I Am
" The 1980s were fantastic. This was a time when we were at the peak of our creative work. The question of whether we would exist or not - something which everybody used to ask, including ourselves - stopped. Profits kept pace with growth requirements. HCL had credibility - that was the biggest barrier we had to break. "
Shiv Nadar
Growth
Time
Work
" 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
" Adaptability and constant innovation is key to the survival of any company operating in a competitive market. "
Shiv Nadar
Company
Survival
Key
" 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
" 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
Employees
" 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
" It's rare to find an Indian who speaks Chinese. It's rare to find a Chinese who can speak any of the Indian languages. Neither of them at the trading level - I want to repeat this, at the trading level - can speak English, either. "
Shiv Nadar
Find
Rare
Repeat
" Union Budget 2012 has supported industry's long time demand to improve the provision and standards of education in the country. "
Shiv Nadar
Budget
Time
Long Time
" A founder can carry an institution only so far, and then others have to step in, even the alumni. That's how an institution becomes one. "
Shiv Nadar
Step
Alumni
Carry