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" 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. "

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" 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

" 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. "

" Any institutions' alumni are key to its growth. We are focused on giving a global experience to our students. "

" 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. "

" 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. "

" 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. "

" I am good at conceptualizing and building institutions. "

" 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. "

" If you look at the leading Indian IT companies, Cognizant is not active in business process outsourcing, and neither is Satyam. "

" 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. "

" HCL is a corporation. It is for profits. A corporation stands for its shareholders, its profits, its employees, its discoveries, and its customers. "

" In large companies, the CEO is very distant from operations. "

" 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. "

" We got our land at the right time, but when we go for additional land for our schools or the museum, there will be extra cost. "

" 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! "

" 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. "

" 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. "

" The moment I write out a cheque, it's an asset I have written off. "

" I was the seventh child in a family of eight siblings. We lost our father very young, and my mother had pretty much single-handedly brought us up. "

Shiv Nadar

Lost

Mother

" Any school which wants to create an impact on the society should work on creating leaders. "

" Though easy to define, it is important to understand the significance of philanthropy. I believe it is really a state of mind: where one feels empowered and equipped to fill the huge gaps in the existing system. "

" 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. "

" 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. "

" The U.S. healthcare industry is undergoing radical transformation with the Affordable Care Act. Evolving thought and business models have little semblance to present mechanisms. "

" One time, the teacher was the storehouse of knowledge. That will no longer be so. So what would a teacher do? A very good teacher will play the role of augmenter. Also, the teacher will be located anywhere and helping students. "

" 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. "

" 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. "

" We need a world class institution which will create leaders out of the children who have not had a good start in life. "

" Buffett gave significant portions of his wealth to the Bill and Melinda Gates Foundation. Buffett made money for 50 years before he donated. "

" Union Budget 2012 has supported industry's long time demand to improve the provision and standards of education in the country. "