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" 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. "
Shiv Nadar
Right
Land
Time
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" You have to be very skilled in this industry. I grew in this industry; we created the very beginnings of this industry. We made the first PCs (personal computers) in the world. "
Shiv Nadar
You
First
Computers
" 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
" Education is taken for granted. Teaching shops are different from building character. "
Shiv Nadar
Education
Teaching
Character
" 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
" 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
" 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. "
Shiv Nadar
Believe
Mind
Easy
" My student days in PSG saw three Prime Ministers, two wars, taught us courage, resilience, leadership and optimism. "
Shiv Nadar
Leadership
Courage
Optimism
" 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
" I never second-judged my mother. "
Shiv Nadar
Mother
Never
" 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
" If you are calm about your ambitions, you become confident of achieving what you set out to do. "
Shiv Nadar
You
Confident
Achieving
" All businessmen - how do they communicate? God knows. Sign language, probably. "
Shiv Nadar
How
Knows
God
" 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
" We didn't create an institution to increase land value or asset value. "
Shiv Nadar
Institution
Land
Value
" I was with top CEOs in 2009, and they were clearly shaken. Top leaders of Wall Street and elsewhere, shaken. The ones at the top did get by because if they are seeing a decline somewhere, there is also growth elsewhere, like in emerging economies. "
Shiv Nadar
Wall
Top
Street
" I firmly believe that philanthropy is most effective and outcome-oriented when you ensure that your pledge actually gets spent. "
Shiv Nadar
Pledge
You
Philanthropy
" 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
" My daughter is very happy doing philanthropy, especially in the schools. "
Shiv Nadar
Daughter
Happy
Doing
" 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
" 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
" 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
" An 18-year-old is good enough for our business, and we can teach them engineering in two years. "
Shiv Nadar
Enough
Business
Good
" 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
" 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 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
Us
Mother
" 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
" Any institutions' alumni are key to its growth. We are focused on giving a global experience to our students. "
Shiv Nadar
Experience
Alumni
Growth
" 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
" When you take the best of universities in the world, all of them have research and education contiguous; the person who teaches you could be a Nobel laureate. Some subjects are at the tri-junction of many subjects put together. "
Shiv Nadar
Best
Education
Together
" 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