Sep 15, 2021
By: Kritti BhallaIndian billionaire Shiv Nadar has entered the elite club of the world’s 50 richest people, as per Forbes. He now sits at the 45th spot.
Credit: Canva
The 76-year-old investor’s net worth has touched $31.1 billion, growing $1.5 billion so far this year.
Credit: Canva
Shiv Nadar is the founder and chairman emeritus of HCL Technologies Limited and the Shiv Nadar Foundation.
Credit: Canva
Shiv Nadar is the largest shareholder of HCL Technologies, which reported a revenue of $10 billion in FY21.
Credit: Canva
HCL’s shares have grown 33.93 percent this year to date. It closed at ₹1,273 on September 15.
Credit: Canva
Shiv Nadar established Shiv Nadar Foundation in 1994 to offer better education opportunities to students across India. The foundation has invested over $896 million in these initiatives.
Credit: Canva
Mukesh Ambani is the richest billionaire in India, followed by Gautam Adani and his family. Shiv Nadar is now at the third spot.
Credit: Canva
Radhakishan Damani, founder of DMart, also entered the top 100 list as his valuation touched $19.7 billion. He is now the fourth richest Indian.
Credit: Canva
Shiv Nadar publicly owns stocks in these firms — HCL Infosystems, HCL Technologies and Universal Office Automation.
Credit: Canva
The majority of gains recorded by Radhakishan Damani’s net worth in 2021 have come from his stake in Avenue Supermarts (DMart). DMart’s shares have grown 83 percent this year to date.
Credit: Canva