Story – This is how Shiv Nadar founded HCL

Shiv Nadar began his career at Walchand group’s Cooper Engineering in Pune in 1967. He soon gave it up to begin his own venture, in partnerships with several friends and colleagues. The initial enterprise which Nadar and his partners began was Microcomp, a company which focused on selling teledigital calculators in the Indian market. HCL was founded in 1976. In 1980, HCL ventured into the international market with the opening of Far East Computers in Singapore to sell IT hardware. The venture reported Rs 1 million revenue in the first year and continued to address the Singapore operations. Nadar remained the largest shareholder without retaining any management control.

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