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Nandan Nilekani is a well-known entrepreneur in India and was one of the original founders of the renowned Indian information technology business Infosys. He is revered and looked up to by members of India’s educated middle class because they consider him as an example of a person who has risen to high heights in life only on the basis of his own abilities. After seeing his father go through a number of job changes and moves throughout the course of his childhood, he made the decision early on in his adult life to start his own business and work for himself.
After attending the IIT, where he was taught to put in long hours and contribute effectively both individually and collectively, he developed the self-assurance and sense of responsibility that had previously been lacking in his life as a youngster growing up in a rural area. He also grasped the significance of giving back to the community, which is an essential component of his character that has remained unaltered despite the passage of a great number of years.
After completing his education and working for a number of years in a company, he made the decision to launch his own business alongside a number of his former coworkers. This resulted in the establishment of the company known as “Infosys,” where he worked in a number of different capacities for the subsequent 28 years. After he left his company, he became the chairman of UIDAI, which stands for the Unique Identity Authority of India. This is a programme that is run by the national government of India, and its goal is to provide a unique identification number to every person who lives in India.
Because he is a philanthropist, he gives significantly to charitable causes, particularly those that aim to provide access to medical care and educational opportunities for disadvantaged members of society.On June 2, 1955, he was born in Bangalore, Karnataka, India to parents who belonged to India’s middle class; their names were Mohan Rao Nilekani and his wife, Durga. In Dharwad, he attended Bishop Cotton Boys’ School and St. Joseph High School for his elementary and secondary schooling, respectively. After that, he went to the Karnataka PU College in Dharwad and eventually received his Bachelor of Technology degree in electrical engineering from the Indian Institute of Technology Bombay in 1978.
In 1978, N.R. Narayana Murthy had an interview with him in order to hire him for his first job, and he was ultimately chosen to work for “Patni Computer Systems,” which was situated in Mumbai.In 1981, he and five other people, including Murthy, quit their employment and started their own firm, which they called “Infosys.” He was one of those people.Over the course of more than twenty years, he worked his way up through the ranks at Infosys, eventually becoming the company’s managing director, president, and chief operating officer. He was appointed Chief Executive Officer (CEO) of Infosys in March 2002 and remained in that role until April 2007 when he stepped down.
In 2007, after he had stepped down from his position as CEO of the corporation, he was elected to the position of co-chairman of the board of directors of the organisation. In July of 2009, he handed in his resignation from Infosys and was appointed chairman of the Unique Identification Authority of India (UIDAI), a position that holds cabinet-level status in India. A book written by him with the title “Imagining India: The Idea of a Renewed Nation” was released the same year (2009). He made his debut in politics during the 2014 Lok Sabha Elections, running as a candidate for the Indian National Congress in the Bangalore South constituency. However, he was defeated by the BJP candidate Ananth Kumar by a margin of 228,575 votes.
Currently, he serves as the head of the “Technology Advisory Committee for Unique Projects” (TAGUP), which is an advisory group established by the government of India to investigate the technological aspects of five significant financial sector projects.In addition to this, he is the President of the National Council of Applied Economic Research (NCAER), which is India’s oldest and most prestigious independent economic research institute. At the present time, he serves on the board of governors for the Indian Council for Research on International Economic Relations.
In addition to this, he sits on the advisory boards of a number of organisations, including the World Economic Forum Foundation and the Bombay Heritage Fund.One of his most important contributions was the founding of the software company Infosys in 1981, which he did in collaboration with Narayana Murthy and a few other industry experts. Over the next twenty years, due to the employees’ tremendous efforts and extraordinary talent, the company rose to become the most prominent name in the Indian information technology industry.
As the chairman of UIDAI, he was in charge of the duty of developing the biometric database of the whole population of India and of providing a one-of-a-kind identity number known as “Aadhaar” for all inhabitants of India. Both of these responsibilities fell under his purview.Over the course of their careers as philanthropists, he and his wife have made substantial donations to charitable organisations working in the fields of water infrastructure, micro-credit, and social research. They contributed a reasonable portion of their riches to the betterment of society, which allowed them to make investments in areas like as education and medical care.
In recognition of his pioneering contributions to the fields of economics, political science, and public policy, he was given the prestigious “Joseph Schumpeter prize” in 2005. He was given the title of “Businessman of the Year” by Forbes Asia in 2006. In 2006, he was presented with the Padma Bhushan, which is the Padma Bhushan, the Republic of India’s third highest civilian award. In 2006, he was one of the youngest businesspeople to join the World Economic Forum (WEF) Foundation Board, which is comprised of 20 executives from around the world.
In 2009, he was named by Time magazine as one of the ‘World’s Most Influential People’ on their list of the Time 100 most influential people in the world. In 2009, he made history by becoming the first ever Indian to receive the coveted ‘Legend in Leadership Award’ bestowed by Yale University. This award is named after him. In 2011, he was honoured with the “Transformational Idea of the Year Award” from the NDTV Indian of the Year competition. He was presented with an honorary Doctor of Laws degree from the Rotman School of Management at the University of Toronto in the year 2011.
He first became acquainted with Rohini at a trivia night, and not long after that, the two of them decided to get married. They have been given the gift of two children, whose names are Nihar and Janhavi. Both of their children are currently enrolled as undergraduates at Yale University, which is located in the United States. The company reported that it has attempted a number of different solutions in an effort to satisfy its payment obligations, such as selling its assets and business as well as obtaining more equity capital, but without success.
According to the company’s filings, “the board of directors considered and evaluated the situation and are of the opinion that, unless the insolvent status of the company is resolved, there is no availability of business prospects nor any long-term financial resources that presents a financially viable alternative to carry on the business activities of the company.” “The board of directors considered and evaluated the situation and are of the opinion that, unless the insolvent status of the company is resolved, there is no availability of business prospects nor any long-term financial
ShopX was established in 2015 and is currently managed by 10i Commerce Services. It began as a business-to-business (B2B) ecommerce platform with the goal of facilitating connections between customers, retailers, and brands. In addition to this, it offered mobile and web applications that assisted offline merchants and kirana stores (also known as corner stores) in moving their businesses online. Since its founding, the company has amassed more than $56 million in capital and has received backing from entities such as Fung Investments.
By June of 2021, it had evolved into a platform that enabled online shopping and assisted fast-moving consumer goods (FMCG) companies in meeting the requirements for nationwide distribution. In December 2021, the firm made its first step into the consumer market by releasing a platform that, in partnership with brands and offline retailers, made it possible for customers to become aware of local stores and deals in their area.
The low margin profile of the industry made it unfeasible for us to operate at scale, and as a result, we had no choice but to make the difficult decision to shut down the business, as stated by a spokesperson for the company. Despite our success in achieving various milestones, we had to make the difficult decision to shut down the business.In spite of the challenging financial situation that the company was going through, the company stated that its shareholders and it placed the utmost importance on “respecting the company’s obligations including those of the employees which were cleared in full.” The company added that this was done.
Nandan Nilekani, co-founder of Infosys, and his venture capital firm Fundamentum Partnership intend to lead or co-lead an investment round of USD 25-40 million by making investments in four or five start-up companies per year. The company made the announcement on Friday that it had successfully secured USD 227 million for its second fund, which will be invested in Indian start-ups that are in the early growth stage. It will provide funding to businesses that have already achieved product-market fit and will place a particular emphasis on tech-driven businesses operating in India’s consumer internet and enterprise software markets.
The corporation will provide financial assistance to businesspeople headquartered in India who are on the verge of graduating from the “start-up” phase and moving on to the “scale-up” phase of their careers. “Digital acceleration, brought on by the epidemic, has drastically increased technology investment around the world,” said Nilekani, co-founder and general partner at Fundamentum. India already possesses all of the necessary components, including capital, entrepreneurs, examples of successful ventures, and liquidity.
Following the first investment made by the fund, the companies that are part of Fundamentum’s portfolio have combined raised more than one billion dollars in subsequent funding rounds. According to Sanjeev Aggarwal, co-founder and general partner, the second fund has received a substantial number of applications over its capacity. The second fund that Fundamentum manages does not currently count any institutional investors among its limited partners. On the other hand, the fund may take on additional Limited Partners, which it is now in conversation with. The second fund will not exceed $250 million in total assets under management at any time.
Due to the creation of this fund, the typical investment ticket size for Fundamentum will range between $10 and $15 million. Additionally, it intends to lead or co-lead rounds ranging from $25 million to $40 million and invest annually in 4-5 new businesses. Fundamentum is to provide funding to businesses that have successfully achieved product-market fit and have established momentum in the process of scaling up. The fund is mostly concerned with Series B and Series C stage funding rounds. In addition to concentrating on established industries, the new fund will prioritise developing markets, such as Bharat Apps, SaaS, and Clean-tech, amongst others.In addition, when asked about the funding drought plaguing the global startup ecosystem, Co-founder and General Partner Nandan Nilekani made the following statement: “We are really bullish and positive about India’s digital transformation spearheaded by the amazing firms that are coming up.
The market is filled with wonderful businesses, and despite this, we are convinced that we must stick to our strategy. It all comes down to the fact that there are wonderful businesses in which we can make investments and contribute to their expansion. When you consider what took place even in the West, you’ll notice that many of the largest corporations emerged victorious from trying times. Facebook was founded just around the time that the financial crisis was beginning. Therefore, these macro events take place, but we remain bullish about Indian companies over the long run.
Nandan Nilekani Phone Number, Email Address, Contact No Information and More Details
Nandan Nilekani Addresses:
Nandan Nilekani, Bengaluru
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Nandan Nilekani Contact Phone Number and Contact Details info
- Nandan Nilekani Phone Number: Private
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- Personal Phone Number: Same as Above
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Social Media Accounts of Content Creator ‘Nandan Nilekani ’
- TikTok Account: NA
- Facebook Account (Facebook Profile): https://www.facebook.com/nandan.nilekani.1
- Twitter Account: https://twitter.com/nandannilekani
- Instagram Account: https://www.instagram.com/nandannilekani
- YouTube Channel: NA
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Personal Facts and Figures
- Birthday/Birth Date: 2 June 1955
- Place of Birth: Bengaluru
- Wife/GirlFriend: NA
- Children: NA
- Age: 67 Years old
- Official TikTok: NA
- Occupation: Non-Executive Chairman of Infosys
- Height: NA
- Salary of Nandan Nilekani: 290 crores USD
- Net worth: 290 crores USD
- Education: Yes
- Total TikTok Fans/Followers: Not Known
- Facebook Fans: Not Known
- Twitter Followers: 2.5M Followers
- Total Instagram Followers: 1050 Followers
- Total YouTube Followers: Not Known
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Some Important Facts About Nandan Nilekani:-
- Nandan Nilekani was born on 2 June 1955.
- His Age is 67 years old.
- His birth sign is Gemini.