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Shiv Nadar Quote

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

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.

Tags: time, wealth, you

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About Shiv Nadar

Shiv Nadar (born 14 July 1945) is an Indian billionaire businessman and philanthropist. He was the founder and chairman of HCL Technologies, and is chairman of the Shiv Nadar Foundation. Nadar founded HCL in the mid-1970s and transformed the IT hardware company into an IT enterprise over the next three decades. In 2008, Nadar was awarded Padma Bhushan for his efforts in the IT industry. Nadar, nicknamed by friends as Magus (Old Persian for "wizard"), since the mid-1990s he has focused his efforts on developing the educational system of India through the Shiv Nadar Foundation.
According to Forbes, He is the 3rd richest person in India and the 30th richest person in the world with an estimated net worth of US$40 billion as of February 2024.