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Nandan Nilekani

Nandan Nilekani
Nilekani in 2007 in World Economic Forum, Cologny, Switzerland
Personal details
BornBangalore, Mysore State (present-day Karnataka), India
Political partyIndian National Congress[1][2]
EducationBachelor of Technology
Alma materIndian Institute of Technology, Bombay
OccupationNon-executive chairman of Infosys, and former chairman of UIDAI
AwardsPadma Bhushan (2006)

Nandan Mohanrao Nilekani is an Indian entrepreneur. He co-founded Infosys and is the non-executive chairman of Infosys[3] replacing R Seshasayee and Ravi Venkatesan, who were the co-chairs of the board, on 24 August 2017. After the exit of Vishal Sikka, Nilekani was appointed as non-executive chairman of the board effective 24 August 2017.[4] He was the chairman of the Unique Identification Authority of India (UIDAI).[5] After a successful career at Infosys, he headed the Government of India's technology committee, TAGUP.[6] He is a member of Indian National Congress but not active in politics as of 2019.[7]

Early life

Nandan Nilekani was born in Bangalore.[8] His parents Durga and Mohan Rao Nilekani were Konkani originally from Sirsi in Karnataka.[9][10] His father worked as a general manager of Mysore and Minerva Mills and subscribed to Fabian Socialist ideals that influenced Nilekani in his early years. Nilekani's elder brother, Vijay, works in the Nuclear Energy Institute in the United States.

Nilekani studied at the Bishop Cotton Boys' School and St. Joseph's High School Dharwad, Karnataka PU College Dharwad and received a bachelor's degree in electrical engineering from the IIT Bombay.[11]

Career

Information technology

In 1978 he started his career at the Mumbai-based Patni Computer Systems, where he met and was interviewed by N.R. Narayana Murthy. In 1981, Nilekani, Murthy, and five others left Patni to start their own company, Infosys. Nilekani became the chief executive officer of Infosys in March 2002 and served as CEO of the company through April 2007, when he relinquished his position to his colleague Kris Gopalakrishnan and became co-chairman of the board of directors. Before assuming leadership as CEO in 2002, Nilekani held various posts, including managing director, president, and chief operating officer. He served as its CEO from March 2002 to April 2007.[12][13][14] During his five-year tenure as CEO, Infosys' topline grew sixfold to $3 billion.

In 2017 he returned to Infosys after the exit of CEO Vishal Sikka to become a chairman. Upon his return he changed power centre from California back to its Bengaluru headquarters.[15] Also, such people as R. Seshasayee (a chairman and board director), Ravi Venkatesan (a co-chairman), Sikka (executive vice chairman and director), and Jeffrey Lehman and John Etchemendy (directors) resigned from their posts.[16]

Bureaucracy

Nilekani left Infosys in July 2009 to serve as the chairman of the Unique Identification Authority of India, a cabinet-ranking position that he entered under the invitation of Prime Minister Dr. Manmohan Singh.[12][13] As chair of the UIDAI he was responsible for implementing the envisioned Multipurpose National Identity Card, or Unique Identity card (UID Card) project in India. This initiative aims to provide a unique identification number for all residents of India and will be used primarily as the basis for the efficient delivery of welfare services.[14] The identification method will be biometric, and the drive to create this government database of the entire population of India has been called "the biggest social project on the planet."[17]

They developed Aadhaar, which is an Indian biometric ID system, a database, which contains demographic information, home addresses of Indians. In April 2017 1.14 billion Indian people got their ID number. In 2016, World Bank Chief Economist Paul Romer called Aadhaar “the most sophisticated ID programme in the world.” This program is criticized for violating people's privacy and exposing personal information.[18]

He is a member of the board of governors of the Indian Council for Research on International Economic Relations (ICRIER) and the president of NCAER.[14] He also sits on several advisory boards, including those of the World Economic Forum Foundation and the Bombay Heritage Fund.[19]

Nilekani has appeared on The Daily Show with Jon Stewart to promote his book Imagining India: The Idea of a Renewed Nation [20] and spoke at a TED conference in 2009 on his ideas for India's future.[21]

Politics

Nilekani joined Indian National Congress in March 2014 and contested from the Bangalore South constituency where he lost by 228,575 votes[22] to BJP candidate Ananth Kumar in the 2014 Lok Sabha election.[23]

In December 2016, he joined a committee to investigate how people in India could use digital payments to a greater extent.[24]

General election 2014

According to news reports, he was the richest candidate for the 2014 Lok Sabha elections with declared assets worth Rs 7,710 crore in his affidavit filed before the Election Commission.[25]

2014 Indian general election: Bangalore South[26]
Party Candidate Votes %
BJP Ananth Kumar 633,816 56.9%
INC Nandan Nilekani 405,241 36.4%
JD(S) Ruth Manorama 25,677 2.3%
AAP Nina P. Nayak 21,403 1.9%
Turnout 1,113,726 55.7%
BJP hold

EkStep

Nilekani is chairman of EkStep, a non-profit literacy and numeracy platform.[27] Set up by the Nilekanis with an initial commitment of $10 million (about Rs 82 crore), EkStep looks at solving the 'learning problem' by creating a technology-led platform to help children in improving their 'learning outcomes' quite early in their life. EkStep intends to do it using gamified apps, hosted in the Google Play Store.[28]

NCAER

Nilekani is president of the governing body of the New Delhi-based National Council of Applied Economic Research[29] (NCAER), India’s largest and oldest non-profit economic research think tank. NCAER, established in 1956, does grant-funded independent economic policy research and sponsored research studies for governments and industry. Its work covers almost all branches of economics, from economic forecasting to poverty analysis. NCAER is among a handful of think tanks globally that collect primary survey data on a scientific, national basis covering households, enterprises, consumers, and individuals. NCAER’s economic and social data sets are used widely for research and analysis on India.

Investments

Nilekani is also a serial investor and he has invested in technologoy startups including 10i Commerce, Juggernaut, Mubble Networks, Fortigo, P2SME, Railyatri, Axiom Consulting, Systemantics India, Sedemac Mechatronics, Disha Medical Services, Tracxn Technologies, and LetsVenture.[30]

Charity

In 2017 Nandan and wife Rohini decided to donate 50 percent of their wealth to Giving Pledge, which is a movement organized by Bill Gates. The reason why they joined this movement was as following: "We see inequality is increasing sharply in most countries. We see the young and the restless in this interconnected globe, unsure of their future, wanting more but anticipating less."[31]

He also donated money to rebuild the hostel campus of IIT Bombay.[32]

In 2008 he also set up the Indian Institute for Human Settlements to help to solve urban challenges for India.[33]

Personal life

Nilekani is married to Rohini Nilekani (née Soman), whom he met at a quizzing event at IIT.[34] They have two children, Nihar and Janhavi, each of whom has received an undergraduate degree from Yale University.[35] His first language is Konkani. In addition to Konkani, he speaks Kannada fluently along with English, Marathi, and Hindi. The Nilekani family has a 2.31 percent stake[36] in Infosys as per the quarter ended March 2018.[37]

Honours and awards

The President, Dr. A.P.J. Abdul Kalam presenting the Padma Bhushan Award – 2006 to Shri Nandan Mohan Nilekani, one of the founders of Infosys, in New Delhi on 20 March 2006
  • He was awarded an honorary Doctor of Law degree by the Rotman School of Management at the University of Toronto on 31 May 2011.[38]
  • He received NDTV Indian of the Year's Transformational Idea of the Year Award in 2011[39]
  • He was named Corporate Citizen of the Year at the Asia Business Leaders Award (2004) organised by CNBC.[40]
  • Joseph Schumpeter Prize for innovative services in economy, economic sciences and politics – 2005.[41]
  • In 2009, Time magazine placed Nilekani in the Time 100 list of 'World's Most Influential People'[42]
  • Was presented the 'Legend in Leadership Award' by the Yale University in November 2009. He is the first Indian to receive the top honour.[43]
  • In January 2006, Nilekani became one of the youngest entrepreneurs to join 20 global leaders on the World Economic Forum (WEF) Foundation Board.[19]
  • Nilekani was awarded India's third highest civilian award, the Padma Bhushan, in 2006.[44]
  • Also in 2006, he was named Businessman of the Year by Forbes Asia.[45]
  • India Today magazine ranked him 12th in India's 50 most powerful people of 2017 list.[46]
  • In 2017 he received the Lifetime Achievement Award from E & Y. CNBC- TV 18 conferred India Business leader award for outstanding contributor to the Indian Economy-2017.[47]
  • He received the 22nd Nikkei Asia Prize for Economic & Business Innovation 2017.[47]
  • Awarded Doctor of Science (Honoris Causa) by IIT Bombay during the Institute's 57th Convocation, in 2019.[48]

Bibliography

  • Nandan Mohan Nilekani (2009). Imagining India: The Idea of a Renewed Nation (19 March 2009 ed.). Penguin Press HC. p. 528. ISBN 978-1-59420-204-9.
  • Nandan Nilekani; Viral Shah (3 November 2015). Rebooting India: Realizing a Billion Aspirations (3 November 2015 ed.). Penguin Books Limited. p. 340. ISBN 978-81-8475-084-3.

References

  1. ^ "Election Results 2014: Karnataka's Nandan Nilekani Loses on Political Debut". NDTV. Retrieved 19 February 2019.
  2. ^ "Failing at politics--successfully, the Nandan Nilekani way". VCCIRCLE. 6 January 2016. Retrieved 19 February 2019.
  3. ^ "Infosys - Nandan M. Nilekani: Co-founder and Non-Executive Chairman of the Board | Management Profiles". www.infosys.com. Retrieved 26 May 2020.
  4. ^ Limited, Infosys. "Infosys' Mr. Nilekani is Non Executive Chairman of Board". www.Infosys.com. Retrieved 19 January 2018. {{cite web}}: |last= has generic name (help)
  5. ^ Infosys Technologies Limited. "Nandan M Nilekani Appointed as Chairperson of Unique Identification Authority of India". Infosys.
  6. ^ Special Correspondent (7 June 2010). "Finance Ministry sets up technology advisory group". The Hindu. Retrieved 10 April 2013. {{cite news}}: |author= has generic name (help)
  7. ^ "BBMP polls: Nandan Nilekani says he's 'inactive in politics', asks voters to elect the best candidates". IBNLive. Retrieved 22 December 2015.
  8. ^ Self. "About Nandan Nilekani". self. Archived from the original on 18 April 2014. Retrieved 18 April 2014.
  9. ^ Srinivasaraju, Sugata (5 February 2022). "Tongue In A Twist". Outlook. Retrieved 26 July 2023.
  10. ^ "Times of India".
  11. ^ "Nandan Nilekani | Alumni and Corporate Relations". www.iitb.ac.in. Retrieved 26 May 2020.
  12. ^ a b "Rs. 100 crore for Unique Identification Project", The Hindu, Chennai, India, 17 February 2009, archived from the original on 23 February 2009, retrieved 26 June 2009, ... The Unique Identification Authority of India is being established under the aegis of the Planning Commission for which a notification has been issued in January 2009. A provision of Rs. 100 crore has been made in the annual Plan 2009–10 for this ...
  13. ^ a b "What exactly is the Unique ID project?", ciol.com, 26 June 2009, archived from the original on 26 July 2011, retrieved 11 September 2012, ... The appointment of Nandan Mohan Nilekani, the co-chairman of Infosys, as the chairperson of the Unique Identification Authority of India is significant, not only because it marks a departure from the traditional government way of working... it shows that the government has actually put out an effort to hunt the right person for the job ...
  14. ^ a b c Background. uidai.gov.in
  15. ^ Nandan Nilekani may announce a fresh strategy for Infosys
  16. ^ How Nandan Nilekani returned to Infosys
  17. ^ Parker, Ian (3 October 2011). "The I.D. Man". The New Yorker. Condé Nast. pp. 26–34. Retrieved 6 July 2013.
  18. ^ "It Looks Like the Creator of India's Invasive National ID Accidentally Tweeted His Personal Info". gizmodo.com. 11 January 2018.
  19. ^ a b Nandan M. Nilekani | World Economic Forum – Nandan M. Nilekani. Weforum.org. Retrieved on 13 December 2012.
  20. ^ "The Daily Show with Jon Stewart Official Website | Current Events & Pop Culture, Comedy & Fake News | Comedy Central". Thedailyshow.com. 18 March 2009. Retrieved 28 June 2009.
  21. ^ TED2009. "Nandan Mohan Nilekani's ideas for India's future | Video on". Ted.com. Retrieved 10 April 2013.{{cite web}}: CS1 maint: numeric names: authors list (link)
  22. ^ "Page Not Found". ECIResults.nic.in. Retrieved 19 January 2018. {{cite web}}: Cite uses generic title (help)
  23. ^ "Congress's first list for LS polls: Rahul, Sonia, Nilekani among 194 candidates named". The Times of India. PTI. 8 March 2014. Retrieved 8 March 2014.
  24. ^ "Nilekani: Nandan Nilekani joins battle to map India's post-cash future". The Economic Times. Retrieved 4 January 2017.
  25. ^ Reporter, B. S. (9 April 2014). "Nilekani richest candidate in 2014 polls". Business Standard India. Retrieved 19 January 2018 – via Business Standard.
  26. ^ "Constituency wise detailed result". ECI.
  27. ^ "EkStep". www.ekstep.org. Archived from the original on 23 December 2015. Retrieved 22 December 2015.
  28. ^ Mishra, Bibhu Ranjan (14 November 2015). "Nilekanis' EkStep clicks education with its first app". Business Standard India. Retrieved 22 December 2015.
  29. ^ "NCAER - Quality. Relevance. Impact". www.NCAER.org. Retrieved 19 January 2018.
  30. ^ "Want to invest in start-ups? Nandan Nilekani reveals how he chooses them". HindustanTimes.com/. 25 September 2016. Retrieved 27 December 2016.
  31. ^ Nandan Nilekani, wife Rohini to donate half of their wealth under Giving Pledge
  32. ^ "Hostel 8 – Upgradation and Maintenance | Alumni and Corporate Relations". www.alumni.iitb.ac.in. Retrieved 8 July 2021.
  33. ^ "Indian Institute for Human Settlements | Board & Founding Members". Archived from the original on 3 August 2022.
  34. ^ "School and IIT". Imagining India. Archived from the original on 25 July 2009. Retrieved 28 June 2009.
  35. ^ "Nilekeni's daughter to wed her Yale senior". The Indian Express. 17 August 2011. Retrieved 15 April 2014.
  36. ^ "Infosys Investor Relations". Infosys.
  37. ^ "Nandan Nilekani likely to return as Infosys head: Sources". Moneycontrol. Retrieved 19 January 2018.
  38. ^ "Watch Nandan Mohan Nilekani's address to Convocation". alumni.utoronto.ca/. Archived from the original on 8 April 2014. Retrieved 5 April 2014.
  39. ^ "NDTV Indian of the Year 2011". ndtv.com. Retrieved 19 October 2011.
  40. ^ India Today Youth Summit 2010, 25 September, New Delhi. Indiatoday.intoday.in (25 September 2010). Retrieved on 13 December 2012.
  41. ^ "The story continues". Imagining India. Archived from the original on 26 July 2009. Retrieved 28 June 2009.
  42. ^ The 2009 TIME 100 – Nandan Mohan Nilekani Time.
  43. ^ "Nandan Nilekani to be given Legend in Leadership award by Yale - Times of India". The Times of India. 3 November 2009. Retrieved 19 January 2018.
  44. ^ Padma Bhushan Awardees – Padma Awards – My India, My Pride – Know India: National Portal of India. India.gov.in. Retrieved on 13 December 2012.
  45. ^ Nilekani as Businessman of the Year: Forbes Asia – Oneindia News. News.oneindia.in (1 December 2006). Retrieved on 13 December 2012.
  46. ^ "India's 50 powerful people". India Today. 14 April 2017.
  47. ^ a b "Infosys - Nandan M. Nilekani: Co-founder and Chairman of the Board | Management Profiles".
  48. ^ "IIT Bombay 57th Convocation Ceremony". IIT Bombay. Retrieved 21 September 2019.
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