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Nandan Nilekani

From Wikipedia, the free encyclopedia
Indian businessman

Nandan Nilekani
Personal details
Born (1955-06-02)June 2, 1955 (age 70)
Bangalore,Mysore State (present-dayKarnataka), India
PartyIndian National Congress[1][2]
Spouse
Children2
EducationBachelor of Technology
Alma materIndian Institute of Technology, Bombay
OccupationNon-executive chairman ofInfosys, and former chairman ofUIDAI
AwardsPadma Bhushan (2006)

Nandan Mohanrao Nilekani is an Indian entrepreneur. He co-foundedInfosys and is the non-executive chairman of Infosys[3] replacing R Seshasayee andRavi Venkatesan, who were the co-chairs of the board, on 24 August 2017. After the exit ofVishal Sikka, Nilekani was appointed non-executive chairman of the board effective 24 August 2017.[4]He was the chairman of theUnique 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 ofIndian National Congress but not active in politics as of 2019.[7] As of October 2025, he is the 100th richest person in India with a net worth of US$3.2 billion.[8]

Early life

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Nandan Nilekani was born inBangalore.[9] His parents Durga and Mohan Rao Nilekani wereKonkani originally fromSirsi in Karnataka.[10][11] His father worked as a general manager of Mysore and Minerva Mills and subscribed toFabian Socialist ideals that influenced Nilekani in his early years. Nilekani's elder brother, Vijay, works in theNuclear Energy Institute in theUnited States.

Nilekani studied at theBishop Cotton Boys' School and St. Joseph's High SchoolDharwad, Karnataka PU CollegeDharwad and received a bachelor's degree inelectrical engineering from theIIT Bombay.[12]

Career

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Information technology

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In 1978 he started his career at the Mumbai-basedPatni Computer Systems, where he met and was interviewed byN.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 colleagueKris 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.[13][14][15] During his five-year tenure as CEO, Infosys' topline grew sixfold to $3 billion.

In 2017 he returned toInfosys after the exit of CEOVishal Sikka to become a chairman. Upon his return he changed power centre fromCalifornia back to itsBengaluru headquarters.[16]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.

Bureaucracy

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Nilekani left Infosys in July 2009 to serve as the chairman of theUnique Identification Authority of India, a cabinet-ranking position that he entered under the invitation of Prime MinisterDr. Manmohan Singh.[13][14] 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.[15] The identification method will bebiometric, and the drive to create thisgovernment database of the entirepopulation of India has been called "the biggest social project on the planet."[17]

They developedAadhaar, 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 EconomistPaul 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.[15] He also sits on several advisory boards, including those of theWorld Economic Forum Foundation and the Bombay Heritage Fund.[19]

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

Nandan Nilekani played a key role in the development of the Unified Payments Interface (UPI),[22][23][24] a system that revolutionized digital payments in India. He was instrumental in its creation while serving as the chairman of the Unique Identification Authority of India (UIDAI) and also led a committee that developed a framework for digital payments. Nilekani envisions a future where the energy sector experiences a similar transformation, drawing parallels to UPI and calling it "the next UPI".

Politics

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Nilekani joinedIndian National Congress in March 2014 and contested from theBangalore South constituency where he lost by 228,575 votes[25] toBJP candidateAnanth Kumar in the2014 Lok Sabha election.[26]

In December 2016, he joined a committee to investigate how people in India could use digital payments to a greater extent.[27]

General election 2014

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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.[28]

2014 Indian general election: Bangalore South[29]
PartyCandidateVotes%
BJPAnanth Kumar633,81656.9%
INCNandan Nilekani405,24136.4%
JD(S)Ruth Manorama25,6772.3%
AAPNina P. Nayak21,4031.9%
Turnout1,113,72655.7%
BJPhold

EkStep

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Nilekani is chairman of EkStep, a non-profit literacy and numeracy platform.[30] 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.[31]

NCAER

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Nilekani is president of the governing body of the New Delhi-based National Council of Applied Economic Research[32] (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

[edit]

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.[33]

Charity

[edit]

In 2017 Nandan and wifeRohini decided to donate 50 percent of their wealth toGiving Pledge, which is a movement organized byBill 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."[34]

He also donated money to rebuild the hostel campus ofIIT Bombay.[35]

In 2008 he also set up the Indian Institute for Human Settlements to help to solve urban challenges for India.[36]

Personal life

[edit]

Nilekani is married toRohini Nilekani (née Soman), whom he met at a quizzing event atIIT.[37] They have two children, Nihar and Janhavi, each of whom has received an undergraduate degree fromYale University.[38] His first language isKonkani. In addition to Konkani, he speaksKannada fluently along withEnglish,Marathi, andHindi. The Nilekani family has a 2.31 percent stake[39] in Infosys as per the quarter ended March 2018.[40]

Honours and awards

[edit]
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 theRotman School of Management at theUniversity of Toronto on 31 May 2011.[41]
  • He receivedNDTV Indian of the Year's Transformational Idea of the Year Award in 2011[42]
  • He was named Corporate Citizen of the Year at the Asia Business Leaders Award (2004) organised by CNBC.[43]
  • Joseph Schumpeter Prize for innovative services in economy, economic sciences and politics – 2005.[44]
  • In 2009,Time magazine placed Nilekani in theTime 100 list of 'World's Most Influential People'[45]
  • Was presented the 'Legend in Leadership Award' by theYale University in November 2009. He is the first Indian to receive the top honour.[46]
  • In January 2006, Nilekani became one of the youngest entrepreneurs to join 20 global leaders on theWorld Economic Forum (WEF) Foundation Board.[19]
  • Nilekani was awarded India's third highest civilian award, thePadma Bhushan, in 2006.[47]
  • Also in 2006, he was named Businessman of the Year by Forbes Asia.[48]
  • India Today magazine ranked him 12th in India's 50 most powerful people of 2017 list.[49]
  • 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.[50]
  • He received the 22nd Nikkei Asia Prize for Economic & Business Innovation 2017.[50]
  • Awarded Doctor of Science (Honoris Causa) by IIT Bombay during the Institute's 57th Convocation, in 2019.[51]

Bibliography

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References

[edit]
  1. ^"Election Results 2014: Karnataka's Nandan Nilekani Loses on Political Debut".NDTV. Retrieved19 February 2019.
  2. ^"Failing at politics--successfully, the Nandan Nilekani way".VCCIRCLE. 6 January 2016. Retrieved19 February 2019.
  3. ^"Infosys - Nandan M. Nilekani: Co-founder and Non-Executive Chairman of the Board | Management Profiles".www.infosys.com. Retrieved26 May 2020.
  4. ^Limited, Infosys."Infosys' Mr. Nilekani is Non Executive Chairman of Board".www.Infosys.com. Retrieved19 January 2018.{{cite web}}:|last= has generic name (help)[permanent dead link]
  5. ^Infosys Technologies Limited."Nandan M Nilekani Appointed as Chairperson of Unique Identification Authority of India". Infosys. Archived fromthe original on 2 March 2017. Retrieved14 September 2016.
  6. ^Special Correspondent (7 June 2010)."Finance Ministry sets up technology advisory group".The Hindu. Retrieved10 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. Archived fromthe original on 28 January 2016. Retrieved22 December 2015.
  8. ^"India's 100 Richest".forbes.com.
  9. ^Self."About Nandan Nilekani". self. Archived fromthe original on 18 April 2014. Retrieved18 April 2014.
  10. ^Srinivasaraju, Sugata (5 February 2022)."Tongue In A Twist".Outlook. Retrieved26 July 2023.
  11. ^"Times of India".
  12. ^"Nandan Nilekani | Alumni and Corporate Relations".www.iitb.ac.in. Retrieved26 May 2020.
  13. ^ab"Rs. 100 crore for Unique Identification Project",The Hindu, Chennai, India, 17 February 2009, archived fromthe original on 23 February 2009, retrieved26 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 ...
  14. ^ab"What exactly is the Unique ID project?",ciol.com, 26 June 2009, archived fromthe original on 26 July 2011, retrieved11 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 ...
  15. ^abcBackground. uidai.gov.in
  16. ^Nandan Nilekani may announce a fresh strategy for Infosys
  17. ^Parker, Ian (3 October 2011)."The I.D. Man".The New Yorker. Condé Nast. pp. 26–34. Retrieved6 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. ^abNandan 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. Retrieved28 June 2009.
  21. ^TED2009."Nandan Mohan Nilekani's ideas for India's future | Video on". Ted.com. Retrieved10 April 2013.{{cite web}}: CS1 maint: numeric names: authors list (link)
  22. ^https://economictimes.indiatimes.com/news/india/next-upi-infosys-co-founder-nandan-nilekani-says-this-new-tech-on-roofs-will-create-millions-of-entrepreneurs/articleshow/119642817.cms?from=mdr
  23. ^https://www.ndtv.com/india-news/aadhar-creator-nandan-nilekani-predicts-indias-next-upi-style-revolution-8043719
  24. ^https://www.npci.org.in/who-we-are/advisors/nandan-nilekani
  25. ^"Constituencywise-All Candidates".ECIResults.nic.in. Archived fromthe original on 17 May 2014. Retrieved19 January 2018.
  26. ^"Congress's first list for LS polls: Rahul, Sonia, Nilekani among 194 candidates named".The Times of India. PTI. 8 March 2014. Retrieved8 March 2014.
  27. ^"Nilekani: Nandan Nilekani joins battle to map India's post-cash future".The Economic Times. Retrieved4 January 2017.
  28. ^Reporter, B. S. (9 April 2014)."Nilekani richest candidate in 2014 polls".Business Standard India. Retrieved19 January 2018 – via Business Standard.
  29. ^"Constituency wise detailed result". ECI.
  30. ^"EkStep".www.ekstep.org. Archived fromthe original on 23 December 2015. Retrieved22 December 2015.
  31. ^Mishra, Bibhu Ranjan (14 November 2015)."Nilekanis' EkStep clicks education with its first app".Business Standard India. Retrieved22 December 2015.
  32. ^"NCAER - Quality. Relevance. Impact".www.NCAER.org. Retrieved19 January 2018.
  33. ^"Want to invest in start-ups? Nandan Nilekani reveals how he chooses them".HindustanTimes.com/. 25 September 2016. Retrieved27 December 2016.
  34. ^Nandan Nilekani, wife Rohini to donate half of their wealth under Giving Pledge
  35. ^"Hostel 8 – Upgradation and Maintenance | Alumni and Corporate Relations".www.alumni.iitb.ac.in. Archived fromthe original on 9 July 2021. Retrieved8 July 2021.
  36. ^"Indian Institute for Human Settlements | Board & Founding Members". Archived fromthe original on 3 August 2022.
  37. ^"School and IIT". Imagining India. Archived fromthe original on 25 July 2009. Retrieved28 June 2009.
  38. ^"Nilekeni's daughter to wed her Yale senior".The Indian Express. 17 August 2011. Retrieved15 April 2014.
  39. ^"Infosys Investor Relations".Infosys.
  40. ^"Nandan Nilekani likely to return as Infosys head: Sources".Moneycontrol. Retrieved19 January 2018.
  41. ^"Watch Nandan Mohan Nilekani's address to Convocation".alumni.utoronto.ca/. Archived fromthe original on 8 April 2014. Retrieved5 April 2014.
  42. ^"NDTV Indian of the Year 2011".ndtv.com. Retrieved19 October 2011.
  43. ^India Today Youth Summit 2010, 25 September, New Delhi. Indiatoday.intoday.in (25 September 2010). Retrieved on 13 December 2012.
  44. ^"The story continues". Imagining India. Archived fromthe original on 26 July 2009. Retrieved28 June 2009.
  45. ^The 2009 TIME 100 – Nandan Mohan NilekaniTime.
  46. ^"Nandan Nilekani to be given Legend in Leadership award by Yale - Times of India".The Times of India. 3 November 2009. Retrieved19 January 2018.
  47. ^Padma Bhushan Awardees – Padma Awards – My India, My Pride – Know India: National Portal of India. India.gov.in. Retrieved on 13 December 2012.
  48. ^Nilekani as Businessman of the Year: Forbes Asia – Oneindia News . News.oneindia.in (1 December 2006). Retrieved on 13 December 2012.
  49. ^"India's 50 powerful people".India Today. 14 April 2017.
  50. ^ab"Infosys - Nandan M. Nilekani: Co-founder and Chairman of the Board | Management Profiles".
  51. ^"IIT Bombay 57th Convocation Ceremony". IIT Bombay. Retrieved21 September 2019.

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