Nandan Nilekani Net Worth: Infosys Co-founder and Chairman Nandan Nilekani gave Rs 315 crore ($38.5 million) to his old school, the Indian Institute of Technology (IIT) Bombay, to show how much he cares about it. Nilekani gave Rs 85 crore to the school before, bringing the total amount of money he has given to Rs 400 crore. In 1973, Nilekani went to IIT Bombay to get a Bachelor of Science in electrical engineering.
Nandan Nilekani Net Worth
Forbes says that Nandan Nilekani’s real-time net worth as of June 12, 2023, is a whopping $2.6 billion, which is more than Rs 21400 crores.
What is the Salary of Nandan Nilekani?
Nandan Nilekani’s total pay at Infosys Ltd is $77,599 because he is the Non-Executive Non-Independent Chairman of the Board. There are 19 Infosys Ltd employees who are paid more, with Salil Parekh getting the most at $342,700,000.
Nandan Nilekani Contributions
As the founding chairman of the Unique Identification Authority of India (UIDAI), Nandan Nilekani is credited with building Aadhaar. Nandan co-founded EkStep and is now its Chairman. EkStep is a non-profit organization with the goal of creating a learner-centered, technology-based platform to help millions of children improve their basic reading and math skills. The Padma Bhushan was given to him in 2006. Forbes Asia also named him Businessman of the Year. In 2006 and 2009, Time magazine named him one of the 100 most important people in the world.
Nandan Nilekani Contribution to IIT Bombay
Nilekani has worked for the Institute in many different ways over the last 50 years. From 1999 to 2009, he was on the Board of the IIT Bombay Heritage Foundation, and from 2005 to 2011, he was on the Board of Governors. Nilekani and Professor Subhasis Chaudhuri, who is the Director of IIT Bombay, met in Bengaluru on Tuesday to sign the agreement.
“IIT Bombay was a turning point in my life. It shaped my early years and set the stage for the rest of my journey.” Nilekani, who was also the first head of the Unique Identification Authority of India (UIDAI), said, “As I celebrate 50 years of working with this prestigious institution, I am happy to be able to give back and help shape its future.”
“This donation is more than just money. It is a tribute to the place that has given me so much and a promise to the students who will shape our world tomorrow,” he said.
“This historic gift will greatly speed up IIT Bombay’s growth and put it firmly on the path to becoming a world leader. “IIT Bombay is committed to building research and academic excellence that can make India a leader in scientific discovery and how to use it to solve the most important problems facing humanity,” said Chaudhuri. In 1999, Nilekani was given the prestigious Distinguished Alumnus Award. In 2019, as part of the 57th convocation of IIT Bombay, he was also given an Honorary Doctorate.
Nandan Nilekani at Infosys AGM
IT services company Infosys recently gave a capital return of more than Rs 24,100 crore (about USD 3.1 billion) in 2021-22. This included a payment of Rs 31 per share and a buyback of more than Rs 11,000 crore worth of shares. Nandan Nilekani decided on his own that he didn’t want to get paid for the work he did for the company. Nilekani told the company’s 41st Annual General Meeting (AGM) that the company had grown by 19.7% in constant currency in the last fiscal year, bringing in USD 16.3 billion. This is the fastest rise Infosys has seen in the last 11 years.
Nandan Nilekani Biography
Nandan M. Nilekani is the Non-Executive Non-Independent Chairman of the Board of the Company. On August 24, 2017, he came back to the Board. He is one of the people who started Infosys. From March 2002 to April 2007, he was the CEO and MD of the company, and from April 2007 until 2009, he was the Co-Chairman of the company. He left Infosys in 2009 to become the Cabinet Minister in charge of the Unique Identification Authority of India (UIDAI).
In 2017, he came back to the company as the non-executive Chairman of the Board. Mr. Nilekani is the Co-Founder and Chairman of EkStep. This is a non-profit organization whose goal is to build a learner-centered, technology-based platform to help millions of children learn basic reading and math skills. He was named “Asia’s Businessman of the Year” by Fortune magazine in 2003.
In 2005, he won the prestigious Joseph Schumpeter Prize for his innovative work in economics, political science, and economic studies. The Padma Bhushan was given to him in 2006. Forbes Asia named him “Businessman of the Year” in the same year. In 2006 and 2009, TIME magazine named him one of the 100 most important people in the world. In 2010, he was named one of the Top 100 Global Thinkers by Foreign Policy magazine.
He got The Economist Social & Economic Innovation Award for leading India’s Aadhaar project, which gives each person a unique number to identify them. In 2017, EY gave him an award for his lifetime of work. He was given the India Business star award by CNBC TV18 for his great work on the Indian economy in 2017. He also won the 22nd Nikkei Asia Prize for Economic and Business Innovation in 2017. The Indian Institute of Technology in Bombay gave Mr. Nilekani his Bachelor’s degree.