Nayar at the World Economic Forum Annual Meeting in 2013
|Born||1962 (age 51–52)
|Alma mater||Pantnagar University, XLRI|
|Occupation||Former ceo of hcl technologies and founder, sampark foundation|
|Known for||Author of 'Employees First, Customers Second: Turning Conventional Management Upside Down' (Harvard Business Review Press, 2010)|
Vineet Nayar (born 1962) is an Indian business executive, author and philanthropist. He is the former CEO of HCL Technologies, founder Sampark Foundation and author of a management book "Employees First, Customers Second: Turning Conventional Management Upside Down” (Harvard Business Press, June 2010).
Nayar was born and spent most of his childhood in Pantnagar, a town in the foothill of Uttarakhand.He completed his schooling from Campus School Pantnagar. He studied for a BTech in mechanical engineering from College of Technology, G.B.Pant University and a Masters in Business Management at the XLRI Jamshedpur in India.
Currently Nayar serves as a Senior Advisor to HCL Corporation. He joined HCL in 1985 after earning his MBA from XLRI. In 1993, he founded Comnet, which grew into a $1 billion dominant leader in Technology Management business. In 2005, Vineet became President of HCL Technologies and served as the company's CEO from 2007 until January 2013. During these years he helped it grow revenues and market cap by six times and awards for the Most Democratic workplace in the world, Workforce Management Optimas Award for HR Innovation in US, Britain's Top Employers, Best Employer in Asia, and many more.
Nayar was also recently chosen by Fortune Magazine for its first ever global "Executive Dream Team" 2012, which has been described as an "all star leadership" that "could coalesce and dominate in any industry." This is in addition to his inclusion in the elite "Thinkers 50 List‟ which is a list of the world's top 50 business thinkers.
He has served as Governor of ICT, member of the Global Advisory Board of Women Leader's and Gender Parity Program as well as a Community Partner of the Forum of Young Global Leaders at the World Economic Forum. Vineet has also recently served as a "Mentor‟ (Co-Chair) of WEF's 2011 Annual Meeting of New Champions conference.
Nayar related the story of his company's success in the book Employees First, Customers Second: Turning Conventional Management Upside Down (Harvard Business Review Press, 2010), and also outlines the intellectual basis for transformation and lessons learned. The book has been praised by some of the world’s leading business leaders including the late C.K. Prahalad, Tom Peters, Gary Hamel, Ram Charan, and Victor Fung.
Social change advocate
Nayar and his wife established a non-profit organisation called Sampark Foundation in 2004, which aims to transform the lives of children, youth, and adults through education, social entrepreneurship, livelihoods, and climate. In 2013, Nayar stated that he gave up his business role in HCL and is focused on his foundation's work and build tools & training methods to enable better teaching techniques for elementary grades (1–5) in Punjab.
Vineet's philanthropy recognition includes citation in Forbes magazine's prestigious '48 Heroes of philanthropy List 2013'. He has also been honoured with the "Beacon of Hope" award by the 2009 Asha for Education, NYC/NJ Chapter.
Awards and honours
- Selected to the 'Thinkers 50 List', 2011/2012
- Conferred with the 'Leader in the Digital Age' Award at CeBIT, 2011
- Conferred with the 'Business HR Champion Award' at the European HCM Excellence Awards, 2011
- Selected in Fortune Magazine's 'Executive Dream Team' List, 2011
- Ranked No. 2 HR Influencer in India by SHRM India, 2011
- Adjudged as the 'CEO of the Year' in Bloomberg UTVi CXO Awards, 2011
- Conferred the 'IIM Lucknow-Vijaypat Singhania Award for Leadership', 2012
- Conferred with Manpower HEC Prize
- Felicitated with France's prestigious Oliver Lecerf Prize
- Cited among Fortune magazine '48 Heroes of Philanthropy 2013'
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- "How CEO-turned-philanthropist Vineet Nayar plans to reform teaching in Punjab's government schools". The Economic Times. 13 August 2013.
- Koppisch, John. Forbes http://www.forbes.com/sites/johnkoppisch/2013/05/29/48-heroes-of-philanthropy-2/
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