Billionaire IT tycoon Shiv Nadar, who is the founder-chairman of software firm HCL Technologies, on Wednesday announced his plans to set up a chain of 25 schools across India over the next 10 years.
These formal non-residential schools would cater to children from kindergarten to secondary classes and spread the ambit of Nadar’s educational endeavour for establishment of educational institutes across the country.
“The idea to have quality schools under our ambit was conceived around two years ago,” said Nadar. “These schools are aimed to cater to the educational requirements of children in the urban India and we could possibly look at the top 20 cities to set up Shiv Nadar Schools by 2020.”
Nadar said that there was a shortage of the type of good schools that people aspire for. He refused to divulge investment details for the venture.
The schools would be established by Shiv Nadar Foundation, which was set up around 16 years ago. The construction of two Shiv Nadar Schools, at Gurgaon and Noida, is already on and these schools would commence from the next academic session.
The Shiv Nadar Foundation successfully runs the VidyaGyan Schools in Uttar Pradesh that aims at nurturing talent and leadership amongst the highly gifted rural poor children of the state.
The foundation also runs management and engineering colleges. It had in April set up a research-led multi-disciplinary university at Greater Noida.
Nadar has committed around 10% of his total wealth for philanthropic causes. His net worth has been estimated at around Rs15,000 crore.