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Nandan Nilekani
Co-founder and Non-Executive Chairman, InfosysBirth DetailsJune 2, 1955 | Bangalore, India
NationalityIndian
LeagueBusiness Leader
EducationB Tech, IIT Bombay
Net Worth$1.9 billion (As of July 19, 2020)
Nandan Nilekani's Journey so far...
Before you go ...
- An alumnus of the prestigious Bishop Cotton Boys' School in Bengaluru, Nandan Nilekani graduated as an Electrical Engineer from the Indian Institute of Bombay in 1978
- After graduation, he joined Patni Computer Systems where he met Narayana Murthy. In 1981, the duo and five other colleagues founded Infosys. From 2002 to 2007, Nilekani served as the MD and CEO of India's most-valued technology company and during his tenure, Infosys' topline grew over six-fold to $3 billion
- The tech magnate played a crucial role in co-founding Indian IT industry lobby body, National Association of Software and Service Companies (NASSCOM)
- In 2009, he resigned from the Infosys Board as then Prime Minister Dr Manmohan Singh invited Nandan Nilekani to head Unique Identification Authority of India (UIDAI), in the rank of Cabinet Minister
- Nilekani was mandated with issuing unique, 12-digit Aadhaar ID numbers to all residents of India and he remained as head till he stepped down in 2014
- Known for timely execution and ability to work with diverse interests, the technocrat returned to Infosys in August 2017 as Non-Executive Chairman. In his second stint, he replaced R Seshasayee, who resigned as chairman of the board of Infosys
- His philanthropic initiatives include teaming up with Ratan Tata and setting up a microloan-focused NBFC called Avanti Finance, with initial investments of Rs 50 crore each
- In 2015, Nilekani and his wife Rohini, along with Shankar Maruwada, co-founded a not-for-profit technology-enabled platform to improve basic literacy and numeracy for millions of children. Based out of Bengaluru, they named the initiative EkStep, the funds for which came from the Nilekanis
Before you go ...
- Nandan Nilekani is a voracious reader and has authored two books, an autobiography in 2009 titled, 'Imagining India: The Idea of a Renewed Nation'. In 2015, he co-authored, 'Rebooting India: Realizing a Billion Aspirations' with Viral Shah.
- Nilekani has received numerous awards during his lifetime, the major ones being Padma Bhushan in 2006, and the famous Joseph Schumpeter prize in 2005 for innovative services in economy and politics.
- He has also been honoured by Forbes, Fortune, TIME Magazine, The Economist, Foreign Policy magazine among others..
- Nandan and Rohini Nilekani decided to donate 50% of their wealth to charity and signed the Bill Gates' Giving Pledge in 2017.
Last Updated: 12/02/2021
Nandan Nilekani News
DPI dependent Indian startups valued at $100 billion: Nandan NilekaniSpeaking at the annual Global Fintech Fest here, Nilekani said the very idea while building an Aadhar or unified payments interface (UPI) was to build the rails that could be used by the private sector or entrepreneurs to come out with innovative offerings.
Open Cloud Compute looks to onboard 3 providers for October pilotThe Open Cloud Compute network was unveiled by Infosys non-executive chairman Nandan Nilekani earlier this year. It is an open interface for providers and customers of computing infrastructure. The network is hoping to onboard at least three compute providers to pilot in October.
Myth Debunking 101: You can’t switch jobs between private and government sectorsSwitching between government and private sectors can be challenging due to differences in skills, culture, and growth paths, but it's achievable with careful planning. Sarbojit Mallick, Co-Founder of Instahyre, advises individuals to assess their transferable skills like project management, leadership, and communication to facilitate the transition.
India pitches for global adoption of DPI for sustainable growth: G20 Task Force ReportIndia has urged the global adoption of Digital Public Infrastructure (DPI) to boost productivity and achieve inclusive and sustainable growth. The G20 Task Force's report, released on Monday, acknowledged India's leadership in DPI and called for discussions to promote global adoption of DPI to accelerate socio-economic growth and development.
Ola CEO Bhavish Aggarwal endorses Narayan Murthy’s 70-hour work weekBhavish Aggarwal, CEO of Ola, has strongly supported Narayan Murthy’s proposal advocating a 70-hour workweek for young professionals. In an exclusive podcast interview with ANI, Aggarwal praised Murthy's leadership during his return to Infosys in 2013, emphasizing the transformative impact he had on the company. Aggarwal also expressed admiration for Steve Jobs and his influence on him, citing his preference for Apple products. Additionally, Aggarwal raised concerns about "techno-colonialism," highlighting issues surrounding India's data being processed abroad and sold back to India.
Infosys working on 225 GenAI programs for clients; enterprise AI will take years to unfold: NilekaniAt Infosys' 43rd annual general meeting, cofounder and chairman Nandan Nilekani talked of the nascent stage of the Generative AI revolution. He also said consumer AI will see rapid adoption but enterprise AI will take several years to mature and have a widespread impact.
Infosys recruits 76% lesser college graduates in FY24IT major Infosys hired 11,900 college graduates in FY24. This is against over 50,000 graduates hired a year ago, as per data from its annual reports.
‘Gen AI is a friend, not a foe’...is Infosys founder NR Narayana Murthy’s message to critics of the modern technologyNR Narayana Murthy and S ‘Kris’ Gopalakrishnan discuss the transformative potential of Gen AI, the challenges of technology misuse, the benefits of technology adoption in banking, and India's potential to compete with China in business environment.
Zerodha's Nikhil Kamath on parenthood: 'Don't want to ruin 20 years of my life babysitting'Zerodha co-founder Nikhil Kamath recently shared his unconventional take on parenthood and legacy on his podcast, WTF. Kamath challenges traditional views, questioning the necessity of having children to carry on a legacy. He emphasizes living well and social responsibility over seeking posthumous recognition. Kamath's commitment to philanthropy, exemplified by joining The Giving Pledge, reflects his values, inspiring others to reconsider societal norms.
The rise of Finternet: an interconnected network of financial ecosystemsA new model proposed by Nandan Nilekani and Agustín Carstens envisages multiple financial ecosystems interconnected with each other. Multiple financial ecosystems interconnected with each other is called Finternet, the building blocks of which combine technological advances with sound governance. The framework proposes using technologies such as tokenisation and unified ledgers.
India to become AI use case capital of the world: Nandan NilekaniNandan Nilekani's People+ai introduces 'Adbhut India' and OCC project, emphasizing frugal AI innovation in India. The initiatives aim to leverage the country's population and digital infrastructure for impactful AI solutions, fostering healthy competition.
People+ai partners with 24 tech organisations to enable open cloud compute infraAMD, Oracle, and various technology providers collaborate to address the increasing compute requirements. The partnership aims to enhance the compute ecosystem in India through the creation of a network of providers for accessible and tailored compute resources.
FM, Murthy and Nilekani among first to vote as Bengaluru goes to polls in soaring temperatureThe three LS constituencies of the city, Bengaluru North (54.42%), Bengaluru Central (52.81%) and Bengaluru South (53.15%) recorded a turnout that was lower than the state-average (69.23%) for the 14 constituencies that went to polls in Karnataka on Friday. Long weekend, soaring temperatures and voter apathy may have caused the lower turnout in Bengaluru.
Ajit Isaac buys the most expensive property on Bangalore's Billionaire Lane for ₹67.5 croreThe southern suburb of Koramangala has emerged as a thriving hub for entrepreneurship in the bustling city of Bangalore. With its prime location and strategic proximity to the city's business centers, Koramangala has become a sought-after neighborhood for startups and self-made billionaires alike.
Whale tank: The upscale societies where uber-rich tech and startup czars stay connected and network with one anotherIn Bengaluru, houses in the Billionaires' Street (Koramangala), Epsilon Villas or Adarsh Palm Retreat (APR) are owned by the likes of Sachin and Binny Bansal, Flipkart cofounders, and its CEO Kalyan Krishnamurthy along with a few Infosys co-founders and the Raveendrans. The owners of several new-age firms such as Unacademy's Gaurav Munjal, PhonePe's Sameer Nigam, Meesho's Vidit Aatrey, the Zetwerk founders dot the palm tree and Mercedes-lined APR. 'India's CTO' Nandan Nilekani, Wipro owners - the Premjis, and Rahul Dravid also own homes in Koramangala, where property rates have already built a formidable moat of exclusivity.
Top companies back move to set up open cloud compute networkPeople+ai, an initiative by EkStep Foundation co-founded by Nandan Nilekani, set out last year to address increasing compute demand in the country, which is increasing with AI.
Mobility platform IntrCity raises Rs 37 crore in fundingThe firm had last raised Rs 100 crore in a funding round in February 2020 at an about Rs 700 crore post-money valuation. The latest funding round happened at a higher valuation, cofounder Kapil Raizada told ET in an interaction, without giving exact numbers.
Indians are extremely demanding, but are not willing to pay for anything: Uber CEO Dara KhosrowshahiDuring a conversation with Nandan Nilekani, Uber CEO Dara Khosrowshahi highlighted the Indian market's demands and reluctance to pay. He plans to introduce low-cost service segments and bus services to cater to a wider population. Uber made $3 billion in profits and signed an MoU with ONDC to expand its mobility offerings.
For IITs, go shake your moneymakersA steady inflow via alum contributions must not lead to a reduction in state budgetary support. The latter is essential to ensure these institutions remain 'public' in the truest sense of the term, and deserving students get a chance to study in IITs.
'Back to Basics': What's on the agenda at the WEF's 54th Davos meetWEF 2024: Set to take place in Davos, Switzerland, the WEF will convene over 2800 leaders, including 60 heads of state and numerous CEOs. With a focus on vital global issues like climate change, artificial intelligence, and geopolitical conflicts, the 54th edition aims to revitalize foundational principles. Key discussions include achieving security amid geopolitical tensions, creating a new economic framework, harnessing AI for societal benefit, and developing a long-term strategy for climate and energy. Notable leaders such as Li Qiang, Emmanuel Macron, and Ngozi Okonjo-Iweala will participate.
Macron, Zelenskyy to take part in WEF Davos meet; Smriti Irani, Ashwini Vaishnaw, Puri to represent IndiaOver 2,800 leaders, including Indian ministers and chief ministers, are gathering in Davos for the 54th World Economic Forum Annual Meeting. The meeting will address various challenges such as climate change, economic slowdown, and geopolitical issues. The theme of the meeting is 'Rebuilding Trust' with key topics of discussion being the Ukraine peace plan, Israel-Gaza conflict, threats from AI-generated deep fakes.
NR Narayana Murthy’s big regret is refusing wife from joining InfosysCalling himself “wrongly idealistic”, NR Narayana Murthy said in a TV interview that his wife was “more qualified than all seven” engineers including himself who established Infosys together.
Countries feeling acute need for digital public infrastructure: Nandan NilekaniHe added that the kind of alliance India managed to forge among government, technologists, economists, lawyers etc. in its DPI journey would also have to be recreated in the countries that are now adopting DPIs.
Byju’s struggle to find cash continues; IAMAI drops some gaming firms for IT MoS meetDesperate times call for desperate remedies. Cash-starved Byju’s is now likely to use part of the proceeds from the Epic sale to keep its parent Think & Learn running.
Focus on low-cost AI models, says Nandan NilekaniSpeaking at the Carnegie Tech Summit 2023, Nilekani said that all AI should be use-case-led which can be amplified to make the lives of common people better.
Three Indians in Forbes Asia's Heroes of Philanthropy ListThe 17th edition of Forbes Asia’s annual Heroes of Philanthropy list has been released and includes lifelong philanthropists and newcomers.
Infosys cofounder Shibulal's son, daughter-in-law offload shares worth Rs 435 croreCumulatively, Shreyas and Bhairavi Shibulal sold 0.06% and 0.02% of their respective shareholding in Infosys, cofounded by Shibulal along with six others including Narayan Murthy and current chairman Nandan Nilekani.
Strong corporate governance crucial for sustainable success of startups: Nandan NilekaniNilekani, who had served as the chairman of the Unique Identification Authority of India (UIDAI), emphasised the relevance of governance for startup founders, highlighting that it should be a top priority.
Wealthy have a social responsibility amid rising inequality: Rohini NilekaniIf wealth remains concentrated in the hands of a few, the government may have reason to look to other means such as higher taxation to distribute wealth more fairly, Nilekani said.
People not using no-frills accounts because of charges levied by banks: Nandan NilekaniIt can be noted that an aggressive campaign by lenders saw bank accounts being opened for a majority of its citizens and has been using the same for delivery of money from the state through the direct benefit transfer scheme.
India's digital public infrastructure to reach 50 countries in next 5 years: Nandan NilekaniThe DPIs will also play a critical role in climate adaptation and mitigation to facilitate the increasing need for cash transfers to fortify vulnerable areas and people, and emergency funding after extreme climate events like floods.
Give or give back and tell, or don'tAnonymous charity has both supporters and critics, with some viewing it as philanthropy on a large scale and others seeing it as a way to avoid public scrutiny. While there are valid reasons for donors to remain undisclosed, studies have found that anonymous donations tend to be less generous. However, the aim of anonymous giving is to involve a larger group of small givers who may not benefit beyond personal satisfaction. On the flip side, if the act of giving is celebrated, it should be socially recognized. Ultimately, giving benefits both the recipient and the donor.
Engineering colleges and B-schools see spike in funding from alumni“Till 2016-2017, the institute used to raise an average of Rs 1 crore per year. Now, it has gone up to Rs 32 crore in 2022-23. Funding has more than doubled compared to the pandemic years,” said Professor Arya Kumar, dean, alumni relations at BITS Pilani. The institute has raised more than Rs 73 crore in the last four years from alumni including CSR funding.
Infosys refreshing brand identity to stand out in crowded digital worldInfosys' iconic blue logo is getting a ‘sonic’ makeover to help the software bellwether better engage with its younger staff and business stakeholders.
Epublic infra revolution making India high-productivity, mega economy: Nandan NilekaniNilekani said that data created as a "byproduct" of DPI is "digital capital" that people can convert into other forms of capital, which improves lives.
HCLTech CEO C Vijayakumar’s salary dips 80% in FY23The sharp fall in his remuneration was due to the absence of the long-term incentive component, which will be paid next fiscal year, the company said in its annual report.
IIT Bombay honours alma mater Nandan Nilekani; His replyInfosys co-founder Nandan Nilekani has surely come a long way, and it all started from IIT Bombay where he used to study. The business leader, one of India's most prominent, visited the IIT Bombay campus after 50 years. Read on to find out why he visited.
'A special day for me.' Nandan Nilekani back to IIT-Bombay after 50 years, institute's main building named after himThe Indian Institute of Technology (IIT) Bombay has renamed its main building to the 'Nandan Nilekani Main Building' in recognition of the chairman of Infosys' philanthropic support of the institute, which included a donation of Rs315 crore ($38.5m) last month.
IIT-Bombay names Main Building after alumnus Nandan NilekaniTo recognise Infosys chairman Nandan Nilekani's philanthropic support towards the institute, IIT-Bombay has dedicated its iconic Main Building to him. The building has been renamed as the Nandan Nilekani Main Building.
The unbooming of crypto boom and other top tech & startup stories this weekBy calling out the widespread adoption of private crypto currencies as a risk to monetary stability, the RBI has indicated to the market that its stance will only get harder going forward.
Infosys growing on a solid foundation, says Nandan Nilekani; Byju’s awaits entire amount from Davidson KempnerIndian tech services bellweather Infosys is not only growing on a “solid foundation” on the back of large deal wins, but is equally poised to harness opportunities despite global macroeconomic challenges, non-executive chairman Nandan Nilekani said at the firm’s 42nd Annual General Meeting.
Large deals provide solid foundation to grow for Infosys: Nandan NilekaniIn his virtual address to the shareholders, Nilekani said the Bengaluru-based firm’s capability to harness opportunities despite the dynamic times of inflation, interest rates, geopolitics, war, demand volatility, supply chain dislocations is “tremendous”.
AI-first strategy working for Infosys despite unresolved ethical, IPR issues: Nandan NilekaniNandan Nilekani said the company can be more efficient while nurturing readiness for growth, given its performance in challenging scenarios created by inflation, interest rates, geopolitics, demand volatility and supply chain dislocations.
Nilekanomics for a knowledge economyEndowments like this month's ₹315 crore donation by Infosys co-founder Nandan Nilekani to his alma mater Indian Institute of Technology (IIT) Bombay help build a stronger base for the knowledge economy. Nilekani's gesture is designed to catalyse more financial support from IIT graduates who are among the leading wealth creators of India's diaspora.
Over to you: Deputy chief minister DK Shivakumar reaches out to Bengalureans for ideas to rebuild their cityShivakumar had, earlier this month, created an advisory group for Bengaluru’s development, on the lines of the Bangalore Agenda Task Force (BATF) then chief minister SM Krishna pioneered by roping in prominent CEOs including Nandan Nilekani. Shivakumar met with MLAs, industrialists, and other prominent personalities, last week, to understand the pressing issues as well as other suggestions to build the city's brand equity.
Tech sector facing challenges but will bounce back: Nandan NilekaniThe Infosys cofounders’ statement come as big tech companies such as Meta, Google, Amazon and Google had laid off techies in the west in a move to cut down costs.
Nandan Nilekani pledges Rs 315 cr to IIT-Bombay to help his alma mater beef up on infra, researchNilekani joined electrical engineering at the IIT-B in 1973, and the latest grant comes as a celebration of his 50 years of deep bonding with the institution he graduated from. He earlier served on the IIT-B’s heritage foundation and on the board of governors.
Infosys chairman Nandan Nilekani donates Rs 315 crore to IIT Bombay for 50 yrs of collaborative effortsNandan Nilekani, who pursued a Bachelor's degree in electrical engineering at IIT Bombay starting in 1973, has now made a remarkable donation to commemorate the golden jubilee of his association with the institute. This generous contribution not only reflects his enduring bond with his alma mater but also stands as one of the largest donations ever made by an alumnus in India.
Infosys cofounder Nandan Nilekani donates Rs 315 crore to alma mater IIT BombayNandan Nilekani earlier contributed Rs 85 crore to the institute, bringing the cumulative value of his support to Rs 400 crore.
Nikhil Kamath, Nandan Nilekani and other Indian philanthropists who commit to donate 50% wealthNikhil Kamath, co-founder of Zerodha, joined a number of wealthy people around the world in signing the Giving Pledge and pledging to donate 50 per cent of his money to philanthropic causes, such as addressing climate change, advancing education, and improving healthcare. In 2022, Infosys co-founder and Chairman Nandan Nilekani, his wife Rohini Nilekani and three Indian-origin billionaires have joined the philanthropic initiative created by philanthropists Bill and Melinda Gates and Warren Buffett, pledging to commit more than half of their wealth to charitable causes.
Zerodha’s Nikhil Kamath to donate 50% of his wealth“I am committed to positively impacting the world. The mission of creating a more equitable society aligns with my values and aspirations’’, said Kamath.
Infosys CEO Salil Parekh’s pay falls 21% to Rs 56.4 crore in FY23Parekh’s compensation included Rs 30.6 crore in stock options as he exercised 1,24,783 stock units under the 2015 stock option plan and 73,962 units under the 2019 plan during the last fiscal.
Digital capital will aid formalisation of economy: Infosys cofounder Nandan NilekaniDigital capital or information collateral, as in the case of the Account Aggregator model, lays the foundation of increased formalisation of the economy, Infosys cofounder and non-executive chairman Nandan Nilekani said on Wednesday.
An Indian biryani won’t democratize e-commerce: Will bringing local bazaars under ONDC work?Restaurant-delivery platforms are already worried about Infosys Ltd. Chairman Nandan Nilekani’s newest foray into public-policy evangelism: Open Network Digital Commerce. But it isn’t just food or groceries. An unbundling of e-commerce in India could upend billions of dollars of investment.
Adani-Hindenburg: Expert panel submits report to Supreme CourtAn expert panel investigating the Adani Group following allegations of financial irregularities has submitted a report to India’s Supreme Court. It is not clear if the six-member committee, set up after claims by US research firm Hindenburg, reviewed all the concerns outlined by the top court in March. The group was asked to assess how to protect consumers better, if regulatory lapses existed, and the broader impact. The Securities and Exchange Board of India has also sought more time to conclude its probe.
Divgi TorqTransfer lists at 5.1% premiumThe ₹412-crore IPO comprised a fresh share issue of ₹180 crore and an offer for sale of 3.93 million shares by existing shareholders. As part of the offer for sale, Nilekani's family trust offloaded 1.44 million shares.
Divgi TorqTransfer shares list at 5% premium on NSE over issue priceThe IPO was subscribed 5.44 times, led by retail investors. About 75% of the offer was reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors and 10% for retail investors.
Private cryptocurrencies will never replace fiat currency: Nandan NilekaniNilekani said incidents like the “fall of cryptocurrency exchange FTX in the United States” have shown that private cryptocurrencies aren’t a big threat.
Why Supreme Court picked these five experts to probe Adani-Hindenburg caseA bench of Chief Justice Chandrachud, and Justices PS Narasimha and JB Pardiwala said the expert panel would make an overall assessment of the situation, suggest measures to make investors aware and strengthen the existing regulatory measures for stock markets.
Nandan Nilekani's NRJN Family Trust sells Bengaluru residential asset for ₹55 croreThe property, spread over 9,488 sq ft, is located at 3rd Cross, 3rd Block, Koramangala and was sold to V Seetha, the wife of C Valliappa, an industrialist and the founder of the Sona Valliappa Group (an extension of The Sona Group). NRJN was represented by Sreepriya Nellicherry Sivaraman. The deal was registered on January 30, per the registry document shared by Zapkey.
Rs 67 crore-profit! Nandan Nilekani family trust to mint 370% return in IPOThe red herring prospectus (RHP) of the IPO shows that the weighted average cost of acquisition for Nilekani's firm was Rs 125.28. Considering that shares would be allotted to IPO investors at the upper price band of Rs 590, Nilekani will make a neat profit of Rs 66.98 crore or 370% return from his investment of about Rs 18 crore.
Nandan Nilekani family-backed Divgi TorqTransfer fixes price band for IPO. Details hereDivgi is an automotive component maker, having 3 manufacturing and assembling facilities located across India. The company is one of the leading players supplying transfer case systems to automotive original equipment makers in India, and the largest supplier of transfer case systems to passenger vehicle manufacturers in India.
Nilekani-backed Ayu Health looks to expand footprint by 2023 endIn April last year, Ayu Health raised $27 million in its Series-B funding round, led by Fundamentum Partnership, an early-stage growth fund founded by Nilekani and Sanjeev Aggarwal, along with participation from 57 Stars, Capier Investments and angel investors including Ashish Gupta, Khadim Batti and Vara Kumar.
Linking businesses with account aggregator network to ease credit flow, create millions of jobs: Nandan NilekaniIn the Budget for FY24, the government said that the GST system could join the account aggregator network, which means that every company in the GST system can ask for its data back which includes their tax filings and invoices, Nilekani said.
TVS buys Bengaluru property for Rs 20.93 crThe property, with ground plus two structures, was purchased from Bengaluru residents PS Sanjeev and Anitha Sanjeev, according to sales documents shared by real estate intelligence platform Zapkey.
Transforming Governance: behind the success of India’s digital public infraThe India-born chief executives of Microsoft and Google may have heaped praise on the country’s digital public infrastructure recently. But not many know that the seeds of its success were sown by a little-known non-profit from Bengaluru, eGov Foundation, some 20 years ago.
India showing the world how tech can enable inclusivity: Microsoft CEO Satya NadellaNadella who was conferred with the Padma Bhushan, India’s third-highest civilian award, in October last year said that it’s important for multinational corporations to create “local surplus” in the countries they are operating in.
Build companies on differentiated values, not pricing: Infosys founder NR Narayana MurthyQuoting from the lessons learnt from his corporate journey, Murthy urged corporate leaders to exercise self-restraint in their perks, their profligacy, compensation, and their lifestyle to make “capitalism attractive” especially in a country like India where poverty still exists.
Accessible, quality data essential to meet development goals: G20 Working GroupMinister of State for Information Technology Rajeev Chandrasekhar and Infosys co-founder and non-executive chairman Nandan Nilekani were among the other major speakers at the event.
Govt data are provided as aggregates, which is 'not good': says G-20 Sherpa Amitabh KantSpeaking to the G-20 development working group in this location, Kant emphasised the importance of data in assisting any nation in achieving its developmental objectives and added that India has benefited from this.
India to see 'significant economic activity' over next 10 years: Nandan NilekaniThe first is, ONDC second is account aggregator framework and the transformation happening in the logistics sector due to government initiatives like GST, Fastag and the e-way bill, Nilekani said. Nilekani said he expects the ONDC -- an initiative of the government to promote an open platform for all aspects of the exchange of goods and services through electronic networks -- to begin soon.
Seen and heard: sidelights from ETSA 2022Here are some sidelights from India’s most prestigious startup awards night, The Economic Times Startup Awards 2022.
ONDC, account aggregator network open up new avenues for startups: Nandan NilekaniThe opportunity, he said, could range from creating consumer-facing apps, working with suppliers or logistics providers to support the massive growth in shipping, or building new direct-to-consumer brands.
No backlash against the wealthy in India despite inequities: Rohini NilekaniThe comments come at a time when multiple bodies, including the Rashtriya Swayamsevak Sangh, have flagged concerns over the rising income inequality in the society. Many observers have said that India is undergoing a 'K-shaped' growth where the rich are getting richer while the less fortunate slide down towards peril.
Ratan Tata most followed Indian billionaire. Check out others on the list>> For more such web stories click on the ET icon below
UPI, AA and ONDC will reorder Indian supply chain: Nandan NilekaniNandan Nilekani was speaking at the launch of new UPI solutions by the National Payments Corporation of India (NPCI) during the Global Fintech Fest.
India to witness massive formalization of economy through tech: Nandan NilekaniHe said Jio-enabled smartphones, cheaper internet, digitization, the homegrown startup boom that saw the likes of Swiggy, Ola, Flipkart and Oyo rise to prominence, verification of certificates like experience or vaccination, skilling and open networks were the “domino” blocks that would lead to the massive formalization of the economy eventually.
Around 40% Indians use digital formats like UPI for money transfer: Nandan NilekaniRoughly 260 million people are using the UPI and another 150 million people use the Aadhaar-enabled payment system to withdraw money from their bank accounts, he added.
VSS says focus is on profits, not stock; wider mandate for Vision Fund India headVijay Shekhar Sharma had been facing pressure from shareholders ever since Paytm's disastrous IPO debut last year.
Nandan Nilekani’s Fundamentum raises $227 million second fundNilekani, cofounder of Infosys and chairman of its board, set up Fundamentum in 2017 with Helion's Sanjeev Aggarwal
Accidental healthcare entrepreneur Janhavi Nilekani wants to transform childbirth experienceNilekani, the eldest child of Infosys cofounder Nandan Nilekani, has a personal holding of 85.89 lakh shares in the software giant, which at the end of March 2022 had an estimated worth of Rs. 1,231 crore.
At least 50 countries want to implement digital public goods: NilekaniIn response to a question on replicating Indian services in other countries, he said, "Portability is important in two ways. One, people are mobile. A digital identity should be able to work anywhere, in any state. Mobility of the bank account and mobility of the digital ID from anywhere is important.
50 countries keen to adopt e-public goods, says Nandan NilekaniNilekani was addressing Uppsala University in Sweden virtually. "Portability is important in two ways. One, people are mobile. Mobility of the bank account and mobility of the digital ID from anywhere is important," he said in response to a question on replicating Indian services in other countries.
Infosys sees tremendous growth opportunities in the post-pandemic eraInfosys expects to drive digital and technology-led transformation for its clients, with demand for such services forecast to remain strong even amid global business disruptions.
As CM & PM, Modi a bold decision-maker, doer: NaiduNaidu listed 15 points to underline the contribution and achievements of Modi since 2002 when he became chief minister of Gujarat and was elected thrice. In his inimitable style, the Naidu described Modi as one who stands for "Making of Developed India (MODI).
8 years of Modi govt brought terrorism at centre of global debate: EAM JaishankarJaishankar said the Modi government has brought terrorism "fair-square" at the centre of the global debate, with concentration on development of border infrastructure, as the PM knows it is essential to meet our security challenges.
Is ONDC the slingshot that'll bring down retail Goliaths? 10 thingsONDC or Open Network for Digital Commerce is a government-backed electronic platform for India’s mom-and-pop stores or kiranas who have, so far, weathered the Amazon and Flipkart storm with innovations such as home deliveries and discounts for regular customers.
Does India have an answer to Elon Musk? Well, Kunal Bahl certainly thinks so ...The Snapdeal boss believes India’s equivalent to Elon Musk has impacted billions of people positively.
Govt to launch open network for digital commerce in five citiesThe Open Network for Digital Commerce (ONDC) is an initiative of the government to promote an open platform for all aspects of the exchange of goods and services through electronic networks.
Nandan Nilekani aims to protect India retail from Walmart, AmazonAs the two global giants poured a combined $24 billion into India and captured 80% of the online retail market with aggressive discounts and promotion of preferred sellers, the kirana shops are fearful of an uncertain future.
Tech will transform retail industry; provide credit access to millions of retailers: Nandan NilekaniUPI payments have become ubiquitous and became the first big thing which impacted retail, Nilekani, the founding chairman of UIDAI (Aadhaar), noted.
Nandan Nilekani's NRJN Family Trust buys prime property worth Rs 58 cr in BengaluruThe tech capital of India is increasingly seeing investment in second homes by ultra-high net worth individuals (UHNIs) as the residential segment has witnessed a sharp recovery since the Covid-19 outbreak in the country. According to property consultants Knight Frank, 29% of the wealth of Indian UHNIs is allocated toward the purchase of residential property.
ET CEO Roundtable: Geopolitics brings new challenges, opportunitiesTop business leaders at the ET CEO Roundtable say Russia-Ukraine war may force RBI to revise inflation target but India could also benefit from realignment of supply chains, growing talent need
We should make India the go-to place for global business: Indian CEOsThe Covid pandemic and Ukraine conflict have highlighted the impact of geopolitics on global economy. Business leaders at theET CEO Roundtable said there are immense opportunities for a tech-savvy India amid these challenges. A little ‘unlearning’, they said,would also help the country play a lead role in a digital-first world.
ETSA 2021: Saturday to Bring out the Star in ‘Star’tupsMinisters Piyush Goyal and Ashwini Vaishnaw, top entrepreneurs among invitees
India’s war on the internetIn it, IFF highlighted that internet shutdowns are extremely common in India, citing reports by Top10VPN and Access Now, and data from the Software Freedom Law Center and Meta.
Information overload is a bigger epidemic than the pandemic: Nandan NilekaniOne should practise digital hygiene, carve out boundaries to get the best out of technology, say Nandan Nilekani and Tanuj Bhojwani. Plus, Nilekani delves into open ecommerce, Web 3.0 and Metaverse.
Digital rupee should remain anonymous, Nandan Nilekani saysConcerns pertaining to surveillance will arise if all payments made using digital rupee are recorded and are visible, Infosys cofounder and chairman Nandan Nilekani says in an interview.
Digital rupee must be anonymous: Nilekani; why Polygon tapped top investorsDigital rupee must be anonymous to prevent the possibility of state surveillance, Nandan Nilekani says. Institutional heft and firepower were the two reasons why Polygon raised funds from marquee investors, its founders say.
Not about speakers and speeches: SpeakIn wants to bring a fresh approach to L&D in an organisationThe joys and depth of vicarious learning is limitless and that led to the creation of SpeakIn, which is providing experiential learning to people all over the world.
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