Vineet Nayyar
Vineet Nayyar | |
|---|---|
| Born | 1938 |
| Died | (aged 85) New Delhi, India |
| Nationality | Indian |
| Citizenship | India |
| Alma mater | Williams College |
| Occupation | Vice-Chairman of IL&FS |
| Known for | Vice-Chairman and Managing Director of Tech Mahindra, Chairman of Mahindra Satyam, Executive Vice-Chairman of IL&FS |
| Spouse | Reva Nayyar |
Vineet Nayyar (1938 – 16 May 2024) was an Indian businessman and IT executive who was Vice-Chairman, Managing Director and CEO of Tech Mahindra, and chairman of Mahindra Satyam. He was also the Vice-Chairman of IL&FS.[1]
Early life and education
Nayyar was born in 1938 in Lahore, British India.[2] His family relocated to India at the time of independence.[2] He had a master's degree in development economics from Williams College, Massachusetts.[3]
Career
Government and Worldbank
Nayyar was an IAS officer in Haryana cadre[4] servicing as a district magistrate, Haryana's rural development secretary and director at the department of economic affairs.
In 1977, he was deputed to the World Bank where he worked for over 10 years in its energy and infrastructure divisions.[3]
Nayyar was involved in the establishment of GAIL and served as its Chairman and Managing Director from April 13, 1987, to November 2, 1991.[4]
Private Sector
He moved back to India to be founding chairman and managing director of the state-owned Gas Authority of India from 1987 to 1991.[4]
- HCL Group
Nayyar joined HCL as Managing Director of HCL Corporation and later as Vice Chairman of HCL Technologies. In 1996, he founded HCL Perot Systems, a JV between HCL Technologies and Perot Systems. He led the company through its public listing in 1999. He remained with the company until 200[5]5, two years after HCL sold its stake to Perot Systems.
- Mahindra Group
Nayyar joined Mahindra British Telecom (MBT) in January 2005 as Vice Chair, CEO, and Managing Director. In 2009, he was appointed Chairman of Mahindra Satyam.[6] Tech Mahindra's acquisition of Satyam Computer in 2009 took place under his leadership. In 2015, he became the Vice Chairman of Tech Mahindra.[7]
- Others
In October 2018, the Indian government appointed Nayyar as the Vice Chairman and Managing Director of Infrastructure Leasing & Financial Services (IL&FS) amid the company's financial crisis.[8] He resigned from the board in 2020 for health reasons.[9]
Personal life and death
Vineet Nayyar was married to Reva, a retired IAS officer from the 1968 Haryana cadre. She was appointed as a part-time non-official director on the Board of BHEL on 22 June 2009 and runs the Essel Social Welfare Foundation.[10][11][12] Vineet Nayyar died in New Delhi on 16 May 2024, at the age of 85.[13][14]
References
- ^ "CS Rajan appointed MD of IL&FS, Vineet Nayyar named Executive Vice-Chairman". moneycontrol. Retrieved 5 April 2019.
- ^ a b "Dealmaker Vineet Nayyar's M&A strategy transformed Tech Mahindra". Business Today. 22 December 2015. Retrieved 17 May 2024.
- ^ a b Majumdar, Shyamal (20 January 2013). "Newsmaker: Vineet Nayyar". Business Standard. Retrieved 5 August 2019.
- ^ a b c "Vineet Nayyar, a true renaissance man". BusinessLine. The Hindu Business Line. 16 May 2024. Retrieved 20 May 2024.
- ^ "Vineet Nayyar, former vice chairman of Tech Mahindra, passes away at 85". Livemint. 16 May 2024.
- ^ TNN (10 December 2009). "Vineet Nayyar is Mahindra Satyam's chief". The Times of India. Archived from the original on 16 June 2012. Retrieved 5 August 2012.
- ^ "Vineet Nayyar to become Tech Mahindra Vice Chairman". The Economic Times. 5 August 2015.
- ^ "IL&FS new board appoints Vineet Nayyar as vice-chairman and MD in its first meeting". The Economic Times. 4 October 2018.
- ^ "IL&FS Group executive vice-chairman Vineet Nayyar resigns". The Economic Times. 20 October 2020.
- ^ Venugopal, Veena (27 August 2009). "Vineet Nayyar | A veteran on the treadmill". mint. Retrieved 16 June 2021.
- ^ "Mrs. Reva Nayyar - Bal Sahyog Chairperson Profile". balsahyog.org.in. Retrieved 16 June 2021.
- ^ "His mantra is education for the underprivileged". @businessline. 10 March 2010. Retrieved 16 June 2021.
- ^ "IAS officer-turned-IT industry leader Vineet Nayyar dies at 85". Economic Times. Retrieved 17 May 2024.
- ^ Vineet Nayyar, former Vice Chairman of Tech Mahindra passes away at 85
External links
- TechM boss Vineet Nayyar donates Rs 30 cr to charity Archived 2012-05-03 at the Wayback Machine
- Newsmaker: Vineet Nayyar Archived 2009-04-18 at the Wayback Machine
- Vineet Nayyar: A man for all seasons Archived 2013-12-13 at the Wayback Machine