My plans for the future - I hope to create a million smiles by igniting a million minds: http://t.co/4f7wt47Mzn— Vineet Nayar (@vineetnayar) August 13, 2013
...Seven months after quitting as CEO of the IT company whose revenues he grew from $1.3 billion to $4.2 billion in five years, Nayar, 52, is changing gears in his new avatar as a full-time philanthropist. "I'm done with HCL and IT now," says Nayar. "The social sector is my calling."
Like IT, Like Philanthropy
Part of that "intellectual input" is Nayar's corporate experience, which saw him catapult HCL Technologies from a tier-two firm into a growth leader. "We want to transform education, much like a large-scale transformation project," he says. "Using software engineering techniques and bringing about best practices from learning methodologies like Montessori and activity-based learning. Our focus is only government schools as you cannot do any transformation without scale and access to them will give us scale."
TV Mohandas Pai, chairman of Manipal Global Education, points to two such initiatives that have made a large-scale difference: Naandi Foundation (working in various aspects of a child's life) and the Akshaya Patra Foundation (school-lunch programmes). "A multi-billion dollar company chief will be able to think scale, conceptualise and execute," says Pai, who is involved with the Akshaya Patra Foundation. "But to build scale, you need lots of money and a great management team."
Anurag Behar, vice-chancellor at Premji University, qualifies that social sector is different from running a business. "There are factors not in control and a focus on quarterly-type performance does not work in the social sector," he says, without referring to Nayar. "But it's great that more people are chipping in to make a difference."...