Am Naik

LTIMindtree's chairman emeritus Naik has shared that the conglomerate would start to look for a successor to CEO Debashis Chatterjee only six to nine months before his term ends.

LTIMindtree, LTTS jointly announce $200 million Gen AI deal pipeline

Between the two companies, L&T Group has trained around 35,000-40,000 engineers in generative AI skills.

LTIMindtree appoints SN Subrahmanyan as chairman after AM Naik steps down

Moneycontrol was the first to report about AM Naik’s decision to step down and SN Subrahmanyan succeeding him. Subrahmanyan takes over the top job on June 27

L&T Chairman Emeritus AM Naik to step down from LTIM, LTTS boards; Subrahmanyan may become chairman

Naik will retire at the conclusion of the companies’ annual general meeting on June 26, which marks the infrastructure veteran's exit from the board of all the L&T group companies

AM Naik, Madhusudan Kela invest in medical devices company S3V Vascular Technologies

The company will use the funds to build a Rs 300-crore integrated manufacturing facility for neurovascular devices at Mysore. 

A M Naik formally steps down as L&T’s Group Chairman, hands over reins to S N Subrahmanyan

Naik, 81, will now be chairman of IT companies and the employees trust along with the focus on scaling up the philanthropic initiatives that he has been undertaking for the past few years, L&T said in a statement.

L&T Chairman AM Naik addresses his last AGM, says company upheld its mantra

In his final address to the shareholders of L&T, Naik said that in the last 25 years, L&T has been able to live up to its mantra of "constantly adding value in everything we do."

'Never took a leave for 21 years, worked 15 hours a day from day one': L&T chairman AM Naik

'Many times I would miss the last bus at 12 midnight. I slept on my office table,' the 81-year-old L&T boss said.

'Not an IIT graduate but destiny brought me to L&T': Chairman AM Naik

'I believe the best students of second-level colleges are better than the bottom quadrant of the first-level colleges,' L&T chairman AM Naik said.

Why L&T’s AM Naik chose to be a manager and not an entrepreneur

Naik is set to address his last annual general meeting on August 9.

MC Interview | India needs to focus on speed and scale; hopeful of L&T’s future: Chairman AM Naik

According to Naik, India's approach over the past five decades might not have been as prudent as it could have been. He believes that the nation could have significantly focused on bolstering its manufacturing sector, similar to China's trajectory, to attain self-sufficiency in defense.

Naik to pass on the baton to Subrahmanyan but will still be involved with L&T

Naik will continue to be the chairman of the L&T Employees Trust, which is the single largest shareholder of the company.

Indian manufacturing industry needs to grow fast to tap into the world's China+1 outlook: AM Naik

Naik highlighted that the current government under the leadership of Prime Minister Narendra Modi, central policies have helped boost manufacturing capacities in India.

L&T CEO says special dividend of Rs 6 being given to honour Chairman A M Naik

The Rs 6 dividend to shareholders is only a token of our affection, esteem and, most importantly, gratitude (towards A M Naik).

Succession Season Finale: L&T’s AM Naik steps down to make way for SN Subrahmanyan

L&T’s storied history is witness to how Naik built the company even as he faced, resisted, and succeeded in bitter takeover battles. “L&T has been my life,” Naik said in a statement announcing the change in leadership. 

LTIMindtree CEO Debashis Chatterjee rules out layoffs in merged entity, hopeful of full integration by FY23 end

The goal is to have an industry-leading profitable growth story as LTIMindtree and as a part of that journey, the company will definitely look at inorganic at the right time for the right opportunity, says Chatterjee

L&T Infotech and Mindtree merger gets nod, will become India’s 5th largest IT firm by market cap

L&T Group Chairman AM Naik said he expects LTIMindtree to generate $5 billion in revenue by next year.

L&T Infotech, Mindtree announce merger to create country's fifth-largest IT services provider

The combined entity "LTIMindtree" is expected to provide diverse strategic options and flexibility arising from cost efficiencies and synergies, said the companies.

COVID-19 impact | L&T board members take up to 53% pay cut in FY20

While group chairman AM Naik's remuneration for fiscal year 2019-20 was slashed by 24.19 percent, L&T chief executive officer and managing director SN Subrahmanyan took a pay cut of 43.91 percent.

6 reasons why India's capex cycle is still far from a recovery

Animal spirits in the corporate sector are low and corporate earnings for the December quarter have been nothing to write home about

AM Naik asks marshals to throw out shareholders for questioning cancer hospital on L&T's land

Dixit and a few other shareholders said the land allotted for the proposed hospital was supposed to be a manufacturing facility of the company till 2019.

L&T's AM Naik recalls thwarting takeover bids from Ambanis, Birla

Both Mukesh Ambani, chairman of Reliance Industries and Kumar Mangalam Birla, chairman of Aditya Birla Group, were present on the occasion when Naik nostalgically recollected how he battled against the two powerful Indian conglomerates.

SN Subrahmanyan new CEO & MD of Larsen & Toubro

The appointment was approved by the company board on April 7 and marks a major change in leadership positions at L&T where Naik has served for over 52 years, including as its head for over 17 years, the company said in a statement.

AM Naik has made sure that the transition is smooth, says L&T’s SN Subrahmanayan

Stepping into AM Naik’s shoes would not be an easy task but is confident of taking the company forward on a high growth path and make Naik proud, said SN Subrahmanyan of L&T.