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

'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.

August 09, 2023 / 12:54 IST
X

Larsen & Toubro (L&T) chairman AM Naik (81) who is set to step down from his post on September 30, said that the company depends on intensive training of its employees to drive growth. He also revealed that he chose to hire the best graduates from second-level colleges because they were better than the bottom quadrant of the first-level colleges.

In conversation with Moneycontrol, Naik elaborated on how L&T focuses on training its employees -- a job they do so well that even their rivals seek out L&T professionals to work with them.

"L&T depends on -- training, training, and training," the chairman said. "We have built our own institutions for management, projects, and manufacturing. We create our own people from mid-tier engineering colleges and not high-flying engineers who will go to other industries."

AM Naik also pointed out that he himself did not go to IIT. "I was not an IIT graduate, because my father went to a village but destiny brought me to L&T."

Elaborating on their hiring practices, Naik added, "I believe the best students of second-level colleges are better than the bottom quadrant of the first-level colleges. So, we take them and train them well. We have managed it well enough that the whole industry has sourced professionals from us, and they are becoming our competitors but that's a way of life."

Naik, who was the force behind many of L&T’s diversifications, will continue to be the Chairman of employees’ trust of L&T.

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

 

Moneycontrol News
first published: Aug 9, 2023 12:36 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347