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A M Naik Birthplace | Net worth Salary

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Mr. A.M Naik is currently working as the Group Chairman of Larsen & Toubro Limited Mr. A.M Naik has been associated with Larsen & Toubro Limited for over five decades. During his tenure as Executive Chairman he played a key role in the Company’s rise to its pre-eminent position, and its presence overseas, boosting employee morale and focusing on delivering superior value to stakeholders.

After his superannuation as Executive Chairman, Mr. Naik has been guiding the
Executive Management ensuing smooth transition as Non-Executive Chairman since October 1, 2017.

Mr. A.M Naik, currently aged 78 years, was appointed as a Non-Executive Chairman of the Company with effect from October 1, 2017, after his superannuation as Executive Chairman of the Company. The shareholders in their meeting held on August 26, 2018 had approved appointment and continuation of Mr. Naik as NonExecutive Chairman in accordance applicable regulations.

AM Naik has Expertise in the field of Diverse and vast experience in General Management, Technology, Engineering & Construction.

The Board of Directors at its meeting held on June 5, 2020 re-appointed Mr. A.M Naik as Non-Executive Chairman of the Company for a further period of 3 years with effect from October 1, 2020 and upto September 30, 2023.

Mr. A.M. Naik is strongly identified with the growth of L&T and its contribution to strategic sectors of Defence, Nuclear Power, Space Research and Infrastructure. Mr. Naik has been awarded four doctorates and numerous awards from institutions and industry. He has also served as the Chairman of IIM, Ahmedabad.

A M Naik Salary and Net Worth

Mr. A. M. Naik mirrors the values of the organisation he heads – professionalism, entrepreneurship and a passionate commitment to advancing the interests of all stakeholders.

Under his leadership, L&T overcame multiple challenges and emerged stronger with a sharper focus on profitable growth. Media surveys and peer group assessments rank Mr. Naik as among the world’s best performing business leaders.

Best performing business leaders

Joining the Company as a Junior Engineer in 1965, Mr. Naik rapidly rose to positions of increasing responsibility as he moved from General Manager to Managing Director and CEO, leading to his appointment as Chairman and Managing Director on December 29, 2003. Mr. Naik was the Group Executive Chairman of L&T from 2012 to 2017. In October 2017, he stepped aside from executive responsibilities, and was appointed Group Chairman.

In pursuit of the mission to transform L&T into a world-class conglomerate, Mr. Naik led a transformational process that boosted shareholder value. His leadership has seen a remarkable increase across all parameters of business performance – market capitalization, consolidated turnover and net worth. He also spearheaded the re-structuring of the conglomerate to facilitate aggressive growth across a large revenue base.

Decades ago, Mr. Naik kick-started the process of indigenising the manufacture of critical equipment for the defence sector and process industries. His efforts led to L&T assuming leadership position in the design, development and manufacture of missiles and weapon systems and forged a vibrant relationship with national bodies for defence research & development and space research.

Mr Naik infused a global perspective to L&T’s operations. This involved revamping mindsets and ensuring that virtually every critical activity is benchmarked against global standards.

Other landmark achievements that have yielded significant value for the Company and its stakeholders include the de-merger of the cement business. He conceptualized the proposal for the L&T Employees’ Trust which has ringfenced L&T, enabling the Company to retain its unique character and strengthen the employees’ sense of belonging.

Mr Naik’s emphasis on HR and the nurturing of human capital triggered major initiatives to attract, retain and groom talent. He has also been principally responsible for the use of IT as a major enabler across L&T’s businesses.

A concern for social uplift complements Mr. Naik’s keen business interests. Mr. Naik was instrumental in setting up the Larsen & Toubro Public Charitable Trust which is engaged in a wide spectrum of community development initiatives including skill training at several locations around the country.

In November 2018, the Government of India appointed Mr. Naik Chairman of the National Skill Development Corporation (NSDC) – the apex-level body that charts the course for skill training of India’s youth. The appointment is recognition by the highest quarters of L&T’s role in skill training, which has been a lifelong passion for Mr. Naik.

In his personal capacity, Mr. Naik remains deeply committed to the community. He has pledged 75% of his wealth to social causes in the sectors of healthcare, education and skill development. A robust mechanism which he put in place ensures that every philanthropic initiative is continuously monitored and achieves stated targets.

Mr. Naik is the Honorary Consul General for Denmark. He was conferred the Danish Knighthood by Her Majesty Queen Margrethe in 2008 and a further honour, the Order of the Dannebrog – Knight First Class in 2015.

Directorships held in other public companies

The following are the List of companies

  1. Larsen & Toubro Infotech Limited
  2. L&T Technology Services Limited
  3. L&T Construction Equipment Limited
  4. L&T Welfare Company Limited
  5. L&T Employees Welfare Foundation Private Limited
  6. Mindtree Limited
  7. National Skill Development Council

Industry & Academia

List of Positions

Awards & Recognition

List of awards and Recognition

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