Himadri Mukherji, Industrial Relation Officer of L&T, was rescued by police this morning from an abandoned house near Visa Steel Plant, near here, police said.
Police acted after they had been informed by the company that Mukherji had gone missing since yesterday.
In a written complaint to the Jajpur Road police station, Mukharjee said that while he was going to the plant site in his vehicle, 16 motorcycle-borne youths intercepted him near Military Chhak and took him to the abandoned house yesterday.
Later, they confined him in a room and beat him up, Mukher said in his complaint.
Mukharji could identify only three of the sixteen accused, who were residents of the adjacent Jakhapura village, police said.
Search was on to track the offenders, police said.