A M Naik

L&T group says at any point it faces workforce gap of 40,000-45,000 labourers and engineers

L&T chairman emeritus A M Naik on Friday said he worked 15 hours a day and slept on the office table after long days at work, as he built the engineering giant in over five decades. In remarks that come amid an uproar caused by N R Narayana Murthy's suggestion asking youngsters to put in 70 hours of work per week to build the nation, Naik said after putting in 15 hours a day at work, he used to go back home and think about L&T for another one hour. Naik credited former Defence Minister George Fernandes for helping save L&T during a corporate takeover battle mounted by the Birlas, and added that the politician's socialist leanings made him a big believer in not letting a company go into the hands of a big business house. During his career, he has met many Prime Ministers, Naik said and claimed without elaborating that sometimes the Prime Ministers have been able to retain their jobs because of L&T. Reminiscing about his career, starting from how he joined the company, ..

In which we munch over the week's platter of news and views

Some are 'Midnight's Children' whose pre-Independence businesses bloomed after 1947, some 'Licence Raj Warriors' who refused to let red-tapeism slow them down. A look at 25 towering business leaders

Large industries do not have to collaborate with NSDC or government organisations because they have created training centres, says Naik

Seven of India Inc's leading decision-makers, who have themselves reimagined their businesses successfully many times, met virtually to select the winners

L&T adopted stringent measures to ensure the safety and well-being of its workers and stakeholders

he urged the government to introduce much-needed reforms in land acquisition, competency & skill building to achieve desired outcomes under 'Aatmanirbhar Bharat'

Naik takes 24% cut; company to take up Rs 4,500 cr fundraising at AGM

Larsen & Toubro non-executive chairman A M Naik on Tuesday said he was "apprehensive" about bidding for Rs 1,338-crore ITER's cryostat contract for the world's largest experimental thermo-nuclear fusion reactor in France as it was considered as "too risky" a bet. The company, which bagged the contract in 2012from ITER India, a wing of Department of Atomic Energy,to manufacture and install the cryostat, on Tuesday flagged off the last delivery of top lid sectors of the cryostat to the facility in France. Naik, who had joined the flag off ceremony through a virtual platform, recollected the days of 2011 when he was in doubt whether the company should bid for the project or not. "At the time when we were quoting in 2011, this project was perceived by L&T and by me in particular...if you want to call me a culprit...as a risk. The contract included construction of large temporary workshops in France within two years of award of contract with capacity of 200 MT and I was very ...

Naik's present tenure is scheduled to end on September 30, the conglomerate said in a regulatory filing to the BSE

Trump to visit India on Feb 24-25, here's what India expects from him

According to the sources, Trump's business delegation with around 15 CEOs would represent sectors ranging from finance and banking to information technology and retail

It is going to take a year or a year and a half before accelerated spending for development comes, says Naik

Industry doyen AM Naik went public with concerns over the economy, saying we should feel "lucky" even if GDP clips at 6.5 percent, and recommended faster project clearances like the one in Gujarat when prime minister Narendra Modi was the chief minister, as a solution. The Padma Vibhushan awardee also said the "situation is challenging" on data credibility, saying one has to use her own judgement while believing in the official numbers. "Growth is going to be not more than 6.5 percent this year. My feeling is that though they (government) claim it is 7 percent plus, if we can maintain 6.5 percent, we will be lucky," Naik, the non-executive chairman of the engineering giant L&T told reporters on the sidelines of AGM Thursday. The comments come at a time when economy slipped to a five-year low of 5.8 percent in the March quarter, and questions are being raised on the methodology of assessing the very official growth numbers by a group of economists. Naik said the ...

Naik, who joined L&T as a junior engineer in the mid-1960s and went on to become its chairman

Interview with outgoing group executive chairman of L&T

A M Naik, in a free-wheeling chat with Sheetal Agarwal explains the company's future plans while addressing some of these concerns