L&T HR defends chairman SN Subrahmanyan's 90-hour workweek comments, stating they were 'misinterpreted' and 'taken out of context,' amid widespread backlash
Industrialists Anand Mahindra and Adar Poonawalla batted for quality of work over quantity after L&T Chairman SN Subrahmanyan advocated for a 90-hour work week
A M Naik stepped down from his non-executive chairman role for the company on 30 September. Naik announced Subrahmanyan as his successor in 2016 and has been mentoring him since
Total compensation of L&T's executive directors (including Subrahmanyan) in FY22 was 120 to 670 times the median remuneration of the company's employees, data from its FY22 annual report shows
He said the stoppage of infrastructure projects in multiple states, macroeconomic concerns, and the coronavirus scare have led to the company losing its growth momentum briefly