Synopsis
Eighty-one-year-old AM Naik, group chairman, L&T, met SN Subrahmanyan for the first time during a restructuring exercise to make the company’s ECC division more efficient. Since then, Naik’s trust in Subrahmanyan has deepened with the former mentoring him for over 11 years. Speaking to ET Prime, Naik tells us why and how he chose Subrahmanyan for the top job.
Larsen & Toubro group chairman AM Naik has had an illustrious 20-year-long career at the top of India’s leading engineering and construction company. Naik, who joined L&T in 1965 as a junior engineer, went on to become a board member in 1989, CEO and managing director in 1999, and chairman and managing director in 2003-end. L&T is a company without a promoter. But Naik, throughout his career, has shown a strong affinity to the
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