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Mr.
A M Naik
L&T: Chairman &
Managing Director
L&T Infotech:
Chairman
Mr. A.M. Naik
mirrors the values
of the organizations
he heads -
professionalism,
dynamism and high
ethical values.
He joined L&T as
a Junior Engineer in
1965, and was
rapidly given
positions of
increasing
responsibility. He
was appointed
Managing Director &
Chief Executive
Officer of L&T on
April 28, 1999. On
December 30, 2003,
he was appointed
Chairman and
Managing Director of
L&T. He successfully
led the Company
through some of its
most challenging
times, and enabled
it to emerge
stronger each time.
His broad global
perspective has seen
the Company expand
its horizons beyond
domestic borders,
and position itself
to become a global
player.
Mr. A.M. Naik heads
an organisation that
is among the most
admired companies in
India, reputed for
the technological
excellence that
characterises its
projects and
products, for its
contribution to the
development of
indigenous
engineering
capabilities and,
for its inherent
professionalism and
value systems.
Transforming L&T
into a world-class
conglomerate has
always been Mr.
Naik's mission.
Mr. A.M. Naik
restructured the
company into sharply
focused operating
divisions, and led a
transformation
focused on enhancing
shareholder value.
His emphasis on HR
and IT as the twin
engines of growth
has yielded
significant results.
Mr. Naik spearheaded
the move to de-merge
L&T's cement
business to unlock
value for
shareholders.
He was responsible
for the formation of
the Employees'
Foundation/Trust to
strengthen the
employees' sense of
belonging, and to
enable L&T retain
its identity and
unique character.
Achieving global
standards required
changing mindsets
and
institutionalising
systems to benchmark
every critical
activity against
international
standards. These
efforts have shown
dramatic results.
Till 1999, exports
were largely to the
Middle East. The
international thrust
has seen major
breakthroughs into
the markets of the
developed nations
such as the US,
Canada, UK, Norway,
South Africa, China
and Australia.
Earlier in his
tenure (as Vice
President) Mr. Naik
initiated the
process of
indigenising
manufacture of
critical equipment
for process
industries. This
enabled L&T achieve
major successes in
the indigenisation
of critical
technology in the
defence and nuclear
sectors. L&T is now
closely associated
with the nation's
defence
establishment in the
development of
weapon and missile
systems.
To lead L&T into the
new millennium with
sustained profitable
growth, Mr. Naik
restructured the
company and
organised operations
into focused
Business Units in
line with its core
competencies.
He was principally
responsible for the
extensive use of IT
as a major enabler
across all L&T's
businesses.
Mr. Naik recognised
the need to respect
and reward
intellectual
capital. He believed
that the importance
of this intangible
asset is invaluable.
The organisation,
under his
leadership, took
major initiatives to
attract, retain and
groom talent.
A concern for social
and welfare issues
complement Mr.
Naik's keen business
interests. Growing
up in a family of
school teachers,
modest in means but
rich in values, Mr.
Naik is deeply
committed to social
uplift. He provided
both monetary
assistance and
management expertise
in setting up
educational
institutions and a
hospital. He is the
Chairman & President
of Kharel Education
Society which runs a
high school with the
latest educational
facilities.
Mr. Naik is also
associated with
several educational
and charitable
trusts to uplift the
weaker sections of
Indian society. He
is a member of Board
of Trustees of the
Indian Business
Trust for HIV/AIDS (IBT).
Mr. Naik is also the
Honorary Consul
General for Denmark
in Mumbai. |
