Naik, a Padma Vibhushan awardee, has navigated the company from a revenue of ₹5,000 crore in 1999 to ₹1,83,000 crore in 2023. Ninety-two per cent of L&T seen today was not there in its present shape and size before Naik stepped in as CEO in 1999. Naik has been the early proponent for actively promoting internationalisation of L&T’s operations by benchmarking against the global best. Often, it takes only a single meeting and a handshake for Naik to sow the seeds of a warm friendship. Because, Naik has an invisible glue that makes employees bond with the company even though they have diverse views!

Source: The Hindu July 20, 2024 20:08 UTC