Anil Manibhai Naik’s journey with L&T started in 1965 as a junior engineer and he steadily climbed the company ladder, ultimately turning into the chairman emeritus in 2023. Last September, he handed over the reins of this engineering-to-IT-to-financial companies behemoth to SN Subrahmanyan. But, do you know that at one time Birla group and the Ambani group needed to take over Larsen & Toubro?
During his tenure, Anil Naik confronted challenges from fellow Gujarati businessmen Kumar Mangalam Birla and Dhirubhai Ambani, who tried to take over L&T.Defending L&T towards these takeover makes an attempt was a tough process. “On one hand I had a role to play to save L&T. On the other hand, I also had a role not to lose them as our customers,” Naik informed ET in an interplay. He didn’t lose both – Naik efficiently protected the corporate whereas additionally sustaining good relations with the Reliance Group and Birla, who stay valued purchasers of L&T.
Anil Naik’s administration type was characterised by being powerful but respectful. Despite the conflicts within the L&T boardroom, he by no means misplaced his cool and all the time remained mild together with his opponents. This strategy not solely helped him navigate tough conditions, nevertheless it additionally strengthened his relationships with business leaders like Mukesh Ambani, Kumar Birla, and others.
“It’s all about being tough yet being respectful. In 2003, Mr Birla and I finally shook hands. He got up from his seat and so did I,” he was quoted as saying. “Be it Mukesh Ambani or his father or Kumar Birla, I never lost my cool,” he stated. “In fact I was gentle with them even when I was fighting them in the L&T boardroom for over two years. Each one of us were doing our jobs.”
Recently, L&T obtained a exceptional single order value Rs 25,000 crore from Saudi Aramco, the world’s largest oil producer, to assemble a refinery in Saudi Arabia. Anil Naik, who obtained the Economic Times Award for Lifetime Achievement, expressed his delight on this achievement. L&T’s success extends past Saudi Arabia. The firm has additionally secured a petrochemical order value Rs 10,000 crore in neighboring Qatar.
In 1993, AM Naik made a strategic choice for Larsen & Toubro (L&T) to increase its choices by including an Engineering, Project development, procurement, and Construction vertical. This transfer proved to achieve success as inside 4 years, L&T certified for seven out of the twelve clear gas tenders it had utilized for.
Over the previous 58 years, Anil Naik has performed a pivotal function in remodeling L&T into a real Indian multinational company. The firm’s initiatives span throughout nations like UAE, Kuwait, Netherlands, Algeria, and the UK.
During his tenure, Anil Naik confronted challenges from fellow Gujarati businessmen Kumar Mangalam Birla and Dhirubhai Ambani, who tried to take over L&T.Defending L&T towards these takeover makes an attempt was a tough process. “On one hand I had a role to play to save L&T. On the other hand, I also had a role not to lose them as our customers,” Naik informed ET in an interplay. He didn’t lose both – Naik efficiently protected the corporate whereas additionally sustaining good relations with the Reliance Group and Birla, who stay valued purchasers of L&T.
Anil Naik’s administration type was characterised by being powerful but respectful. Despite the conflicts within the L&T boardroom, he by no means misplaced his cool and all the time remained mild together with his opponents. This strategy not solely helped him navigate tough conditions, nevertheless it additionally strengthened his relationships with business leaders like Mukesh Ambani, Kumar Birla, and others.
“It’s all about being tough yet being respectful. In 2003, Mr Birla and I finally shook hands. He got up from his seat and so did I,” he was quoted as saying. “Be it Mukesh Ambani or his father or Kumar Birla, I never lost my cool,” he stated. “In fact I was gentle with them even when I was fighting them in the L&T boardroom for over two years. Each one of us were doing our jobs.”
Recently, L&T obtained a exceptional single order value Rs 25,000 crore from Saudi Aramco, the world’s largest oil producer, to assemble a refinery in Saudi Arabia. Anil Naik, who obtained the Economic Times Award for Lifetime Achievement, expressed his delight on this achievement. L&T’s success extends past Saudi Arabia. The firm has additionally secured a petrochemical order value Rs 10,000 crore in neighboring Qatar.
In 1993, AM Naik made a strategic choice for Larsen & Toubro (L&T) to increase its choices by including an Engineering, Project development, procurement, and Construction vertical. This transfer proved to achieve success as inside 4 years, L&T certified for seven out of the twelve clear gas tenders it had utilized for.
Over the previous 58 years, Anil Naik has performed a pivotal function in remodeling L&T into a real Indian multinational company. The firm’s initiatives span throughout nations like UAE, Kuwait, Netherlands, Algeria, and the UK.
