Business Companies 11 Jul 2016 I will ensure L&T st ...

I will ensure L&T stays in strong hands: Naik

PTI
Published Jul 11, 2016, 12:55 am IST
Updated Jul 11, 2016, 12:55 am IST
A M Naik says he will pass on the reins to his successor S N Subrahmanyan next year.
Anil Manibhai Naik, Group Executive Chairman of Larsen & Toubro Limited speaks during a press conference announcing the IPO plans for L&T Infotech in Mumbai. (Photo: PTI)
 Anil Manibhai Naik, Group Executive Chairman of Larsen & Toubro Limited speaks during a press conference announcing the IPO plans for L&T Infotech in Mumbai. (Photo: PTI)

New Delhi: Describing L&T as his “life with priority beyond wife and children”, the diversified conglomerate’s long-serving chief A M Naik says he will pass on the reins to his successor S N Subrahmanyan next year and the focus is now on grooming the next line of leadership.

The 74-year-old Naik, who has been with Larsen and Toubro for 52 years, including about 18 years as its head after rising through ranks, said he knows everything “on the pulse” at L&T and things might not be as easy for his successor but he will ensure that the company remains in strong hands.

 

“I don’t want the criticism that Mr Naik did a great job when he was present, but as soon as he went the company did not do so well. It is my life. “So I often sing Raj Kapoor song from the film Mera Naam Joker -- Jeena yahaan, marna yahaan; Iske siva jaana kahaan,” Mr Naik said.    

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