FOR A.M. NAIK, Larsen & Toubro is his temple and work, indeed, is worship. It’s his relentless passion and commitment to L&T that has led him to spot new opportunities in new businesses. The executive group chairman has transformed L&T from a mere engineering and EPC player to a mammoth conglomerate that’s into defence, water, technology and hydrocarbons, and heavy engineering. In a free-wheeling conversation with Clifford Alvares, Naik dwells at length on what drives him, on the importance of succession planning and the growth of L&T. Edited excerpts:
Q: You are moving ahead. Is there an unfinished agenda that you are working on?
I will take up my new role as group chairman. But, group chairman with a difference. I will promote one of the largest projects in future. Then, I am going into succession planning. I have finished mentoring Batch 1, which included seven independent heads and five directors, including my successor S.N. Subrahmanyan. I have now taken on the next batch of 22 people, and they will be ready to take over as heads of various divisions, while some will graduate to become directors at around 2030. Our present CEO is on till 2032, and they will be ready by then.
Q: You have announced succession planning quite early. What is the motive?
This has been the most classical succession planning ever done. For 12 years, I mentored Subramanyan, and started giving him more and more responsibilities from 2006. Three years ago, I declared that he would succeed me. He is the vice-chairman both for L&T Infotech and L&T Technology Services, and the CEOs report to him.
هذه القصة مأخوذة من طبعة October 1, 2017 من Businessworld.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 1, 2017 من Businessworld.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
