LARSEN & TOUBRO - Beyond bricks and mortar
THE WEEK India|October 15, 2023
A.M. Naik's vision, business acumen and work ethic transformed Larsen & Toubro from a construction company to a multinational conglomerate. And his legacy will carry it forward in a world of new opportunities and challenges
NACHIKET KELKAR
LARSEN & TOUBRO - Beyond bricks and mortar

What is common to Mumbai Trans Harbour Link, the light rail transit system in Mauritius and the Abu Dhabi International Airport Complex? They were all built by Larsen & Toubro.

Founded in 1938 by Danish engineers Henning Holck-Larsen and Soren Kristian Toubro in Mumbai, the company made its name in the engineering and construction space building landmark projects like bridges, airports, nuclear plants, factories, metro rail systems, defence installations, defence vessels, hydroelectric projects among many other things.

Though the engineers from Copenhagen laid the foundation of the company, the credit for what L&T is today goes to the Navsari-born Anil Manibhai Naik. He joined L&T in 1965 as a junior engineer and, after 58 years, stepped down as the group’s chairman on October 1.

Naik’s father was a schoolteacher, who left Bombay for his village in Gujarat in 1952. After earning a degree from Birla Vishvakarma Mahavidyalaya Engineering College in Vallabh Vidyanagar, Anand, Naik joined Nestor Boilers, but soon left it for L&T. “My dream was to go to L&T and serve the nation. L&T was the only platform, and today also is the only platform, which can serve our country,” he said in an exclusive interview.

Denne historien er fra October 15, 2023-utgaven av THE WEEK India.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra October 15, 2023-utgaven av THE WEEK India.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE WEEK INDIASe alt
What Will It Take To Clean Up Delhi Air?
THE WEEK India

What Will It Take To Clean Up Delhi Air?

IT IS ASKED, year after year, why Delhi’s air remains unbreathable despite several interventions to reduce pollution.

time-read
5 mins  |
December 08, 2024
Trump and the crisis of liberalism
THE WEEK India

Trump and the crisis of liberalism

Although Donald Trump's election to a non-consecutive second term to the US presidency is not unprecedented—Grover Cleveland had done it in 1893—it is nevertheless a watershed moment.

time-read
2 mins  |
December 08, 2024
Men eye the woman's purse
THE WEEK India

Men eye the woman's purse

A couple of months ago, I chanced upon a young 20-something man at my gym walking out with a women’s sling bag.

time-read
2 mins  |
December 08, 2024
When trees hold hands
THE WEEK India

When trees hold hands

A filmmaker explores the human-nature connect through the living root bridges

time-read
3 mins  |
December 08, 2024
Ms Gee & Gen Z
THE WEEK India

Ms Gee & Gen Z

The vibrant Anuja Chauhan and her daughter Nayantara on the generational gap in romance writing

time-read
5 mins  |
December 08, 2024
Vikram Seth-a suitable man
THE WEEK India

Vikram Seth-a suitable man

Our golden boy of literature was the star attraction at the recent Shillong Literary Festival in mysterious Meghalaya.

time-read
2 mins  |
December 08, 2024
Superman bites the dust
THE WEEK India

Superman bites the dust

When my granddaughter Kim was about three, I often took her to play in a nearby park.

time-read
3 mins  |
December 08, 2024
OLD MAN AND THE SEA
THE WEEK India

OLD MAN AND THE SEA

Meet G. Govinda Menon, the 102-year-old engineer who had a key role in surveying the Vizhinjam coast in the 1940s, assessing its potential for an international port

time-read
4 mins  |
December 08, 2024
Managing volatility: smarter equity choices in uncertain markets
THE WEEK India

Managing volatility: smarter equity choices in uncertain markets

THE INDIAN STOCK MARKET has delivered a strong 11 per cent CAGR over the past decade, with positive returns for eight straight years.

time-read
3 mins  |
December 08, 2024
Investing in actively managed low-volatility portfolios keeps risks at bay
THE WEEK India

Investing in actively managed low-volatility portfolios keeps risks at bay

AFTER A ROARING bull market over the past year, equity markets in the recent months have gone into a correction mode as FIIs go on a selling spree. Volatility has risen and investment returns are hurt.

time-read
2 mins  |
December 08, 2024