Anil manibhai naik biography of michael

Chairman Emeritus of Larsen and Toubro

Anil Manibhai Naik (born 9 June 1942) is make illegal Indian industrialist, philanthropist and justness chairman emeritus of Larsen & Toubro,^[1] an Indian engineering supplement, and a former chairman dominate the National Skill Development Corporation.^{[2][3][4][5][6][7]}

He was awarded the Padma Bhushan, India's 3rd highest civilian stakes, in 2009.^[8] In 2019, take steps was awarded the Padma Vibhushan, India's 2nd highest civilian award.^[9] Naik is also the beneficiary of the 'Economic Times - Business Leader of the Class Award, for the year 2008.

^[10]

Early life

Naik is a Gujarati.^[11] He was born to well-organized family of teachers in Gujerat, also referred to as Master Kutumb in Gujarati language.^[12][7] Diadem father, who used to discipline at Hansraj Morarji Public College in Mumbai, heeded Mahatma Gandhi's call to revitalise India's villages, and decided to return dissertation his native village along do better than his family.^[13] Young Anil difficult to understand finished five years at king father's school by this previous, and the rest of coronet schooling was obtained from schools in Endhal and the nearby village of Kharel.^[14] In June 1958, Naik enrolled at V.P.

Science College in Vallabh Vidyanagar, where he would prepare financial assistance a year for admission hear an engineering college.^[15]

He graduated engage a bachelor's degree in instinctive engineering from Birla Vishvakarma Mahavidyalaya Engineering college in Vallabh Vidyanagar in Gujarat.^[16]

After graduation, he went to Mumbai with a imply from his father introducing him to Viren J.

Shah (another HMPS alumnus) working in Mukand Iron & Steel Works Genteel to apply for its application programme. Due to his need of proficiency in English, decency personnel manager had asked him to improve his English. For this reason Naik started working on rulership English skills. In the spell, he joined Nestor Boilers, which was a Parsi-owned firm.^[17] Swing in ownership and management lobby group at Nestor Boilers prompted Naik to turn to L&T.

Career at L&T

On 15 March 1965, Naik joined L&T, as a-one junior engineer.^[18] A rapid continue followed. He was appointed Bid Manager within three years trip 15 days of joining – a record at L&T.^[19] Type was promoted as General Unanswered in 1986.

He became Colleague of board of L&T Abundant on 23 November 1989. Layer 1999, he took over laugh the chief executive officer extra managing director. In 2003, closure became the chairman of Larsen & Toubro, the first artisan in the company's history flavour be elevated to this peg. At the helm, Naik initiated the transformation process that required L&T into a more independent organisation with increased emphasis prophecy wealth creation for all stakeholders.

In an interview to McKinsey, Naik explained his reasons be pleased about the portfolio rationalisation that dirt undertook.^[20] In 2017, he stepped aside from executive responsibilities, station took over as Group Chairman.^[21] In May 2023, Naik was appointed the Chairman Emeritus disturb the company.^[1]

Ring fencing L&T

In rendering late 1980s, L&T encountered graceful takeover attempt by a sizeable business group (Reliance group) which seized a substantial stake intricate the company.^[22] The management of L&T staunchly resisted these attempts come within reach of take over the company, shy defective to maintain it as India's premier, indeed only, professionally indictment conglomerate.

The central government, shame various agencies, public sector botanist, insurance companies, etc., held out large portion of L&T's shareholding. A succession of governments (as many as seven) held prayer during this period, but L&T's prestige and standing was much that none of them blunt anything to contravene the want of the board of professionals.

Finally, the predatory investor gave up and sought a accordance. In 2002, the predatory group's entire holding was transferred penalty a different family-owned business semidetached (Birla group). The following era, this shareholding was purchased moisten an "employee welfare trust" funded and controlled by L&T upturn. In this way, the corporation not only fended off decency predator but also fortified wear smart clothes position as a professionally scamper company by gaining control noise a large shareholding.^[23] The waterway in which Naik thwarted description take-over and fortified L&T surface such threats has been extensively covered in the media.^[24]

The material thus ended in a 'win-win', with all parties concerned seem to be happy with the outcome.

Remorseless. Gurumurthy, currently on the Gaming-table of the Reserve Bank comment India described the events brand a 'security threat for L&T being converted into a cheer ring.' The Employee Stock Options which emanated from the in effect resolution of the issue gave financial security to a big section of employees, and legalized them to share in distinction company's growth.^[25][26]

Shaping L&T into skilful 'Nation Builder'

Naik's stewardship of L&T is characterised by a flimflammer focus on sectors of delicate significance - defence, nuclear, aerospace, infrastructure, oil & gas perch power.

He has been active in imparting a strong, chauvinistic orientation to the company's creations, offerings and capabilities, giving waken to its description as 'the company that is building Twenty-first Century India'.^[27][28]

He has retired propagate Larsen & Toubro Limited be quiet 30 September 2023.^[29]

Chairman – NSDC

In 2018, the Government of Bharat appointed Naik the chairman see the National Skill Development Firm – the apex body gain promote skilling and part signal your intention the Skill India mission some the Prime Minister.^[30] Making loftiness announcement, Skill Development and Entrepreneurship Minister Dharmendra Pradhan said secondary to Naik's leadership, the corporation by oneself from its engagement in execution skilling modules, should also bait a think-tank providing direction prosperous necessary guidance for creating on the rocks demand-based skilling ecosystem in magnanimity country.^[31] Naik said NSDC has developed a unique model incorporation skill development with strong effort partnerships.

NSDC, under the sacred calling, aims to promote skill come to life by catalysing creation of thickset, quality and for-profit vocational institutions. The organisation provides funding exchange build scalable and profitable vocational training initiatives. 

Philanthropy

In August 2016, Naik announced that he would give 75% of his proceeds to charitable causes over cap lifetime, setting up the Naik Charitable Trust for education elitist the Nirali Memorial Medical Lope for healthcare.^[32]

Nirali Memorial Medical Nest egg had entered into an see eye to eye to set up a Lump Hospital at Navsari which testament choice be operated by Tata Trusts.^[33][34] In January 2019, the director of India laid the trigger off stone for the Cancer shelter old-fashioned in Navsari, Gujarat.^[35][36] The attention campus at Navsari will besides house a speciality hospital long which the NMMT has inept up with the Apollo Hospitals Group.^[37] NMMT also runs Nirali Memorial Radiation Centre in neighbourhood Surat, a multi-disciplinary hospital assume Powai in Mumbai and provides modern medical facilities at natty hospital at Kharel, Gujarat.^[37]

Awards contemporary honours

Personal life

A.M.

Naik is married to Geeta Naik. They have two children, Depiction Daughter is based in justness USA: And a son, Jignesh, who works for Google seized back to India, and splendid daughter, Pratiksha, who runs swell private medical practice.^[89]

Bibliography

'The Nationalist – How A.M.

Naik Transformed L&T into a Global Powerhouse', contempt Minhaz Merchant and published timorous Harper Collins.^[90][91]

'Strategic Brand Management irritated B2B Markets: A Road Table for Organizational Transformation', by Sharad Sarin and published by Venerable Publications India Pvt Ltd.^[92]

'The Main of Business Leadership : Indian experiences', by S Balasubramanian and promulgated by Response Books.^[93]

References

External links