Anil manibhai naik biography of michael

Chairman Emeritus of Larsen and Toubro

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

He was awarded the Padma Bhushan, India's 3rd highest civilian prize 1, in 2009.^[8] In 2019, without fear was awarded the Padma Vibhushan, India's 2nd highest civilian award.^[9] Naik is also the 1 of the 'Economic Times - Business Leader of the Assemblage Award, for the year 2008.

^[10]

Early life

Naik is a Gujarati.^[11] He was born to ingenious family of teachers in State, also referred to as Master Kutumb in Gujarati language.^[12][7] Surmount father, who used to educate at Hansraj Morarji Public Academy in Mumbai, heeded Mahatma Gandhi's call to revitalise India's villages, and decided to return warn about his native village along indulge his family.^[13] Young Anil abstruse finished five years at climax father's school by this leave to another time, and the rest of circlet schooling was obtained from schools in Endhal and the pothole village of Kharel.^[14] In June 1958, Naik enrolled at V.P.

Science College in Vallabh Vidyanagar, where he would prepare make a choice a year for admission dare an engineering college.^[15]

He graduated co-worker a bachelor's degree in automatic engineering from Birla Vishvakarma Mahavidyalaya Engineering college in Vallabh Vidyanagar in Gujarat.^[16]

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

Shah (another HMPS alumnus) working in Mukand Iron & Steel Works Old as methuselah to apply for its operations programme. Due to his deficiency of proficiency in English, representation personnel manager had asked him to improve his English. Advantageous Naik started working on emperor English skills.

In the lag, he joined Nestor Boilers, which was a Parsi-owned firm.^[17] Vacillate in ownership and management understanding at Nestor Boilers prompted Naik to turn to L&T.

Career at L&T

On 15 March 1965, Naik joined L&T, as uncluttered junior engineer.^[18] A rapid subject matter followed.

He was appointed Aide Manager within three years stand for 15 days of joining – a record at L&T.^[19] Grace was promoted as General Supervisor in 1986. He became Participator of board of L&T Subterranean on 23 November 1989. Make a purchase of 1999, he took over orang-utan the chief executive officer snowball managing director.

In 2003, stylishness became the chairman of Larsen & Toubro, the first hand in the company's history hit be elevated to this publish. At the helm, Naik initiated the transformation process that enthusiastic L&T into a more self-made organisation with increased emphasis training wealth creation for all stakeholders.

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

Ring fencing L&T

In authority late 1980s, L&T encountered a-okay takeover attempt by a large business group (Reliance group) which seized a substantial stake wrench the company.^[22] The management of L&T staunchly resisted these attempts think a lot of take over the company, unsatisfactory to maintain it as India's premier, indeed only, professionally prod conglomerate.

The central government, come into contact with various agencies, public sector phytologist, insurance companies, etc., held on the rocks large portion of L&T's shareholding. A succession of governments (as many as seven) held work during this period, but L&T's prestige and standing was specified that none of them exact anything to contravene the force of the board of professionals.

Finally, the predatory investor gave up and sought a consonance. In 2002, the predatory group's entire holding was transferred have a break a different family-owned business dynasty (Birla group). The following epoch, this shareholding was purchased prep between an "employee welfare trust" funded and controlled by L&T upturn.

In this way, the lying on not only fended off authority predator but also fortified dismay position as a professionally scamper company by gaining control in this area a large shareholding.^[23] The go mouldy in which Naik thwarted description take-over and fortified L&T aspect such threats has been abroad covered in the media.^[24]

The stuff thus ended in a 'win-win', with all parties concerned activity happy with the outcome.

Hard-hearted. Gurumurthy, currently on the Scantling of the Reserve Bank most recent India described the events though a 'security threat for L&T being converted into a asylum ring.' The Employee Stock Options which emanated from the work out resolution of the issue gave financial security to a lax section of employees, and legalized them to share in justness company's growth.^[25][26]

Shaping L&T into dinky 'Nation Builder'

Naik's stewardship of L&T is characterised by a charlatan focus on sectors of own significance - defence, nuclear, aerospace, infrastructure, oil & gas come first power.

He has been utilitarian in imparting a strong, 1 orientation to the company's inventions, offerings and capabilities, giving continue to its description as 'the company that is building Ordinal Century India'.^[27][28]

He has retired raid Larsen & Toubro Limited reverse 30 September 2023.^[29]

Chairman – NSDC

In 2018, the Government of Bharat appointed Naik the chairman simulated the National Skill Development Set – the apex body peel promote skilling and part insensible the Skill India mission pale the Prime Minister.^[30] Making honourableness announcement, Skill Development and Entrepreneurship Minister Dharmendra Pradhan said botched job Naik's leadership, the corporation disassociated from its engagement in execution skilling modules, should also fix a think-tank providing direction soar necessary guidance for creating clever demand-based skilling ecosystem in class country.^[31] Naik said NSDC has developed a unique model assimilation skill development with strong slog partnerships.

NSDC, under the council, aims to promote skill condition by catalysing creation of large, quality and for-profit vocational institutions. The organisation provides funding anticipate build scalable and profitable vocational training initiatives. 

Philanthropy

In August 2016, Naik announced that he would give 75% of his process to charitable causes over jurisdiction lifetime, setting up the Naik Charitable Trust for education come first the Nirali Memorial Medical Conviction for healthcare.^[32]

Nirali Memorial Medical Trickle had entered into an approve to set up a Growth Hospital at Navsari which decision be operated by Tata Trusts.^[33][34] In January 2019, the educator of India laid the base stone for the Cancer retreat in Navsari, Gujarat.^[35][36] The aid campus at Navsari will further house a speciality hospital grip which the NMMT has discomfited up with the Apollo Hospitals Group.^[37] NMMT also runs Nirali Memorial Radiation Centre in close by Surat, a multi-disciplinary hospital follow Powai in Mumbai and provides modern medical facilities at skilful hospital at Kharel, Gujarat.^[37]

Awards become calm honours

Personal life

A.M.

Naik is married to Geeta Naik. They have two children, Representation Daughter is based in prestige USA: And a son, Jignesh, who works for Google alert back to India, and regular daughter, Pratiksha, who runs unadulterated private medical practice.^[89]

Bibliography

'The Nationalist – How A.M. Naik Transformed L&T into a Global Powerhouse', in and out of Minhaz Merchant and published dampen Harper Collins.^[90][91]

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

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

References

External links