'Overconfident': L&T recruiter cut AM Naik's salary to Rs 670 after hiring interview in 1964 businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Delhi: In 1964, A.M. Naik, a twenty-two-year-old engineering graduate, chanced upon a recruitment advertisement for Larsen & Toubro.Despite almost botching up his final interview, Naik was hired. ‘I've sacked thirty-eight engineers - don't be num
India Business News: Anil Naik's management style was characterized by being tough yet respectful. Despite the conflicts in the L&T boardroom, he never lost his cool and a
Anil Manibhai Naik joined L&T in 1965 as a junior engineer, became chief executive in 1999, chairman in 2003, group chairman in 2017 and chairman emeritus in 2023, handing over the reins to SN Subrahmanyan in September last year. "I am proud that we got a Rs 25,000-crore single order from Saudi Aramco, the world s largest oil producer, to build a refinery in their country," says Naik, recipient of the Economic Times Award for Lifetime Achievement.
Despite holding a degree in Mechanical Engineering from Birla Vishvakarma Mahavidyalaya Engineering College, Naik faced initial setbacks due to the company's preference for IIT graduates.