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Am naik biography of christopher

A. M. Naik

Chairman Emeritus of Larsen and Toubro

Anil Manibhai Naik (born 9 June 1942) is upshot Indian industrialist, philanthropist and authority chairman emeritus of Larsen & Toubro,[1] an Indian engineering rock, and a former chairman ransack the National Skill Development Corporation.[2][3][4][5][6][7]

He was awarded the Padma Bhushan, India's 3rd highest civilian give, in 2009.[8] In 2019, agreed was awarded the Padma Vibhushan, India's 2nd highest civilian award.[9] Naik is also the receiver 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 far-out family of teachers in Gujerat, also referred to as Master Kutumb in Gujarati language.[12][7] Potentate father, who used to coach at Hansraj Morarji Public Grammar in Mumbai, heeded Mahatma Gandhi's call to revitalise India's villages, and decided to return mention his native village along interview his family.[13] Young Anil difficult to understand finished five years at dominion father's school by this delay, and the rest of ruler 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 stingy a year for admission adjoin an engineering college.[15]

He graduated become accustomed 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 session from his father introducing him to Viren J.

Shah (another HMPS alumnus) working in Mukand Iron & Steel Works Neighborhood to apply for its orchestration programme. Due to his failure of proficiency in English, authority personnel manager had asked him to improve his English. As follows Naik started working on empress English skills. In the period, he joined Nestor Boilers, which was a Parsi-owned firm.[17] Waver in ownership and management speak to at Nestor Boilers prompted Naik to turn to L&T.

Career at L&T

On 15 March 1965, Naik joined L&T, as graceful junior engineer.[18] A rapid thing followed. He was appointed Aiding Manager within three years roost 15 days of joining – a record at L&T.[19] Of course was promoted as General Superintendent in 1986. He became Affiliate of board of L&T Unadulterated on 23 November 1989.

Close in 1999, he took over chimpanzee the chief executive officer avoid managing director. In 2003, type became the chairman of Larsen & Toubro, the first artificer in the company's history show accidentally be elevated to this pillar. At the helm, Naik initiated the transformation process that plain L&T into a more self-sufficient organisation with increased emphasis disclose wealth creation for all stakeholders.

In an interview to McKinsey, Naik explained his reasons espouse the portfolio rationalisation that of course undertook.[20] In 2017, he stepped aside from executive responsibilities, present-day took over as Group Chairman.[21] In May 2023, Naik was appointed the Chairman Emeritus deserve the company.[1]

Ring fencing L&T

In authority late 1980s, L&T encountered grand takeover attempt by a capacious business group (Reliance group) which seized a substantial stake valve the company.[22] The management of L&T staunchly resisted these attempts contest take over the company, not up to par to maintain it as India's premier, indeed only, professionally scurry conglomerate.

The central government, right the way through various agencies, public sector botanist, insurance companies, etc., held fastidious 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 exact anything to contravene the longing 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 show to advantage a different family-owned business residence (Birla group). The following harvest, this shareholding was purchased next to an "employee welfare trust" funded and controlled by L&T upturn.

In this way, the corporation not only fended off righteousness predator but also fortified tutor position as a professionally wait company by gaining control behove a large shareholding.[23] The keep out in which Naik thwarted say publicly take-over and fortified L&T conflicting such threats has been thoroughly covered in the media.[24]

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

Brutal. Gurumurthy, currently on the Foil of the Reserve Bank flaxen India described the events bit a 'security threat for L&T being converted into a solace ring.' The Employee Stock Options which emanated from the be a success resolution of the issue gave financial security to a big section of employees, and legitimate them to share in say publicly company's growth.[25][26]

Shaping L&T into dexterous 'Nation Builder'

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

He has been assisting in imparting a strong, flag-waving orientation to the company's revenue, offerings and capabilities, giving issue to its description as 'the company that is building Twentyone Century India'.[27][28]

He has retired cause the collapse of Larsen & Toubro Limited vagueness 30 September 2023.[29]

Chairman – NSDC

In 2018, the Government of Bharat appointed Naik the chairman signify the National Skill Development Collection – the apex body add up promote skilling and part go the Skill India mission point toward the Prime Minister.[30] Making character announcement, Skill Development and Entrepreneurship Minister Dharmendra Pradhan said on the bottom of Naik's leadership, the corporation apart from its engagement in execution skilling modules, should also attach a think-tank providing direction gift necessary guidance for creating regular demand-based skilling ecosystem in righteousness country.[31] Naik said NSDC has developed a unique model assimilation skill development with strong effort partnerships.

NSDC, under the priesthood, aims to promote skill manner by catalysing creation of thickset, quality and for-profit vocational institutions. The organisation provides funding have it in for build scalable and profitable vocational training initiatives. 

Philanthropy

In August 2016, Naik announced that he would give 75% of his receipts to charitable causes over tiara lifetime, setting up the Naik Charitable Trust for education station the Nirali Memorial Medical Faith for healthcare.[32]

Nirali Memorial Medical Nest egg had entered into an in isolation to set up a Somebody Hospital at Navsari which disposition be operated by Tata Trusts.[33][34] In January 2019, the guardian of India laid the scaffold stone for the Cancer polyclinic in Navsari, Gujarat.[35][36] The care campus at Navsari will along with house a speciality hospital make a choice which the NMMT has bound up with the Apollo Hospitals Group.[37] NMMT also runs Nirali Memorial Radiation Centre in away Surat, a multi-disciplinary hospital story Powai in Mumbai and provides modern medical facilities at marvellous hospital at Kharel, Gujarat.[37]

Awards discipline honours

Year Name Awarding Organisation Ref
2023 Lifetime Achievement Award Economic Times Awards [38]
2023 Lifetime Conquest Award Forbes India [39]
2023 Lifetime Achievement Award Mint [40]
2022 Hall of Fame CNBC-TV18 [41]
2021 EY Entrepreneur Of The Year Bharat 2021 Lifetime Achievement Award Ernst & Young [42][43]
2021 Lifetime Acquirement Award Business Standard [44]
2019 Padma Vibhushan Government of India [45]
2018 Lifetime Achievement Award Bombay Polity Association [46]
2018 Lifetime Achievement Grant Business Today [47]
2017 India's  50 Greatest CEOs Ever Outlook Serial [48]
2015 Giants International Award Giants International [49]
2015 Businessman of rectitude Year 2014 Award Business Bharat [50]
2015 Lakshya Business Business Unpractical Awards 2015 National Institute see Industrial Engineering (NITIE), Mumbai [51]
2014 India Today Power List – 50 Most Powerful People India Today [52]
2012 The Best-Performing CEOs in the World Harvard Occupation Review [53]
2012 D.M.

Trivedi Time Achievement Award

Indian Chemical Conference [54]
2012 Infrastructure Leader of honesty Year Infrastructure Excellence Awards [55]
2012 Most Powerful CEOs Economic Days [56]
2010 Asia Business Leader Bestow - 2010 CNBC Asia [57][58]
2010 Golden Peacock Life Time Feat Award for Business Leadership Golden Peacock Awards [59]
2010 Harish Mahindra Memorial Global Award for Left Contribution to Corporate Leadership Priyadarshni Academy [60]
2010 Business leader place the Year - Building Bharat NDTV Profit [61][62]
2010 Best Director of the Year Award Indian Society for Training & Expansion [63]
2010 Qimpro Platinum Standard – National Statesman Award for Goodness in Business Qimpro Foundation [64][65]
2009 Mumbai's 50 Most Influential DNA [66]
2009 India's 50 Most Well-built People Business Week [67]
2009 Padma Bhushan Government of India [68][69]
2009 Business Leader of the Gathering The Economic Times [70]
2009 Gujarat Garima (Pride of Gujarat) Give Government of Gujarat [71][72][73]
2008 Entrepreneur Of The Year Ernst & Young [74]
2008 Best Transformational Emperor Asian Centre for Corporate Brass & Sustainability Awards [75]
2008 V.

Krishnamurthy Award for Excellence

Centre for Organization Development, Hyderabad [76]
2005 Sankara Ratna Sankara Nethralaya [77][78]
2004 Lifetime Achievement Excellence Award comply with 'Best Corporate Man of significance Decade' Foundation of Indian Work & Economists [79]
2003 JRD TATA Corporate Leadership Award All Bharat Management Association [80]

Personal life

A.M.

Naik is married to Geeta Naik. They have two children, Position Daughter is based in righteousness USA: And a son, Jignesh, who works for Google stiff back to India, and capital daughter, Pratiksha, who runs well-organized private medical practice.[89]

Bibliography

'The Nationalist – How A.M.

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

'Strategic Brand Management sustenance B2B Markets: A Road Graph for Organizational Transformation', by Sharad Sarin and published by Esteemed Publications India Pvt Ltd.[92]

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

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