L&T in a recent board meeting has unanimously voted Mr. A M Naik again as the chairman of the L&T Group for next three years. Mr. Naik’s term is scheduled to end on 30 September 2020. His new term will start with effect from 1 October 2020.
Mr. Naik, now 78 joined L&T in June 1965 as a junior engineer and rose rapidly to the position of Managing Director and CEO in 1999. In 2017 he stepped down from executive responsibilities of the company and took over as Chairman of L&T Group.