AM Naik joined the corporate in 1965 as a junior engineer. (File)
New Delhi:
AM Naik stepped down because the chairman of L&T Group on Saturday.
He handed over the reins of the $23 billion conglomerate to SN Subrahmanyan at an occasion in Mumbai.
AM Naik, 81, will now be the chairman of the workers belief. He’ll concentrate on rising many philanthropic initiatives that he has been endeavor for the previous few years, in accordance with an announcement.
India Put up unveiled a postage stamp on AM Naik on the event.
AM Naik’s consideration going ahead will probably be on his philanthropic initiatives, together with the Naik Charitable Belief which focuses on schooling and skill-building of the underprivileged, and the Nirali Memorial Medical Belief devoted to facilitating tremendous speciality healthcare at subsidised price.
AM Naik joined the corporate in 1965 as a junior engineer and went on to develop into its Group Chairman.
Within the almost three a long time in management roles, AM Naik helped the corporate develop to its current dimension and stature, the assertion mentioned.
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