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Mr. A. M. Naik
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Mr. A.M. Naik
Chairman & Managing Director
Mr. A.M. Naik heads an organization that is among the most admired companies in the country, reputed for the technological sophistication that characterizes its projects and products, for its contribution to the evolution of indigenous engineering capability and, most of all, for its inherent professionalism and the value systems that lie at its core. Few heads of companies mirror the values of the organizations as faithfully as Mr. Naik. The dynamism, professionalism and high ethical quotient are synonymous with Mr. Naik.
Joining the Company as a Junior Engineer in 1965, Mr. Naik was rapidly given positions of increasing responsibility as he moved from General Manager to Managing Director and CEO, culminating in the appointment as Chairman on December 29, 2003. Mr. Naik has successfully led the Company through some of its most challenging times and enabled it to emerge stronger. His broad global perspective has seen the Company expanding its horizons beyond domestic frontiers and positioning itself to become a true international player.
Transforming L&T into a world-class conglomerate has always been Mr. Naik's dream.
He has restructured the Company into sharply focused operating divisions and led a transformation process aimed at enhancing shareholder value. His emphasis on HR and IT as the twin engines of growth have yielded significant results.
Mr. Naik spearheaded the move to de-merge L&T's cement business to unlock value for shareholders. He played an active part in conceptualising the proposal of an Employees' Foundation/Trust to strengthen the employees' sense of belonging and enable L&T retain its identity and unique character.
Mr. Naik provided a global perspective to L&T's business orientation. This involved much more than increasing the international component of the Company's turnover. It meant changing mindsets and institutionalizing systems to benchmark virtually every critical activity in the Company against international standards. These efforts have shown dramatic results. Until 1999, exports were largely concentrated in the Middle East. The international thrust under Mr. Naik has seen spectacular breakthroughs into the markets of the developed nations such as the US, Canada, UK, Norway, South Africa and Australia.
Earlier in his tenure as Vice President, Mr. Naik kick-started the process of indigenising the manufacture of critical equipment for process industries. This enabled L&T achieve major successes in the indigenisation of critical technology in the defence and nuclear sectors. L&T is now closely associated with the nation's defence establishment in the development of weapon and missile systems.
To lead L&T in the new millennium on a path of sustained profitable growth, Mr. Naik restructured the Company and organised the operations into focused Business Units in line with its core competencies. He has been principally responsible for the extensive use of IT as a major enabler across L&T's businesses. Since an efficient management of human resources within the Company is of paramount importance, Mr. Naik recognizes the need to respect and reward intellectual capital within L&T. Mr. Naik believes that the worth of this intangible asset is invaluable. The organization, under his leadership, took major initiatives to attract, retain and groom talent.
A concern for social and welfare issues complement Mr. Naik's keen business interests. Hailing from a family of school teachers, modest in means but rich in values and cultural heritage, Mr. Naik is deeply committed to social uplift. He has provided both monetary assistance and management expertise in setting up educational institutions and a hospital in Gujarat. He is now the Chairman & President of Kharel Education Society which runs the high school with the latest education facilities.
Mr. Naik is also associated with several educational and charitable trusts to uplift the rural populace of India. He is a member of Board of Trustees of the Indian Business Trust for HIV/AIDS (IBT).
In addition to being the Chairman & MD and Director of Group Companies in India and abroad, Mr. Naik is also the Honorary Consul General for Denmark.
Mr. Naik's drive and dynamism is further visible in the myriad activities he is involved in:
He is a senior and active member of the Confederation of Indian Industry (CII) National Council. He has contributed several innovative ideas to promote Capital Goods Industry in India and abroad.
Mr. Naik led the Indian industry's delegation to the 17th Congress of World Energy Council held at Houston in 1998.
He is Member of the Board of Trade, Ministry of Commerce, Government of India, Fellow of the Indian National Academy of Engineers (INAE), and Member of the Board of Governors of the Indian Institute of Management, Ahmedabad.
Mr. Naik participated in the India-EU Summit held in Copenhagen on October 8 and 9, 2002 and was part of the delegation led by the Indian Prime Minister, Mr. Atal Behari Vajpayee along with key Cabinet colleagues.
Awards for Mr. Naik
Sankara Nethralaya, India's foremost Medical Research Foundation in eye care services based in Chennai, honoured Mr. A. M. Naik with the prestigious Sankara Ratna Award 2004. This award is given annually in recognition of the contribution of a distinguished individual or institution in support of the Nethralaya's cause and philosophy. (February 19, 2005).
The New Delhi based Foundation of Indian Industry & Economists (FIIE) conferred on Mr. A. M. Naik, its prestigious Lifetime Achievement Excellence Award for Best Corporate Man of the Decade for his dynamic leadership which has galvanized the company and helped it to register higher growth rates. (November 30, 2004).
The Indian Association of Secretaries & Administrative Professionals (IASAP) honoured Mr. A. M. Naik with the 'Executive of the Year Award 2004'. IASAP lauded Mr. Naik's innumerable achievements in the field of engineering and construction, his personal initiatives in strengthening HR systems in L&T, his focus on improvement of work culture, dynamic leadership and strategic insights as well as his other invaluable contribution to the success and growth of L&T (October 15, 2004).
Mr. A. M. Naik was honoured with the prestigious JRD Tata Corporate Leadership Award by India's premier management organization, the All India Management Association (AIMA) in New Delhi. AIMA stated: "Mr. Naik successfully restructured L&T to leverage its core competencies, thus enhancing value for shareholders. His strategic insight and his proven ability to leverage human potential for competitive advantage are sure to be of vital significance to industry as it confronts the emerging global challenges." (February 21, 2004).
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Mr. K. Venkataramanan
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Mr. K. Venkataramanan
Whole-time Director &
President (Engineering & Construction Projects)
Mr. K. Venkataramanan holds overall responsibility for the Company's E&C Division which primarily undertakes turnkey projects in vital sectors - cement & minerals, chemical plant & systems, oil & gas (onshore/offshore), hydrocarbons, fertilizer, petrochemicals and power plants.
Mr. Venkataramanan has been extensively involved in Project Management, Financial Engineering, Marketing, Research & Development, Manufacturing and senior management functions. He has been responsible for setting up a world-class fabrication facility with waterfront jetty at Hazira and for developing non-conventional business lines in the areas of oil & gas equipment, offshore platforms, defence equipment & systems, and cogeneration captive power plants.
Mr. Venkataramanan is on the Board of Directors in various joint venture companies: L&T-Chiyoda Limited, L&T-Sargent & Lundy Limited, L&T Ramboll, Bhilai Power Supply Company Limited, and others. He has been actively associated with various professional bodies including Confederation of Indian Industries, Indian Institute of Chemical Engineers, Chemtech Foundation and Bombay Chamber of Commerce & Industries. He has been conferred the prestigious CEPM- Dr. Davidson Frame Award in recognition of his excellence in Project Leadership. He has also been presented with the SAP Star Installation Award in August 2001.
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Mr. J. P. Nayak
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Mr. J.P. Nayak
Whole-time Director &
President
(Machinery & Industrial Products)
Mr. J.P. Nayak joined the L&T Group in 1965, where he worked with Tractor Engineers Limited, a joint venture of L&T and Caterpillar Tractor Co., USA. In 1980, he moved to Bangalore Works as Deputy General Manager of its Construction Equipment manufacturing unit. He was responsible for making L&T a premier hydraulic excavator manufacturer in India.
Today Mr. J.P. Nayak is Whole-time Director & President and heads the Machinery & Industrial Products businesses of L&T. He is also Director of Indian Earthmoving and Construction Industry Association Limited and a Member of CII Regional Council.
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Mr. Y. M. Deosthalee
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Mr. Y.M. Deosthalee
Whole-time Director &
Chief Financial Officer
Mr. Y.M. Deosthalee started his career with L&T in 1974. He was appointed on the Board of L&T in 1995. Mr. Deosthalee was instrumental in setting up L&T Finance Limited, a wholly owned subsidiary of L&T in 1994 and continues to oversee operations of this company. He is also in charge of Larsen & Toubro Infotech Limited (formerly known as L&T Information Technology Limited), a subsidiary company of L&T.
Mr. Deosthalee is on the Board of other subsidiary and associate companies of L&T. He is also Chairman of the Banking & Finance Committee of the Bombay Chamber of Commerce & Industry, Mumbai. He is a member of the Economic Affairs Sub-Committee of the Confederation of Indian Industry and also on their Financial Services Committee.
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Mr. R. N. Mukhija
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Mr. R.N. Mukhija
Whole-time Director &
President (Electrical & Electronics)
Mr. R.N. Mukhija has been associated with L&T since 1965, and currently holds overall responsibility for the Company's Electrical & Electronics Division (EBG). This comprises 8 businesses - Electrical Standard Products, Electrical Systems & Equipment, Petroleum Dispensing Pumps, Metering & Protection Systems, Medical Equipment & Systems, Embedded Systems & Software, Control & Automation and Telecom Projects.
Mr. Mukhija is constantly focussed on process improvements for enhancing productivity in the division. The SAP R3 Enterprise Resource Planning Implementation, which he spearheaded, became a reference for SAP worldwide.
Mr. Mukhija is Vice President of the Indian Electrical and Electronics Manufacturers' Association and Chairman of Elecrama 2002, which is one of the largest exhibitions of its kind.
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Mr. V.K. Magapu
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Mr. V.K. Magapu
Whole-time Director &
Senior Executive Vice President
(IT & Technology Services)
Mr. V.K. Magapu, Whole-time Director & Member of the Board, Larsen & Toubro Limited (L&T) is the Chief Executive of Larsen & Toubro Infotech Limited, the wholly-owned subsidiary of the engineering and technology company.
Under his leadership, L&T Infotech adopted an aggressive business development drive that resulted in key strategic alliances and the establishment of multiple Offshore Development Centers for global clients. He was also responsible for several initiatives to secure quality certifications and assessment levels that are among the most sought after in the IT industry.
In his capacity as L&T's Chief Information Officer and e-Commerce Officer, Mr. Magapu helped to devise and implement IT strategies across the Company.
Mr. Magapu joined L&T as a Graduate Engineer Trainee in 1966, and rapidly rose to assume positions of responsibility in materials management, production planning, design and various functions in marketing. In 1985, Mr Magapu took charge of L&T's newly set up Hazira Works and oversaw the development and expansion of this heavy engineering complex. Later, he was elevated to the post of Executive Vice President responsible for the Company's power project business before being appointed Chief Executive of the IT subsidiary of Larsen & Toubro Limited in 2000.
An alumnus of IIT, Chennai, Mr. Magapu holds a Masters Degree in Mechanical Science from the University of Calgary, Canada. He possesses valuable international experience in various roles such as international marketing, HRD and personnel and technology consulting in Canada..
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Mr. K. V. Rangaswami
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Mr. K. V. Rangaswami
Whole-time Director &
President (Construction)
Mr. K. V. Rangaswami, a B.Tech. (Civil) from IIT-Madras (1960-65), has been associated with L&T since 1965, in the Company's Construction Division. Joining as a Junior Engineer in 1965, he was soon elevated to head of the design wing for precast, prestressed and concrete structures. In 1992 he was appointed Joint General Manager (Civil) at ECC Headquarters and in 1994 promoted as General Manager (Civil). In 1997 he became the Vice President (Buildings & Infrastructure Projects) looking after all kinds of civil engineering projects. Thereafter he was elevated as Executive Vice President in 2001-02 with additional responsibilities of directorship of joint venture companies.
As a design engineer in ECC, Mr. Rangaswami was instrumental in designing/conceptualizing many innovative pre-casting schemes for a variety of structures, many of them being done for the first-time in India.
Mr. Rangaswami is a Member of the Board of Governors of Construction Industry Development Council (CIDC), the apex body of construction in India; Member of Board of Governors of NICMAR (National Institute of Construction Management and Research), and Charter President of IIT Alumni Association-Madras Chapter.
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Mr. M. V. Kotwal
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Mr. M. V. Kotwal
Whole-time Director &
Senior Executive Vice President (Heavy Engineering)
Mr. Kotwal joined L&T in 1968 as a Junior Engineer and rose rapidly to assume positions of increasing responsibility in the Company's specialized manufacturing facilities. He headed the Nuclear & Special Fabrication Shop in Powai, Mumbai before taking charge of critical functions at L&T's works complex in Hazira, Surat. As Vice President of Hazira Works, Mr. Kotwal had contributed significantly to enhancing the Company's capabilities in manufacturing critical high-end equipment.
Under his leadership, the Heavy Engineering Division, with its strong engineering capabilities and technological strengths, had taken a number of successful initiatives to emerge as a significant global player in the process plant equipment market, and for gaining a competitive advantage in the production of equipment for the strategic sectors of nuclear, defence and aerospace. The Heavy Engineering Division is ranked among the top five fabrication companies in the world and has exported high technology plant and equipment to over 40 countries including the USA, the UK, France, China and the Middle East.
Mr. Kotwal has been closely associated with several apex bodies. He is Co-Chairman of the Confederation of Indian Industry's national committee on Defence and a member of the Vijay Kelkar Committee tasked with advising the Government of India on restructuring defence production in the country.
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