AM Naik, Executive Chairman of Larsen & Toubro, an engineering and construction giant, has steered the company through some of its most turbulent times. Under him, L&T has recorded probably the most robust performance and the scrip has had the fastest rise in its history. How did this kid from a village in Gujarat who did not know English, rise through the ranks to emerge as the leader of this professionally-managed company? Here is his story as told to Sucheta Dalal and Debashis" /> AM Naik, Executive Chairman of Larsen & Toubro, an engineering and construction giant, has steered the company through some of its most turbulent times. Under him, L&T has recorded probably the most robust performance and the scrip has had the fastest rise in its history. How did this kid from a village in Gujarat who did not know English, rise through the ranks to emerge as the leader of this professionally-managed company? Here is his story as told to Sucheta Dalal and Debashis" /> AM Naik, Executive Chairman of Larsen & Toubro, an engineering and construction giant, has steered the company through some of its most turbulent times. Under him, L&T has recorded probably the most robust performance and the scrip has had the fastest rise in its history. How did this kid from a village in Gujarat who did not know English, rise through the ranks to emerge as the leader of this professionally-managed company? Here is his story as told to Sucheta Dalal and Debashis">

 

 

''By 2010 we will hopefully come to the take-off point to becoming a true Indian multinational in our sector''
ML: Would you start by telling us something about your background?
Naik: My upbringing has a lot to do with what I am. Our family was called the 'teacher's family' - 'Master Kutumb' in Gujarati as my grandfather was the headmaster of the Gurukul school. My father, an M.Sc and M.Ed in those days, came to Bombay in 1944 and was a senior teacher at Hansraj Morarjee public school at...
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Suggestions

I like your sincere, unbiased and enlightening articles in your blue-chip-in-the-making MoneyLIFE. May God inspire you to move on with Godspeed with the same spirit, always. May I make a few suggestions for your kind consideration:
a. Please publish an incisive article on the incredible zoom-up in the realty/housing construction scrips over the past two months or so. Please...
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Card Tricks
When it comes to modern day banking, it would be foolish to say 'yes' to their many offers without studying the fine print for hidden costs and charges. Check this out. M Mehta shopped at Big Bazaar as usual and paid by credit card. But instead of being charged in full, his credit card statement showed an Equated Monthly Installment (EMI) of a third that he spent. Furious, he called...
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