L&T Group's A M Naik Steps Down After Decades, S N Subrahmanyan Takes Over

Veteran industry leader A M Naik has stepped down as the chairman of L&T Group's IT and engineering services, paving the way for S N Subrahmanyan. Naik, with over six decades at L&T, will continue to contribute through charity work and will remain a key advisor.

In a monumental shift within L&T Group, veteran industry leader A M Naik announced his resignation as chairman of the conglomerate's IT and engineering services arms, LTIMindtree and L&T Technology Services, on Wednesday.

Naik, who has been a cornerstone of L&T for over six decades, expressed his ongoing dedication to the company through charitable initiatives and employee trust advocacy. Despite stepping down, his presence as an advisor remains invaluable.

Stepping into the leadership role, S N Subrahmanyan, who already holds the chairmanship of L&T's flagship company, has been appointed as chairman of LTIMindtree and L&T Technology Services. He emphasized the importance of organic growth and continuing Naik's legacy.