Larsen & Toubro: FY2026 results and a run of Middle East energy orders
Editorial
Larsen & Toubro (L&T) reported group revenue of Rs 2,85,874 crore for the year to 31 March 2026, up 12%, and a record order…
Not Verified
Anil Manibhai Naik was born on 9 June 1942 in Navsari, Gujarat, and joined Larsen & Toubro as a junior engineer on 15 March 1965. He was promoted to assistant manager within three years, became general manager in 1986, joined the board on 23 November 1989 and became chief executive officer and managing director in 1999. In 2003 he became chairman, the first employee in the company's history to hold the post, stepped aside from executive duties in 2017, was named chairman emeritus in May 2023 and retired from L&T on 30 September 2023. He chaired the National Skill Development Corporation from 2018. In August 2016 he pledged to give 75% of his income to charity over his lifetime, through the Naik Charitable Trust (education) and the Nirali Memorial Medical Trust (healthcare); a cancer hospital in Navsari, to be run by Tata Trusts, had its foundation stone laid in January 2019. His net worth was not stated in the source reviewed.
Editorial
Larsen & Toubro (L&T) reported group revenue of Rs 2,85,874 crore for the year to 31 March 2026, up 12%, and a record order…