Anil Manibhai Naik, Group Chairman of Larsen & Toubro Limited
Popularly known as A. M. Naik, an Indian industrialist, philanthropist and the Group Chairman of Larsen & Toubro Limited, an Indian engineering conglomerate, and since 2018, the Chairman of the National Skill Development Corporation.
Good Health and Well-Being and Quality Education
Description and impact
In his personal capacity, Naik is a philanthropist who is committed to securing positive outcomes on his initiatives in healthcare, education and skill-building. In August 2016, Naik announced that he would give 75% of his income to charitable causes over his lifetime, setting up the Naik Charitable Trust for education and the Nirali Memorial Medical Trust for healthcare. A. M. Naik, established Larsen & Toubro Public Charitable Trust (LTPCT) with a focus on instilling philanthropic values at all levels of the organisation. He encouraged employees to give back to society and used the vehicle of ESOPs as the medium of contribution. The Company matches employee contributions with an equivalent grant. Since its inception in 2004, the Trust has touched the lives of lakhs of underprivileged children, women and youth in seven states where LTPCT operates, in partnership with esteemed NGOs with the objective of reducing duplication of effort, enhancing scalability and implementing the learning to multiply impact.