A M Naik has chaired the annual general meeting for the last time as the head of the Larsen & Toubro (L&T) group, as he prepares to become chairman emeritus on September 30th. Since he joined as a junior engineer in 1965, L&Ts revenue has grown from Rs 5000 crore to Rs 1.83 lakh crore on a like-to-like basis, while its share price has risen 15,000% and its market capitalisation 20 times.
Major firms like Wipro, Hindustan Unilever, Tech Mahindra, LTI Mindtree, Aditya Birla Sun Life AMC, Aarti Surfactants, Axis Bank, Bajaj Finserv, Bajaj Holdings & Investment, ACC, Agro Tech Foods, Glenmark Life Sciences, etc, will announce their Q4 earnings on Thursday