<p>Larsen & Toubro (L&T) is working on its next five-year plan where the group is likely to be much leaner according to its executive chairman AM Naik.<br /><br /></p>.<p>“We have already started working on our next five-year plan (2016-2021). L&T has too many businesses and we need to reduce complexity by rationalising our portfolio,” Naik said at an event which commemorated Naik’s journey of 50 years in the company.<br />If I manage to achieve this, I would be a happy man, Naik added.<br /><br />L&T’s market capitalisation has soared to Rs 1.6 lakh crore from Rs 5,800 crore in 2003 when AM Naik took over as the managing director of the company.<br /><br />Talking about the challenges during his tenure, Naik said that one of the biggest he faced was the takeover threat.<br /><br />“L&T had faced a takeover challenge from one of the big corporates during my tenure. After many negotiations and discussions, we managed to avoid it which was a big achievement,” Naik said.<br /><br />We managed to convert the threat into an opportunity for the company, Naik added.</p>
<p>Larsen & Toubro (L&T) is working on its next five-year plan where the group is likely to be much leaner according to its executive chairman AM Naik.<br /><br /></p>.<p>“We have already started working on our next five-year plan (2016-2021). L&T has too many businesses and we need to reduce complexity by rationalising our portfolio,” Naik said at an event which commemorated Naik’s journey of 50 years in the company.<br />If I manage to achieve this, I would be a happy man, Naik added.<br /><br />L&T’s market capitalisation has soared to Rs 1.6 lakh crore from Rs 5,800 crore in 2003 when AM Naik took over as the managing director of the company.<br /><br />Talking about the challenges during his tenure, Naik said that one of the biggest he faced was the takeover threat.<br /><br />“L&T had faced a takeover challenge from one of the big corporates during my tenure. After many negotiations and discussions, we managed to avoid it which was a big achievement,” Naik said.<br /><br />We managed to convert the threat into an opportunity for the company, Naik added.</p>
