The L&T Chairman : SN Subrahmanyan wrote in his first letter to the staff as chairman and MD that the business must remain inspired to reimagine and engineer the future.
The L&T Chairman : In recent times, the global landscape has been witnessing a profound transformation, driven by a myriad of factors that impact not only businesses but also the environment we inhabit. In a significant address to the employees of Larsen & Toubro (L&T), the esteemed Chairman, Mr. SN Subrahmanyan, issued a stark warning about the impending “massive changes” that are set to reshape our world. This article delves into Mr. Subrahmanyan’s insightful message and the implications it holds for both L&T and the broader global community.
Understanding the Visionary Leader – SN Subrahmanyan
The L&T Chairman : Before we delve into the profound message delivered by Mr. Subrahmanyan, it is essential to understand the man behind the statement. Mr. SN Subrahmanyan is a name synonymous with leadership, innovation, and sustainability. As the Chairman of L&T, one of India’s most esteemed conglomerates, he carries a legacy of excellence in engineering, construction, and infrastructure projects.
The Warning: “Massive Changes” in the Environment
The L&T Chairman : In his address to L&T employees, Mr. Subrahmanyan raised concerns about the imminent “massive changes” that our environment is bound to undergo. While he did not delve into specific details, the message conveyed a sense of urgency and a call for proactive measures.
The world is undergoing enormous changes in terms of ecosystem, energy, and sustainability as a way of life, and they must speed and scale with the change to meet their customers’ demands, according to S N Subrahmanyan in his first letter to the employees of Larsen & Toubro (L&T) Group after taking over as chairman and managing director of the engineering major.
The L&T Chairman : “Our clients will continue to expect perfection from us every day, so we cannot afford to rest on our laurels. Performance, performance, performance cannot be our priority, Subrahmanyan wrote in a letter to the staff on October 1 after taking over management of L&T.
The letter made notice of how quickly digitalization is taking over the world of business and how technology must be used effectively to boost the organization’s productivity and efficiency.
The L&T Chairman : He declared, “We must believe in the strength of the L&T brand and must do whatever is necessary to work, lead, and assist in advancing the value systems of the culture that is associated with the same.”
A M Naik, the former chairman of L&T, and the board members were also acknowledged for their confidence in him. On September 30, Naik formally relinquished his position as Non-Executive Chairman of L&T, handing the $23 billion company over to SN Subrahmanyan.
According to SN Subramanyan, the organization has a long history of changing lives since their work is woven into the very fabric of existence. It is up to each individual to leave their mark on the future that they must create together.
Climate Crisis and Its Ramifications
The L&T Chairman : One cannot help but connect Mr. Subrahmanyan’s warning to the growing climate crisis that has been looming over the world. The rise in global temperatures, extreme weather events, and the depletion of natural resources are undeniable signs of a planet in distress. This crisis has far-reaching implications for businesses, societies, and individuals alike.
The Role of Corporations in Environmental Stewardship
The L&T Chairman : As the head of L&T, Mr. Subrahmanyan’s warning highlights the vital role that corporations play in environmental stewardship. It’s not just about profitability and growth; it’s about ensuring that these objectives are achieved while safeguarding the environment for future generations.
L&T’s Commitment to Sustainability
The L&T Chairman : L&T has long been at the forefront of sustainable practices in the industry. The conglomerate has consistently demonstrated its commitment to reducing its carbon footprint, adopting eco-friendly technologies, and promoting green initiatives. Under Mr. Subrahmanyan’s leadership, L&T has embraced the principles of environmental responsibility.
The Path Forward
The L&T Chairman : In light of the Chairman’s warning, it is evident that businesses, including L&T, must intensify their efforts to address environmental challenges. This includes investing in research and development of green technologies, reducing emissions, and collaborating with like-minded organizations to create a sustainable future.
Innovation for a Greener Tomorrow
Innovation will be a cornerstone of this journey. Companies must innovate not only to remain competitive but also to contribute to a cleaner, healthier planet. This requires fostering a culture of creativity and sustainability within the organization.
Collaboration and Knowledge Sharing
Collaboration is another key element in mitigating environmental challenges. Companies should actively seek partnerships with environmental organizations, governments, and other stakeholders. Knowledge sharing and collective action are essential to drive meaningful change.
The L&T Chairman : S N Subrahmanyan takes over as group chairman of L&T after A M Naik officially resigns
According to a statement from L&T, Naik, 81, will now serve as chairman of IT firms and the workers trust, with a focus on building up the charitable efforts he has been leading for the past few years.
On September 30, seasoned businessman AM Naik formally resigned from his position as non-executive chairman of Larsen & Toubro (L&T), handing the $23 billion company over to S N Subrahmanyan.
A postage stamp honoring him was unveiled at the event by India Post in recognition of his imposing industrial and charitable presence. Former L&T executives and members of Naik’s family also unveiled the cover of his upcoming Harper Collins biography, The Man Who Built Tomorrow.
L&T stated that going forward, his focus will be on his many charitable endeavors, such as the Nirali Memorial Medical Trust, which is committed to providing super specialty healthcare at a reduced cost, and the Naik Charitable Trust, which focuses on educating and developing the skills of the underprivileged.
About Previous Chairman of L&T : AM Naik
Naik, who has spent 60 years working for L&T, was named chairman in 2003 and chief executive officer (CEO) in 1999. The board has given the elderly man the title of chairman emeritus.
Naik, a seasoned business executive, is credited with preventing two hostile takeover bids of L&T. He had a key role in establishing the company’s largest shareholder, the Larsen & Toubro Employee Trust (LTET).
Because of his efforts throughout the years, Naik was recognized three times in a row on the Edelgive Hurun India Philanthropy List as the nation’s most giving business professional. Naik gave away Rs 142 crore in just the FY 2021–22.
Naik, who came from a Gujarati family of educators, joined L&T as a junior engineer in 1965 and eventually rose to the position of Group Chairman.
Prior to now, Naik revealed in an exclusive interview that he will only stop playing all of his other roles by 2025.
Until 2025, I will continue to serve as the Danish Consul General. I’ve told the ambassador that I won’t be able to continue until 2025. I have been the chairman of both IT businesses for the past 12 months. I will still be L&T’s advisor till 2025. By 2025, I plan to give up everything and focus only on managing the trust and my two trust-affiliated social service initiatives, said Naik.
L&T Group : Conclusion
The L&T Chairman : The warning issued by Mr. SN Subrahmanyan, the Chairman of L&T, serves as a wake-up call for all of us. It underscores the urgent need for businesses to prioritize environmental sustainability as a core part of their mission. L&T’s longstanding commitment to sustainability is a testament to the company’s vision for a greener, better future.
As we move forward, it is imperative that companies, big and small, join hands in the fight against climate change and embrace sustainable practices. The path ahead may be challenging, but it is also an opportunity for innovation, growth, and a better world for generations to come.
