L&T Technology Services Non-Executive Chairman AM Naik is stepping down from his position. S N Subrahmanyan, currently the non-executive vice chairman, will take over as the new chairman starting June 27, 2024. Naik will officially relinquish his office after the company’s 12th Annual General Meeting on June 26, 2024, as per an exchange filing. The Board of Directors has approved Subrahmanyan’s appointment as the chairman of the company effective from June 27, 2024.
Naik’s leadership tenure with L&T Technology Services has been marked by significant contributions to the company’s growth and development. As founder chairman, he played a pivotal role in its expansion and success. Under his leadership, nearly 1300 patents were filed by the company. Naik has also left boards of all L&T Group companies.
Subrahmanyan, also known as SNS, joined the board of LTTS in 2015 and was appointed vice chairman in 2017. He has been instrumental in expanding the global customer base of the company and driving its growth. Subrahmanyan has demonstrated strong leadership qualities and is well-regarded within the industry for his expertise and experience.
This transition in leadership within L&T group marks a significant change in top positions for both L&T Technology Services and L&T Mindtree where Naik served as non-executive chairman until June 26th, with Subrahmanyan set to succeed him there too. This change signifies a strategic shift in management that reflects confidence in Subrahmanyan’s capabilities to lead forward with ongoing changes signaling a new chapter in L&T’s growth under his leadership.
The transition reflects a strategic shift in management that indicates confidence in Subrahmanyan’s capabilities to lead forward with ongoing changes signaling a new chapter for L&T’s growth under his leadership.
The decision to step down by Naik follows a similar move made at Mindtree where he served as non-executive chairman until June 26th with Subrahmanyan set to succeed him there too.
Naik’s departure from both companies marks a significant change
