Larsen & Toubro group’s top line grew 20 times to around Rs 1.83 lakh crore, bottom line soared 45 times and share price zoomed 15,000 per cent since 1999, A M Naik said as he chaired the conglomerate’s annual general meeting for the last time on Wednesday. It was in 1999 that the group diversified into IT and financial services and also made a foray into overseas markets for its flagship engineering business.
That was also the year when Naik became the Chief Executive Officer of the company. Addressing the shareholders here, Naik said it was his 25th annual general meeting after being at the helm of L&T.
