At the helm, Naik initiated the transformation process that made L&T into a more entrepreneurial organisation with increased emphasis on wealth creation for all stakeholders.

[22] The management of L&T staunchly resisted these attempts to take over the company, wanting to maintain it as India's premier, indeed only, professionally run conglomerate.

The central government, through various agencies, public sector banks, insurance companies, etc., held a large portion of L&T's shareholding.

A succession of governments (as many as seven) held office during this period, but L&T's prestige and standing was such that none of them did anything to contravene the wishes of the board of professionals.

S. Gurumurthy, currently on the Board of the Reserve Bank of India described the events as a 'security threat for L&T being converted into a security ring.'

[25][26] Naik's stewardship of L&T is characterised by a sharper focus on sectors of national significance - defence, nuclear, aerospace, infrastructure, oil & gas and power.

NSDC, under the ministry, aims to promote skill development by catalysing creation of large, quality and for-profit vocational institutions.

The organisation provides funding to build scalable and profitable vocational training initiatives.

[33][34] In January 2019, the governor of India laid the foundation stone for the Cancer hospital in Navsari, Gujarat.

[89] 'The Nationalist – How A.M. Naik Transformed L&T into a Global Powerhouse', by Minhaz Merchant and published by Harper Collins.

[90][91] 'Strategic Brand Management for B2B Markets: A Road Map for Organizational Transformation', by Sharad Sarin and published by SAGE Publications India Pvt Ltd.[92] 'The Art of Business Leadership : Indian experiences', by S Balasubramanian and published by Response Books.