L&T's retired Chairman encashes unused leaves of 50yrs, gets â¹19 cr
Padma Vibhushan awardee and retired non-executive chairman of L&T Group, Anil Manibhai Naik, received at least â¹19 crore after encashing his accumulated leaves of over 50 years. The company also revealed Naik got â¹55.038 crore as gratuity and â¹1.50 crore as pension that is a part of his retirement benefit. Naik had joined L&T in 1965 as a junior engineer.