Defeating Rane by about 9,000 votes, Naik emerged as a 'giant killer' in the polls.
Reacting to his victory, Naik said the win was a tribute to late Sena leader Bal Thackeray.
"The verdict is people's anger against Rane's terror in the district. Hence, they decided to ensure victory of an ordinary worker like me," he said.
Former state PWD minister Chhagan Bhujbal of NCP retained his Yeola Assembly seat, winning it by a handsome margin of 46,442 votes.
