CORPORATEOVERVIEWLarsen & Toubro overall viewLarsen & Toubro is a majortechnology, engineering, construction, manufacturing and financial servicesconglomerate, with global operations. L&T addresses critical needs in keysectors – Hydrocarbon, Infrastructure, Power, Process Industries and Defense -for customers in over 30 countries around the world.
L&T is engaged in core, highimpact sectors of the economy and our integrated capabilities span the entirespectrum of ‘design to deliver’. With over 7 decades of a strong, customerfocused approach and a continuous quest for world-class quality, we haveunmatched expertise across Technology, Engineering, Construction,Infrastructure Projects and Manufacturing, and maintain a leadership in all ourmajor lines of business.Every aspect of L&T’s businessesis characterized by professionalism and high standards of corporate governance.Sustainability is embedded into our long-term strategy for growth. Larsen & Toubro Trading name NSE: LT Type Public Traded as NSE: LT BSE: 500510 BSE SENSEX Constituent ISIN INE018A01030 Industry Conglomerate Founded Bombay, Bombay Presidency, British India (1938; 80 years ago) Founders · Henning Holck-Larsen · Søren Kristian Toubro Headquarters L House, N.
M. Marg, Ballard Estate, Mumbai, Maharashtra, India1 Area served Worldwide Key people · A. M. Naik (Group Executive Chairman) · S. N. Subrahmanyan (CEO & Managing Director) Products · Heavy equipment · Electrical equipment · Power · Shipbuilding Services · Real estate · Construction · Financial services · IT Services Revenue ?110,011.69 crore(US$17 billion)2 (2017) Profit ?5,537.99 crore(US$870 million)3 (2016) Total assets ?227,524.
72 crore(US$36 billion)3 (2016) Number of employees 84,0274 (March 2014) Divisions Real Estate(Realty), Technology, Engineering, Construction, Manufacturing Subsidiaries L Technology Services, L Infotech, L Mutual Fund, L Infrastructure Finance Company, L Finance Holdings, L MHPS Website www.larsentoubro.com Larsen & Toubro, commonly known as L, is an Indian multi-national firm headquarteredin Mumbai, Maharashtra, India.5 It was founded bytwo Danish engineers taking refuge in India.
6 The company has businessinterests in engineering, construction, manufacturing goods, informationtechnology, and financial services, and has offices worldwide HistoryLarsen & Toubro originated from a companyfounded in 1938 in Mumbai by two Danish engineers, Henning Holck-Larsen and Søren Kristian Toubro. The company began as a representative of Danishmanufacturers of dairy equipment. However, with the start of the Second World War in 1939and the resulting restriction on imports, the partners started a small workshopto undertake jobs and provide service facilities. Germany’sinvasion of Denmark in 1940 stopped supplies of Danishproducts. The war-time need to repair and refit ships offered L&T anopportunity, and led to the formation of a new company, Hilda Ltd, to handlethese operations.
L&T also started to repair and fabricate ships signallingthe expansion of the company. The sudden internment ofGerman engineers in British India (due tosuspicions caused by the Second World War), who were toput up a soda ash plantfor the Tata’s, gave L a chance to enter the field of installation L INDIA L Group Corporate Corporate – Arabic Electrical & Automation Heavy Engineering L Hydrocarbon Engineering L Infotech L Construction L Construction & Mining Machinery L Finance Limited L Howden L Hydraulics L Infrastructure Development Projects Limited L Infrastructure Finance Company Limited L Institute of Project Management L Technology Services L Kuwait Construction L Metro Rail (Hyderabad) Limited L-MHPS Boilers Private Limited L-MHPS Turbine Generators L Mutual Funds L-Sargent & Lundy Limited L Special Steels and Heavy Forgings L Valves Limited Nabha Power Limited Power Power Development Limited Rubber Processing Machinery Shipbuilding L CONSTRUCTION -BUILDERS TO NATIONSL Construction, India’s largestconstruction organization and ranked among the world’s top 30 contractors, hasbeen over the past seven decades transforming cityscapes and landscapes withstructures of immense size and grandeur. The company’s capabilities span theentire gamut of construction – civil, mechanical, electrical andinstrumentation engineering – and its services extend to all core sectorindustries and infrastructure projects. Several of the country’s prizedlandmarks – edifices, structures, airports, industrial projects, flyovers,viaducts, water and power infrastructure projects carry L’s signature ofexcellence in construction. Today, more and more structures beyond India’sboundaries are standing tall, thanks to L Construction. L Construction straddles six relatedbusinesses: Buildings & Factories Transportation Infrastructure Heavy Civil Infrastructure Power Transmission & Distribution Renewable Energy Water & Effluent Treatment Smart World & CommunicationCORPORATE AWARDS 2017Construction World recognizes L as ‘the largest constructioncompany’At the 15th Annual Awards celebrated in Mumbai on October 7th,2017, Construction World magazine recognized Larsen & Toubro as the’largest construction company’. “Selection of a project is key to sustainablerevenue growth,” said M V Satish, Whole Time Director & Senior ExecutiveVice President – Buildings, Minerals & Metals, when receiving the award onbehalf of L along with Sushant Shah Deo, Head-Special Initiatives (West)-CommercialBuildings & Airports, B IC.
He added that with many companiesclimbing the growth ladder it was important for L to strategize betterand maintain its top position. The award was presented by Rajesh Dahiya, GroupHead, Apollo Tyres and Pravin Darade, Additional Metropolitan Commissioner,Mumbai Metropolitan Region Development Authority and Secretary to ChiefMinister, Government of Maharashtra in the presence of Sumit Banerjee,Chairman, ASAPP Info Global Group and Pratap Padode, Managing Director, ASAPPInfo Global Group.L Bags Best Capital Projects & Infrastructure Risk ManagementAward from CNBC TV18L has been conferred the prestigious ‘Best Capital Projects &Infrastructure Risk Management Award’ at the India Risk Management Awards eventorganized by CNBC TV18 – the country’s leading business news channel – inMumbai on March 27, 2017. The award recognizes L&T’s new growth benchmarksand excellent risk management practices that have been built into the Company’sbusiness operations for effectively navigating the uncertain waters of theglobal economy. Mr. R.
Shankar Raman, Board Member & CFO, L&T, receivedthe award from Mr. Nassim Nicholas Taleb – Lebanese-American Scholar,Statistician and Risk Analyst.L&T bags BML Munjal Awards 2017 for ‘Business Excellence throughLearning & Development’L&T has won the prestigious BML Munjal Award 2017, for ‘Business Excellencethrough Learning & Development’ in the Manufacturing (Private Sector)category. The awards were organized by Hero Corporate Service Pvt. Limited. Theaward was presented during the 11th edition of the MindmineSummit an Annual Flagship event of Hero Enterprise held in Delhi at The TajPalace on April 20, 2017.
Mr. D.K. Sen (Whole Time Director and Sr. Exec. VicePresident, Infrastructure) and Mr.
Yogi Sriram (Sr. Vice President, CorporateHuman Resources) received the award on behalf of L&T, from Mr. PrakashJavadekar, Union Minister of the Ministry of Human Resource Development (MHRD),Government of India. Mr. J.D.
Patil, Senior Vice President, Defence andAerospace, Mr. Kuldip Goyal, Vice President, Corporate Affairs & Head -Delhi Office, and Mr. Vikas Khita – Head of Business Development, L&TFinancial Services, were also present at the event amongst the dignitaries.DESIGN AND BUILD CAPABILITIESL&T’s strength lies in itsin-house design which is backed by a multi-disciplinary team of specializedengineers & expats and sophisticated software & hardware facilitiesthat provide value added integrated engineering services with detailed designand engineering support as part of comprehensive EPC services.Firsts-of their-kind 3D studios-‘Srishti’ in Chennai and ‘Drishti’ in Mumbai – are where ideas are born and designs translated into virtual reality. Features like virtualprototyping, walk-throughs and analysis by controlling virtual models includingdesign reviews give the customer a feel of the actual project before execution. L Construction is equipped withthe requisite expertise and wide-ranging experience to undertake lump sumturnkey (LSTK) contracts with single-source responsibility. The track recordcovers every facet of industrial sector and infrastructure developmentprojects.
GLOBALSUPPLY CHAINThe ISO certified Materials Management function ofL, the most important link in Supply Chain Management, supports theglobal operations of the Company by catering to the needs of all its offices,factories and projects spread across India and abroad. To manage the growingbusiness volume and to support the Division’s global operations, procurementoffices have been established in China and UAE. The Resources SupportDepartment fulfills the resource requirement of manpower and Plant &Machinery for various projects and helps in identifying and mobilizing theright resources for the right job to facilitate timely completion of theprojects. L&T has a large pool of specialized subcontractors in differentfields and their skills are constantly upgraded through on-site training andon-line management.SAFETY& QUALITYAt L&T, the highest priority isaccorded to Environment, Health & Safety (EHS). The EHS policy enunciatedby the Corporate Management lays emphasis on Environment, Health and Safetythrough a structured approach and well defined practices. Systems andprocedures have been established for implementing the requisites at all stagesof construction and are accredited to International standards of ISO 9001:2008,ISO 14001:2004 and OHSAS 18001:2007.
L&T continues to maintain its lofty tradition of meeting the stringentquality standards and adherence to time schedules across all projects. L&Thas established a robust ISO certified Quality Management Systems for all itscore and support functions. Many feats of L&T in meeting the stringentquality requirements of its projects and products won national andinternational recognitions. GLOBAL PRESENCE Skills training L&T CSTI’s achievements over these 20 yearsinclude: Over 50,000 trained technicians from CSTI Over 1,50,000 workmen of subcontractors Over 1,25,000 workmen through MoUs & tie-ups Over 2,00,000 workmen trained through e-learning modulesVision Management – Larsen & Toubro Name Designation A M Naik Group Executive Chairman R Shankar Raman WholeTime Director & CFO D K Sen WholeTime Director & Sr.Exe.VP Subramanian Sarma Non Executive Director M M Chitale Independent Director M Damodaran Independent Director Adil Siraj Zainulbhai Independent Director T Thomas Mathew Independent Director Naina Lal Kidwai Independent Director N Kumar Independent Director Sunita Sharma Nominee Director Name Designation S N Subrahmanyan Managing Director & CEO Shailendra Narain Roy WholeTime Director & Sr.Exe.VP M V Satish WholeTime Director & Sr.Exe.VP Arvind Gupta Director Subodh Bhargava Independent Director Vikram Singh Mehta Independent Director Akhilesh Krishna Gupta Independent Director Ajay Shankar Independent Director Sanjeev Aga Independent Director Sushobhan Sarker Nominee Director Jayant Damodar Patil Whole Time Director