Larsen & Toubro Limited (L&T) is a vertically integrated engineering and construction conglomerate with additional interests in manufacturing, services and Information Technology. L&T is one of the largest companies in India's private sector and has an international presence, with a global spread of offices. In fact it can be aptly called as an Indian multinational. Nearly 18 per cent of L&T's total revenue comes from overseas earnings.
Larsen & Toubro is one of few organizations in Indian corporate
sector that is truly professionally managed. L&T was founded as a
partnership firm in 1938 in Mumbai by two Danish engineers, Henning
Holck-Larsen and Soren Kristian Toubro. They had arrived in India as
representatives of the Danish engineering firm F L Smidth & Co in
connection with the merger of cement companies that later grouped into
the Associated Cement Companies. In 1944, Engineering Construction
Corporation Limited (ECC) as incorporated as wholly owned subsidiary of
Larsen & Toubro Limited. L&T was converted into a limited
company on February 7, 1946. Starting with the import of machinery from
Europe, L&T rapidly took on engineering and construction assignments
of increasing sophistication. Today, L&T is a pioneer in engineering
projects in terms of scale and complexity.
The various business groups of L&T are:
Engineering & Construction - Projects: L&T has an
enviable track record of successful implementation of turnkey projects
in major core and infrastructure sectors. L&T's core competencies in
engineering include highly qualified and experienced personnel from
various disciplines, state-of-the-art 2-D and 3-D CAD facilities with
sophisticated plant design systems and basic engineering capabilities. L&T
is the only Indian EPC company pre-qualified for executing large,
process-intensive projects for oil & gas, refinery, petrochemical
and fertiliser sectors.
Heavy Engineering: L&T has been among Indian corporate
sector in introducing new processes, products and materials in
manufacturing. It is acknowledged as one of the top five fabrication
companies in the world and has globally-benchmarked workshops are
located in Mumbai, Hazira, Baroda and Kansbahal.
Construction: ECC, the Engineering Construction & Contracts
Division of L&T, is India's largest construction organization. It is
credited with building some of India's famous landmarks such as
exquisite buildings, tallest structures, largest industrial projects,
longest flyovers, highest viaducts, longest pipelines etc.
Electrical & Electronics: L&T is a major international
manufacturer of a wide range of electrical and electronic products and
systems. In the electrical segment, L&T is India's largest
manufacturer of low tension switchgear. In the electronic segment, L&T
offers a wide range of meters and provides complete control and
automation systems for diverse industries.
Information Technology: L&T Infotech Limited, a 100 per cent
subsidiary of L&T, caters to leading international companies across
the globe and offers comprehensive, end to end software solutions and
services with a focus on Manufacturing, BFSI and Communications &
Machinery & Industrial Products: L&T manufactures,
markets and provides service support for critical construction and
mining machinery such as surface miners, hydraulic excavators, aggregate
crushers, loader backhoes and vibratory compactors.
Achievements of L&T