Larsen & Toubro

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Larsen & Toubro Limited

Type	Public Company, Listed on BSE and NSE
Founded	1938
Headquarters	Mumbai, India
Key people	A M Naik, CEO
Industry	Engineering Services
Revenue	$3.5 billion USD (2005)
Employees	22,922 (2005)
Website	www.larsentoubro.com

Larsen & Toubro Limited is India's largest engineering and construction conglomerate, with diverse interests such as Construction,hydraulic equipments, power services electrical and electronics, fertilizer projects,medical electronics and information technology. It generates almost 85% of its revenue from the construction business. Founded in 1938, the company is currently headquartered in Mumbai, India. A strong, customer-focussed approach and the constant quest for top-class quality have enabled the Company to attain and sustain leadership position for over six decades.

L&T has made spectacular achievements in Indian industry. Many of the engineering projects executed by L&T have set new benchmarks in terms of scale, sophistication and speed. So do many buildings, highways, bridges and civil structures around the country which are widely regarded as landmarks.

In line with its policy of aligning capabilities to meet emerging trends, L&T initiated a mega-transformation process internally. This will ensure that the Company rapidly emerges as a knowledge-based, premium conglomerate with a global reach.

1 History
2 Indian multinational
3 Awards
4 Forbes Global 2000 Ranking - 2005
5 External links
6 References

[edit] History

The name is derived from its two founders, Danish born citizens who settled down in India. The evolution of L&T into the country's largest engineering and construction organizations is among the more remarkable success stories in Indian industry. The company was founded in (Mumbai) in 1938 by two Danish engineers, Henning Holck Larsen and Soren Kristian Toubro - both of whom were strongly committed to developing India's engineering talent and enabling it to meet the demands of industry. Beginning with the import of machinery from Europe, L&T rapidly took on engineering and construction assignments of increasing sophistication. Today, the company sets engineering benchmarks in terms of scale and complexity.

[edit] Indian multinational

In line with its strategy of aligning capabilities to meet emerging trends, L&T recently initiated a mega-transformation process, internally to ensure that it emerges, as a knowledge-based Indian multinational.Over the years the company has proactively created the necessary infrastructure for its global initiative with office locations in USA, Europe, Middle East and Japan.

The Engineering Construction & Contracts Division made significant progress during the year in increasing its presence in the overseas markets. The Division secured orders from international clients located at Malaysia, USA, UK, Brazil, Saudi Arabia, UAE, Qatar, Bangladesh, Sri Lanka etc. The export earnings of the Division amounted to Rs. 4.84 billion during the year. The customer profile includes leading names such as Samsung, Chevron, Bechtel, Kvaerner, Pirelli, Siam Michelin, Goodyear, etc.

The Electrical & Electronics Division too has increased its thrust on exports and has trebled the export revenues to Rs. 210 million during 2000-2001.

Larsen & Toubro Infotech Limited (L&T Infotech), a 100% subsidiary of the US$ 3.5 billion Forbes Global 2000 and BusinessWeek Asia Top 50 technology-driven engineering and construction major, Larsen & Toubro Limited, offers comprehensive, end-to-end software solutions and services. Leveraging the heritage and domain expertise of the parent company, its services encompass a broad technology spectrum, catering to leading international companies across the globe.

L&T believes that progress must necessarily be achieved in harmony with the environment. A commitment to community welfare and environmental protection constitute an integral part of its vision.

[edit] Awards

SGCCI Golden Jubilee Memorial Trust Award for outstanding performance in Export of Engineering Goods for 2004-05. This Award highlights L&T's export of high-tech, custom-built equipment worldwide.

Greentech Safety Awards (2005) by the New Delhi-based non-profit organisation, Greentech Foundation, for the remarkable effort in industrial safety and environmental management.

Ethics is Good Business award from the New Delhi based PHD Chamber of Commerce & Industry (PHDCCI).

India Manufacturing Excellence Award from Frost & Sullivan, 2004.

Environment Excellence Award 2003-04, Greentech Foundation.

Businessworld's survey on "India's Most Respected Companies", ranked L&T First in Infrastructure Sector. L&T won the coveted Most Respected Company Award in this sector.

A. M. Naik, Chairman and Managing Director of L&T, was honoured with the Executive of the Year Award 2004 by Indian Association of Secretaries & Administrative Professionals (IASAP) in 2004.