Larsen & Toubro
From Wikipedia, the free encyclopedia
| LARSEN & TOUBRO LIMITED | |
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| Type | Public Company, Listed on BSE and NSE |
| Founded | 1938 |
| Founder | Henning Holck-Larsen Soren Kristian Toubro |
| Headquarters | Mumbai, India |
| Key people | A M Naik, Chairman, MD and CEO |
| Industry | Engineering Services |
| Revenue | ▲$7 billion USD (2008) |
| Employees | 35000 (2007) |
| Website | www.larsentoubro.com |
Larsen and Toubro is an Indian conglomerate, with diverse interests such as construction, hydraulic equipment, electrical and electronic power services, fertilizer projects, medical electronics,financial services and information technology. It generates almost 85% of its revenue from the construction business. Founded in 1938, the company is headquartered in Mumbai, India.
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[edit] History
The name of the company is derived from its two founders, Henning Holck-Larsen and Soren Kristian Toubro - two Danish engineers who settled down in India. The company was founded in (Mumbai) in 1938. Beginning with the import of cement machinery from Europe, L&T rapidly took on engineering and construction assignments.
[edit] Offices and customers
Apart from several offices in India, the company has offices in the USA, Europe, Middle East and Japan.
The customer profile of the Engineering Construction & Contracts Division of L&T includes Samsung, Chevron, Bechtel, Kvaerner, Pirelli, Siam Michelin, Goodyear etc.
[edit] Subsidiaries
[edit] Larsen & Toubro Komatsu Limited
Headquartered at Bangalore, India, focusing on construction equipment and mining equipment, L&T-Komatsu Limited is a joint venture of Larsen and Toubro and Komatsu Asia Pacific Pte Limited, Singapore, a wholly owned subsidiary of Komatsu Limited, Japan. Komatsu is the world’s largest manufacturer of hydraulic excavators and has manufacturing and marketing facilities worldwide.
The plant was started in the year 1975 by L&T to manufacture Hydraulic Excavators for the first time in India. Later it became a joint venture.
L&T-Komatsu Limited's manufacturing facility – the Bangalore Works – comprises the Machinery Works and Hydraulics Works divisions. Machinery Works has a manufacturing facility with ISO 9001:2000 accreditation for design, manufacture and servicing of earthmoving equipment. Hydraulics Works, with a precision machine shop, manufactures the complete range of high pressure hydraulic components and systems, and is also ISO 9001:2000 certified for design, development, manufacturing and servicing of hydraulic pumps, motors, cylinders, turning joints, hose assemblies, valve blocks, hydraulic systems and power drives as well as allied gear boxes. The products manufactured at L&T-Komatsu Limited are supplied to domestic as well as overseas customers. L&T-Komatsu Limited is certified under Environment Management System ISO 14001 : 2004 and Occupational Health & Safety Management System OHSAS 18001: 1999.
L&T Infotech focuses on information technology and software services.
[edit] Larsen & Toubro EmSyS
Larsen & Toubro EmSyS works in the domains of embedded systems and software.
[edit] Larsen & Toubro Finance
Larsen & Toubro Finance is focused on Financial services.
[edit] Larsen & Toubro Infrastructure Finance
Larsen & Toubro Infrastructure Finance was set up as a 100% subsidiary of L&T. It commenced its business in January 2007 upon obtaining Non-Banking Financial Company (NBFC) license from the Reserve Bank of India (RBI).
As of March 31, 2008, L&T Infrastructure Finance has approved financing of more than a billion USD to select projects in the infrastructure sector.
[edit] Larsen & Toubro e-Engineering Solutions
Larsen & Toubro e-Engineering Solutions is an ISO IEC 27000, ISO 9001 : 2000, CMMI Level 5 company headquartered at Vadodara, India and has strategic business units at Chennai and Bangalore.
[edit] Larsen & Toubro Valves Business Group
A valve manufacturing group with a presence in India and overseas, L&T VBG has experience with products such as gate valves, globe valves, check valves, ball valves, TMBV, TOBV etc.
[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 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 "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.
- L&T was ranked first in India's Best Managed Companies in a 2008 survey publishes by Business Today, India's leading business periodical.
[edit] Forbes Global 2000 Ranking - 2008
The Forbes Global 2000 list for the year 2008 ranked Larsen & Toubro at 961 [1].
[edit] External links
- L&T Corporate website.
- L&T Engineering, Procurement & Construction Division (E&C) website.
- L&T Engineering, Construction & Contracts Division (ECC) website.
- L&T Electricals & Electronics Division (EBG) website.
- L&T Embedded Systems and Software (EmSyS) website.
- L&T Infotech website.
- L&T e-Engineering Solutions website.
- L&T - CHIYODA Limited Website.
- L&T - Sargent & Lundy Limited website.
[edit] References
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