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It's All About Imagineering
It's All About Imagineering
SUNNY TOMAR
PUJA GURU
RAGHAV MEHTA
MANGAL
Larsen & Toubro Limited (L&T) is a technology, engineering,
construction and manufacturing company. It is one of the largest
and most respected companies in India's private sector.
Seven decades of a strong, customer-focused approach and the
continuous quest for world-class quality have enabled it to attain
and sustain leadership in all its major lines of business.
L&T has an international presence, with a global spread of
offices. A thrust on international business has seen overseas
earnings grow significantly. It continues to grow its overseas
manufacturing footprint, with facilities in China and the Gulf
region.
The company's businesses are supported by a wide marketing
and distribution network, and have established a reputation for
strong customer support.
L&T believes that progress must be achieved in harmony with the
environment. A commitment to community welfare and
environmental protection are an integral part of the corporate
vision.
Company Profile: Larsen & Toubro Limited
Ticker: 500510
Exchanges: OTH
2010 Sales: Rs43,969.8 crore (US$9.54 billion)
Major Industry: Machinery & Equipment
Sub Industry: Construction Machinery
Country: INDIA
Employees:38785
The L&T vision
reflects the
collective goal of
the company. It
was drafted
through a large
scale interactive
process which
engaged
employees at
every level,
worldwide.
The evolution of L&T into the
country's largest engineering and
construction organization is among
the most remarkable success stories
in Indian industry.
Soren Kristian
Toubro(27.02.1906 -
4.3.1982)
1938, the two friends decided to forgo the comforts of working in
Europe, and started their own operation in India.
1939,With the start of the Second World War in imports were
restricted, compelling them to start a small work-shop to undertake
jobs and provide service facilities.
1940,Germany's invasion of Denmark stopped supplies of Danish
products. They started manufacturing dairy equipment indigenously.
These products proved to be a success, and L&T came to be
recognized as a reliable fabricator with high standards.
1944, ECC was incorporated. Around then, L&T decided to build a
portfolio of foreign collaborations.
1945, L&T signed an agreement with Caterpillar Tractor Company,
USA, for marketing earthmoving equipment.
1946, Larsen & Toubro Private Limited was born.
1950, L&T became a Public Company with a paid-up capital of Rs.2
million. The sales turnover in that year was Rs.10.9 million
1962,The sixties saw a significant change at L&T - S. K. Toubro
retired from active management .
The sixties were also a decade of rapid growth for the company, and
witnessed the formation of many new ventures: UTMAL (1960),
Audco India Limited (1961), Eutectic Welding Alloys (1962) and
TENGL (1963).
1964, L&T had widened its capabilities to include some of the best
technologies in the world. In the decade that followed, the company
grew rapidly.
1973,L & T had become one of the Top-25 Indian companies.
In 1976, Holck-Larsen was awarded the Magsaysay Award for
International Understanding in recognition of his contribution to
India's industrial development. He retired as Chairman in 1978.
A. M. NAIK
Chairman & Managing
J. P. NAYAK
Director R. N. MUKHIJA
Whole-time Director
Whole-time Director & & President
President
(Electrical &
(Machinery & Industrial Electronics)
Products)
Y. M.
DEOSTHALEE
Whole-time M. V. KOTWAL
Director & Whole-time Director
Chief Financial & Senior Executive
K. V. RANGSWAMI Vice President
Officer Whole-time Director
K. VENKATARAMANAN
& President
Whole-time Director & President V. K. MAGAPU (Heavy
Whole-time Director & Senior Engineering)
(Engineering & Construction (Construction) Executive Vice President
Projects)
(IT & Technology Services)
In every sphere of L&T's operations,
technology is the key enabler, reinforcing its leadership
position, and sustaining its competitive strengths. While for
some, technology is a means to an end, for L&T, technology
represents endless possibilities.
fall
L&T Info to delay IPO on U.S. recession
While macro economic fundamentals continue to inspire
confidence, the recent slowdown in the industrial sectors,
coupled with the spike in input costs, particularly oil, and
the credit squeeze, may impact the ability of the capital
goods sector to sustain the growth momentum in the near
term. Despite this, in view of the current pace of
hydrocarbon & infrastructure development in the country
and the neighboring regions as well as L&Ts entry into
manufacturing of super-critical boilers and super-critical
steam turbines & generators , the prospects for growth
appear promising. The Company’s businesses are geared
to harness the full potential of the emerging opportunities.
"It is our ability to
anticipate the future
and react accordingly
that will determine
our success".
- HENNING
HOLCK
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