Larsen & Toubro Group

Mission

L&T shall provide world class products and services by consistently meeting customer’s
expectations, quality and on-time delivery.

L&T shall achieve sustainable business growth by value creation for all stakeholders
through continuous innovation in capabilities, products and services while remaining agile
and adaptable.

L&T shall follow fair, transparent and ethical practices and encourage a culture of care, safe
and healthy work environment, people empowerment as well as protection of environment
and natural resources.

Vision

L&T shall be a professionally-managed Indian multinational, committed to total customer

satisfaction and enhancing shareholder value.

L&T-ites shall be an innovative, entrepreneurial and empowered team constantly creating

value and attaining global benchmarks.

L&T shall foster a culture of caring, trust and continuous learning while meeting
expectations of employees, stakeholders and society

Your company is moving in the right path as per their Vision and Mission?

Yes, the company is moving the right path as per their Vision and Mission because the
company is mainly looking for continuous innovation in capabilities, products and services
while remaining agile and adaptable. Hence the company is into major technology,
engineering, construction, manufacturing and financial services conglomerate, with global
operations. L&T addresses critical needs in key sectors - Hydrocarbon, Infrastructure,
Power, Process Industries and Defence - for customers in over 30 countries around the
world.

L&T is engaged in core, high impact sectors of the economy and our integrated capabilities
span the entire spectrum of ‘design to deliver’. With 8 decades of a strong, customer
focused approach and a continuous quest for world-class quality, we have unmatched
expertise across Technology, Engineering, Construction, Infrastructure Projects and
Manufacturing, and maintain a leadership in all our major lines of business.

Every aspect of L&T's businesses is characterised by professionalism and high standards of

corporate governance. Sustainability is embedded into our long-term strategy for growth.
The Company’s manufacturing footprint extends across eight countries in addition to India.
L&T has several international offices and a supply chain that extends around the globe.

Are the Vision and Mission statements relatable to business they are in or they need
re-working?

Yes, the vision and mission statements are relatable to the business they are in. As the
statements state that the company looking to provide various products and services for the
betterment of the customer and their employees. It also states the company is targeting to
achieve sustainable business growth by value creation for all stakeholders through
continuous innovation in capabilities, products and services while remaining agile and
adaptable.

The company is into various industries to provide products and services globally

Infrastructure: Turnkey ‘Design and Build’ solutions backed by experience and

capabilities across multiple sectors.

Power: Integrated solutions, systems and equipment for the entire Power value chain.
Design & engineering for power plant equipment.

Hydrocarbon: L&T’s Hydrocarbon Engineering Business serves the Oil & Gas sector across
multiple geographies.

Process Industry: Custom designed equipment and systems for critical process industries,
delivered to customers around the world.

Defence: Solutions and systems for the defence sector, backed by a strong focus on R&D.

Information Technology: IT Solutions and services offered worldwide, through a network

of offices.

Finance: Financial services offered through L&T’s subsidiary company, L&T Finance
Holdings.

Do the Vision & Mission as a set are in-line with the current strategies of the
company?

Yes, their Vision & Mission as a set are in-line with the current strategies of the company
their intent is to have a well-balanced portfolio, with about 60 per cent of the revenues
from construction and projects business and the rest from the manufacturing and
technology services.