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. The company has business interests in engineering, construction, manufacturing, information technology and financial services. L&T is India's largest engineering and construction company, with a dominant presence in India's infrastructure, power, hydrocarbon, machinery and railway related projects. In recent years, L&T has expanded its global presence and international projects contributed 9% of its overall order book for the 2010–11 period. Considered to be the "bellwether of India's engineering sector", L&T was recognized as the Company of the Year in 2010. L&T has featured four times in Forbes Fab 50 list of the best public companies in the Asia-Pacific region. The company ranked #14 in the 2011 Fortune India 500 list of the largest Indian companies by total revenues.[
The company was founded in Mumbai in 1938 by two Danish engineers, Henning Holck-Larsen and Søren Kristian Toubro. The company began as a representative of Danish manufacturers of dairy equipment. However, with the start of the Second World War in 1939 and the resulting restriction on imports, the partners started a small workshop to undertake jobs and provide service facilities. Germany's invasion of Denmark in 1940 stopped supplies of Danish products. The war-time need to repair and refit ships offered L&T an opportunity, and led to the formation of a new company, Hilda Ltd., to handle these operations. L&T also started two repair and fabrication shops signalling the expansion of the company. The sudden internment of German engineers in India (due to suspicions caused by the War), who were to put up a soda ash plant for the Tatas, gave L&T a chance to enter the field of installation. In 1944, ECC was incorporated by the partners; the company at this time was focused on construction projects (Presently, ECC is the construction division of L&T). L&T decided to build a portfolio of foreign collaborations. By 1945, the company represented British manufacturers of equipment used to manufacture products such as hydrogenated oils, biscuits, soaps and glass. In 1945, the company signed an agreement with Caterpillar Tractor Company, USA, for marketing earth moving equipment. At the end of the war, large numbers of war-surplus Caterpillar equipment were available at attractive prices, but the finances required were beyond the capacity of the partners. This prompted them to raise additional equity capital, and on 7 February 1946, Larsen & Toubro Private Limited was born. Industry Conglomerate Founded Mumbai, India (1938) Founder(s) Henning Holck-Larsen Søren Kristian Toubro Headquarters Mumbai, Maharashtra, India Area served Worldwide Key people A. M. Naik (Executive Chairman) K. Venkataramanan (CEO & MD) Products Construction Heavy equipment Electrical equipment Power Shipbuilding Financial services IT Services Revenue 520.89 billion (US$10.39 billion) (2011) Operating income 64.38 billion
turning joints. L&T Finance was able to withstand the market dynamics and adapt as per that. construction. a wholly owned subsidiary of Komatsu Limited. Larsen & Toubro Infrastructure Finance Main article: Larsen and Toubro Infrastructure Finance Company Limited Larsen and Toubro Infrastructure Finance Company Limited was set up as a 100% subsidiary of L&T.56 billion (US$888. engineering. . hydraulic systems and power drives as well as allied gear boxes.97 million) (2011) Total assets 634. L&T IES Subsidiaries & Joint Ventures L&T . India’s leading engineering. development. and is ISO 9001:2000 certified for design.28 billion) (2011) Net income 44. Singapore. The plant was started in the year 1975 by L&T to manufacture Hydraulic Excavators for the first time in India. It commenced its business in January 2007 upon obtaining Non-Banking Financial Company (NBFC) license from the Reserve Bank of India (RBI). L&T-Komatsu Limited is a joint venture of Larsen and Toubro. The subsidiary has a spectrum of financial products and services for corporate. cylinders. manufacture and servicing of earthmoving equipment. valve blocks. Japan. with a precision machine shop. L&T Finance Larsen & Toubro financial services Financial Services is a subsidiary which was incorporated as a Non Banking Finance company in November 1994.117 (2011) Divisions Technology. L&T Finance Holdings. motors. Machinery Works has a modern manufacturing facility with ISO 9001:2008 accreditation for design. hose assemblies. it became a joint venture. construction equipments etc. manufacturing Subsidiaries L&T Infotech. L&T–Komatsu Limited’s manufacturing facility—The Bangalore Works—comprises Machinery Works and Hydraulics Works. L & T Mutual Fund. In 1998.Komatsu Limited Having its registered office at Mumbai.16 billion (US$12. manufacturing and servicing of hydraulic pumps. This company provides Mutual Fund schemes for investors in India. This is a new division after the company declared its restructuring L & T Mutual Fund is the mutual fund company of the L&T group. India and focusing on construction equipment and mining equipment. manufactures the complete range of high pressure hydraulic components and systems.65 billion) (2011) Employees 45. L&T Infrastructure Finance Company. Komatsu is the world’s second largest manufacturer of hydraulic excavators and has manufacturing and marketing facilities worldwide. Hydraulics Works.(US$1. construction and technology major and Komatsu Asia Pacific Pte Limited.
electrical and electronic design (mechatronics/embedded systems). Petrochemical and Power projects. and strategic alliances with leading integrated valve distributors and agents in the major markets. It is run & managed by Larsen & Toubro. petrochemical. industrial products. refining. a suburb of Mumbai. India and Larsen & Toubro (Jiangsu) Valve Company Limited. L&T Infrastructure Finance has approved financing of more than a billion USD to select projects in the infrastructure sector. L&T IES has its design and delivery locations in Vadodara. LNG. L&T Institute of Technology Main article: L&T Institute of Technology L&T Institute of Technology (LTIT) is a diploma polytechnic college in India. India and China. L&T is a leading global supplier of industrial valves and customized solutions for major Refinery. trucks and off-highway vehicles. railways and power and consumer electronics. Chennai. chemical and power industries. Mysore and Mumbai in India. L&T Infrastructure Finance has received the status of "Infrastructure Finance Company" from the Reserve Bank of India within the overall classification of "Non-Banking Financial Company". civil and architectural services. L&T Valves Business Group has offices in the USA. L&T sells value-added flow control solutions to oil and gas. Abu Dhabi. L&T IES services also encompass architectural. Bangalore. oil and gas and consumer goods sectors. civil. Dubai. It is located in Powai. as well as allied products from major international manufacturers. L&T–Integrated Engineering Services (IES) L&T Integrated Engineering Services (L&T IES).As of 31 March 2008. L&T's Valve Manufacturing Unit in Coimbatore manufactures industrial valves specifically for the Power Industry. GTL. China. Affiliated to MSBTE and Approved by AICTE and offer courses leading to undergraduate (Bachelor) degrees in Engineering. . structural design and building utility systems design. L&T Valves L&T’s Valves Business Group markets valves manufactured by L&T's Valve Manufacturing Unit and L&T's joint ventures. Emerging areas include aerospace. offers a combination of mechanical. Audco India Limited. a business unit of L&T. off-shore and marine. Practices include both product and plant engineering services in the automotive.
its own profit and loss account. 6. classrooms and also a playground. It accommodates a complete mechanical workshop. Each board will not have any legal or statutory standing. Naik announced that the company will be restructured into nine virtual companies.. 2. administrative wing.. laboratories. A. Restructuring In January 2011. 3.The Institute has its own building with over 5000 sq. The nine virtual companies will operate in different segments. drawing hall. but will merely advise management. 7. audio-visual room. library. CFO and HR head. and a board of directors with at least three independent directors. Each will be called an independent company.M. Building and materials Civil Infrastructure Mechanical-Metal Handling and Supply of Equipment for steel industry Electric Power transmission and distribution Hydrocarbon and Chemicals Heavy Engineering Catering to defense and Aerospace Electrical Equipment and Automation Products Mechanical and Industrial Products Power Equipment and building Power Plants . This is similar in organization to the Mitsubishi Group with which L&T has close partnerships. 8. mts. 4. built up area. and will have a CEO. Mr. 9. 5. The nine sectors for which companies are formed are: 1.
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