An Indian company with global activities, Larsen & Toubro Limited, also known as L&T, engages in manufacturing, engineering, construction, and financial services. There the company is headquartered in Mumbai, India. The company’s commercial activities include manufacturing light and heavy engineering, building, real estate, capital goods, information technology, and financial services.
What is Larsen & Toubro, and How does it Operate?
Founded in India and with global activities, Larsen & Toubro Limited is a USD 17 billion technology, construction, engineering, projects, manufacturing, and financial services corporation. Essential needs in the infrastructure, building, defence, petroleum, heavy engineering, shipbuilding, aircraft, electrical & automation, mining, and metallurgy industries are addressed.
L&T focuses on three main categories of goods and services: engineering services, manufacturing, and project-related activity.
Larsen and Toubro Owner
Henning Holck-Larsen and Sren Kristian Toubro, two Danish engineers, created Larsen & Toubro in 1938 in Mumbai. As Chief Executive Officer and Managing Director of Larsen & Toubro, L&T named SN Subrahmanyan. On July 1st, 2017, he replaced Mr. Anil Manibhai Naik in the CEO position.
Larsen & Toubro Share Price
As of 13 Oct 2022, L&T’s share price was Rs. 1,876.15. The previous Rs. 1878.95 shows that the share price has decreased by 1.84%.
Larsen and Toubro Subsidiaries
The business fosters accessibility by providing a wide range of choices. It is a global corporation with a wide range of operations in industries like technology, construction, engineering, manufacturing, and financial services. Larsen & Toubro Limited has bought two businesses. On June 3, 2019, they acquired MindTree, and on February 3, 2006, they acquired Spectrum Infotech.
Due to its success, the company has built a solid brand. With more than 130 subsidiaries and 15 associate companies, it is among the top five fabrication corporations in the world. It describes itself as one of India’s major multinational companies and the country’s largest engineering and Construction Corporation.
L&T Company Competitors
Reliance, Tata Projects, Aditya Birla Group, GMR Group, SPCL, LANCO Group, PEL, and Afcons are the primary rivals of L&T.
Conclusion
Larsen & Toubro works in vital, high-impact economic areas, and our integrated capabilities cover the whole gamut from design to delivery. They have unrivalled competence in technology, construction, engineering, manufacturing, and infrastructure projects. Through a robust and customer-focused strategy, they have maintained a leadership position in all of our core business lines for the past eight decades.
Also Read: Fabindia Case Study: Indian Handicrafts Undergo a Transformation
