BUSINESS PROFILE :
Larsen & Toubro is the country`s largest engineering and construction company. The company was founded in 1938 by two Danish engineers, Henning Holck-Larsen and Soren Kristian Toubro. Beginning with the import of machinery from Europe, L&T rapidly took on engineering and construction assignments.
Apart from being a strong domestic market player, L&T has an international presence with a global spread of offices. The international business over the last few years has seen overseas earnings grow to 18 per cent of total revenue.
The company`s businesses are divided into six key segments. Engineering and construction, heavy engineering, contruction, electricals and electronics, information technology and machinery & industrial products.
The company is among the top five fabrication companies in the world. Its globally-benchmarked workshops are located in Mumbai, Hazira, Baroda and Kansbahal. The company`s engineering construction & contracts division has built some of the country`s prized landmarks.
L&T has also expanded its focus to the Middle East, South East Asia, Russia, CIS, Mauritius, African and SAARC countries. L&T is currently developing markets for its construction services in the Indian Ocean rim countries, Africa and Latin America. As a traditional manufacturer of a wide range of electrical and electronic products and systems, the company is India`s largest manufacturer of low tension switchgear.
In 2002-03, the company made a stratetgic exit from cement by selling off to the A V Birla group.
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