L&T was founded in Mumbai in 1938 by two Danish engineers, Henning Holck-Larsen and Soren Kristian Toubro.
1944 - ECC was incorporated
1945 - the company represented British manufacturers of equipment used to manufacture products such as hydrogenated oils, biscuits, soaps and glass.
Also L&T signed with Caterpillar Tractor Company, USA, for marketing earthmoving equipment.
On 7th Feb 1946, L&T Private Limited was born.
In December 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.
The sixties saw a significant change at L&T and rapid growth for the company.
By 1973, it 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.
S.K. Toubro retired from active management in 1962.
Larsen retired as Chairman in 1978.
Today, L&T is one of the India's biggest and best known industrial organisations with a reputation for technological excellence, high quality of products and services, and strong customer orientation.
Subsidiaries: L&T Infotech, L&T Mutual Fund, L&T Infrastructure Finance Company, L&T Finance Holdings, L&T IES, L&T MHPS
Products:
- Construction
- Heavy Equipment
- Electrical equipment
- Power
- Ship building
- Financial services
- IT services
Headquarters : Mumbai
CEO & MD : K. Venkataraman
Executive Chairman : A.M. Naik
Employees : 84,027 in March 2014
Revenue : US$ 13.6 Billion (2013)
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