Larsen & Toubro Share Price

Larsen & Toubro (L&T) is an Indian multinational conglomerate that operates across various sectors, providing a wide range of products and services. Established in Mumbai in 1946 by Danish engineers Henning Holck-Larsen and Soren Kristian Toubro, the company has grown to become one of the most significant engineering, technology, and construction firms in India and the world. L&T's headquarters are located in Mumbai, India.

As of March 31, 2022, the illustrious L&T Group stands tall with an impressive corporate structure that includes a vast array of subsidiaries, associate companies, joint ventures, and jointly held operations. The Group boasts an extensive and diverse portfolio encompassing a wide spectrum of industries and sectors.

The L&T Group comprises a remarkable total of 93 subsidiaries, each contributing its unique expertise and specialization to the Group's overall capabilities. These subsidiaries play essential roles in various domains, ranging from basic and heavy engineering, construction, and realty to manufacturing capital goods, information technology, and financial services.

Additionally, the Group collaborates with 5 associate companies, reinforcing its reach and synergistic potential across multiple sectors. These associates share a strategic partnership with the Group, contributing to its holistic growth and expanding its impact in the market.

Furthermore, the L&T Group engages in 27 joint ventures, establishing fruitful alliances with other organizations to capitalize on shared goals, expertise, and resources. Through these joint ventures, the Group taps into new opportunities and diversifies its offerings, strengthening its position in the business landscape.

Moreover, the Group's portfolio includes 35 jointly held operations, showcasing its commitment to collaboration and co-ownership of ventures that contribute to mutual growth and prosperity. These jointly held operations represent a testament to the Group's dedication to fostering strategic partnerships and maximizing collective potential.

Across this extensive corporate ecosystem, the L&T Group's activities span an impressive range of industries, providing solutions and services that leave a lasting impact on society and the economy. From pioneering advancements in engineering and construction to driving innovation in the IT sector, manufacturing cutting-edge capital goods, and excelling in the realm of financial services, the L&T Group's influence extends far and wide.

History and Milestones 

Larsen & Toubro (L&T) traces its origins back to 1946 when it was founded in Bombay by Danish engineers Henning Holck-Larsen and Søren Kristian Toubro. Originally, it started as a representative for Danish dairy and allied equipment manufacturers. However, the onset of World War II disrupted trade, prompting the partners to start a workshop for jobs and services. They ventured into ship repair and fabrication during the war, which led to the formation of a new company, Hilda Ltd, for these operations.

Incorporated in 1946, Engineering Construction & Contracts (ECC) focused on construction projects and later became L&T's construction division. The company forged foreign collaborations and represented British manufacturers of various equipment. In 1947, L&T had an agreement with a US-based company called Caterpillar Tractor Company for marketing earth moving equipment. Larsen & Toubro Private Limited was incorporated to raise additional capital on 7 February 1946.

Post-independence, L&T expanded with Kolkata, Chennai, and New Delhi offices. It acquired 55 acres in Powai, Mumbai, for further development. In December 1950, L&T became a public company with significant capital and sales turnover growth. Subsequently, in 1956, the company's Mumbai office moved to ICI House in Ballard Estate, which was later purchased and renamed L&T House, serving as its present headquarters.

L&T is involved in three core products/services: construction and project-related activity, manufacturing and trading activity, and IT and engineering services. To facilitate administrative efficiency, the conglomerate is organized into sixteen subsidiary companies:

● LTIMindtree
● L&T EduTech
● L&T SuFin
● L&T Realty
● L&T Financial Services
● L&T Metro Rail
● L&T Technology Services
● L&T Valves
● L&T Construction & Mining Machinery
● L&T Shipbuilding
● L&T Defence
● L&T Heavy Engineering
● L&T Minerals & Metals
● L&T Power
● L&T Hydrocarbon
● L&T EBG
● L&T Construction

Awards and Recognition

Over the years, Larsen & Toubro has received numerous awards and accolades, recognizing its contributions to various industries and its commitment to excellence. Some of the notable awards include:

● L&T Ranked No.1 in the Capital Goods Sector and No.17 among the Top 50 Most Sustainable Companies in India by Businessworld (BW)
● L&T among top 10 of LinkedIn’s 25 best workplaces in India
● L&T wins BML Munjal Award 2022 in the Sustained Excellence Category
● FICCI Quality Awards for 3 L&T businesses

Important Facts 

● Number of employees: 245,677
● Total equity: ₹103,567.22 crore (US$13 billion)
● Total assets: ₹330,352.21 crore (US$41 billion)
●  Website: larsentoubro.com

As of the last available data, L&T's market capitalization stands at a significant figure (3.50 trillion INR), reflecting its stature as a key player in the Indian corporate landscape.