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As of 31 March 2022, L&T has 93 subsidiaries, 5 associate companies, 27 joint ventures and 35 joint operations. [18]L&T – Construction Equipment Limited: having its registered office at Mumbai, India and focusing on construction equipment and mining equipment, L&T-Komatsu Limited [19] was a joint-venture of Larsen and Toubro, and Komatsu Asia Pacific Pte Limited, Singapore, a wholly owned ...
The idea of L&T was conceived during a holiday in Matheran, a hill station near Mumbai. [1] Holck-Larsen was a risk-taker while Toubro was more conservative. [ 2 ] Holck-Larsen and Toubro saw opportunities in India at a time when few Europeans had realised the country's potential for industrial growth.
L&T may refer to: Larsen & Toubro, a large Indian engineering and construction conglomerate; Lemon & Te Aroha, a New Zealand soft drink; Lord & Taylor, the oldest department store chain in the United States
This is a list of countries by credit rating, showing long-term foreign currency credit ratings for sovereign bonds as reported by the largest three major credit rating agencies: Standard & Poor's, Fitch, and Moody's.
The company was founded as L&T Information Technology Ltd in December 1996 as a subsidiary of Larsen & Toubro. [5] During 2001–2002, the company's name was changed from L&T Information Technology Ltd to L&T Infotech Ltd and in the same year the company achieved the assessed level of Software Engineering Institute's (SEI) Maturity Level 5. [6] [7]
Larsen & Toubro (L&T), an infrastructure major and one of the largest conglomerates in India, took over control of Mindtree in June 2019 and currently has a 61.08% stake in the company. [17] [18] [5] L&T's takeover of Mindtree was described at the time as the first hostile takeover in the Indian IT industry. [19] [20]