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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 ...
Mindtree was acquired by Larsen & Toubro in 2019, before being merged with L&T Infotech (LTI) in 2022 to form LTIMindtree. [6] [7] [8] The company had business interests in e-commerce, mobile applications, cloud computing, digital transformation, data analytics, testing, enterprise application integration, and enterprise resource planning ...
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.
Today we’re going to take a look at the well-established Larsen & Toubro Limited (NSEI:LT). The company’s stock received a lot of attention from a substantial price movement on theRead More...
Sekharipuram Narayanan Subrahmanyan (born 16 March 1960) is an Indian businessman who is the chairman and managing director of Larsen & Toubro, an Indian multinational conglomerate. [1] He took over as the MD from A. M. Naik on 1 July 2017. [2]
Holck-Larsen was a risk-taker while Toubro was more conservative. [3] Holck-Larsen and Toubro saw opportunities in India at a time when few Europeans had realised the country's potential for industrial growth. The first office of L&T, located in Mumbai, was so small that only one of them could use it at a time. [4]
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In its first year, the company generated $70 million in revenue. Initially, it only operated as the engineering arm of Larsen & Toubro [6] and in 2013, as a result of L&T's strategy, the parent company was split into "nine verticals and six subsidiaries", of which this was one.