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What is the full form of L&T?

By Anushree Goswami Last updated : April 20, 2024

L&T is an abbreviation of Larsen and Toubro. It is an Indian multinational conglomerate corporation with international networks and operations. It is dynamically engaged in a variety of fields such as technology, engineering, construction, manufacturing, and financial services. Its head office is situated in Mumbai, India. As of March 31, 2018, L&T Group includes 93 subsidiaries, 8 associates, 34 combined business enterprises and 33 joint operations companies.

It has to turn out to be one of the leading and extremely reputed private sector companies of India on the foundation of its customer-focused approach and focus on outstanding quality. In 2013, L&T was expressed as a bellwether of the construction and engineering field of India by NDTV.

Image source: https://en.wikipedia.org/wiki/Larsen_%26_Toubro

L&T Brief History

• L&T arose from a corporation that was established in 1938 by two Danish engineers, Henning Holck-Larsen and Soren Kristan Toubro, in Mumbai (then Bombay).
• In the initial period, it began with the trade-in of machinery from Europe. Afterward, it took on engineering and construction assignments.
• In a while, it has placed a variety of standards in engineering in terms of size and complexity.

In the present time, it is also reckoned amongst the world’s leading fabrication companies.

L&T Awards and achievements

• In 1997, the Bengaluru Works division was honored the "Best of all" Rajiv Gandhi National Quality Award.
• In 2014, Larsen & Toubro ranked 500 on Forbes list of 2000 world's largest and most powerful public companies based on revenues, profits, assets, and market value.
• According to the Brand Trust Report 2012 published by Trust Research Advisory, a brand analytic's company, L&T was ranked 47th amongst India's most trusted brands.
• Afterward, in Brand Trust Report 2013, L&T was positioned 127th amongst the most trusted brands in India
• According to the Brand Trust Report 2014, L&T was uplifted to the 38th rank amongst India's most trusted brands.
• In 2013, L&T Power received the 'Golden Peacock National Quality Award – 2012' at the 23rd World Congress on 'Leadership & Quality of Governance'.
• In 2012, Forbes positioned L&T as the 9th most innovative company in the world.
• In 2010, L&T was also featured in Forbes Asia's annual 'Fabulous 50' list, for the fifth time in a row.
• In 2012, L&T was positioned 4th by Newsweek in the international list of green companies in the industrial field.
• In 2013, the Harvard Business Review named L&T's Executive Chairman, A M Naik, as the 32nd Best Performing CEO in the world.