OVERVIEW : OVERVIEW Larsen & Toubro Limited (L&T) is a technology, engineering, construction and manufacturing company.

It is one of the largest and most respected companies in India's private sector. Seven decades of a strong, customer-focused approach and the continuous quest for world-class quality have enabled it to attain and sustain leadership in all its major lines of business. L&T has an international presence, with a global spread of offices. A thrust on international business has seen overseas earnings grow significantly. It continues to grow its overseas manufacturing footprint, with facilities in China and the Gulf region. The company's businesses are supported by a wide marketing and distribution network, and have established a reputation for strong customer support. L&T believes that progress must be achieved in harmony with the environment. A commitment to community welfare and environmental protection are an integral part of the corporate vision. VISION : VISION The L&T vision reflects the collective goal of the company. It was drafted through a large scale interactive process which engaged employees at every level, worldwide.

GLOBAL PRESENCE : GLOBAL PRESENCE L&T has a global presence. A thrust on international business over the years has seen overseas revenues growing steadily. The company has manufacturing facilities in India, China, Oman and Saudi Arabia. It has a global supply network with offices in 10 locations worldwide, including Houston, London, Milan, Shanghai, Seoul. Customers include global majors in over 30 countries.

AWARDS & RECOGNITION : AWARDS & RECOGNITION MAJOR AWARDS IN THE YEAR 2007-08 -IMC Ramkrishna Bajaj National Quality Award -Amity Corporate Excellence Award 2007 -ICAI Award -National Top Exporters Trophy Emerging Global Company Award

SUBSIDARIES AND ASSOCIATES : SUBSIDARIES AND ASSOCIATES The L&T Group has a number of subsidiaries & associates worldwide Engineering and construction Machinery and Industrial products Information Technology Financial Services

ORGANISATION STRUCTURE : ORGANISATION STRUCTURE "The company that we run has a strong heritage of professionalism that places the highest value on merit and integrity. In the 70th year of the existence of L&T, all the directors on our board are conscious of our responsibility in transforming the organisation to make it truly world class, to ensure its continued long term success and growth. - BOARD OF DIRECTORS INDUSTRIAL VISIT : INDUSTRIAL VISIT RETURN ON CAPITAL EMPLOYED 20.6% ECONOMIC VALUE ADDED 51% to RS.834 crore TOTAL GROWTH RATE 9% of GDP ORDER BOOK as on MARCH, 2008- RS.52,683 crore of which 8,736 crore was contributed by international business. SALES GROWTH 41% amounting to RS. 25,187 crore PROFIT AFTER TAX increased by 55% TOTAL INCOME INCRASE - 40% to Rs. 29,883 crore

RECENT PROFITS : RECENT PROFITS Net income in the three months ended Dec. 31 climbed 40 percent to 4.82 billion rupees ($122 million), or 16.21 rupees a share, from 3.44 billion rupees, or 11.24 rupees, a year earlier, Mumbai-based Larsen said in a statement today. Six analysts in a Bloomberg News survey had a median estimate of 4.46 billion rupees. Sales rose 55 percent to 63.8 billion rupees.

MERGERS AND ACQUISITIONS : MERGERS AND ACQUISITIONS Tamco Corporate Holdings, Malaysia which has manufacturing facilities in Malaysia, China, Indonesia and Australia. Medium Voltage switchgear technology Strategic stakes in some of the key vendors for ensuring availability of raw materials. Exit the Ready Mix Concrete business. transfer this business to Lafarge Aggregates India Private Limited and divested the stake in HPL Cogeneration.

RECESSION AFFECTS : RECESSION AFFECTS Sensex slips below 11K again; L&T tumbles 11% Sensex sheds 320 pts; L&T down 10%. India shares drop 5.9 pct; Reliance, L&T lead fall L&T Info to delay IPO on U.S. recession

OUTLOOK : OUTLOOK While macro economic fundamentals continue to inspire confidence, the recent slowdown in the industrial sectors, coupled with the spike in input costs, particularly oil, and the credit squeeze, may impact the ability of the capital goods sector to sustain the growth momentum in the near term. Despite this, in view of the current pace of hydrocarbon & infrastructure development in the country and the neighboring regions as well as L&Ts entry into manufacturing of super-critical boilers and super-critical

steam turbines & generators , the prospects for growth appear promising. The Companys businesses are geared to harness the full potential of the emerging opportunities.

CONCLUSION : CONCLUSION "It is our ability to anticipate the future and react accordingly that will determine our success". - HENNING HOLCK

HISTORY : HISTORY The evolution of L&T into the country's largest engineering and construction organization is among the most remarkable success stories in Indian industry. L&T was founded in Bombay (Mumbai) in 1938 by two Danish engineers, Henning Holck - Larsen and Soren Kristian Toubro. Both of them were strongly committed to developing India's engineering capabilities to meet the demands of industry. Beginning with the import of machinery from Europe, L&T rapidly took on engineering and construction assignments of increasing sophistication. Today, the company sets global engineering benchmarks in terms of scale and complexity. Henning Holck-Larsen Soren Kristian Toubro

L&T Culture L&T opens doors of opportunity and equips its employees to walk through those doors. L&T employees share one common feeling - of being part of one big family and of a winning team. There is a sense of pride in belonging to a fine organisation - where professionalism is a way of life, where talent is encouraged and skills honed, where individual and organisational goals blend for mutual success. L&T offers employees more than a job - it offers them a lifetime career with challenging opportunities for continuous development and growth in diverse fields of business. The company recognises good performers. The leadership programmes like MLP (for management areas), ELP (for Execution related areas) and TLP (for technology areas). Top talent is given focused attention in terms of growth opportunities, compensation, challenging roles and assignments.

Working culture at L&T infrastructure finance company limited

L&T group makes use of high quality working culture. The company is regulated by a solitary board which is responsible for making perfect policies and supervisions when actual policies are implemented in group. All the company directors are responsible for shaping the working patterns in the group and guide the individuals working for group in a predetermined path. In addition to that, company works according to the regulations of professionalism towards the working modules and organization (Siddiqui, 2006). In order to build perfect working pattern the management of L&T infrastructure finance company limited formed different committees in group such as,

Investment and Credit Committee Management Committee Audit Committee H.R. & Nomination Committee Asset Liability Management Committee Risk Management Committee

For effective working in business area company maintains perfect credit policies and implement according to the effectiveness of initiated operation in the business fields (Larsen and Toubro, 2010). Further company is very much efficient in managing the investments and credits with help of strong board of directors listed in the group. In further process of working in group before accepting any project in the company different teams initially works on estimating the project strength and other issues such as investments etc. such analysis help to group to have an overall content report on the project efficiently. Once company accepts the project it determines the size of project based on finding predicted in the analyzing process. Further in order to increase the stability of work in company makes use of internal ratings in all the departments of group. Such rating helps to calculate the efficiency of individuals in performing the tasks for the group essentially. Thus the working culture of L&T organization could be understood.

CORPORATE SOCIAL RESPONSIBILITIES : CORPORATE SOCIAL RESPONSIBILITIES L&T believes that the true and full measure of growth, success and progress lies beyond balance sheets or conventional economic indices. It is best reflected in the difference that business and industry make to the lives of people. Through its social investments, L&T addresses the needs of communities residing in the vicinity of its facilities, taking sustainable initiatives

in the areas of heath, education, environment conservation, infrastructure and community development. The company proactively provides assistance in situations such as natural calamities and assists victims of nature's fury or social neglect. Many social initiatives are undertaken in partnership with government agencies and NGOs.