Section 35
Larsen & Toubro
Started as: Importing and servicing dairy and other machinery
- founded
- 1938
- founder
- Henning Holck-Larsen and Søren Kristian Toubro
- headquarters
- Mumbai, Maharashtra
- 2,85,874
- Consolidated revenue, FY2025-26 (₹ crore) · 2026
- 7,40,327
- Consolidated order book, 31 March 2026 (₹ crore) · 2026
- 54%
- Share of revenue from outside India, FY2025-26 · 2026
The story
Two Danish engineers, Henning Holck-Larsen and Søren Kristian Toubro, started a small firm in Bombay in 1938. They imported machinery, then began servicing and making it when imports were cut off during the Second World War.
After independence the company grew into building factories, power plants, refineries and bridges. It has no promoter family; it is run by professional managers and owned by public shareholders, including an employee trust.
Over time L&T spun off and listed separate IT and engineering services companies. In FY2025-26 it reported consolidated revenue of ₹2,85,874 crore and a record order book of ₹7,40,327 crore.
Where it works today
Engineering and constructionHeavy engineering and defenceEnergy projectsIT and technology servicesFinancial servicesReal estate
Main companies
Larsen & Toubro · LTIMindtree · L&T Technology Services · L&T Finance · L&T Realty
Timeline
- 1938Two Danish engineers, Henning Holck-Larsen and Søren Kristian Toubro, start a partnership in Bombay.
- 1946Larsen & Toubro is incorporated as a private company.
- 1950Becomes a public limited company.
- 2004Sells its cement business, which becomes UltraTech Cement of the Aditya Birla Group.
- 2016Lists its IT arm L&T Infotech and engineering services arm L&T Technology Services.
- 2019Acquires a controlling stake in Mindtree.
- 2022L&T Infotech and Mindtree merge to form LTIMindtree.
- 2026Order book reaches an all-time high of ₹7,40,327 crore.