The Technological Transformation of L&T

Larsen and Toubro (L&T) is undergoing a major transformation under the leadership of chairman and managing director S.N. Subrahmanyan. The engineering and construction giant is leveraging technology to improve efficiency, safety, and margins across its various businesses.

With a focus on digitization and IoT, L&T is monitoring around 14,000 devices and machines in real-time at project sites. This allows for better utilization of resources and ensures worker safety. The company is also driving the transition towards becoming a technology-led engineering and services conglomerate.

Under Subrahmanyan’s leadership, L&T has seen significant growth in its infrastructure segment, energy vertical, and hydrocarbon business. The company is also expanding its services business globally, with a focus on IT and technology services. L&T aims to become a top player in the IT sector, similar to TCS for the Tatas.

The company’s financial services arm, L&T Finance Holding, is shifting its focus to retail lending to improve margins and return on equity. L&T is also exploring new business opportunities in fabless semiconductor manufacturing, data center construction, e-commerce, and electrolyser manufacturing.

Overall, L&T is repositioning itself as a technology-driven company with a focus on new energy forms like green hydrogen. The company is investing in next-generation engineering and services, aiming to become a global leader in the industry.

With a strong order book, growing revenues, and a strategic focus on technology and innovation, L&T is poised for continued success in the future. The company’s transition under Subrahmanyan’s leadership is setting the stage for a new era of growth and profitability.