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L&T Cover I-IV 2008.Pmd C M Y K COMPANY INFORMATION BOARD OF DIRECTORS A. M. Naik Chairman & Managing Director J. P. Nayak Whole-time Director & President (Machinery & Industrial Products) Y. M. Deosthalee Whole-time Director & Chief Financial Officer L&T’s Corporate Office in Mumbai K. Venkataramanan Whole-time Director & President (Engineering & Construction Projects) R. N. Mukhija Whole-time Director & President (Electrical & Electronics) K. V. Rangaswami Whole-time Director & President (Construction) V. K. Magapu Whole-time Director & Senior Executive Vice President (IT & Technology Services) 63rd ANNUAL GENERAL MEETING AT BIRLA MATUSHRI SABHAGAR M. V. Kotwal Whole-time Director & Senior 19, MARINE LINES, MUMBAI 400 020 Executive Vice President ON FRIDAY, AUGUST 29, 2008 (Heavy Engineering) AT 3.00 P. M. S. Rajgopal Non-Executive Director S. N. Talwar Non-Executive Director M. M. Chitale Non-Executive Director Thomas Mathew T. Nominee – LIC N. Mohan Raj Nominee – LIC Subodh Bhargava Non-Executive Director Bhagyam Ramani (Mrs.) Nominee – GIC A. K. Jain Nominee – UTI COMPANY SECRETARY N. Hariharan REGISTERED OFFICE L&T House, Ballard Estate, Mumbai – 400 001 AUDITORS M/s. Sharp & Tannan SOLICITORS M/s. Manilal Kher Ambalal & Co. REGISTRAR & SHARE TRANSFER AGENTS Sharepro Services (India) Private Limited 7 WorldReginfo - 8927407b-646a-4dec-8717-e657936e94c1 C M Y K 8 ORGANISATION STRUCTURE A. M. NAIK CHAIRMAN & MANAGING DIRECTOR DEVELOPMENT ELECTRICAL MACHINERY & ENGINEERING TECHNOLOGY FINANCE PROJECTS & & INDUSTRIAL & SERVICES & & FINANCIAL ELECTRONICS PRODUCTS CONSTRUCTION CIO HR SERVICES K. V. RANGASWAMI K. VENKATARAMANAN M. V. KOTWAL R. N. MUKHIJA J. P. NAYAK V. K. MAGAPU Y. M. DEOSTHALEE CONSTRUCTION E&C PROJECTS HEAVY INDUSTRY OPERATING COs. OPERATING COs. OPERATING COs. OPERATING CO. OPERATING COs. OPERATING CO. Financial Services Buildings & Factories Upstream Heavy Engineering Electrical & Industrial L&T Infotech • Infrastructure • Institutional & Commercial Buildings • Oil & Gas EPC Projects • Coal Gasifiers Automation Products & IT Services Finance • Townships & SEZ • Modular Fabrication & Thermal Plant • Electrical Machinery Verticals • Equipment • System Housing & Drilling Rigs Equipment Standard • Industrial • Manufacturing Finance • Industrial Plants • Floating Production • Fertilizer, Products Machinery for • Energy, Oil & Gas • Trade Finance • Formwork & Building Products Systems Petrochemical • Electrical Paper, Steel, • Petrochemicals Infrastructure Infrastructure • Pipelines & Heat Transfer Systems & Bulk Material & Process Plants Development • Ports & Harbours • L&T Valdel - Engineering Equipment Equipment Handling, etc. • Product Projects • Bridges Services • Refinery, Cracker • Metering & • Industrial Valves Engineering • Airports • Roads & Runways Mid & Downstream Plant and Oil & Protection • Rubber Services • Ports & Harbours • Hydroelectric • Refineries Gas Equipment Systems Processing • Insurance • Railways • Nuclear Power • Petrochemical & • Weapon Systems • Control & Machinery • Banking & • Roads • Railways Fertilisers • Marine Automation • Plastics Financial • Water • Nuclear Power • TAMCO – Processing Services • L&T Ramboll – Engineering • Pipelines Power & Utility Services • Construction Services Equipment Medium Voltage Machinery Horizontals • Aerospace Equipment • Welding • ERP – SAP, Development Metallurgical, Material Handling • L&T Chiyoda- Engineer- • Thermal ing Services & Aviation SBUs Products & Oracle & Water Cutting Tools • Infrastructure • Hydroelectric • Minerals & Metals Power Shipbuilding • Medical • Transmission • Merchant Equipment & • Foundry Management • Bulk Material Handling • EPC Power – Combined Products Services & Distribution • Water Treatment & Distribution Cycle & Coal Based • Repair & Refit Systems • Petrol Dispensing Construction SBUs Property Projects • Construction Services Development • Fabrication Facility • Manufacturing Pumps & Systems Machinery Engineering • Construction & Services Electrical Projects - Boilers & Turbines • Renovation Mining • Mechanical & • Transmission Lines Machinery Mechatronics • Substations & Modernization • Operation & Maintenance • Hydraulic Services • Industrial Electrification Equipment • Embedded & Instrumentation • L&T Sargent & Lundy - Engineering Services • Undercarriage Systems & • Railway Electrification and Material Software SBUs Handling • Cement & Mineral Systems Projects • Strategic Electronics • Spares & • Water Process Service Technology • Spectrum Infotech -- Avionics GEOGRAPHIC FOCUS : L&T has a dominant position in the technology, construction & manufacturing sectors in India. The company has strengthened its presence in the Gulf, and has established production facilities and project capabilities in that region for its business activities. (This Organisation Structure is under implementation from 2008-2009) WorldReginfo - 8927407b-646a-4dec-8717-e657936e94c1 C M Y K LEADERSHIP TEAM (Front row - from left to right): Mr. J.P. Nayak, Mr. A.M. Naik and Mr. Y.M. Deosthalee (Rear - from left to right): Mr. K. Venkataramanan, Mr. M.V. Kotwal, Mr. V. K. Magapu, Mr. R. N. Mukhija and Mr. K.V. Rangaswami 9 WorldReginfo - 8927407b-646a-4dec-8717-e657936e94c1 C M Y K to facilitate performance and create a competitive environment of excellence. A People Management programme helps managers sharpen their skills in managing people and build strong work relationships. This programme is an attempt to put HR at the door-step of the line manager - where it truly belongs. Over a hundred programmes have been conducted covering around a thousand managers. In all, over five thousand employees will be covered. L&T believes that teaching is an effective means of internalising learning. An internal team of trainers, comprising line managers, has been developed to cascade the programme. People We envisage that the total training man- hours will increase appreciably in the future. L&T has, therefore, decided to From employee to L&T-ite, augment its training facilities. While L&T from participant to passionate champion has already created training facilities at Madh in Mumbai and at Mysore, it is also in the process of doubling the capacity of Customers and associates have integration of India’s economy with the the Management Development Centre at frequently commented about a striking global order, and the consequent blurring Lonavala. characteristic of the L&T-ite at work. of national boundaries has given talent a He does not appear to be putting in mobility it never had in the past. The Human Resources Development ‘just another day at the work place’, constantly reinforces the employee’s he seems to be on a mission, charged Talent Attraction sense of belonging and sustains his or with his task, obsessive about detail, her motivational levels. For this, L&T passionate and driven. A project for L&T offers the opportunity to be a part of believes it is vital that employees perceive an L&T-ite is not a chore to be a dynamic team in an energy charged a clear linkage between their performance completed, it’s a cause to champion. environment. L&T has recruited over and the rewards they receive. The Why and how does this happen? It is 1000 Graduate Engineer and Diploma Performance Measurement System hard to place one’s finger on the Engineer Trainees during the year from called FAIR – Framework for linking reasons – but part of the answer could over 300 engineering colleges across the Appraisal with Increments & Rewards be the environment into which a new country. L&T also recruited experienced was reviewed and revised recently to joinee is initiated, the example he is candidates laterally, particularly for the make it more effective particularly with set by his peers and the legacy he middle management level. This exercise regard to employee development and inherits. is backed by a systematic Manpower fostering an appreciative culture. Budgeting process in line with the And what a remarkable legacy we business needs of the Company. Several initiatives have been taken by have! Our founding father – Henning Divisions to improve employee Holck-Larsen gave us a value system Unlocking People Potential engagement. These initiatives are that placed people at the very heart of focused at the Divisional as well as the every endeavour. As he had said: At L&T, no dichotomy is seen between a workplace level and address areas such “Machinery must be there, buildings ‘caring’ company and a ‘challenging’ as team building, performance feedback, must be there, but without the people, environment. L&T cares for its employees infrastructure, work life balance, fun at it’s all nothing. People are our only real and greatly values the contribution they work, etc. asset”. make, while at the same time, sets before them daunting targets. L&T, therefore, L&T offers training programmes for We recognize that today’s economy holds considers it as its prime responsibility to developing technical, behavioural and out a challenge to this very asset. The offer people all the tools and techniques managerial skills. Efforts are constantly 10 WorldReginfo - 8927407b-646a-4dec-8717-e657936e94c1 C M Y K “We could dream, and we did so, but we never imagined we’d become so big. It’s thanks to many people. And in L&T, they are just getting better and better. I am really proud of them.” - Henning Holck-Larsen Training does not always mean lectures in a classroom environment. Here L&T-ites overcome obstacles, and learn to ‘team up and triumph’. made to align these to competency needs we will redeem our pledge.
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