Larsen & Toubro (L&T) is a name that has become synonymous with engineering, construction, and technology in India. Founded in 1938 by two Danish engineers, Henning Holck-Larsen and Søren Kristian Toubro, L&T has grown to become a multinational conglomerate with a presence in over 30 countries. In this blog, we will take a closer look at the journey of L&T, the challenges it faced, where it stands today, and how young entrepreneurs can learn from its experiences. Establishment and Early Years Holck-Larsen and Toubro met while working for the Tata Group and decided to start their own company. They secured a loan of Rs. 50,000 from the Industrial Finance Corporation and set up Larsen & Toubro in Bombay (now Mumbai). The company initially focused on electrical and mechanical engineering, and its first major project was the construction of a dairy plant in Bombay. Over the next few years, L&T secured several government contracts for construction and engineering proj...
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