Is L&t a Good Company

As of March 31, 2019, the company had 44,332 permanent employees, including 2,822 women (5.29%) and 90 people with disabilities (0.1012%). During the same period, the company employed 2,93,662 people on a contractual basis. [89] L&T Realty is the real estate development arm of Larsen & Toubro. [44] [45] The company operates in Western and Southern India, building residential, corporate office, retail, leisure and entertainment properties covering 35 million square feet at various stages of development. [46] Larsen and Toubro Limited was awarded the contract for the Hyderabad metro project by the Telangana government. L&T created a special purpose vehicle – L&T Metro Rail (Hyderabad) Limited (“The Company”) – to implement the project on a DBFOT (Design, Built, Finance Operate and Transfer) basis. [47] The company signed the concession agreement with the Government of Andhra Pradesh on September 4. September 2010 and the financial close of the project were completed on March 1, 2011 in a record six months. A consortium of 10 banks led by the State Bank of India provided the financing, the largest commitment of funds in India for a public-private partnership (PPP) (non-Power Infrastructure) project. [48] The brand value is so high.

The facilities and benefits are pretty good. Food and accommodation are free, so good value for money. You may be able to save extra money. It was a joint venture between L&T and Kobe Steel of Japan to manufacture in-house mixers and double-screw rollerhead extruders for the tire industry. L&T sold its entire 51% stake in L&T Kobelco Machinery Private to its joint venture partner in the company, Kobe Steel of Japan, for Rs 43.5 crore. [83] Teammates are the culture that the supervisor develops. The training is very good and improves staff standards. Job security is good as long as it works well. Career growth is still there and well established. Punctual salary without delay.

Delayed evaluation or evaluation not taken into account. The company is a subsidiary of L&T Infrastructure Development Projects Ltd., an infrastructure development arm of Larsen & Toubro Ltd. Workplace Security. Good company to start your career. It is a good l&t company in the construction company around the L&T company separated its 16.5 million ton cement division into another UltraTech unit Cemco and sold 8.5% of the shares to the company A V Birla Group Grasim Industries in 2004. [77] No skills development. HR policies are the worst. The salary is below the market standard.

Growth is extremely slow; depends primarily on your manager and the team you`re part of, rather than your job. The evaluation and bonus depend mainly on favoritism. Your manager will blame the next manager, the next manager will blame the department head, and so on. Promotion letters, performance feedback letters and evaluation letters will arrive by the end of October instead of April; almost delay of 6 months. Policy at the senior management level could destroy your growth trajectory. The annual bonus was about 11000. Companies forced to join the company during Covid. Resumption of the office in July 2020. But at the time of the evaluation, they refused the promotion and bonus, which mentioned the reason as a Covid effect.

Read more L&T was an international manufacturer of electrical and electronic products and systems. The company has manufactured custom control panels for industrial sectors such as energy, refineries, petrochemicals and cement. [84] In the electronics segment, L&T offers a range of measuring instruments and control automation systems for industry. In May 2018, the company signed a definitive agreement with Schneider Electric to strategically divest its electricity and automation (E&A) business in a €14 trillion cash business. [85] The transaction closed on August 31, 2020 upon receipt of required regulatory approvals. L&T said the exit from the electrical and automation business is part of its strategic portfolio review process. [86] In 1965, the company was chosen as a partner for the construction of nuclear reactors. Dr. Homi Bhabha, then chairman of the Atomic Energy Commission (AEC), first turned to L&T in the 1950s to produce critical components for nuclear reactors. He convinced Holck-Larsen, a friend with whom he shared an interest in art, that the company could and should do it. L&T has since contributed significantly to India`s nuclear program.

A junior engineer asked Holck-Larsen why L&T should embark on building nuclear power plants when companies in the U.S. and Germany were losing money for nuclear jobs. He replied: “Young man, India needs to build nuclear power plants. If not L&T, who will? [10] The employee experience listed below at Larsen & Toubro Infotech Limited compared to a typical company. A great organization that goes in the direction of mediocrity. The views and expectations of senior management are very high, but unable to inflate on-site resources in a timely manner. Innovative by nature, but unable to cope with traditional Indian systems at the corporate level. Middle managers are filled with non-eligible persons (especially Tamils) and do not correspond to the positions they held. But management never negotiates with safety, quality and other legal compliances fall under the BOCW act, I have been in this organization for almost a decade, but I have witnessed a terrible change in the recent past.

A very good company for newcomers, but not long for. Work-life balance is a shame. Only one positive thing is that they never fail to pay before the 28th of this month. The personnel policy is too good. Long-term growth is less unless you oil and people who come from other organizations are always greeted with a good hike, but not with a good setting. After a while, they may realize that they have been deceived. Read More 1) Job security is about the performance of individuals, and the only bad thing is that once you get a bad rating, you can`t immediately go to the top grade, even if you give this organization a soul with hard and smart work. 2) The work culture is too bad compared to other areas, with the exception of construction, such as IT.

3) Management is neither too good nor too bad. 4) Company policies are good for the general lifestyle. Read more The company has started work on the Mumbai Metro Line 3 project, worth Rs 5,273 crore. It consists of two packages: package 1 (Cuffe Parade-VidhanBhavan-Churchgate-Hutatma Chowk) and package 7 (Marol Naka-MIDC-SEEPZ). [49] It is also involved in major metro projects in the Middle East. [50] There are two types of staff, one permanent and the other is staff like local staff, where sales are very low, no Sundays, no holidays only 18 days a year. There are no facilities such as transportation, food. There is only one room and a terrible bed. They charge 3500rs just for food. From the salary of 12000rs./month. Isme bhi pfkat ta h 12%. Mtlb sb kuch milake only 5000rs.

Leke jaoge ghar mahine ke only. Aur aisi mengaai me 5000 rs. Me kiska ghar chal jaayega. The salary increase is low, the facilities zero, job security only applies to permanent employees, not to employees of ds. Overall, this company scores 03/10…Read More L&T is one of the largest developers and suppliers of defense equipment and systems in India with over 30 years of experience in this field. [39] It offers design-to-delivery solutions [buzzword] for land, sea and air defense. The company also provides specialized turnkey services in defense construction, infrastructure and facility modernization. [40] L&T`s aerospace business manufactures equipment and systems for the aerospace industry and has contributed to the ISRO Chandrayaan-2 and Mars Orbiter missions. [41] EWAC Alloys Limited was a wholly owned subsidiary of L&T. The company was engaged in the design and development, manufacture and supply of special welding electrodes, gas welding rods and fluxes, welding torches and accessories, atomized metal powder alloys, flux-containing endless wire wires and feeds, polymer compounds and wear-resistant plates. 1) Work area on the construction site, where these are usually very remote areas. 2) Many managers behave like a boss, not a leader.

3) Evaluation scoring system where companies miss their talented employees, HR systems close their ears and only see the ratings given on the evaluation and take dismissal measures. 4) During the Covid 2020 pandemic period, employee performance over the past three years has been pre-selected and has offered to lay off thousands of employees. Note here that once the points get a bad grade from a bad project manager, you can`t get the right grade for at least 5 years.so they will be definitively finished. 5) before 2014, the company like L&T is more than GOVERNMENT JOBS, but after that, many employees were laid off with a bad marking system. Larsen & Toubro was born from a company founded in Mumbai in 1938 by two Danish engineers, Henning Holck-Larsen and Søren Kristian Toubro. The company started as a representative of Danish manufacturers of dairies and related equipment. However, with the outbreak of World War II in 1939 and the resulting blockade of commercial lines, the partners created a small workshop to take back jobs and provide service facilities. The German invasion of Denmark in 1940 stopped the supply of Danish products. The need to repair, convert and demagnetize wartime ships provided an opportunity for L&T and led to the formation of a new company, Hilda Ltd, to manage these operations. L&T also began repairing and manufacturing ships, signaling the company`s expansion. The sudden internment of German engineers in British India (due to suspicions of World War II) to build a soda factory for the Tata gave L&T the chance to enter the field of installation. [9] L&T Technology Services, a subsidiary of Larsen & Toubro, is an engineering services company active in the global field of engineering, research and development (“ER&D”).

L&T Technology Services provides design, development and testing services for industrial products, medical devices, transportation, aerospace, telecommunications and process industries. The company supports its customers throughout the product development lifecycle, from product design to implementation. Services include consulting, design, development, testing, maintenance and market integration services. .