People: Larsen & Toubro Limited (LART.BO)

LART.BO on Bombay Stock Exchange

1,436.05INR
5:16am EST
Price Change (% chg)

Rs-26.20 (-1.79%)
Prev Close
Rs1,462.25
Open
Rs1,472.90
Day's High
Rs1,475.00
Day's Low
Rs1,431.00
Volume
260,821
Avg. Vol
498,534
52-wk High
Rs1,800.00
52-wk Low
Rs557.00

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Summary

Name Age Since Current Position
Naik, A. 67 2003 Executive Chairman of the Board, Managing Director
Deosthalee, Yeshwant 62 2003 Chief Financial Officer, Whole-time Director
Nayak, Jagdish 65 President - Machinery and Industrial Products, Whole-time Director
Venkataramanan, Krishnamurthi 64 President - Engineering & Construction Projects, Whole-time Director
Mukhija, Ram President - Electricals & Electronics, Whole-time Director
Rangaswami, Kodiyalam 65 2006 President - Construction, Whole-time Director
Magapu, Vijay 64 2006 Senior Executive Vice President - IT & Technology Services, Whole-time Director
Kotwal, Madhukar Senior Executive Vice President - Heavy Engineering, Whole-time Director
Hariharan, N. Company Secretary, Compliance Officer
Rajgopal, S. 74 2001 Non-Executive Director
Talwar, Suresh 71 2004 Non-Executive Director
Chitale, M. 59 2004 Non-Executive Director
Mathew T., Thomas 54 2006 Non-Executive Director - Nominee LIC
Raj, N. Mohan 55 2007 Non-Executive Director - Nominee LIC
Bhargava, Subodh 2007 Non-Executive Director
Ramani, Bhagyam 2007 Non-Executive Director - Nominee GIC
Jain, A. 63 2008 Non-Executive Director - Nominee SUUTI
Bindra, Jagjeet 2009 Non-Executive Director
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Biographies

Name Description
Naik, A. Mr. A. M. Naik is Executive Chairman of the Board, Managing Director of Larsen & Toubro Limited. He joined the company as a Junior Engineer in 1965, and was rapidly given positions of increasing responsibility. He was appointed Managing Director & Chief Executive Officer of L&T on April 28, 1999. On December 30, 2003, he was appointed Chairman and Managing Director of L&T. He successfully led the Company through some of its most challenging times, and enabled it to emerge stronger each time. His broad global perspective has seen the Company expand its horizons beyond domestic borders, and position itself to become a global player. Mr. A.M. Naik heads an organisation that is among the most admired companies in India, reputed for the technological excellence that characterises its projects and products, for its contribution to the development of indigenous engineering capabilities and, for its inherent professionalism and value systems.
Deosthalee, Yeshwant Mr. Yeshwant Moreshwar Deosthalee joined Larsen & Toubro Limited (L&T) in 1974 and held positions at various offices of the company all over the Country until assuming charge as General Manager (Finance) in 1990. In addition to assuming total responsibility of the Finance portfolio, he also oversees the Personnel and HR functions in the Company. In March 1995, Mr. Deosthalee was appointed as whole-time Director on the Board of the Company and designated Sr. Vice President (Finance). Currently, he is the Chief Financial Officer of L&T and on the Boards of various L&T Group of Companies. Mr. Deosthalee was instrumental in setting up L&T Finance Limited in 1994, a wholly-owned subsidiary of L&T and continues to nurture its operations and provide strategic direction. He also plays an important role in Larsen & Toubro Infotech Limited, the IT arm of L&T, which offers software solutions to clients globally. Mr. Deosthalee is a Trustee of the newly formed L&T Public Charitable Trust, a major CSR initiative of the Company and takes a keen interest in its various welfare activities. A member of the Western Regional Council and the National Council on Corporate Governance of the Confederation of Indian Industry (CII), Mr. Y. M. Deosthalee has chaired a number of meetings including CFO Summits organised by CII. Mr. Deosthalee is a member of the Bombay Management Association and member of the Managing Committee of Bombay Chamber of Commerce and Industry.
Nayak, Jagdish Mr. Jagdish Pandurang Nayak is President - Machinery and Industrial Products, Whole-time Director of Larsen & Toubro Limited. Mr. J. P. Nayak has been a member of the Board of Directors of Larsen & Toubro Limited (L&T) since 1995. He currently holds Board-level management responsibility for L&T's Machinery & Industrial Products Division and for Corporate Communications. After acquiring a degree in Mechanical Engineering, Mr. Nayak continued further studies in Mid-Essex College of Technology, UK. Subsequently, he also underwent training in Manufacturing Management at Parkinson Commonwealth Bursary. He joined the L&T Group in 1965, serving in Tractor Engineers Limited, a joint venture with Caterpillar Tractor Company. In 1980, he took over as head of the Construction Equipment manufacturing unit of L&T in Bangalore and later, as Group General Manager of L&T's Construction Equipment Group in 1987, with dual responsibility for manufacturing and marketing. In this capacity, he oversaw the formation of joint ventures with global majors like Komatsu, Deere & Company, and CNH. In March 1995, Mr. Nayak was inducted onto the Board of Directors of L&T as Senior Vice-President. Six years later, he was elevated as President (Operations). He is a member of the Southern Regional Council of CII.
Venkataramanan, Krishnamurthi Mr. Krishnamurthi Venkataramanan is President - Engineering & Construction Projects, Whole-time Director of Larsen & Toubro Limited. He joined L&T on June 12, 1969 after completing B.Tech. in Chemical engineering from Indian Institute of Technology, Delhi. He was appointed as whole-time Director on the Board of the Company on May 20, 1999. He also built process design capability through a Front End Engineering Design group (FEED) for direct access to process technology. He helped transform the company from a fabrication driven EPC contractor to a technology led player. He also established IT-enabled Engineering Services Centres to tap global opportunities. Mr. Venkataramanan implemented Real Time Strategic Change (RTSC) processes in the company for high performance team building. He implemented various business solutions such as Global Sourcing, Skill Building, Risk Management, Benchmarking, Contracts Management, and intense monitoring of value drivers encompassing financial and operational parameters. Mr. Venkataramanan also formed a dedicated International Business Development Cell to give thrust on the international front. Under his leadership, the project team successfully executed / are executing high technology projects in Qatar, Saudi Arabia, Malaysia, Kuwait, Oman, Sri Lanka and Nigeria. Mr. Venkataramanan has been associated with many industry bodies. These include the Indian Institute of Chemical Engineers, Bombay Chamber of Commerce & Industry, Chemtech Foundation, and the National Executive Council for 'Petroleum & Power' sector.
Mukhija, Ram Mr. Ram Nath Mukhija is President - Electricals & Electronics, Whole-time Director of Larsen & Toubro Limited. Mr. Mukhija also heads the L&T's domestic marketing network. He is in-charge of the CSR activities of L&T. He is the Chairman of Larsen & Toubro (Wuxi) Electric Co. Ltd., China. He is also the member of the board of L&T Infotech Limited. Mr. Mukhija is an Electrical Engineering Graduate of 1965 from IIT Kharagpur. After graduation he joined L&T in Delhi and worked in L&T's offices at Lucknow, Kolkata and Mumbai. He has held senior level responsibilities in marketing, manufacturing and R&D. Mr. Mukhija has been actively associated with the industry and social bodies and was the President of Indian Electrical & Electronics Manufacturers' Association (IEEMA) in 2002-03. He was also the Chairman of ELECRAMA 2002. He is on the Advisory council of 'Vinod Gupta School of Management' at IIT Kharagpur and also the Managing Trustee Board of Vivekanand Education Society's Institute of Technology. He was the Member of National Advisory Board of Power World Expo 2003 and the National Advisory Council for Power India 2003.
Rangaswami, Kodiyalam Mr. Kodiyalam Vasudevan Rangaswami is President - Construction, Whole-time Director of Larsen & Toubro Limited. After completing B.Tech from IIT-Madras, Mr. Rangaswami joined ECC in 1965 and has since been contributing to the growth of ECC in various roles and capacities. He was responsible for several innovative and cost saving designs for many project structures, some of which were conceived and designed for the first time in India. Mr. Rangaswami is also on the Board of L&T Infocity Ltd., Bangalore International Airport Limited, L&T Infrastructure Development Projects Ltd., L&T-Oman, Dhamra Port Co. Ltd., and a number of other companies. He is also a member of the Board of Governors of National Institute of Construction Management & Research. Mr. Rangaswami is a fellow of the prestigious Indian National Academy of Engineering (INAE) and a fellow of the Institution of Civil Engineers, UK.
Magapu, Vijay Mr. Vijay Kumar Magapu is Senior Executive Vice President - IT & Technology Services, Whole-time Director of Larsen & Toubro Limited. Under his leadership, L&T Infotech adopted an aggressive business development drive that resulted in key strategic alliances and the establishment of multiple Offshore Development Centres for global clients. He was also responsible for several initiatives to secure quality certifications and assessment levels. In his capacity as L&T's Chief Information Officer and e-Commerce Officer, Mr. Magapu helped to formulate and implement IT strategies across the company. Mr. Magapu joined L&T as a Graduate Engineer Trainee in 1966, and rapidly rose to assume positions of responsibility in materials management, production planning, design, and various functions in marketing. In 1985, Mr. Magapu took charge of L&T's newly set up Hazira Works and oversaw the development and expansion of this heavy engineering complex. Later, he was elevated to the post of Executive Vice President responsible for the Company's power project business before being appointed Chief Executive of the IT subsidiary of Larsen & Toubro Limited in 2000. An alumnus of IIT, Chennai, Mr. Magapu holds a Masters Degree in Mechanical Science from the University of Calgary, Canada. He possesses valuable experience in various areas such as international marketing, HRD and personnel, and technology consulting.
Kotwal, Madhukar Mr. Madhukar Vinayak Kotwal is Senior Executive Vice President - Heavy Engineering, Whole-time Director of Larsen & Toubro Limited. He is a B.E. Mechanical Engineer from the 1968 batch of S. P. College of Engineering, University of Mumbai. On graduation, he joined L&T's Powai Works, Mumbai, as a junior engineer. As a member of the Board of L&T & Senior Executive Vice President heading the Heavy Engineering Division, Mr. Kotwal handles operations of different Strategic Business Units dealing with domestic as well as international businesses covering equipment and systems for refineries, fertiliser and chemical process plants, power plants (including nuclear power), and defence and aerospace. Workshops and facilities located at Powai, Hazira, Baroda and Vizag are also managed by him. Mr. Kotwal has been associated with several apex bodies. He is the co-Chairman of the Confederation of Indian Industry's National committee on Defence and is a member of the Vijay Kelkar Committee responsible for advising the Government of India on restructuring defence production in the country. He is also the Chairman of Process Plant & Machinery Association of India.
Hariharan, N.
Rajgopal, S. Mr. S. Rajgopal is Non-Executive Director of Larsen & Toubro Limited. He has held various important positions with the Government of Maharashtra and retired as Union Cabinet Secretary, Govemment of India.
Talwar, Suresh Mr. Suresh Talwar is Non-Executive Director of Larsen & Toubro Limited.
Chitale, M. Mr. M. M. Chitale is Non-Executive Director of Larsen & Toubro Limited.
Mathew T., Thomas Mr. Thomas Mathew T. was appointed Non-Executive Director of Larsen & Toubro Ltd on November 20, 2006 to represent the equity interest of the Life Insurance Corporation of India.
Raj, N. Mohan Mr. N. Mohan Raj was appointed Non-Executive Director of Larsen & Toubro Ltd on May 29, 2007 to represent the equity interest of the Life Insurance Corporation of India.
Bhargava, Subodh Mr. Subodh Bhargava was appointed by Larsen & Toubro Ltd on July 3, 2007 as an Additional Director. Mr. Subodh Bhargava, a Mechanical Engineer is Chairman Emeritus of Eicher Group. He has held and continues to hold many important positions with various Government Committees. He is also closely associated with technical and management education In India. His other directorships include: Videsh Sanchar Nigam Limited, Samtel Color limited, Rane Engine Valves limited, Samcor Glass limited, TRF limited, Carbonindum Universal limlted, Glaxo Smithkline Consumer Healthcare Limited, Batliboi limited, SRF limited and DCM Engineering limited
Ramani, Bhagyam Mrs. Bhagyam Ramani was appointed as Non-Executive Director of Larsen & Toubro Ltd with effect from July 19, 2007, due to the resignation of Mr. B. P. Deshmukh, nominee of General Insurance Corporation of India (GIC). She has 30 years of experience in Investment Operations & is presently GM - In Charge of Investment & Accounts in GIC.
Jain, A. Mr. A. K. Jain is Non-Executive Director of Larsen & Toubro Limited. He has held various important positions with the Government of Uttar Pradesh, Government of India and retired as Secretary, Government of India, Ministry of Finance, Department of Disinvestment.
Bindra, Jagjeet Mr. Jagjeet Singh Bindra is Non-Executive Director of Larsen & Toubro Limited.

Basic Compensation

Name Fiscal Year Total
Naik, A. 125,516,000
Deosthalee, Yeshwant 71,559,000
Nayak, Jagdish 63,889,000
Venkataramanan, Krishnamurthi 71,127,000
Mukhija, Ram 70,680,000
Rangaswami, Kodiyalam 52,126,000
Magapu, Vijay 52,162,000
Kotwal, Madhukar 57,519,000
Hariharan, N. --
Rajgopal, S. --
Talwar, Suresh --
Chitale, M. --
Mathew T., Thomas --
Raj, N. Mohan --
Bhargava, Subodh --
Ramani, Bhagyam --
Jain, A. --
Bindra, Jagjeet --
As Of 30 Mar 2009

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