16.a. Larsen and Toubro chairman A.P. Naik in a speech challenged the technocrats and asked them
"who will build the nation? "L&T requires at least 2000 engineers every year at its
present
growth rate but it is facing severe talent crunch. The reason is fresh engineers are opting for IT
and IT enabled services. The company has been facing maximum meaning attrition at the
junior levels and has to resort to remunerative ways of retaining talent. If you were an HR
manager in L&T and mandated to hire entry-level engineers, what would be your strategy? (15)
Or
Answers
Answer:
Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.
Larsen & Toubro Limited is the biggest legacy of two Danish Engineers, who built a world–class organization that is professionally managed and a leader in India's engineering and construction industry. It was the business of cement that brought the young Henning Holck–Larsen and S.K. Toubro into India. They arrived on Indian shores as representatives of the Danish engineering firm F L Smidth & Co in connection with the merger of cement companies that later grouped into the Associated Cement Companies.
Answer:
Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.
Larsen & Toubro Limited is the biggest legacy of two Danish Engineers, who built a world–class organization that is professionally managed and a leader in India's engineering and construction industry. It was the business of cement that brought the young Henning Holck–Larsen and S.K. Toubro into India. They arrived on Indian shores as representatives of the Danish engineering firm F L Smidth & Co in connection with the merger of cement companies that later grouped into the Associated Cement Companies.
Together, Holck–Larsen and Toubro, founded the partnership firm of L&T in 1938, which was converted into a limited company on February 7, 1946. Today, this has metamorphosed into one of India's biggest success stories. The company has grown from humble origins to a large conglomerate spanning engineering and construction. ECC was conceived as Engineering Construction Corporation Limited in April 1944 and was incorporated as wholly owned subsidiary of Larsen & Toubro Limited. L&T's founders Holck – Larsen and Toubro laid the foundation for ECC.
It has today emerged as India's leading construction organization. Their first office in Mumbai (Bombay) was so small that only one of the partners could use the office at a time. In the early years, they represented Danish manufacturers of dairy equipment for a modest retainer. But with the start of the Second World War in 1939, imports were restricted, compelling them to start a small work–shop to undertake jobs and provide service facilities.
Germany's invasion of Denmark in 1940 stopped supplies of Danish products. This crisis forced the partners to stand on their own feet and innovate. They started manufacturing dairy equipment indigenously. These products proved to be a success, and L&T came to be recognised as a reliable fabricator with high standards.