Company Directory - Larsen & Toubro
Company Details - Larsen & Toubro
Larsen & Toubro
WebsiteLarsen & Toubro is an Indian multinational conglomerate involved in technology, engineering, construction, manufacturing goods, and financial services.
CCI Score
CCI Score: Larsen & Toubro
-29.30
Latest Event
Protest Over Chairman’s 90-Hour Workweek Remark
CITU and AIDWA activists protested at L&T's Hyderabad office on January 17, 2025, demanding that Chairman SN Subrahmanyan withdraw his statement suggesting employees work 90 hours a week. Protesters condemned the remark as an exploitation of workers, arguing that such extended hours would reduce laborers to slave-like conditions.
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ACCOMPLICE
Larsen & Toubro is currently rated as an Accomplice.
Latest Events
- JAN172025
CITU and AIDWA activists protested at L&T's Hyderabad office on January 17, 2025, demanding that Chairman SN Subrahmanyan withdraw his statement suggesting employees work 90 hours a week. Protesters condemned the remark as an exploitation of workers, arguing that such extended hours would reduce laborers to slave-like conditions.
-70
Labor Relations and Human Rights Practices
June 12
The chairman’s remark advocating for a 90-hour workweek is seen as a clear endorsement of exploitative labor practices. This has galvanized labor activists (CITU and AIDWA) to protest, arguing that such policies would devalue worker rights and exacerbate labor exploitation. The negative assessment reflects concerns over corporate disregard for fair work hours and worker well-being.
Protest in Hyderabad over L&T chair's 90-hour workweek remark
- JAN142025
L&T Chairman SN Subrahmanyan's comments advocating a 90-hour workweek, comparing Indian workers to those in China, have been met with strong criticism from the Karnataka State IT Employees Union, which condemned the proposal as exploitative and reflective of corporate greed. The proposal has raised concerns over worker exploitation and an unsustainable work culture.
-85
Labor Relations and Human Rights Practices
June 12
The chairman's remarks promoting a 90-hour workweek display a clear disregard for worker rights and well-being, reinforcing exploitative practices. By invoking extreme work hours as a path to productivity and global dominance, the company is endorsing a work culture that prioritizes profit over human dignity, drawing condemnation from labor unions.
Karnataka IT union slams L&T's proposal for 'grim' 90-hour workweek
- JAN112025
L&T Chairman S.N. Subrahmanyan’s proposal to extend the work week to 90 hours – including controversial comments about employee home life – has drawn strong condemnation from trade unions who argue that such measures exploit workers and undermine human dignity.
-80
Labor Relations and Human Rights Practices
June 12
The chairman's proposal for an excessively long 90-hour work week and his disparaging remarks reduce workers to expendable resources, reflecting exploitative labor practices. Trade unions have condemned the statement as it violates workers' rights, work-life balance, and promotes an unethical disregard for employee well-being in a context of significant income disparity.
- JAN012025
A recent Transparency International report on corporate transparency in emerging markets placed Larsen & Toubro at a low 19% on anti-corruption practices, raising concerns about its ethical responsibility and corporate governance standards.
-50
Business Practices and Ethical Responsibility
June 12
The Transparency International report, as highlighted in the Moneylife article, reveals that Larsen & Toubro scores only 19% on anti-corruption practices. Such a low score suggests significant shortcomings in its corporate governance and ethical framework, which is concerning from an anti-fascist perspective that calls for transparency and accountability in business practices.
Bizarre clean chit to Indian corporates by Transparency International
- JUL292024
The article reports that 27 migrant workers from Jharkhand were allegedly forced to work without wages at Larsen & Toubro's Vinayak Construction Project in Cameroon. Although pending wages were reportedly paid after the workers released a video plea, the incident highlights serious labor rights violations.
-70
Labor Relations and Human Rights Practices
June 12
The incident involves clear allegations of labor rights abuses, with migrant workers being forced to work without wages, representing an exploitation of vulnerable labor. This treatment is indicative of poor labor relations and human rights practices, and thus earns a strongly negative score.
- MAR152024
L&T Technology Services Limited secured a $100 million cybersecurity contract from the Maharashtra State Cyber Department to establish advanced digital forensic and cybersecurity facilities, reinforcing public safety and technological innovation.
+80
Technology and Services Impact
June 12
The cybersecurity program contract demonstrates a strong commitment to developing state-of-the-art technology solutions for public safety and digital defense. By deploying AI and ML-driven cybersecurity measures along with advanced digital forensic tools, the initiative supports societal resilience against cyber threats and aids in the safeguarding of critical public infrastructures, aligning with progressive goals.
L&T Technology Services (LTTS) Secures landmark ∼$100 Million program in cybersecurity
- MAR152024
L&T Technology Services, the technology arm of Larsen & Toubro, secured a $100 million contract from the Maharashtra State Cyber Department to develop advanced cybersecurity systems, including command centers and digital forensic solutions, aimed at protecting critical infrastructure and enhancing public safety.
+70
Technology and Services Impact
June 12
The contract focuses on building advanced cybersecurity infrastructure, which is a positive contribution to public safety and digital resilience. By enhancing defensive measures against cyber threats, the initiative supports efforts to protect society from potential misuse of digital technologies. Despite potential concerns over surveillance, the primary goal is to secure critical infrastructure and safeguard citizens, aligning with anti-authoritarian and progressive objectives.
L&T Technology Services bags $100 mn deal for Maharashtra cybersecurity
Alternatives
Mumbai, India
-46.62
Hyderabad, India
-35.71
India
-50.00
Australia
-2.37
Bangkok, Thailand
-33.74
Abu Dhabi, United Arab Emirates
34.18
London, United Kingdom
-53.79
Sydney, Australia
57.74
Stockholm, Sweden
28.94
Bangalore, India
3.28
Corporate Financials
- Revenue
- 2025
- $21.00B
- Total Assets
- 2025
- $22.00B
- Operating Income
- 2025
- $2.90B
- Total Equity
- 2025
- $7.50B
Employees: 100,000
Industries
- 236220
- Commercial and Institutional Building Construction
- 237310
- Highway, Street, and Bridge Construction
- 237990
- Other Heavy and Civil Engineering Construction
- 423810
- Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers
- 541330
- Engineering Services