Latest news with #Larsen&Toubro
India.com
8 hours ago
- Business
- India.com
JACKPOT for L&T boss, Subrahmanyan sees remuneration jumps of 50 percent after…, earns Rs 760000000 pay in…, his net worth is…
SN Subrahmanyan (File) New Delhi: S N Subrahmanyan, chairman and Managing Director of Larsen & Toubro (L&T), witnessed a remuneration hike of nearly 50 percent in the financial year 2024–25. According to the company's latest annual report, Subrahmanyan received a total compensation of Rs 76.25 crore in FY25, up from Rs 51.05 crore in FY24. This massive increase was attributed to employee stock options (ESOPs) exercised during the year, valued at Rs 15.88 crore. Notably, no ESOPs were exercised by him in the previous financial year. Whole-time Director and Chief Financial Officer R Shankar Raman earned Rs 37.33 crore in FY25. Deputy Managing Director and President Subramanian Sarma received Rs 44.55 crore for the same period. The annual report highlighted that the remuneration of key managerial personnel reflects the company's strong performance, and the rewards are in line with industry benchmarks. Story in short: S N Subrahmanyan, chairman and Managing Director of Larsen & Toubro (L&T), witnessed a remuneration hike of nearly 50 percent in the financial year 2024–25. Whole-time Director and Chief Financial Officer R Shankar Raman earned Rs 37.33 crore in FY25. Deputy Managing Director and President Subramanian Sarma received Rs 44.55 crore for the same period. Subrahmanyan and his association with Larsen and Toubro Subrahmanyan joined the construction business of L&T in 1984 He joined as a project planning engineer after completing a degree in civil engineering and post-graduation in business management. The L&T construction business has grown multifold under his leadership It ranked among the top 25 global contractors after Subramanyan joined the company In 2011, Subrahmanyan was inducted into the L&T board. Under Naik's leadership, L&T transformed into a USD 17 billion group with presence not only in engineering and construction but also in technology, manufacturing and financial services operating in over 30 countries. About Larsen and Toubro Indian multinational firm Larsen & Toubro operates in over 50 countries across the globe. The company is currently engaged in EPC Projects, Hi-Tech Manufacturing and Services. According to L&T, it was the first company in India in the engineering and construction space to publicly disclose its sustainability performance. Founded in 1946 by two Danish engineers, Henning Holck-Larsen and Soren Kristian Toubro, L&T has been involved in the production of a range of hardware for every project of Indian Space Research Organisation (ISRO), including the Chandrayaan, Gaganyaan, and Mars Orbiter missions. L&T started out as a private company but became a publicly listed firm in 1950, and over the years, leading business tycoons like Anil Ambani and Kumar Mangalam Birla, have tried to acquire it.
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Business Standard
2 days ago
- Business
- Business Standard
HAL receives first set of wings for Light Combat Aircraft Mk1A from L&T
The first set of wing assemblies for Light Combat Aircraft (LCA) Mk1A, produced by Larsen & Toubro, was handed over to Hindustan Aeronautics Limited (HAL) in Coimbatore, Tamil Nadu, the Ministry of Defence said in an official statement. Secretary (Defence Production) Sanjeev Kumar attended the event virtually, as General Manager (LCA Tejas Division) M Abdul Salam received the assemblies on behalf of HAL from the Precision Manufacturing and Systems Complex unit of L & T. In his address on Thursday, the Secretary (Defence Production) commended the efforts of HAL and L & T towards achieving self-reliance. He hailed HAL for spearheading collaboration with different private sector partners, nurturing them and ensuring enhanced capability. He expressed confidence in meeting the requirement of the production target for LCA Tejas. He called for expanding horizons and focusing on reducing dependency on other countries. Chairman and Managing Director (CMD) of HAL DK Sunil, who was present during the handing over, termed it as a testament to years of dedicated hand-holding and a shared commitment to excellence from HAL and L & T. "HAL is working with suppliers, both large and SMEs, as an initiative towards achieving Aatmanirbharta in the aerospace and defence sector. HAL has effectively built a parallel aircraft structural assembly line in the private sector, which will help in capacity augmentation of the LCA Tejas program," he said. Senior Vice President and Head of L & T Precision Engineering and Systems Arun Ramchandani said L & T is set to supply four wing sets annually, with plans to scale up production to 12 sets per annum through advanced assembly processes and automation, he added. To date, the LCA Tejas Division has received structural modules of Air Intake Assemblies from Lakshmi Machine Works, Rear fuselage assembly from Alpha Tocol, Loom Assemblies from Amphenol, Fin & Rudder Assemblies from Tata Advanced Systems, Centre Fuselage Assembly from VEM Technologies and Wing Assemblies from Larsen & Toubro for the LCA Mk1A. On Monday (July 15), India received the second GE-404 engine from the US for the LCA Mark 1A fighter jet aircraft program. The engine has been received by the Public sector firm Hindustan Aeronautics Limited (HAL) and it is expected to receive 12 more GE-404 engines by the end of this financial year. The engines will be fitted on the LCA Mark 1A fighter jets. The delivery of the engines had been delayed by more than a year due to supply chain issues faced by the American engine manufacturing firm. The Indian Air Force has placed orders for 83 LCA Mark 1A fighter jets and a proposal to buy 97 more of these planes is at an advanced stage after the clearance from the Defence Ministry, officials said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
2 days ago
- Business
- Time of India
LTIMindtree Q1 Cons PAT up 11% to Rs 1,254 crore
Synopsis The software services unit of Larsen & Toubro posted a net profit of Rs 1,254 crore for the fiscal first quarter, when it also saw a marginally better performance at its key banking, financial services, and insurance (BFSI) vertical compared with the previous quarter. Revenue increased 7.6% on year to Rs 9,840 crore.
News18
2 days ago
- Business
- News18
L&T chairman remuneration jumps 50 pc to Rs 76.25 cr in FY25
New Delhi, Jul 17 (PTI) The remuneration of Larsen & Toubro Chairman S N Subrahmanyan, who came into the spotlight months ago for endorsing a 90-hour work week, increased by almost 50 per cent to Rs 76.25 crore in FY25 over FY24. According to the company's annual report, the rise was mainly on account of stock options exercised during the year. Subrahmanyan was paid a remuneration of Rs 51.05 crore in 2023-24. The value of employee stock options (ESOP) exercised by the chairman during the last financial year stood at Rs 15.88 crore. In comparison, it was zero in 2023-24. The report further said that while the remuneration of the company's Whole-time Director and CFO R Shankar Raman stood at Rs 37.33 crore in FY25, Subramanian Sarma, the Deputy Managing Director & President of the infrastructure major, earned Rs 44.55 crore. The Larsen & Toubro chairman, a few months back, sparked an online outrage with his comments advocating a 90-hour work week and suggesting that employees should even give up Sundays. In response, the company had issued a statement clarifying that his comments were intended to highlight the importance of 'extraordinary effort" for achieving remarkable results, and not to pressure employees into extended working hours. PTI SID MR MR MR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 17, 2025, 19:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
2 days ago
- Business
- Time of India
Rs 76 crore pay for L&T boss: Chairman Subrahmanyan's remuneration jumps 50% after ESOP windfall in FY25
S N Subrahmanyan, Chairman of Larsen & Toubro, saw his pay rise significantly. His remuneration reached Rs 76.25 crore in FY25. This is a nearly 50 per cent increase from the previous year. The rise is mainly due to stock options. His earlier comments about a 90-hour work week had sparked controversy. Tired of too many ads? Remove Ads Larsen & Toubro (L&T) Chairman and Managing Director S N Subrahmanyan saw his remuneration rise by nearly 50% in the financial year 2024–25, largely due to gains from stock to the company's latest annual report, Subrahmanyan received a total compensation of Rs 76.25 crore in FY25, up from Rs 51.05 crore in FY24. The sharp increase was attributed to employee stock options (ESOPs) exercised during the year, valued at Rs 15.88 crore. Notably, no ESOPs were exercised by him in the previous financial report also detailed the pay packages of other top executives. Whole-time Director and Chief Financial Officer R Shankar Raman earned Rs 37.33 crore in FY25. Deputy Managing Director and President Subramanian Sarma received Rs 44.55 crore for the same annual report highlighted that the remuneration of key managerial personnel reflects the company's strong performance, and the rewards are in line with industry from PTI
