K.C College of Management Studies

Project on Industrial Hierarchy of

LARSEN AND TOUBRO

PREPARED AND SUBMITTED BY: Mr. Aamir BhoraniaMs. Sherlynn D’costa

UNDER GUIDANCE:

Mr. R Mukandan

Sr. No.

Topic

1 Acknowledgement2 Company’s Profile3 Board of Director4 Roles & Opportunities in

L&T5 Organizational Hierachy6 Flow Chart 7 Company Policies8 Duties of Director of WORKS9 Duties of COMMANDS

WORKS OFFICER10 Duties of GARRISON

ENGINEER11 Duties OF ENGINEER

SERVICES

Acknowledgement:

We would like to express immense gratitude to Mr. R. Mukandan for assisting & guiding us all in bring up a focused approach towards our subjects

We, as a part of research have gained immense exposure of the subject and also the dynamics form a group, team or an organization.

We would like bring this collective effort to light by this project.

Aamir BhoraniaSherlynn D’costa

The name of the company is derived from its two founders Henning Holck-Larsen and Soren Kristian Toubro –two Danish engineers who settled down in India.

Larsen & Toubro

Type Public

(NSE: LT)

(BSE: 500510)

Industry Conglomerate

Founded Mumbai, India (1938)

Founder(s) Henning Holck-Larsen

Søren Kristian Toubro

Headquarters Mumbai, Maharashtra, India

Area served Worldwide

Key people A. M. Naik (Chairman & MD)

Products Power generation

Refineries

Cement plants

Ships

Switchgear

Larsen and Toubro  is an Indian conglomerate, with diverseinterests such as construction, hydraulic equipment, electrical andelectronic power services, fertilizer projects, medicalelectronics,financial services and information technology. It generates almost 85% of its revenue from its construction business

Apart from several offices in India, the company has offices in theUSA, Europe, Middle East and Japan.The customer profile of the Engineering Construction & ContractsDivision of L&T includes Samsung, Chevron, Bechtel, Kvaerner,Pirelli, Siam Michelin, Goodyear etc.

SUBSIDIARIES:

Larsen & Toubro Komatsu Limited L&T Infotech Larsen & Toubro EmSyS Larsen & Toubro Finance Larsen & Toubro Infrastructure Finance Larsen & Toubro e-Engineering Solutions Larsen & Toubro Valves Business Group

Board of Directors

Mr. A.M. Naik Chairman & Managing Director

Mr. K. Venkataramanan Whole-time Director &President (Engineering & Construction Projects) 

Mr. J.P. Nayak Whole-time Director & President (Machinery & Industrial Products) 

Mr. Y.M. Deosthalee Whole-time Director & Chief Financial Officer

Mr. R.N. Mukhija Whole-time Director & President (Electrical & Electronics) 

Mr. V.K. Magapu Whole-time Director & Senior Executive Vice President (IT & Technology Services) 

Mr. K. V. Rangaswami Whole-time Director & President (Construction) 

Mr. M. V. Kotwal Whole-time Director & Senior Executive Vice President (Heavy Engineering) 

Roles & Opportunities in L&T

Roles in Corporate HR & Personnel - Corporate HR & Personnel offer a combination of design and execution functions. These involve developing policies, while working closely with the top management.

Generalist Corporate HR Role New Initiatives Performance Management Recruitment & Selection SAP HR

Roles in OD HR - L&T’s Divisional HR functions lay a strong emphasis on execution. The employees gain a good working knowledge of current systems while working with business managers and line people.

Training & Development Recruitment & Selection Compensation & Benefits SAP HR Performance Management

Roles in Mergers & Acquisitions – L&T’s Mergers & Acquisitions functions offer multiple opportunities in project management, strategy, finance and marketing, helping employees develop interpersonal and leadership skills. It involves various functions.

Roles in Treasury - As L&T is expanding its international operations, it places a strong emphasis on central management of funds and risks. L&T’s Treasury offers opportunities in system implementation and up gradation, cash management, trade finance, bid support, coordination with L&T’s Operating Divisions (ODs) and with Subsidiary & Associate (S&A) companies. It has three divisions

The Front Office: helps the employee to gain an understanding of the financial markets in India and abroad, learn about financial products and develop deal execution and negotiation skills.

The Mid Office: carries out the compliance function. It generates reports from SAP on limit utilization, MTM and other matters of relevance to top management.

The Back Office: carries out settlement of transactions, documentation, accounting, reconciliation, etc.

Roles in Risk Management - Corporate Risk Management is evolving and involves a great deal of interaction between consultants, industry forums and subject experts. Employees are required to leverage and build upon this network. It involves the following opportunities:

Risk Profiling Policy Articulation Risk Analytics Management Information System (MIS) Knowledge Management

Organizational Hierachy

The organization has a definite hierarchy which shows Organizational & Business structure, through which leaders or managers interact with subordinates, subordinates with subordinates, under specific protocols & code of conduct which is characteristic of a working group.

HIERARCHY a. Executive Directors i. Headed by Mr. A.M. Naik

ii. Followed by Subordinates b. Non Executive Directors i. Headed by Mr. S. Rajgopal ii. Followed by Subordinates

Also another characteristic which defines this as working group is that it is headed by a Focused Leader, Mr. A.M. Naik (who is in-charge as well as accountable for the performance of the organization).

1. Each and every individual is working towards achievement of organizational goals, targets & objectives (vision & mission of organization), through a set of predefined rules, regulations, norms and standards which is a important feature of a work group.

2. As an organization, segmenting of various branches is done in L&T -- like L&T Infra, L&T InfoTech, L&T finance etc. Delegation of authority is there as seen from organizational chart plus people are working to achieve individual goals and targets assigned, which is a characteristic of a work group.

3. The company has been continuously achieving increasing turnover over the years, which shows high level of motivation among its employees and which is a very important characteristic of work group.

4. Each individual plays its part in offering different or contradicting or diverse views which decides for Quality Decision making, in turn growth which is of high importance in a work group. L&T Stats are complementary of such processes.

5. Lines from L&T Careers Link “L&T is a team of more than 29000 L&T-ites spread across multiple locations across the globe, having proven track record and professional skills, woven together with a common culture of trust & caring. L&T offers its people freedom at work, unmatched leadership & the opportunity to grow at a rapid pace. It provides them challenging, interesting & motivating assignments which brings a sense of professional fulfillment. The company encourages entrepreneurial skills thus, enabling and empowering employees to take appropriate risks. Employee participation is encouraged by inviting suggestions & opinions. This is coupled with competitive compensation & rewards and training through Core Development & Behavior Development Programs, to enable them to unleash their full potential.” Above lines clearly indicate the presence of work group in L&T, which is interlinked (effectively and efficiently), interacting and interdependent. Besides all above, L&T has received many awards since it establishment. Latest being that L&T was ranked first in India's Best Managed Companies in a 2008 survey published by Business Today (India's leading business periodical) All achievements & characteristics undoubtedly reflect L&T as a successful & evolving work group

Company Policies

To Attract Employees:

1. The company offers various learning opportunities and job profiles which is discussed under Derivative Analysis as Roles and Opportunities, also acts an attraction. 2. Plus L&T recruitments ads & product Ads, this gives a nice brief about job profile and working culture.3. The websites plus its focus on empowering employees puts an extra element to attract employees but at the same time focus on talented people. 4. Every career avenue reflects the Company's strong people orientation. 5. Increasing performance also attracts talented employees to join the company

To Trigger Performance:

1. Company considers a separate section of CSR (corporate social responsibility) in which it encourages its employees to volunteer, to act as productive citizens, empowering women & providing social relief to weaker sections by involving them. 2. Various training programs for continuous growth through diverse learning of subjects & easy availability. 3. At L&T the employees are set targets & the better they achieve the handsomely they are offered packages. 4. L&T through challenging tasks as well as care for its employees to trigger performance.

To retain its employees:

1. Providing innumerable growth & learning opportunities.

2. Involving people in business, social and extracurricular activities to propel their performance loyalty & attachment towards the organization. 3. Encouraging support activities. 4. Performance Appraisal. 5. Ongoing staff training 6. Employee Motivation 7. Frequent /consistent rewards and recognition for performance 8. Changing & reviewing goals & targets & area of expertise. 9. Set goals, review, evaluate, feedback. 10. Be sensitive to personal issues 11. Keep your promises 12. Build employees self-esteem 13. Staff events / Team building 14. React on employee suggestions 15. Regular staff meetings, parties 16. Medical Facilities & Perks 17. Flexi hours to senior officials 18. Various beneficiary schemes to its employees + bonuses + allowance etc. 19.Latest in the ET Newspaper Columns was : Company was Offering Volkswagen Cars to its highly experience staff who has been working for around 12-14 years in their company plus even better compensation and CAR to retain its valuable staff.

DUTIES OF DIRECTOR OF WORKS ACT AS A NODAL POINT IN NHQ ON ALL MATTERS

RELATED TO CIVIL WORKS (OTHER THAN DOCKYARD)

OBTAIN GOVERNMENT SANCTIONS FOR ALL PLANNED PROJECTS

CARRY OUT CONTROL AND MONITORING OF ALL ONGOING WORKS

JUSTIFY THE BUDGETARY DEMANDS FOR CIVIL WORKS WITH THE MINISTRY IN CONSULTATION WITH DNP

ACCORD CIVIL WORKS SANCTIONS ON BEHALF OF CNS APPROVE ALL LOSS STATEMENTS PERTAINING TO CIVIL

WORKS ON BEHALF OF CNS RESPONSIBLE FOR ALL MATTERS PERTAINING TO

QUARTERS AND RENTS REPRESENTS NHQ ON ALL CONSTITUTED INTER

SERVICES FORUMS PERTAINING TO WORKS/QUARTERING

INTER SERVICES ACCOMMODATION ADVISORY COMMITTEE

JOINT ADMINISTRATIVE PLANNING COMMITTEE

DUTIES OF COMMAND WORKS OFFICER ORIGINAL WORKS . RESPONSIBLE TO COORDINATE ALL

REQUIREMENTS FOR THE ENTIRE COMMAND AND LIASIONS WITH NHQ AND ENGINEERS FOR APPROVAL, RELEASE AND EXECUTION OF ALL CAPITAL/REVENUE/MINOR WORKS

MAINTENANCE SERVICES. LIAISE WITH NHQ AND THE ENGINEERS FOR ENSURING THE PROPER MAINTENANCE SERVICES AT ALL STATIONS IN THE COMMAND.

ORIGINAL WORKS. PROVISION OF BUILDINGS, DOCKS, AIRFIELDS ETC. TOGETHER WITH ACCESSORY SERVICES SUCH AS ROADS, ELECTRIC AND WATER SUPPLY, DRAINAGE, FURNITURE ETC AND ALSO INTERNAL FIXTURES.

DUTIES OF ENGINEER SERVICES MAINTENANCE SERVICES

REPAIRS, RENEWALS AND UPKEEP OF THE ORIGINAL WORKS

MAINTENANCE AND OPERATION OF CERTAIN INSTALLATIONS SUCH AS ELECTRIC POWER STATIONS, PUMPING STATIONS, SEWAGE DISPOSAL WORKS, ETC.

CARETAKING OF DEFENCE SERVICES BUILDINGS, AIRFIELDS, ETC WHEN NOT IN USE

HIRING AND PAYMENT OF RENTS, RATES AND TAXES IN RESPECT OF LANDS, BUILDINGS AND RAILWAYS SIDINGS AND THE PAYMENT OF BILLS FOR ELECTRIC ENERGY AND WATER OBTAINED FROM MUNCIPALITIES OR OTHER BODIES.

PROVISION AND HOLDING OF STORES, PLANT AND MACHINERY REQUIRED FOR WORKS, ENGINEER UNITS AND MOBILISATION RESERVES.

ASSESSMENT OF RENTS AND THE FURNISHING OF NECESSARY PARTICULARS TO THE UABSO TO ENABLE THEM TO COLLECT RENT FOR QUARTERS AND CHARGES FOR FURNITURE, ELECTRICITY AND WATER, ETC. IN CERTAIN CASES, THE ACTUAL COLLECTION OF SUCH RECOVERIES IS THE RESPONSIBILITY OF THE MES.

GARRISION ENGINEER GE OF A DIVISION IS THE ENGINEER ADVISER AT THE SUB

AREA/BRIGADE OR EQUIVALENT LEVEL TO THE LOCAL HEADS OF SERVICES AND DEPARTMENTS UNDER THE MINISTRY OF DEFENCE

THE EFFICIENT EXECUTION OF ALL ORIGINAL WORKS AND THE MAINTENANCE IN PROPER REPAIR AND WORKING ORDER OF ALL BUILDINGS, FURNITURE, MACHINERY, ROADS AND LANDS COMMITTED TO HIS CHARGE, WHETHER MILITARY OR CIVIL.

PERIODICAL AND OTHER INSPECTIONS THE PROPER AND ECONOMIC EXPENDITURE OF THE

FUNDS ALLOTTED TO HIM BY THE CWE.

References& Bibliography Mr.T A JAFRI –Larsen and Toubro,Hazira Mr. R.G Kulkarni - Larsen and Toubro, Hazira www.larsentoubro.com ww.larsentoubro.com/lntcorporate/common/

ui_templates/homepage_news.aspx?res=P_CORP http://en.wikipedia.org/wiki/Larsen_%26_Toubro www.larsentoubro.com/lntcorporate/common/

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