Project On Industrial Hierarchy Of: Larsen and Toubro

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K.

C College of Management Studies

Project on Industrial Hierarchy of

LARSEN AND TOUBRO

PREPARED AND SUBMITTED BY:


Mr. Aamir Bhorania
Ms. Sherlynn D’costa

UNDER GUIDANCE:

Mr. R Mukandan
Sr. Topic
No.
1 Acknowledgement
2 Company’s Profile
3 Board of Director
4 Roles & Opportunities in L&T
5 Organizational Hierachy
6 Flow Chart
7 Company Policies
8 Duties of Director of WORKS
9 Duties of COMMANDS WORKS
OFFICER
10 Duties of GARRISON ENGINEER
11 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 Bhorania
Sherlynn D’costa
The name of the company is derived from
Larsen & Toubro its two founders Henning Holck-Larsen
and Soren Kristian Toubro –two Danish
engineers who settled down in India.

Larsen and Toubro  is an Indian conglom
erate, with diverseinterests such as constru
ction, hydraulic
equipment, electrical andelectronic power 
services, fertilizer projects, medicalelectro
nics,financial services and information
Type Public technology. 
(NSE: LT) It generates almost 85% of its revenue
(BSE: 500510) from its construction business

Industry Conglomerate Apart from several offices in India, the co


mpany has offices in theUSA, Europe, Mi
ddle East and Japan.
Founded Mumbai, India (1938)
The customer profile of the Engineering 
Construction & ContractsDivision of 
Founder(s) Henning Holck-Larsen
L&T includes Samsung, Chevron, Bechtel
Søren Kristian Toubro , Kvaerner,Pirelli, Siam Michelin, Goodye
ar etc.
Headquarters Mumbai, Maharashtra, India

SUBSIDIARIES:
Area served Worldwide

 Larsen & Toubro Komatsu Limited


Key people A. M. Naik (Chairman & MD)  L&T Infotech
 Larsen & Toubro EmSyS
 Larsen & Toubro Finance
Products Power generation  Larsen & Toubro Infrastructure Finance
Refineries  Larsen & Toubro e-Engineering Solutions
 Larsen & Toubro Valves Business Group
Cement plants
Ships
Switchgear
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/ui_templates/HtmlCont
ainer.aspx?res=P_CORP_EMID_DCOR

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