L&T Judged Best Managed Company in India

Larsen & Toubro Ltd (L&T) has announced that the Company has been judged as India's Best Managed Company by India's leading business magazine Business Today and its knowledge partner Ernst & Young.

Mr. A M Naik, Chairman and Managing Director of L&T, received the coveted award from the Union Minister of Commerce and Industries, Mr. Kamal Nath at a glittering function held in Mumbai on March 05.

The Business Today-Ernst Young study covered more than 4,900 Companies that are listed on the BSE and the NSE. They were rated on several parameters that included leadership, business & operational strategies, best practices, corporate governance, corporate social responsibility, growth, profitability, operating efficiency & wealth creation for all stakeholders.

Commenting on the award Mr. Naik said, "It is a tribute to enlightened and professional management team at L&T, where empowerment and accountability are of paramount importance. In 70 years of existence, L&T has created a management culture that is rooted in ethics, integrity, and a deep sense of patriotism. We sincerely believe that nation building is at the core of all our activities. L&T is a truly professionally managed Company with no promoter family, but where every employee has a strong sense of ownership".