Thursday 29 / May / 2025
Muscat: S.N. Subrahmanyan will step into his role as chief executive officer (CEO) and managing director of Larsen & Toubro (L&T), effective July 1, 2017.
This follows his appointment to the role by the Board of Directors of L&T at its meeting held on April 7 this year. Subrahmanyan is currently the deputy managing director and president of the company.
At the meeting on April 7, the board had also requested A.M. Naik, group executive chairman, L&T, to provide guidance and mentorship to the company’s leadership subsequent to his current term. Consequently, Naik will continue as the non-executive chairman of the company for a period of three years, effective October 1, 2017.
Speaking on the occasion, Naik said: “Subrahmanyan is the finest among the many top executives I have mentored over the last few years. Three years ago, he was identified as the most likely leader to take on the role of CEO and Managing Director. Since then I have worked closely with him and engaged him in all aspects of L&T’s operations, going beyond his core domains of infrastructure and construction.”
“Subrahmanyan has a great work ethic and business acumen to take L&T to greater heights in the future. I have full confidence that under him L&T will remain steadfast to its core values, fulfil the expectations of our stakeholders and continue to play a key role in building a stronger India,” he added.
Subrahmanyan said: “This is indeed high honour and immense responsibility. I am truly blessed and count myself very fortunate. Larsen & Toubro is a flag bearer for the Indian industry and is the builder of the India of tomorrow. I am very grateful to Naik for his guidance and will try my best to live up to his expectations in taking this great company forward into the future. I look forward to jointly writing a new chapter for L&T, along with our high calibre employees, while ensuring that we continue to deliver value to our stakeholders. I am humbled and at the same time excited and confident to be at this role in L&T.”
The new CEO of L&T joined the construction business at the company in 1984 as a project planning engineer after completing a degree in Civil Engineering and post-graduation in Business Management.
His ability to develop innovative solutions in the construction and infrastructure space has seen him rise rapidly up the leadership rungs of the company. He successfully helmed L&T’s largest infrastructure projects, including new airports in major cities, metro, and freight corridor projects across India and expansion of operations in international geographies.
The L&T Construction business has grown multi-fold under his leadership and ranks among the top 25 global contractors and by far is the largest EPC (Engineering, Procurement and Construction) player in the country. In 2011, Subrahmanyan was inducted into the L&T Board.
Under Naik’s guidance, Subrahmanyan also demonstrated his leadership credentials by assuming apex-level responsibility for other businesses of the Group, including LTI (erstwhile L&T Infotech), L&T Technology Services, Smart World and Communication, and Digital initiatives. He was also appointed Chairman of L&T Metro Rail and L&T Shipbuilding to provide guidance and strategic inputs to these businesses.
