5 Indian Firms Among World's Most Innovative Companies

1 Larsen & Toubro

Industry: Construction Services

Chief Executive Officer:  Anilkumar Naik

Larsen & Toubro (L&T) with a market capital of $16.09 Billion (as of April 2012) got placed in Forbes’ list of ‘World’s Most Innovative Companies’ at the ninth position. L&T is a technology, engineering, construction and manufacturing company, which was founded in 1938. The company presently employs around 45,117 employees, and it operates mainly in three segments; Engineering & Construction Segment, Electrical & Electronics segment and Machinery & Industrial Products segment. 

Engineering, Construction & Contracts Division (ECCD) of the company undertakes engineering, design and construction of infrastructure, buildings, factories, water supply, and metallurgical & material handling projects covering civil, mechanical, electrical and instrumentation engineering disciplines; and the division is organized into two independent companies: Heavy Engineering Independent Company and Ship Building Independent Company. Larsen & Toubro’s Electrical & Electronics division also has two separate independent bodies such as Electrical & Automation Independent Company and Medical Equipment & Systems business.