On October 1, 2023, S.N. Subrahmanyan stepped into his new role as the Chairman and Managing Director of Larsen & Toubro (L&T), marking a significant milestone in his illustrious journey within the company. Having joined L&T’s ECC Division in 1984, Subrahmanyan ascended the corporate ladder, acquiring invaluable experience and expertise along the way. In this article, we delve into his vision for the company and the steps he plans to take to steer L&T into a promising future.
A Visionary Leader’s Inaugural Address
In his first address to L&T employees as the Chairman and Managing Director, Subrahmanyan wasted no time in laying out his vision for the company. He emphasized three key pillars that would shape the future of L&T: performance, technology, and readiness for what lies ahead.
Performance is Paramount
Acknowledging L&T’s strong order book, robust market capitalization, and soaring share prices, Subrahmanyan stressed the importance of staying hungry for success. He made it clear that the focus on performance should remain unwavering, as the company’s customers would continually demand excellence. “Our focus cannot waver from performance,” he asserted.
Harnessing the Power of Technology
Subrahmanyan understands that in today’s rapidly evolving business landscape, technology is a game-changer. He urged the organization to believe in the power of technology and consistently harness its potential to enhance productivity and efficiency. In a world where digitalization impacts every facet of business, staying at the forefront of technological advancements is crucial for L&T’s future success.
Future Readiness
Subrahmanyan emphasized the need for L&T to be “future ready.” He underscored that significant changes are occurring in ecosystems, energy dynamics, sustainability, and digitalization, and the company must adapt swiftly to meet evolving customer needs. “The future is closer than you think,” he said, urging employees to prepare for these inevitable changes.
Acknowledging A.M. Naik’s Legacy
It’s worth noting that Subrahmanyan’s ascension to the top role was made possible by A.M. Naik, who stepped down from his position as Non-Executive Chairman on September 30, 2023. Naik, a stalwart in the organization, will now focus on philanthropic initiatives and continue to serve as the chairman of L&T’s IT companies and the employees’ trust. His contributions were honored with a postage stamp and the unveiling of his upcoming biography, “The Man Who Built Tomorrow.”
Upholding the L&T Legacy
Subrahmanyan expressed his deep belief in the power of the L&T brand and emphasized the collective responsibility of all employees in upholding the company’s values and contributing to its enduring culture. He called upon everyone to work together, lead by example, and drive the value systems associated with the brand.
As S.N. Subrahmanyan assumes the role of Chairman and Managing Director of Larsen & Toubro, he brings with him a clear vision for the company’s future. Under his leadership, L&T aims to prioritize performance, leverage technology, and prepare for the challenges and opportunities that lie ahead. With a rich legacy and a commitment to excellence, L&T and its employees are poised to embrace the future with confidence and determination.
