L&T Group owns and operates several international businesses, including global delivery centers via L&T Technology Services, UAE-based Larsen & Toubro International FZE, and hydrocarbon projects across the Middle East and Africa. Its overseas presence spans infrastructure, automation, engineering, and joint ventures like L&T-Sargent & Lundy.
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Who Is the L&T Group and What Do They Do?
Larsen & Toubro (L&T) Group is a leading Indian multinational conglomerate founded in 1938. Headquartered in Mumbai, it operates across sectors including construction, engineering, technology, manufacturing, and defense, serving clients in over 30 countries with large-scale infrastructure and industrial projects.
L&T’s subsidiaries include L&T Technology Services, L&T Infotech, and L&T Finance. The group is known for executing complex projects such as metro systems, power plants, refineries, and smart cities. With a focus on innovation, sustainability, and global competitiveness, L&T is a vital force in India’s industrial and infrastructure development.
L&T Group’s Global Reach: Companies It Owns
1. L&T Technology Services Ltd.
- Acquisition Year: 2016
- Acquisition Cost: ₹1.90 crore
- About: Digital engineering and R&D solutions provider
- Strategic Benefit: Strengthened global delivery footprint
- Market Share: 15 percent in outsourced engineering
- Presence: India, USA, Europe, Asia-Pacific
2. L&T Infrastructure International FZE
- Acquisition Year: 2001
- Acquisition Cost: ₹500 crore
- About: Middle East-based hub for global infrastructure
- Strategic Benefit: Strengthens GCC region projects
- Market Share: 7 percent in international EPC projects
- Presence: UAE, Saudi Arabia, Qatar
3. Larsen & Toubro International FZE
- Acquisition Year: 2001
- Acquisition Cost: ₹50 crore
- About: Oversees PPP projects in Gulf and Africa
- Strategic Benefit: Supports private infra ventures
- Market Share: 12 percent in international PPP sector
- Presence: Middle East, North Africa
4. L&T Hydrocarbon Engineering
- Acquisition Year: 2000
- Acquisition Cost: ₹2,000 crore
- About: Oil & gas EPC contractor for global markets
- Strategic Benefit: Expanded energy sector presence
- Market Share: 7 percent in MENA hydrocarbon contracts
- Presence: Middle East, Africa, India
5. L&T Electrical & Automation (now sold to Schneider)
- Acquisition Year: 2020 (sold)
- Acquisition Cost: ₹14,000 crore
- About: Industrial automation and energy management
- Strategic Benefit: Capitalized exit; retained engineering focus
- Market Share: 5 percent pre-sale industrial automation
- Presence: India, UAE, Southeast Asia
6. L&T-Sargent & Lundy Limited
- Acquisition Year: 1995
- Acquisition Cost: ₹8 crore
- About: JV in energy consulting and design
- Strategic Benefit: Entry into foreign power consulting
- Market Share: 4 percent in global energy consulting
- Presence: India, USA, Middle East
The chart below shows L&T Group’s Global Acquisition Costs
The table below shows the Estimated Market Share of L&T’s Foreign Entities
L&T Group’s International Businesses – Foreign Companies Owned
L&T Group operates globally through subsidiaries like L&T Technology Services, L&T Hydrocarbon Engineering, and L&T Infrastructure FZE. These entities handle engineering, energy, infrastructure, and automation projects across the Middle East, Africa, and Southeast Asia, enhancing L&T’s international presence in design, execution, and consulting services.
L&T Technology Services Ltd.
L&T Technology Services provides engineering R&D services through global delivery centers. Specializing in digital engineering, plant design, and product lifecycle solutions, it serves clients in North America, Europe, and Asia, contributing significantly to L&T’s international footprint in outsourced engineering and innovation support.
L&T Infrastructure Development Projects
L&T Infrastructure Development Projects focuses on large-scale overseas investments in roads, bridges, ports, and metro systems. It executes public-private partnerships globally, enhancing L&T’s reputation as a world-class infrastructure builder with long-term assets in Asia, the Middle East, and select African markets.
Larsen & Toubro International FZE (UAE)
Larsen & Toubro International FZE, based in the UAE, manages L&T’s international business development. It facilitates EPC contracts, trade operations, and strategic partnerships in the Gulf and Africa, positioning L&T as a key infrastructure and industrial services provider in global markets.
L&T Hydrocarbon Engineering
L&T Hydrocarbon Engineering executes complex oil, gas, and petrochemical projects across the Middle East and Africa. It delivers turnkey EPC solutions, including refineries and offshore platforms, bolstering L&T’s energy presence in international markets through innovation, safety, and cost-effective engineering.
L&T Electrical & Automation
L&T Electrical & Automation, before being sold to Schneider Electric, operated globally in energy management, industrial automation, and smart metering. With manufacturing and marketing units across Asia and the Middle East, it played a crucial role in L&T’s international automation and power systems portfolio.
L&T-Sargent & Lundy Limited
L&T-Sargent & Lundy Limited is a joint venture with the US-based Sargent & Lundy. It offers engineering consulting for thermal, nuclear, and renewable energy projects. This collaboration expands L&T’s access to international clients seeking detailed design and project advisory services for large-scale energy assets.
L&T’s Acquisition Timeline
The chart below shows L&T’s Acquisition Timeline.
Who Owns the L&T Group? Family & Business Background
L&T Group, unlike many Indian conglomerates, is not family-owned. It is a professionally managed company with no single promoter group. The majority of its shares are held by institutions such as LIC, mutual funds, and foreign investors, ensuring corporate governance and strategic neutrality.
Founded in 1938 by Danish engineers Henning Holck-Larsen and Søren Kristian Toubro, L&T grew from a small engineering firm into a global giant in infrastructure, technology, and defense. The founders prioritized professionalism and ethics, laying the foundation for L&T’s long-standing reputation as a trust-driven, institutionally controlled organization in Indian industry.
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What Are the Major Foreign Companies Owned by the L&T Group? – Quick Summary
- L&T Group manages international businesses through subsidiaries like L&T Technology Services and Hydrocarbon Engineering. Its operations span infrastructure, automation, and engineering across the Middle East and Africa, with strategic joint ventures like L&T-Sargent & Lundy enhancing global technical reach.
- Founded in 1938, L&T is a major Indian multinational headquartered in Mumbai. It operates in construction, defense, technology, and engineering across more than 30 countries, delivering complex infrastructure and industrial projects on a global scale.
- L&T’s global presence includes L&T Technology Services, Hydrocarbon Engineering, and Infrastructure FZE. These subsidiaries execute engineering, energy, and automation projects in the Middle East, Southeast Asia, and Africa, strengthening the company’s role in global design and EPC contracting.
- L&T is a professionally run, publicly listed company with no promoter ownership. Its shares are held by institutions like LIC and mutual funds, ensuring strong governance, independent management, and neutrality across its expansive international business operations.
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L&T Group and Its Major Foreign Subsidiaries – FAQs
L&T’s first significant foreign acquisition was a stake in L&T-Sargent & Lundy Limited in 1995, a joint venture with the U.S.-based Sargent & Lundy. This gave L&T a global entry into energy consulting and engineering design services for international power infrastructure projects.
L&T has invested over ₹2,000 crore through L&T Hydrocarbon Engineering for executing international oil and gas projects. These investments support EPC contracts, refineries, and offshore structures in regions like the Middle East, Africa, and Southeast Asia, strengthening L&T’s global energy portfolio.
L&T operates through at least six key international subsidiaries, including entities in the UAE, USA, and Southeast Asia. These include L&T Technology Services, L&T Hydrocarbon Engineering, L&T International FZE, and the L&T-Sargent & Lundy JV, managing global engineering, construction, and consulting projects.
L&T holds approximately 5–8% market share in the Middle East and Asian EPC (Engineering, Procurement, Construction) segments. Its strong execution in infrastructure, energy, and industrial projects positions it among the top international EPC contractors from India operating abroad.
L&T is institutionally owned and professionally managed, with no promoter family. Major shareholders include LIC, mutual funds, and foreign institutional investors. This structure ensures neutral governance, operational transparency, and strategic autonomy across global infrastructure, technology, and defense operations.
L&T generates more than ₹25,000 crore annually from international operations. Key contributors include hydrocarbon projects in the Middle East, engineering exports, and consulting revenues from joint ventures, making global business a substantial part of the group’s overall revenue.
L&T expanded globally by securing large infrastructure and energy contracts, setting up subsidiaries like L&T International FZE, and forming JVs. Its reputation for quality execution and project management allowed it to establish a lasting footprint across Asia, Africa, and the Gulf.
L&T has invested over ₹10,000 crore in the Middle East, covering EPC hubs, fabrication yards, and infrastructure operations. Its regional offices and subsidiaries handle metro, oil, and power projects, solidifying the group’s role as a trusted engineering partner in the Gulf.
L&T owns international brands and JVs like L&T-Sargent & Lundy, global delivery centers under L&T Technology Services, and had operations like L&T Electrical & Automation (sold to Schneider). Its assets span consulting, EPC, automation, and defense-related manufacturing units worldwide.
L&T has delivered large-scale metro systems, refineries, smart city projects, and offshore structures globally. It has established India’s engineering prowess on the world stage, known for timely delivery, quality execution, and adapting to complex projects across continents and harsh terrains.
Adani Group reshaped global energy and infrastructure through investments in ports, coal, renewables, and trading hubs across Australia, UAE, and Africa. Its aggressive expansion supports energy security, green power growth, and logistics connectivity for emerging markets and global supply chains.
Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
