L&T Accelerates Growth: Subramanian Sarma Elevated to Deputy Managing Director & President
Larsen & Toubro (L&T) has announced the promotion of Subramanian Sarma to Deputy Managing Director & President, effective April 2, 2025. Sarma's term is extended until February 3, 2028, subject to shareholders' approval. The company also re-appointed S.V. Desai and T. Madhava Das as Whole-time Directors. L&T's Board approved long-term borrowings of up to ₹12,000.00 crore. The company's Buildings & Factories vertical secured a large order from the Brigade Group for residential and commercial towers in Hyderabad and Chennai.

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Larsen & Toubro (L&T), India's leading engineering and construction conglomerate, has announced a significant change in its top management structure. The company's Board of Directors has approved the elevation of Subramanian Sarma to the position of Deputy Managing Director & President, effective April 2, 2025.
Key Highlights
- Subramanian Sarma promoted to Deputy Managing Director & President
- Sarma's term extended until February 3, 2028, subject to shareholders' approval
- L&T aims to accelerate growth and strengthen its leadership team
Leadership Transition
Mr. Sarma, a seasoned professional with over 40 years of experience in the oil and gas industry, has been instrumental in transforming L&T's Hydrocarbon and Energy businesses. His elevation signifies the company's confidence in his leadership abilities and vision for future growth.
S.N. Subrahmanyan, Chairman & Managing Director of L&T, expressed his confidence in Sarma's capabilities, stating, "Mr. Sarma has been instrumental in transforming our Hydrocarbon and Energy businesses, driving innovation, operational excellence, and global competitiveness. His elevation is well deserved, and I am confident that his leadership will further strengthen L&T's growth trajectory."
Sarma's Track Record
Under Sarma's leadership, L&T's Energy portfolio has emerged as one of the leading EPC contractors globally. Notable achievements include:
- Record financial results in the Energy sector
- Ranking among the top 3 EPC contractors in the Oil & Gas Sector (Middle East) for four consecutive years
Additional Board Appointments
In addition to Sarma's elevation, the L&T Board has also approved:
- Re-appointment of S.V. Desai as Whole-time Director from July 11, 2025, to July 4, 2030
- Re-appointment of T. Madhava Das as Whole-time Director for a five-year term effective July 11, 2025
These appointments are subject to shareholder approval at the upcoming Annual General Meeting.
Strategic Moves
L&T's decision to strengthen its leadership team comes at a time when the company is focusing on accelerating growth across its diverse portfolio. The company's resilient business model, strategic diversification, and commitment to innovation position it for sustained profitable growth in infrastructure, energy, industrial solutions, and services.
Financial Outlook
In a separate announcement, L&T's Board of Directors has approved long-term borrowings of up to ₹12,000.00 crore. This financial move is expected to support the company's growth initiatives and expansion plans.
Recent Business Wins
Demonstrating its continued market leadership, L&T's Buildings & Factories vertical has secured a large order from the Brigade Group for constructing residential and commercial towers in Hyderabad and Chennai. This project, which includes one of the tallest buildings in Hyderabad, marks the largest residential project the business has received from a private customer to date.
As L&T pushes forward with its growth strategy, the elevation of Subramanian Sarma and the recent business wins signal the company's strong positioning in the engineering and construction sector.
Historical Stock Returns for Larsen & Toubro
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+0.61% | +4.22% | +2.33% | -9.05% | -8.55% | +248.09% |