AFFIRMING their formidable leadership prowess and the stellar role they play in scripting success stories for the companies they head, the CEOs of various L&T verticals have been garnering accolades aplenty as a matter of course.
The latest is the Business Today-PricewaterhouseCoopers ranking, which ranked L&T Group CEO & MD, Mr S N Subrahmanyan, the Best CEO in infrastructure & engineering segment in India.
Announcing the ranking, Business Today declared that Mr Subrahmanyan “is constructing a new L&T that remains true to its core, yet takes on new stripes that make it a more relevant organisation for the times”, and that his “track record made it relatively easy for the jury to declare him the winner”.
Mr Subrahmanyan’s leadership expertise has been demonstrated in many ways – the rise of the services business within the Group with margins beefier than the core business, the 2019 acquisition of Mindtree, the growth of the formerly tiny solar EPC business, and the growing infrastructure and hydrocarbon businesses.
Having grown with L&T, which he joined in 1984, Mr Subrahmanyan has a solid grasp of the wheels within its wheels. Thanks to his leadership, L&T continues its upward trajectory – despite the impact of the pandemic. During this trying time, not only has the Company delivered mega projects on time but has won significant orders – including one for the bullet train project, which is India’s largest infrastructure order so far.
Apart from Mr Subrahmanyan, the CEO of an L&T Group Company has also been recognised by Business Today. LTI CEO Mr Sanjay Jalona has been ranked the Best CEO in the IT & ITeS sector.
Business Today spoke of how Mr Jalona created a niche through acquisitions and by streamlining the strategy for LTI. Under him, LTI developed an acquisitions-led growth strategy, completing seven acquisitions. Focusing on sectors in which LTI has a competitive advantage, 53% of the business today is accounted for by data, cloud and digital.
Under his leadership, LTI continues to innovate in a fast-changing industry and today has 72 large global clients – up from 49 in 2016. The number of clients valued at over $1 million has more than doubled from 85 to 187. Building talent at scale, LTI has increased its total headcount by 31% year-on-year.
