Founder Profile
Larsen & Toubro
Last reviewed: October 2026 · By Swet Parvadiya
Who is Larsen & Toubro?
Larsen & Toubro is a founder of LTM (formerly LTIMindtree), which was founded in 1996 with Subroto Bagchi.
- Company founded
- LTM (formerly LTIMindtree)
- Founded
- 1996
- Co-founders
- Subroto Bagchi
Background
A diversified engineering, construction, manufacturing and technology group, and one of India's largest industrial companies.
Founding Story
Larsen & Toubro, the Mumbai-based engineering and construction group founded in 1938 by Danish engineers Henning Holck-Larsen and Søren Kristian Toubro, set up L&T Information Technology in 1996. That unit became Larsen & Toubro Infotech (LTI), which listed in 2016. L&T took control of Mindtree in 2019, merged it into LTI in November 2022 to form LTIMindtree, and still holds about 68.6% of the company, now called LTM. (Exact birth year remains publicly undisclosed).
Sources
This profile does not yet cite a source specific to Larsen & Toubro. The sources below document the company company rather than the person, so check them against the claims above.
- LTM Q4 & FY26 earnings release and fact sheet (LTM (formerly LTIMindtree))
- The Economic Times - LTM Q4 profit rises 18.8% YoY to Rs 1,341 crore (LTM (formerly LTIMindtree))