Latest news with #Subrahmanyan
India.com
3 days ago
- Business
- India.com
JACKPOT for L&T boss, Subrahmanyan sees remuneration jumps of 50 percent after…, earns Rs 760000000 pay in…, his net worth is…
SN Subrahmanyan (File) New Delhi: S N Subrahmanyan, chairman and Managing Director of Larsen & Toubro (L&T), witnessed a remuneration hike of nearly 50 percent in the financial year 2024–25. According to the company's latest annual report, Subrahmanyan received a total compensation of Rs 76.25 crore in FY25, up from Rs 51.05 crore in FY24. This massive increase was attributed to employee stock options (ESOPs) exercised during the year, valued at Rs 15.88 crore. Notably, no ESOPs were exercised by him in the previous financial year. Whole-time Director and Chief Financial Officer R Shankar Raman earned Rs 37.33 crore in FY25. Deputy Managing Director and President Subramanian Sarma received Rs 44.55 crore for the same period. The annual report highlighted that the remuneration of key managerial personnel reflects the company's strong performance, and the rewards are in line with industry benchmarks. Story in short: S N Subrahmanyan, chairman and Managing Director of Larsen & Toubro (L&T), witnessed a remuneration hike of nearly 50 percent in the financial year 2024–25. Whole-time Director and Chief Financial Officer R Shankar Raman earned Rs 37.33 crore in FY25. Deputy Managing Director and President Subramanian Sarma received Rs 44.55 crore for the same period. Subrahmanyan and his association with Larsen and Toubro Subrahmanyan joined the construction business of L&T in 1984 He joined as a project planning engineer after completing a degree in civil engineering and post-graduation in business management. The L&T construction business has grown multifold under his leadership It ranked among the top 25 global contractors after Subramanyan joined the company In 2011, Subrahmanyan was inducted into the L&T board. Under Naik's leadership, L&T transformed into a USD 17 billion group with presence not only in engineering and construction but also in technology, manufacturing and financial services operating in over 30 countries. About Larsen and Toubro Indian multinational firm Larsen & Toubro operates in over 50 countries across the globe. The company is currently engaged in EPC Projects, Hi-Tech Manufacturing and Services. According to L&T, it was the first company in India in the engineering and construction space to publicly disclose its sustainability performance. Founded in 1946 by two Danish engineers, Henning Holck-Larsen and Soren Kristian Toubro, L&T has been involved in the production of a range of hardware for every project of Indian Space Research Organisation (ISRO), including the Chandrayaan, Gaganyaan, and Mars Orbiter missions. L&T started out as a private company but became a publicly listed firm in 1950, and over the years, leading business tycoons like Anil Ambani and Kumar Mangalam Birla, have tried to acquire it.
News18
5 days ago
- Business
- News18
L&T chairman remuneration jumps 50 pc to Rs 76.25 cr in FY25
New Delhi, Jul 17 (PTI) The remuneration of Larsen & Toubro Chairman S N Subrahmanyan, who came into the spotlight months ago for endorsing a 90-hour work week, increased by almost 50 per cent to Rs 76.25 crore in FY25 over FY24. According to the company's annual report, the rise was mainly on account of stock options exercised during the year. Subrahmanyan was paid a remuneration of Rs 51.05 crore in 2023-24. The value of employee stock options (ESOP) exercised by the chairman during the last financial year stood at Rs 15.88 crore. In comparison, it was zero in 2023-24. The report further said that while the remuneration of the company's Whole-time Director and CFO R Shankar Raman stood at Rs 37.33 crore in FY25, Subramanian Sarma, the Deputy Managing Director & President of the infrastructure major, earned Rs 44.55 crore. The Larsen & Toubro chairman, a few months back, sparked an online outrage with his comments advocating a 90-hour work week and suggesting that employees should even give up Sundays. In response, the company had issued a statement clarifying that his comments were intended to highlight the importance of 'extraordinary effort" for achieving remarkable results, and not to pressure employees into extended working hours. PTI SID MR MR MR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 17, 2025, 19:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
5 days ago
- Business
- Time of India
Rs 76 crore pay for L&T boss: Chairman Subrahmanyan's remuneration jumps 50% after ESOP windfall in FY25
S N Subrahmanyan, Chairman of Larsen & Toubro, saw his pay rise significantly. His remuneration reached Rs 76.25 crore in FY25. This is a nearly 50 per cent increase from the previous year. The rise is mainly due to stock options. His earlier comments about a 90-hour work week had sparked controversy. Tired of too many ads? Remove Ads Larsen & Toubro (L&T) Chairman and Managing Director S N Subrahmanyan saw his remuneration rise by nearly 50% in the financial year 2024–25, largely due to gains from stock to the company's latest annual report, Subrahmanyan received a total compensation of Rs 76.25 crore in FY25, up from Rs 51.05 crore in FY24. The sharp increase was attributed to employee stock options (ESOPs) exercised during the year, valued at Rs 15.88 crore. Notably, no ESOPs were exercised by him in the previous financial report also detailed the pay packages of other top executives. Whole-time Director and Chief Financial Officer R Shankar Raman earned Rs 37.33 crore in FY25. Deputy Managing Director and President Subramanian Sarma received Rs 44.55 crore for the same annual report highlighted that the remuneration of key managerial personnel reflects the company's strong performance, and the rewards are in line with industry from PTI
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Business Standard
17-06-2025
- Business
- Business Standard
Seeing strong growth amid global uncertainties: L&T's S N Subrahmanyan
Despite global uncertainty due to ongoing wars and supply chain disruptions, consistent order inflows from West Asia and rapid infrastructure investments in India are driving L&T's growth, its Chairman and Managing Director (CMD) S N Subrahmanyan said at the company's 80th Annual General Meeting (AGM) conducted online here on Tuesday. 'In India, strong government spending on infrastructure, and rising private investment in sectors like energy transition, data centres, semiconductors, and healthcare signal positive momentum,' the CMD said. 'Despite global uncertainty, your company delivered strong growth across key performance metrics. Group order inflows for the year (2024-25, or FY25) reached ₹3.57 trillion, up 18 per cent year-on-year (Y-o-Y), driven by order wins in infrastructure and energy sectors. Like the previous year, continued capex in the Gulf countries drove international order wins, which exceeded domestic order wins for the second year in a row,' Subrahmanyan said, adding that the company was keeping a close watch on the emerging Israel-Iran war situation. The CMD described FY25 as a transformational year shaped by geopolitical shifts, emerging technologies, climate challenges, and supply chain disruptions. 'Amid these complexities, L&T demonstrated resilience by embracing digital tools, enhancing execution capabilities, and offering sustainable solutions,' he said. The company ended the year with a record-high order book of ₹5.79 trillion, up 22 per cent Y-o-Y, with international orders accounting for 46 per cent of the total. Group revenues rose 16 per cent to ₹2.56 trillion, and net profit climbed 15 per cent to ₹15,037 crore during the year. Improved margins and reduced capital intensity lifted return ratios while continued deleveraging brought down the net debt-to-equity ratio to 0.6x from 0.64x a year earlier. Subrahmanyan said much of the group's debt was now concentrated in L&T Finance, the group's non-banking financial arm. He reaffirmed L&T's focus on shareholder value creation through prudent capital allocation, strategic divestment of non-core assets, and investment in high-growth areas, such as energy transition and digital platforms. The company's infrastructure business continued to anchor its growth, with the successful completion of multiple complex EPC (engineering, procurement, and construction) projects in India and abroad. In the energy segment, L&T has restructured its operations into four verticals — Hydrocarbon Onshore, Hydrocarbon Offshore, CarbonLite Solutions, and Green & Clean Energy — to align better with execution environments and strategic priorities. The offshore unit secured the company's largest-ever order in West Asia while the rebranded CarbonLite Solutions focused on carbon capture technologies, nuclear turbine island systems, and pumped hydro storage. The Green & Clean Energy business was building a scalable ecosystem around renewables, reflecting the company's commitment to global decarbonisation efforts, he said. On the services side, Subrahmanyan said LTIMindtree has emerged as India's sixth-largest information technology (IT) firm, enabling digital transformation for global clients, while L&T Technology Services has expanded its global presence with acquisitions in platform engineering, artificial intelligence (AI), and software product development.
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Business Standard
17-06-2025
- Business
- Business Standard
L&T sees strong growth despite global uncertainty, conflict, supply shocks
Chairman S.N. Subrahmanyan says L&T saw robust order inflows and record profits in FY25 amid geopolitical tensions, infrastructure demand and digital expansion Dev Chatterjee Mumbai Listen to This Article Despite global uncertainty due to ongoing wars and supply chain disruptions, consistent order inflows from West Asia and rapid infrastructure investments in India are driving L&T's growth, its Chairman and Managing Director (CMD) S N Subrahmanyan said at the company's 80th Annual General Meeting (AGM) conducted online here on Tuesday. 'In India, strong government spending on infrastructure, and rising private investment in sectors like energy transition, data centres, semiconductors, and healthcare signal positive momentum,' the CMD said. 'Despite global uncertainty, your company delivered strong growth across key performance metrics. Group order inflows for the year (2024-25, or FY25) reached ₹3.57
