Performance Appraisal Process at Larsen & Toubro Construction

L&T was one of the largest multinational firms and a leading construction company. The company was founded in 1938 in Mumbai, India, as a representative of Danish manufacturers of dairy equipment. The company grew rapidly over the years and expanded globally into more than 25 countries in Asia, Africa, North America, Oceania, and Europe. In terms of total income, L&T grew from Rs. 1019.75 billion in March 2016 to Rs. 1410.07 billion in March 2019. The net profit nearly doubled from Rs.55.34 billion in March 2016 to Rs. 102.37 billion in March 2019..