L&T group makes use of high quality working culture. The company is regulated by a solitary board which is responsible for making perfect policies and supervisions when actual policies are implemented in group. All the company directors are responsible for shaping the working patterns in the group and guide the individuals working for group in a predetermined path. In addition to that, company works according to the regulations of professionalism towards the working modules and organization (Siddiqui, 2006).
In order to build perfect working pattern the management of L&T infrastructure finance company limited formed different committees in group such as,
- Investment and Credit Committee
- Management Committee
- Audit Committee
- H.R. & Nomination Committee
- Asset Liability Management Committee
- Risk Management Committee
For effective working in business area company maintains perfect credit policies and implement according to the effectiveness of initiated operation in the business fields (Larsen and Toubro, 2010).
Further company is very much efficient in managing the investments and credits with help of strong board of directors listed in the group. In further process of working in group before accepting any project in the company different teams initially works on estimating the project strength and other issues such as investments etc. such analysis help to group to have an overall content report on the project efficiently. Once company accepts the project it determines the size of project based on finding predicted in the analyzing process. Further in order to increase the stability of work in company makes use of internal ratings in all the departments of group.
Such rating helps to calculate the efficiency of individuals in performing the tasks for the group essentially. Thus the working culture of L&T organization could be understood.
- Larsen and Toubro(2010), [internet] available at URL http://www.larsentoubro.com/lntcorporate/common/ui_templates/HtmlContainer.aspx?res=P_CORP_AABT_ACOM_BHIS [Accessed on march 19,2012
- Siddiqui S A (2006), Managerial Economics And Financial Analysis, New Age International Publishers, New Delhi]