Larsen & Toubro has announced that Subramanian Sarma who has been Whole-time Director & Sr. EVP Energy is elevated as Wholetime Director & President, Energy with immediate effect. He will continue with his current responsibilities towards Hydrocarbon, Power, and Green Mfg. & Development businesses.

A graduate in Chemical Engineering, Sarma completed his master’s from IIT Mumbai. A seasoned professional, he has over 40 years of experience, with 30 years being in the Middle East. During his career span, Sarma has handled the complete Oil & Gas value chain across various geographies. Prior to joining L&T, he served as Managing Director of a large EPC company.

Sarma joined the L&T Board in August 2015 and has been leading Hydrocarbon Business since then. Under his leadership, Hydrocarbon Business has emerged as one of the leading EPC Contractor globally, achieving record financial results and also being ranked among the top 3 EPC contractors in the Oil & Gas Sector (Middle East) for four consecutive years.

Larsen & Toubro also announced that R Shankar Raman who has been Sr.EVP, Whole-time Director & CFO is elevated as President, Whole-time Director & CFO with immediate effect.

Raman joined L&T Group in November 1994 to set up L&T Finance Limited, a wholly owned Subsidiary. He later assumed the role of CFO at L&T and was appointed to the Board in October 2011. As CFO of L&T, he plays a pivotal role in shaping the company's financial strategy, driving growth initiatives, and ensuring financial sustainability in a dynamic business environment. He is widely respected in the industry for his professionalism, integrity, and dedication to excellence.

With a background in finance and accounting, Raman has a deep understanding of the intricacies of corporate finance, mergers and acquisitions, capital management, and risk assessment. He is known for his strategic vision and ability to navigate complex financial landscapes, contributing significantly to L&T's growth and success.

Raman is a qualified Chartered Accountant and a Cost Accountant. Over the past 40 years, Mr. Shankar Raman has worked for leading listed corporates in varied capacities in the field of finance.