JACKPOT for L&T boss, Subrahmanyan sees remuneration jumps of 50 percent after…, earns Rs 760000000 pay in…, his net worth is…

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.

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