Larsen & Toubro (L&T) was founded in 1938 in India as a partnership firm by two Danish engineers, Henning Holck and Soren Kristian Toubro. It was converted to a private limited company in 1946 and then a public limited company in 1950. Headquartered in Mumbai, L&T is a major technology, engineering, construction, manufacturing and financial services conglomerate with business activities spanning engineering, construction, electrical and electronics, IT and financial services.