Be ready for 'massive changes' in ecosystem: SN Subrahmanyan

In his first letter to the employees of Larsen & Toubro (L&T) Group after assuming charge as chairman and managing director, S N Subrahmanyan, said the world is going through massive changes in terms of ecosystem, energy change, sustainability as a way of life and they must be future ready.

"The future is closer than you think. There are basic and massive changes occurring in the ecosystem, energy change, sustainability as a way of life and digitalisation is impacting every aspect of business. We must be future ready," said S N Subrahmanyan, in his letter to the employees after taking charge of L&T on October 1.

He added that the company can't afford to rest on its laurels for its customers will continue seeking excellence from it every day.

He also thanked A M Naik, the former Chairman of L&T, and board members for reposing their faith in him. Naik stepped down as Non-Executive Chairman of L&T on September 30, passing on the baton of the $23-billion conglomerate to Subrahmanyan.

Subramanyan said that the organisation has a strong legacy of transforming lives as their work is woven into the very fabric of life, and it is for each one of them to put a mark on the future that they must build together.

“We must believe in the power of brand L&T and need to do whatever is required to do our best to work, lead and help to drive the value systems of the culture that is associated with the same," he said.