Larsen and Toubro is an India-based conglomerate, with diverse interests such as construction, hydraulic equipment, electrical and electronic power services, fertilizer projects, medical electronics, financial services and information technology. It generates almost 85% of its revenue from the construction business. Larsen & Toubro was founded in Mumbai in 1938 by two Danish engineers, Henning Holck-Larsen and Søren Kristian Toubro. Beginning with the import of machinery from Europe, the company rapidly took on engineering and construction assignments of increasing sophistication. Today, the company sets global engineering benchmarks in terms of scale and complexity. Apart from several offices in India, the company has offices in the USA, Europe, Middle East and Japan. The customer profile of the Engineering Construction & Contracts Division of L&T includes Samsung, Chevron, Bechtel, Kvaerner, Pirelli, Siam Michelin, Goodyear etc.