L&T was founded in Bombay (Mumbai) in 1938 by two Danish engineers, Henning Holck Larsen and Soren Kristian Toubro. Both of them were strongly committed to developing India's engineering capabilities to meet the demands of industry. Beginning with the import of machinery from Europe, L&T rapidly took on engineering and construction assignments of increasing sophistication. Today, the company sets global engineering benchmarks in terms of scale and complexity. Larsen & Toubro (L&T), headquartered in Mumbai (Maharashtra), is a technology-driven engineering and construction organisation and one of the largest companies in India’s private sector. L&T has licenses for manufacture and supply of a wide range of defence products after the Government of India’s decision to open up defence production to the private sector. The licenses issued to L&T cover the design, development, and manufacture of warships, submarines, weapon platforms & launchers, field & air defence guns, anti-tank weapon systems, missiles, rockets, torpedoes, land / naval mines, including associated systems and subsystems, RADAR, SONAR, sensors, armoured and combat vehicles, airborne assemblies, systems and equipment for aircraft, helicopters, UAVs, etc.