1. CA NIRAV CHIMANLAL SANGHAVI ICAI Membership Number - 122809 Category: CA Professional Achiever Sub Category: Engineering & Capital Goods sector Category: CA Professional Achiever Sub Category: Engineering & Capital Goods sector Manager (Finance & Accounts) Hydrocarbon IC (Vertical) Larsen & Toubro Limited

2. Turnover (Sales) of the Company: Turnover (Sales) of the Company: Rs. 64,960 Crores Rs. 64,960 Crores Net worth of the Company: Net worth of the Company: Rs. 29,387 Crores Rs. 29,387 Crores Market Capitalization of the Organization: Market Capitalization of the Organization: Mar 12 - Rs. 80,031 Crores Mar 12 - Rs. 80,031 Crores Sep 12 - Rs. 98,010 Crores Sep 12 - Rs. 98,010 Crores

3. KEY ROLE IN THE ORGANIZATION Responsible for compliance with new requirement of Cost Accounting Record Rules (CARR) & Cost Audit regulations issued by MCA u/s. 209(1)(d). Responsible for compliance with new requirement of Cost Accounting Record Rules (CARR) & Cost Audit regulations issued by MCA u/s. 209(1)(d). Financial Accounts – responsible for Consolidation of accounts including S&A Companies compliant with Revised schedule VI. Financial Accounts – responsible for Consolidation of accounts including S&A Companies compliant with Revised schedule VI. Handling Tax Audit & Transfer Pricing(TP) Handling Tax Audit & Transfer Pricing(TP) Responsible for SAP implementation for S&A Company – a JV with SapuraCrest - Malaysia Responsible for SAP implementation for S&A Company – a JV with SapuraCrest - Malaysia Accounting of 4 Subsidiary Companies Accounting of 4 Subsidiary Companies Others – XBRL, IGAAP conversion of foreign S&A, etc. Others – XBRL, IGAAP conversion of foreign S&A, etc.

4. MAJOR ACHIEVEMENTS Successful implementation of SAP ECC 6.0 for L&T-SapuraCrest JV. Successful implementation of SAP ECC 6.0 for L&T-SapuraCrest JV. Was first to complete audit and upload of XBRL financial of 8 S&A Companies of our division as per new requirement of MCA. Was first to complete audit and upload of XBRL financial of 8 S&A Companies of our division as per new requirement of MCA. Timely compilation of data for TP Audit for the A.Y. 2011-12, (international transaction value with 8 S&A Cos. – Rs. 236 crores) including brief note summarising the transactions and justification for ALP well appreciated by Auditors. Timely compilation of data for TP Audit for the A.Y. 2011-12, (international transaction value with 8 S&A Cos. – Rs. 236 crores) including brief note summarising the transactions and justification for ALP well appreciated by Auditors. Details of TP Assessment for A.Y. 2008-09 provided and assessment completed with out any additions to income (total international transaction value – Rs. 63 crores). Details of TP Assessment for A.Y. 2008-09 provided and assessment completed with out any additions to income (total international transaction value – Rs. 63 crores). Details for TP Assessment for A.Y. 2009-10 provided for timely completion of assessment (total international transaction value – Rs. 130 crores). Details for TP Assessment for A.Y. 2009-10 provided for timely completion of assessment (total international transaction value – Rs. 130 crores). Ensuring timely completion and input to Corporate of quarterly / annual financial accounts for IC as a whole (incl. S&A Companies). Ensuring timely completion and input to Corporate of quarterly / annual financial accounts for IC as a whole (incl. S&A Companies). Professional development by attending 2 days seminar on CARR & cost audit and 9 Saturdays extensive study course on transfer pricing by BCA. Cont…. Professional development by attending 2 days seminar on CARR & cost audit and 9 Saturdays extensive study course on transfer pricing by BCA. Cont….

5. MAJOR ACHIEVEMENTS – Cost Accounting Record Rules Took the lead in CARR implementation & identified concepts, formats applicable to L&T - Hydrocarbon IC. Took the lead in CARR implementation & identified concepts, formats applicable to L&T - Hydrocarbon IC. Effectively managed through extensive coordination with Cost Auditors & Corporate costing team as there are two different software platforms viz. SAP & EIP within the group and coordination with multiple locations viz. Mumbai, Baroda, Chennai & Surat and ensured timely compliance. Effectively managed through extensive coordination with Cost Auditors & Corporate costing team as there are two different software platforms viz. SAP & EIP within the group and coordination with multiple locations viz. Mumbai, Baroda, Chennai & Surat and ensured timely compliance. Developed excel based mapping of SAP GLs to Hyperion (consolidation software L&T) and further to cost heads in Abridged cost statement. Developed excel based mapping of SAP GLs to Hyperion (consolidation software L&T) and further to cost heads in Abridged cost statement. Calculation of recovery rates based on cause & effect relationship & benefits received Calculation of recovery rates based on cause & effect relationship & benefits received Taking advantage of SAP relationship between WBS & Cost centers and their assignment to profit center to get product / project wise cost statements. Taking advantage of SAP relationship between WBS & Cost centers and their assignment to profit center to get product / project wise cost statements. Analysis of reconciliation items between cost & financial accounts into: Analysis of reconciliation items between cost & financial accounts into: –difference in accounting principles, –inefficiency, –external factors e.g. Forex and arranging for process improvements. and arranging for process improvements.