This case describes the growth of L&T Limited as a whole and its business groups in particular since inception. Information on two major subsidiaries is also provided. The case is intended as a vehicle for analyzing and discussing issues in corporate growth. Examples of backward integration, possibilities for forward integration, plans for expansion (including overseas opportunities for diversification and synergistic growth) are all provided on the case of this single business house. The corresponding structural arrangements and changes in them over time, including development of management systems like planning and control, are also discussed. The case concludes with a brief statistical comparison of the parent company with a sample of eleven other leading engineering companies along the dimensions of sales, assets, profitability, etc. It also incorporates a supplement updating the performance up to September 1981.