become one of the most successful Indian companies. After retirement, Holck-Larsen served as the chairman emeritus of the company. He used to call India his "adopted homeland" and divided his time between Denmark and India. He died in 2003 at the Breach Candy hospital, Mumbai. Awards and recognitions Ramon Magsaysay Award for International Understanding (1976) Knighthood from Queen Margrethe II of Denmark (1977) Sir Jehangir Ghandy Medal for Industrial Peace (1980) Chemtech Foundation's Chemical Industry Stalwart Award (2000) Bombay Management Association's Lifetime Achievement Award (2001) Citation from the Indo-European Union Business Summit for promoting business beyond boundaries (2002) Padma Bhushan (2002) for contribution to Indian industry. India Post issued a commemorative postage stamp of Rs 5.00 on 12 June 2008 References 1907 births 2003 deaths Larsen & Toubro 20th-century Danish businesspeople Danish expatriates in India People from Frederiksberg Businesspeople from Copenhagen Businesspeople from Mumbai Recipients of the Padma Bhushan in trade and industry Ramon Magsaysay Award winners