L&T Finance Ltd - Company Profile
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L&T Finance Ltd, formerly L&T Finance Holdings Ltd (LTFH), a subsidiary of Larsen & Toubro Limited, is a non-deposit-taking and non-banking financial company that offers lending solutions. The company offers financing solutions for rural and urban customers. It offers financing for two-wheelers, consumer goods, homes, farm equipment, women entrepreneurs, rural groups, real estate, and infrastructure. It provides financing for small and medium enterprises through term loans and overdraft facilities. It also offers loans against property, business loans and professional loans. LTFH has operational presence in major cities, urban and semi-urban locations across India. LTFH is headquartered in Mumbai, Maharashtra, India.
Headquarters
India
Address
Brindavan, Plot No. 177, C.S.T Road Kalina, Santacruz (East), Mumbai, Maharashtra, 400098
Website
www.ltfs.com
Telephone
91 22 62125553
No of Employees
27,506
Industry
Financial Services
Ticker Symbol & Exchange
L&TFH (NSE)
Revenue (2022)
$1.7B
8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
51.7%
(2022 vs 2021)
Market Cap*
$4.8B
Net Profit Margin (2022)
XYZ
40.5%
(2022 vs 2021)
* As of and is in US$
L&T Finance Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Loans: | Loan servicing |
| Consumer | |
| Two-wheeler | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Corporate Changes/Expansions | In March, the company changed its name to L&T Finance Limited. |
| 2024 | Financing Agreements | In March, the company signed a pact with JICA and Asia Development Bank for US$125 million to finance the marginal farmers, women entrepreneurs, women borrowers, MSMEs, and two-wheeler loans, and offer formal access to credit in rural and semi-urban India. |
| 2024 | New Products/Services | In March, the company introduced Super Bike Loans with an interest rate of 5.99 percent per annum. |
Competitor Comparison
| Key Parameters | L&T Finance Ltd | Bajaj Finance Ltd | Reliance Capital Ltd | Mahindra & Mahindra Financial Services Ltd | IIFL Finance Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Pune | Mumbai | Mumbai | Mumbai |
| State/Province | Maharashtra | Maharashtra | Maharashtra | Maharashtra | Maharashtra |
| No. of Employees | 27,506 | 43,147 | 18,360 | 26,329 | 33,910 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Sudipta Roy | Chief Executive Officer; Director; Managing Director | Executive Board | 2024 | - |
| Sachinn Joshi | Chief Financial Officer | Senior Management | - | - |
| Vinay Chhawchharia | Chief Risk Officer | Senior Management | 2023 | - |
| Rupa Rege Nitsure | Chief Economist | Senior Management | 2015 | - |
| Abhishek Sharma | Chief Digital Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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