L&T Finance Holdings Ltd. Company Profile : Products,Promoters and Clients

L&T Finance Limited Company

Headquartered in Mumbai, L&T Finance Limited, formerly known as L&T Finance Holdings Limited, is a leading Non-Banking Financial Company in India, offering a wide range of lending services to both served and underserved customers. Our offerings include Personal loans, Two-Wheeler loans, Home loans, Rural Business loans, Farm loans, and SME loans. 

Committed to providing tailored financial solutions, we prioritize innovation and customer-centricity, striving to be a trusted partner in our customers' financial journeys.

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Q1. What are the Product and service offerings of the L&T Finance Limited?

The company's product and service offerings span across urban and rural finance sectors. In urban finance, the company provides Housing Finance, Personal Loans, and 2-wheeler loans, catering to diverse needs in urban settings. 

On the other hand, in farmer finance, it offers farm equipment financing, SME Financing, Micro Loans, and Insurance solutions, addressing the unique requirements of rural communities. With a comprehensive range of financial products, the company aims to serve both urban and rural customers effectively, contributing to their financial well-being and growth.

Q2. Who are the Promoters/Management of the L&T Finance Limited?

Sudipta Roy, the Managing Director & CEO, brings over 24 years of experience in consumer banking and payments, with a background at ICICI Bank, Citibank, and Deutsche Bank. Recognized as a top influencer in digital finance and fintech, he holds expertise in consumer finance, retail loans, lending, and payments technology. 

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Roy has led initiatives in India, China, and Canada and actively participates in government and regulatory committees. He holds a Chemical Engineering degree from the Indian Institute of Technology, Kharagpur, and an MBA from XLRI School of Management, Jamshedpur.

Thomas Mathew T. is an Independent Director with four decades of leadership experience in India's Life Insurance and Reinsurance industry. He served as Managing Director & Chairman-In-Charge of Life Insurance Corporation of India and MD & CEO of Reinsurance Group of America for India, Sri Lanka, and Bangladesh. 

Mr. Mathew holds directorial positions in various companies including Larsen & Toubro Ltd., Mahindra & Mahindra Ltd., Tata Power Ltd., and IFCI Ltd., and serves on the boards of L&T Finance Ltd., ESL Steel Ltd., and LIC (International) B.S.C.(c), Bahrain. With qualifications in Management, Economics, and Law, he is known for his communication, relationship-building, and team management skills, and is a respected speaker at industry events.

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Q3. Who are the Clients of the L&T Finance Limited?

The company's diverse clientele encompasses various sectors, with farmer finance constituting 12.16% of total disbursements, reflecting its commitment to rural communities. Rural business finance accounts for a significant portion at 38.2%, indicative of the company's focus on supporting rural enterprises. Urban finance captures 36.284% of the loan book, catering to the financial needs of urban residents. 

Additionally, SME finance represents 6.5% of the total loan book, showcasing support for small and medium-sized enterprises. Lastly, wholesale finance, though a smaller segment at 3.6% of total disbursements, serves larger businesses, completing the spectrum of clientele the company serves across rural and urban landscapes.

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