About the Company

L&T Finance Limited (formerly known as L&T Finance Holdings Limited) is a subsidiary of Larsen & Toubro Limited and is registered with the Reserve Bank of India as a non-deposit taking Systemically Important NBFC; on January 16, 2025, it was categorised by RBI in the Upper Layer under Scale Based Regulation for NBFCs . The Company was incorporated in 2008 and reports on a consolidated basis as a listed entity on BSE and NSE . Marking “over three decades” of purpose-led financial services, L&T Finance positions itself among India’s foremost NBFCs, delivering customer-oriented, technology-driven offerings under its Lakshya 2026 strategic framework  .

What the company does: L&T Finance provides retail lending solutions across rural and urban India through four primary businesses—Rural Business Finance (Rural Group Loans and Micro Finance (JLG), Rural LAP), Farmer Finance (Farm Equipment Finance, Agri-Allied Finance), Urban Finance (Two-Wheeler Finance, Personal Loans, Home Loans and Loan Against Property) and SME Finance (loans to professionals and traders) . The Company operates nationally with 2,296 branches (including rural locations) and serves around 2,00,000 villages, with 84 Per cent of self-service transactions now facilitated via its PLANET App  . It had a presence across 21 states and 2 union territories as of FY25, with operations only in India and no foreign branches or operations  .

Subsidiaries: The Company has three subsidiaries (all wholly owned)  .

Key milestones include RBI’s “Upper Layer” categorisation, scaled digital adoption through PLANET, and deployment of AI-led underwriting engines under its technology-first approach   .

Business Segments

– Retail business: 97 Per cent of total turnover (FY 2024–25) .

– Geography: India – 100 Per cent; the Company has no branches/operations outside India, and revenue from contracts with customers is from India  .

Key Management

– S. N. Subrahmanyan – Chairman and Non-Executive Director .

– Sudipta Roy – Managing Director and Chief Executive Officer .

– Sachinn Joshi – Chief Financial Officer .

– Raju Dodti – Chief Operating Officer .

– Sonia Krishnankutty – Chief Executive – Rural Business Finance .

– Asheesh Goel – Chief Executive – Farmer Finance .

– Jinesh Shah – Chief Executive – Urban Secured Assets & Third Party Products .

– Abhishek Sharma – Chief Executive – SME Finance .

– Apurva Rathod – Company Secretary and Chief Sustainability Officer .

– Santosh B. Parab – General Counsel .

Latest Updates

– RBI classified L&T Finance in the “Upper Layer” of NBFCs under SBR on January 16, 2025 .

– Operationalised ‘Project Cyclops’, an AI/ML-powered underwriting engine, across the Two-Wheeler Finance business; piloted in Farm Equipment Finance, with ‘Project Nostradamus’ (AI-driven portfolio management) under development .

– Announced foray into the gold loan business and proposed acquisition of the gold loan business undertaking of Paul Merchants Finance Pvt. Ltd.; the move adds ~1,00,000 customers and 130 branches across 11 states, along with 700 employees  .

– Expanded digital partnerships with Amazon Pay, CRED and PhonePe to accelerate sourcing and lending journeys .

– Maintained the highest ‘AAA’ long-term credit ratings across key agencies (CRISIL, ICRA, India Ratings and CARE) .

– Achieved strong digital traction: 84 Per cent self-service transactions via PLANET; showcased AI capabilities at national events; expanded reach to ~2,00,000 villages .