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L&T Finance Reviews

Mumbai, Maharashtra

4.0/ 5

1 review

L&T Finance Limited (LTF), headquartered in Mumbai, is a leading upper-layer Non-Banking Financial Company (NBFC) in India and the financial services arm of the prominent engineering and construction conglomerate, Larsen & Toubro Limited (L&T). Established in 1994, the company was originally incorporated as L&T Capital Holdings Limited, later renamed L&T Finance Holdings Limited, and eventually rebranded as L&T Finance Limited to reflect its unified operational structure. As a crucial subsidiary, the company remains 66.16% owned by L&T, benefiting from shared branding, regular capital infusions, and active board-level oversight from top L&T executives, including Non-Executive Chairman S.N. Subrahmanyan and Non-Executive Director R. Shankar Raman. Day-to-day operations are led by Managing Director and CEO Sudipta Roy. The company offers a diverse suite of retail, rural, and wholesale lending solutions, serving a database of approximately 2.6 crore customers. Under its 'Lakshya 2026' strategic framework, L&T Finance has rapidly transitioned into a digital-first, digital-native lender, successfully expanding its granular retail loan portfolio to comprise roughly 97% to 98% of its total assets under management (AUM), which crossed INR 102,314 crore. Its extensive distribution infrastructure spans a nationwide network of over 14,000 partner touchpoints and branches, establishing a physical and digital presence across 100+ cities and over 2,00,000 villages. L&T Finance’s core business segments are broadly categorized into Urban Finance, Rural Business Finance, and Farmer Finance. In the urban sector, the company provides personal loans, home loans, loans against property (LAP), and two-wheeler financing, alongside specialized commercial lending such as small and medium-sized enterprise (SME) loans, supply chain financing, and professional loans tailored for doctors and chartered accountants. Its rural operations focus heavily on driving financial inclusion through Micro Finance and Rural Group Loans (such as the Vikaas, Vishwas, and Pragati loan products) tailored primarily for women entrepreneurs. In farmer finance, it maintains a dominant market position in farm equipment and tractor loans. Additionally, the company offers gold loans—a segment strengthened by its acquisition of Paul Merchants Finance's gold loan business—and cross-sells third-party life, health, and general insurance products. Financially, L&T Finance is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the ticker symbol LTF. Backed by strong internal accruals and a diversified resource profile spanning bank loans, non-convertible debentures (NCDs), and commercial paper, the company consistently secures the highest 'AAA' credit rating from four premier rating agencies. It also earns robust evaluations for its Environmental, Social, and Governance (ESG) performance, including an 'A' rating from MSCI and a 'Low Risk' assessment from Sustainalytics, reflecting its commitment to sustainable corporate practices and impactful corporate social responsibility (CSR) initiatives like the Digital Sakhi financial literacy project.