L&T

Mumbai, Maharashtra, India

L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFC), is proud to announce the completion of 30 years of trusted excellence. It was started in 1994; the Company has established itself as a diversified retail NBFC. LTF was publicly listed on BSE and NSE in 2011.

 

L&T Finance Ltd. unveils a new logo to mark 30 years of successful operations and trusted excellence

LTF leads in three Product Finance segments namely, Rural Business Finance, Farm Equipment Finance, and Two-wheeler Finance. This success is attributed to the Company’s strong pan-India retail franchise, with a distribution network reaching around 2 lakh villages through more than 1,900 rural meeting centers and over 167 urban branches, supported by over 13,200 distribution points developed over the last decade. LTF serves a substantial customer base of over 2.5 crore individuals, employing effective cross-selling and up-selling strategies to enhance customer engagement and deliver tailored financial solutions.

As of the second quarter of the current financial year, its customer portfolio is evenly split, with 47% in rural areas and 53% in urban areas. LTF has more than 35,000 employees and is present in 20 states and two union territories. LTF offers 100% paperless journey and digital loan disbursals across urban and rural areas.

Speaking on the occasion, Mr. Sudipta Roy, Managing Director & CEO at LTF said, “At LTF we have leveraged digital transformation to create seamless and accessible financial solutions for our customers, whether they reside in urban centres or remote villages. As we look forward, our focus will be more granular, refreshing the product category, enhancing compliance structure, operations, culture building, etc. We are excited to continue our mission of enhancing financial accessibility and literacy while consistently pushing the boundaries of customer experience.”

As of the second quarter, LTF recorded a Profit After Tax of Rs. 696 Crore (Consolidated), up 17% Year-on-Year (YoY). The retail book stood at Rs. 88,975 Crore, reflecting a YoY growth of 28%. Also, the Company has recorded quarterly retail disbursements of Rs. 15,092 Crore, up 12% YoY.

LTF holds an ‘AAA’ rating from CRISIL, ICRA, CARE, and India Ratings, highlighting its strong financial stability and creditworthiness. Additionally, it is classified as an upper-layer NBFC according to the RBI classification. LTF has also been honoured as a Great Place to Work® in 2024. Through its CSR initiatives focused on Digital and Financial Inclusion, LTF has reached over 46 lakh community members through more than 2,000 Digital Sakhis.

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