| Our Company was originally incorporated as L&T Capital Holdings Limited on May 1, 2008 under the Companies Act, as a public limited company, to carry on the business of investment/finance. Our Company received the certificate of commencement of business on May 15, 2008. Our Company subsequently changed the name of our Company to L&T Finance Holdings Limited pursuant to a special resolution passed by the shareholders at a general meeting dated September 1, 2010. Pursuant to the change of name, a fresh certificate of incorporation was granted to our Company by the RoC on September 6, 2010.
Our Company was registered with the RBI under Section 45-IA of the Reserve Bank of India Act, 1934, as a non-banking financial institution without accepting public deposits by a certificate of registration no. N-13.01925 dated March 31, 2009.
The Company is promoted by Larsen & Toubro Limited as a holding company for its financial services business.
Main objects of our Company
"To carry on the business of Investment/finance Company in all its branches and to invest, sell, purchase exchange, surrender, extinguish, relinquish, subscribe, acquire, undertake, underwrite, hold, auction, convert or otherwise deal in any shares, stocks, debentures, debenture stock, bonds, negotiable instruments, hedge instruments, warrants, certificates, premium notes, treasury Bills, obligations, inter corporate deposits, call money deposits, public deposits, commercial papers, options futures, money market securities, marketable or non marketable securities, derivatives and other instruments and securities issued, guaranteed or given by any government, semi-government, local authorities, public
sector undertakings, companies, corporations, co-operative societies, trusts, funds, State, Dominion sovereign, Ruler, Commissioner, Public body or authority, Supreme, Municipal, Local or otherwise and other organisations/entities persons and to acquire and hold controlling and other interests in the securities or loan capital of any issuer, company or companies."
Key events and milestones of our Company and its Subsidiaries
Year Milestone
1994
L&T Finance was incorporated
L&T Finance commences business with focus on offering lease, hire purchase solutions
for SMEs
2004
L&T Finance starts financing of rural assets - tractors and farm equipments
2006-2007
L&T Infra was incorporated in 2006 and received its certificate of registration from the
RBI in 2007
L&T Finance starts financing of commercial vehicles
2008
L&T Finance makes foray into Microfinance
L&T Finance commences distribution of financial products
L&T Finance starts financing of capital market products
2009-2010
L&T Finance taps retail sources to raise funds for the first time - successful
back-to-back NCD issuances
2010
L&T Finance acquires DBS Cholamandalam Asset Management Limited and DBS
Cholamandalam Trustees Limited, foraying into mutual funds business
L&T Infra receives 'Infrastructure Finance Company' status from RBI
L&T Infra closes a public issue of long term infrastructure bonds
2011
L&T Infra closes a second public issue of long term infrastructure bonds
L&T Infra is notified as a PFI under Section 4A of the Companies Act by Government
of India.
Pre-IPO Placement of 57,768,000 Equity Shares and 2,232,000 Equity Shares to MACE
CIPEF Limited and MACE CGPE Limited, respectively, for an aggregate consideration
of ` 3,300,000,000 at a subscription price of ` 55 per Equity Share.
-Company has changed its name from L & T Capital Holdings Ltd. to L & T Finance Holdings Ltd.
2012
-L&T Finance Holdings announces entry in to Housing Finance
-L&T Finance Holdings has successfully completed the acquisition of Indo Pacific Housing Finance Ltd (IPHF)
-L&T Finance Holdings Ltd acquires FamilyCredit Ltd. from Societe Generale Consumer Finance
2013
-L&T Finance Holdings has acquired auto finance company Family Credit Ltd.
2014
- Board recommended a Dividend of Rs. 0.75/- per Equity Share.
2017
- L&T Finance Holdings wins Golden Peacock Award for Risk Management
- L&T Finance Holdings launches Micro Loans business in Bihar
- L&T Finance Holdings launches Micro Loans business in Assam
- L&T Finance among India's five most-valuable NBFC firms (Mint)
2018
- L&T Housing Finance revises its Prime Lending Rate
- L&T Finance Holdings featured in the Forbes India's Super 50 Companies 2018
2019
- L&T Finance Launches Sabse Khaas Loan for Two-Wheeler Customers
- L&T Finance Holdings and Apis Partners announce equity investment of up to US$ 110 million.
2020
- Business Standard Social Excellence Awards, 2019 - Socially Aware Corporate of the year for the scale and gender-inclusive work of its digital-literacy initiative in rural India, Digital Sakhi
- The Asset Triple A Asia Infrastructure Awards 2020
2022
-L&T Financial Services Partners with the Mumbai press club for Redink Awards 2022.
2023
-L&T Finance launched Warehouse Receipt Financing.
-L&T Finance launched customer-facing two-wheeler loan journey powered by PLANET app.
2024
-The Company name has changed to L&T Finance Ltd. from L&T Finance Holdings Ltd.
2025 - L&T Finance partners with Google Pay to launch personal loans. -L&T Finance Ltd. has informed the Exchange regarding Acquisition of the gold loan business of Paul Merchants Finance Private Limited.
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