L&T Finance Holdings Ltd. (LTFH) is a financial holding company that provides a focused range of financial products and services across rural housing, wholesale finance, mutual fund products, and wealth management services. LTFH is promoted by Larsen & Toubro Ltd. (L&T), a prominent Indian company involved in engineering, construction, electrical and electronics manufacturing, IT, and financial services.
Established on May 1, 2008, as L&T Capital Holdings Ltd., the company underwent a name change to L&T Finance Holdings Ltd. on September 1, 2010. In 2011, it made its debut in the capital market with an initial public offer, and in 2012, it entered the housing finance sector through the acquisition of Indo Pacific Housing Finance Ltd. Additionally, the company acquired Fidelity’s mutual fund business in India and expanded into two-wheeler financing by acquiring Family Credit.
During the financial year 2020-21, LTFH fulfilled its funding requirements through various instruments such as NCDs, CPs, ICDs, and bank borrowings, while maintaining its AAA rating from rating agencies. Notably, in April 2021, L&T Infrastructure Finance Company Limited and L&T Housing Finance Limited were merged with LTFH.
In 2022-23, LTFH completed the sale of 100% of the paid-up share capital of L&T Investment Management Limited, a wholly-owned subsidiary and the asset manager of L&T Mutual Fund, to HSBC Asset Management (India) Private Limited on November 25, 2022.
Business Segments
L&T Finance Holdings Limited is a non-banking financial company (NBFC) in India that offers a wide range of financial products and services to individuals and businesses nationwide. The company's primary business segments include:
Housing Finance: L&T Finance Holdings is a leading housing finance company in India, providing a diverse range of home loan products to individuals and businesses. The company also offers loans against property and real estate finance.
Personal Loans: L&T Finance Holdings offers a variety of personal loans to cater to the diverse needs of its customers. These loans are designed to meet various personal financial requirements.
Established on May 1, 2008, as L&T Capital Holdings Ltd., the company underwent a name change to L&T Finance Holdings Ltd. on September 1, 2010. In 2011, it made its debut in the capital market with an initial public offer, and in 2012, it entered the housing finance sector through the acquisition of Indo Pacific Housing Finance Ltd. Additionally, the company acquired Fidelity’s mutual fund business in India and expanded into two-wheeler financing by acquiring Family Credit.
During the financial year 2020-21, LTFH fulfilled its funding requirements through various instruments such as NCDs, CPs, ICDs, and bank borrowings, while maintaining its AAA rating from rating agencies. Notably, in April 2021, L&T Infrastructure Finance Company Limited and L&T Housing Finance Limited were merged with LTFH.
In 2022-23, LTFH completed the sale of 100% of the paid-up share capital of L&T Investment Management Limited, a wholly-owned subsidiary and the asset manager of L&T Mutual Fund, to HSBC Asset Management (India) Private Limited on November 25, 2022.
Business Segments
L&T Finance Holdings Limited is a non-banking financial company (NBFC) in India that offers a wide range of financial products and services to individuals and businesses nationwide. The company's primary business segments include:
Housing Finance: L&T Finance Holdings is a leading housing finance company in India, providing a diverse range of home loan products to individuals and businesses. The company also offers loans against property and real estate finance.
Personal Loans: L&T Finance Holdings offers a variety of personal loans to cater to the diverse needs of its customers. These loans are designed to meet various personal financial requirements.
