Company Overview
L&T Finance Holdings Ltd. (LTFH) was incorporated in 2008 and is promoted by the construction major Larsen & Toubro (L&T). LTFH is a financial holding company offering a diverse range of financial products and services across retail, corporate, housing and infrastructure finance sectors. It also has presence in asset management and investment management services through its wholly owned subsidiaries. Further, the company has a strong parentage and a highly-qualified management team which has significant experience in evaluating long-gestation infrastructure projects.
The company has gradually built-up several businesses/product lines through both organic and inorganic route over the past few years. LTFH has identified select segments to grow its loan book— Housing finance, Tractor, Two-wheeler and Microfinance in the retail business whereas roads, renewable energy projects in the wholesale segment. However, its first priority is rural finance, followed by housing finance and wholesale finance. Asa result, we expect the share of wholesale lending to decline from 60% currently to 42% by FY21.
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