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May 24, 2015 8:08 AM ET

Diversified Financial Services

Company Overview of L&T Finance Ltd.

Company Overview

L&T Finance Limited provides financial products and services for trade, industry, and agriculture in India. Its products include light and small commercial vehicle loans; construction equipment loans; medium, and heavy commercial vehicle loans; working capital loans; home loans; non convertible debentures and commercial papers; corporate leases; term loans; channel finance; and loans against securities. The company’s products also comprise employee stock option financing; IPO financing; dealer finance; vendor finance; genset loans; rural loans, such as tractor loans, tractor loans, other farm equipment loans, warehouse receipt finance, and dairy finance; and microfinance. It serves micro and...

The Metropolitan, 8th Floor

C-26/27, E-Block

Bandra - Kurla complex

Bandra (East)

Mumbai,  400051

India

Founded in 1994

Phone:

91 22 6737 2727

Fax:

91 22 6737 2700

Key Executives for L&T Finance Ltd.

Chief Executive Officer, Managing Director, Director, Member of Nomination & Compensation Committee, Member of Committee of Directors, Member of Asset-Liability Management Committee, Member of Credit Committee, Member of Risk Management Committee and Member of Investment Committee
Age: 48
Senior Vice President
Chairman of L & T, Managing Director of L & T and Director of L & T
Age: 72
Vice President of Corporate Finance Group
Age: 50
Company Secretary
Compensation as of Fiscal Year 2014.

L&T Finance Ltd. Key Developments

L&T Finance Ltd. to Issue Secured, Redeemable, Non-Convertible Debentures on Private Placement Basis

L&T Finance Ltd. announced that the company intends to issue secured, redeemable, non-convertible debentures of INR 2,000 million with an option to retain over-subscription up to INR 2,000 million, an overall amount aggregating to INR 4,000 million on private placement basis.

L&T Finance Ltd. to Issue Secured, Redeemable, Non- Convertible Debentures on Private Placement Basis

L&T Finance Ltd. - Secured Redeemable Non-Convertible Debentures has informed that the company intends to issue Secured, Redeemable, Non- Convertible Debentures of INR 1,250 million with an option to retain over-subscription up to INR 1,250 million, an overall amount aggregating to INR 2,500 million (Series "C" of fiscal year 2015-16) on private placement basis.

L&T Finance Ltd. Announces Standalone Audited Earnings Results for the Second Half Year and Year Ended March 31, 2015

L&T Finance Ltd. announced standalone audited earnings results for the second half year and year ended March 31, 2015. For the six months, the company reported total income of INR 11,814.680 million against INR 11,595.244 million a year ago. Operating profit before provisions, contingencies and write-offs was INR 3,406.777 million against INR 2,637.905 million a year ago. Profit from ordinary activities before tax was INR 2,048.043 million against INR 1,294.875 million a year ago. Net profit was INR 1,366.497 million against INR 856.140 million a year ago. Basic and diluted earnings per share were INR 5.73 against INR 3.59 a year ago. For the year, the company reported total income of INR 23,964.314 million against INR 22,455.091 million a year ago. Operating profit before provisions, contingencies and write-offs was INR 6,503.115 million against INR 5,331.628 million a year ago. Profit from ordinary activities before tax was INR 3,850.246 million against INR 3,047.806 million a year ago. Net profit was INR 2,556.048 million against INR 2,012.266 million a year ago. Basic and diluted earnings per share were INR 10.72 against INR 8.44 a year ago.

Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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