Company History - L&T Finance
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
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