About Us

About Us

L&T Finance Holdings Ltd. is a NSE and BSE listed company and is also registered with RBI as an NBFC and CIC. It conducts its financial services businesses through various subsidiaries. L&T Financial Services is the brand name of L&T Finance Holdings Ltd.

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Our Vision

To be an admired and inspirational financial institution, creating sustainable value for all our stakeholders.

Our Values

Our Journey

3x.5_our_journey

Transform|Focus|Deliver

Transform|Focus|Deliver

2022
  • Month - February
  • Mr S N Subrahmanyan has been appointed as the Director and Chairperson of L&T Finance Holdings. This is in line with L&T’s overall commitment to strengthen its presence in the services area
  • L&T Finance raised its first Rs 200 Cr Sustainability Linked Rupee Loan from the Indian arm of the French multinational investment bank and financial services company - Société Générale
2021
  • L&T Finance Holdings raised over ₹2,998.61 crore through rights issue. The issue was oversubscribed by 15 percent.
  • L&T Finance Holdings announced the merger of L&T Infrastructure Finance Company (LTIFC) and L&T Housing Finance with L&T Finance, all wholly owned subsidiaries of the company
  • L&T Financial Services won ‘Technology leader of the year - Infra Finance’ in NBFCs at 3rd Quantics BFSI Excellence Awards for its impressive company profile and work
  • L&T Finance Holdings has been awarded the prestigious ‘Best Finance Transformation’ award in SAP ACE awards 2021 in the Disruptor in Best Finance Transformation category for large enterprises
  • L&T Finance Holdings to divest its Mutual Fund business which is in line with the strategic objective of the company of unlocking value from its subsidiaries to strengthen its balance sheet
2020
  • L&T Financial Services has been recognized as the most Socially Aware Corporate of the Year by the Business Standard Social Excellence Awards 2019, for the scale and gender-inclusive work of its digital-literacy initiative in rural India, Digital Sakhi
  • L&T Infrastructure Finance will provide INR 518 crore term loan to Singapore-based gas major AG&P Group’s Indian arm for developing city gas networks in Rajasthan and Tamil Nadu
  • L&T Infrastructure Finance received $50 million in the first tranche of the $100 million external commercial borrowing from the Beijing-headquartered Asian Infrastructure Investment Bank (AIIB)
  • L&T Finance Holdings gets a nod to raise up to INR 3,000 crore via rights issue to support growth of business verticals like retail and rural finance
2019
  • L&T Finance Holdings and all its lending subsidiaries have AAA rating assigned/reaffirmed by CRISIL, India Ratings, ICRA and CARE, despite the environment of multiple downgrades across the sector.
  • L&T Finance Limited announced the Public Issue of Secured Redeemable Non-Convertible Debentures (Secured NCDs) which was oversubscribed 4.45 times of the base issue size  (Rs. 500 crore)
  • L&T Finance Limited announced Tranche 2 of Public Issue of Secured Redeemable Non-Convertible Debentures (NCDs)  which was oversubscribed 6.48 times of the base issue size  (Rs. 500 crore) 
  • L&T Finance Launches ‘Sabse Khaas Loan' for Two-Wheeler Customers L&T Financial Services Launches „Digital Sakhi‟ in Tamil Nadu
  • IFC leads $550 million ECB investment round in L&T Finance L&T Finance Limited announces Tranche I of Public Issue of Secured Redeemable Non Convertible Debentures (Secured NCDs)  which was oversubscribed  3.01 times of the base issue size  (Rs. 500 crore)     
2018
  • The CII National HR Circle Competition 2018 winner for "Management of Change & Excellence in HRM"
  • Asian Centre Awards for "Best Audit Committee"
  • LTFH and its subsidiaries’ credit ratings upgraded to AAA by ICRA
  • L&T Finance (LTF) opened its 1000th meeting center in Kolkata, West Bengal, for its Micro Loans business
  • L&T Finance Holdings featured in the Forbes India's Super 50 Companies 2018
  • FINNOVITI 2018 Award for “SANGAM”, an Innovation in the Two-wheeler business
  • Wholesale Finance and Infrastructure Debt Fund business won 3 awards at "The Asset Triple A Asia Infrastructure Awards 2018" for Infrastructure Fund Deal of the Year, Airport Deal of the Year and Private Equity M&A Deal of the Year
2017
  • LTFH 2.0  Re-defined. Stock Price reaching an all-time high of Rs. 200 and ROE of 13.63%
  • Expanding our footprint by commencing our Micro loans business in Assam
  • Awarded the "Best Finance Company in Renewable Energy" at the annual "Central Board of Irrigation & Power Awards"
  • Crossed the 50,000 cr. AUM mark in the Mutual Funds business 
2016
  • Re-orient strategy to focus on select products and deliver improvement on RoE
2015
  • Total Assets cross Rs. 50,000 Cr.
  • Preferential issue of Equity Shares & Warrants to Bain Capital amounting to Rs. 708 Cr
2013
 
  • Maiden issue of preference shares
2012
  • Total Assets cross Rs. 30,000 Cr. 
  • MF builds scale – acquisition of Fidelity’s MF biz in India
  • Entry into Housing Fin – acquisition of IPHF
  • Start of 2W Finance – acquisition of FamilyCredit
2011
  • Total Assets cross Rs. 20,000 Cr
  • IPO of LTFH
  • LTIF notified as PFI
2010
  • Foray into MF business – acquisition of DCAM
  • LTIF secures IFC status, launches Infra Bonds
2009
  • Maiden public issue of NCDs by LTF
2008
  • Total Assets cross Rs.10,000 Cr
  •  Start of Microfinance & Loan Against Shares
2007
  • L&T Infra Finance established
  • CV Financing commenced

 

1994
  • L&T Finance Incorporated
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
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  • 2007
  • 1994

Board of Directors

Mr. S. N. Subrahmanyan

Non-Executive Director and Chairperson

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Mr. S. N. Subrahmanyan is the Director and Chairperson of the company.

 

He is the CEO & MD of Larsen & Toubro and serves on the board of directors of this multi-billion-dollar conglomerate. SNS, as he is popularly known, is also Vice Chairman on the boards of LTI, L&T Technology Services & Mindtree and Chairman of L&T Metro Rail (Hyderabad) Limited.

 

Prior to taking over the reins as CEO & MD in July 2017, SNS in his capacity as Deputy MD & President led L&T’s infrastructure business to its position as the country’s largest construction organisation and 14th in the world. He is now responsible for leading the breadth and width of L&T’s considerable business interests to new growth levels, riding on the enormous benefits of digitalisation, big data, and predictive analysis that he drives internally with exceptional zeal. He places a premium on innovation, project management and talent development, particularly in leadership roles.

 

Hailing from Chennai, India, SNS commenced his professional journey with L&T in 1984 as a project planning engineer armed with a degree in civil engineering and a post-graduation in business management. Mentored by stalwarts, he took on roles of increasing responsibility across business verticals. With an entrepreneurial mindset, drive, and foresight, he began to rewrite the rules of the game.

 

He led L&T’s foray into the realm of executing developmental projects starting with the extremely successful HITEC City project in Hyderabad and the Bangalore International Airport, forging deals in the process without precedent in the construction space. Successfully setting up the Ready Mix business in India for the first time, bagging mandates to design & build all major international airports in India, venturing into untapped geographies like the Middle East, Africa & ASEAN to establish L&T’s credentials and presence and building long-term relationships came easy to him.

 

Under his leadership, SNS has transformed L&T into a company that executes a wide range of projects at Speed & Scale and, in the process, builds the tallest, largest, longest, smartest, and most complex. L&T is among the three Indian companies to feature in the top 46 Most Honoured Companies according to the New York-based B2B publication, Institutional Investor, was recognised as the Company of the Year by business publication, Business Standard in 2020 and has featured on the Forbes list as one of the world’s best employers.

 

SNS was ranked 11th in the Construction Week Power 100 Ranking for 2021, that had previously recognised him as the Infrastructure Person of the Year for 2012. In 2020, SNS was ranked as the Top CEO (Sell Side) and the 3rd Best CEO (Overall) in the All-Asia Executive Team Survey conducted by Institutional Investor and recognised as the CEO of the Year by the leading Indian news channel, CNBC-Awaaz. He has been conferred the Emergent CEO Award at the CEO Awards in 2019 for his exemplary leadership and for delivering seamless growth for L&T. He has also been accorded the Leading Engineering Personality award by the Institution of Engineers (India) in 2014.

 

SNS holds positions of pre-eminence on various industry bodies, construction institutions and councils.

In February 2021, he was appointed Chairman of the National Safety Council (NSC) for three years by the Union Ministry of Labour & Employment. In this role SNS will guide the NSC, which has a major part to play to ensure safety in workplaces under the new Occupational Safety, Health and Working Conditions Code, 2020 (OSH Code, 2020)

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Mr. Dinanath Dubhashi

Managing Director & Chief Executive Officer

 

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Mr. Dinanath Dubhashi is the Managing Director & CEO of L&T Finance Holdings Ltd. (LTFH).

With a rich experience of over three decades, Mr. Dubhashi has worked in multiple domains of Financial Services including Corporate Banking, Cash Management, Credit Rating, Retail Lending & Rural Finance.

Mr. Dubhashi has been associated with LTFH since 2007 and has been instrumental in scaling up the retail business operations manifold, across customer segments and geographies. During his tenure as MD & CEO, since 2016, LTFH has achieved several market leading positions in Farm Equipment Finance, Two-Wheeler Finance, Micro Loans and Renewable Power Finance.

The strategy roadmap defined under his leadership has transformed LTFH into an organisation focused on delivering sustainable top quartile RoE through decisive strategic choices. The increase in retail proportion of loan book under his leadership, to 43% in FY21, has been built on the foundations of distinctive digital and analytics-based offering and a robust risk management framework.

As a part of his professional journey, he has also been associated with organisations such as BNP Paribas, CARE Ratings and SBI Capital Markets in various capacities.

Mr. Dubhashi has also been co-chairing the FICCI Committee on NBFCs since 2018. He is a Postgraduate from IIM Bangalore and holds a B.E. (Mechanical) degree.

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Mr. R Shankar Raman

Non-Executive Director

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Mr. R Shankar Raman is the Chief Financial Officer and Member of the Board at Larsen & Toubro Limited (L&T). He is a Non-Executive Director on the Board of our company and L&T Investment Management Limited. He is also on the board of several companies within the L&T Group. He joined the L&T Group in 1994 to set up L&T Finance Limited and has close to 35 years of experience in Finance and Management.


He is a Chartered and Cost Accountant by profession with a degree in Commerce from Madras University.

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Mr. S V Haribhakti

 Independent Director

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Mr. Shailesh Haribhakti is a Chartered and Cost Accountant, and a Certified Internal Auditor, Financial Planner & Fraud Examiner.


During a career span of four decades, he has successfully established and led many innovative services. His current focus and passion is on Governance, Engaged Investing and Digitisation. He actively promotes 'shares value' creation and a greener environment.


He is also on the Board of Directors of several public and private companies.

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Mr. P V Bhide

Independent Director

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Mr. P V Bhide has worked in several government positions during a career spanning over four decades. Some of his roles include Secretary, Department of Revenue, Ministry of Finance; Secretary and Joint Secretary, Department of Disinvestment, Ministry of Finance; Additional Secretary/Spl. Secretary, Ministry of Home Affairs; Deputy Secretary, Department of Economic Affairs, Ministry of Finance. He has also held various other key positions across departments.


He is a retired IAS Officer with an MBA, LLB and BSc degree.

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Mr. Thomas Mathew T

Independent Director

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Thomas Mathew T. has over four decades of strategic leadership and operational experience in the Life Insurance & Reinsurance industry. He was the Managing Director and Interim Chairman of L.I.C. He was also India MD & CEO of 'Reinsurance Group of America'. He was nominated by SEBI as the Chairman of the Metropolitan Stock Exchange of India. He has served as Director on the Boards of Mahindra & Mahindra Limited, Tata Power Co. Limited, Voltas Limited, IFCI Limited and Corporation Bank. He was a member on the Governing Council of the MDI, Gurgaon, Actuarial Institute of India & Chairman of The National Insurance Academy, Pune.


He is a Director on the Boards of PTC India Financial Services Limited, Canara HSBC OBC Life Insurance Company, LIC (International) B.S.C.(c), Bahrain and subsidiaries of the Company. He is also member of the 'Take Over Panel' of SEBI.

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Ms. Nishi Vasudeva

Independent Director

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Ms. Nishi Vasudeva is an internationally acclaimed leader and is the first woman to chair an oil and gas company in India.


Ms. Vasudeva represented HPCL as Chairman / Director on the board of several Joint Venture companies. Ms. Vasudeva was responsible for developing the vision and long term objectives, improving growth and profitability, driving a high performance culture geared towards operational excellence and consistent value creation for shareholders & all stakeholders.


Prior to assuming responsibility as C&MD, Ms. Vasudeva served on HPCL Board as Director-Marketing and was responsible for pan India sales (B2B & B2C segments), Brand building, Efficient supply chain management, Infrastructure development and leading HPCL foray into new business lines.


Her career at HPCL included leadership positions in Marketing, Corporate Strategy, Planning and Information systems and has led key business transformation & organizational restructuring projects.


Ms. Vasudeva is the first Indian to be awarded the Global CEO of the year at Platt’s Global energy awards 2015. Ms. Vasudeva received the SCOPE Award for excellence and outstanding contribution to Public sector Management from the Hon’ble President of India and was also recognized with Outstanding Women Manager Award by SCOPE.


Ms. Vasudeva has been a member in several committees for development of policy in the Oil Industry and Hydrocarbon sector in India.


Ms. Vasudeva is BA (Economic Honours) from Delhi University and an MBA from IIM Calcutta with over 38 years of experience in the petroleum industry.

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Dr. (Mrs.) Rajani R. Gupte

Independent Director

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Dr. Rajani R. Gupte had done Ph. D in Economics from Gokhale Institute of Politics and Economics, Pune University, on the topic "The impact of trade liberalisation on the level of protection of Indian Industry".


Currently, Dr. Gupte is the Vice Chancellor of Symbiosis International University, Pune. During the period 2004-2012, she had also served as a Director of Symbiosis Institute of International Business (SIIB). She was actively involved in establishing SIIB as one of the leading B-Schools in India.


In the past, she has also worked as Director-Finance, in a Private Limited Company, wherein she has handled Finance operations seamlessly.


She had earlier served as a Dean and Pro Vice Chancellor of Symbiosis International University. She had also served as member WTO committee, Government of Maharashtra, Department of Horticulture during the period 2002-06. She was invited to be a part of a committee of eminent economists formed by NITI Aayog to interact with the Honourable Prime Minister on "Economic Policy: The Road Ahead" in January 2018.

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Mr. Pavninder Singh

Nominee Director

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Mr. Pavninder Singh is a Managing Director with Bain Capital in the Mumbai office. He joined the firm in 2001 and has worked in the New York and Mumbai offices. He is a founding member of Bain Capital's India office and he co-leads the firms India and South East Asia investments. Prior to joining Bain Capital, he was the Co-CEO of Medrishi.com, a healthcare services site. Prior to that, he was a consultant at Mercer Management Consulting (now Oliver Wyman) where he consulted in the e-commerce, retail, and energy industries.


He is actively involved in the investments in L&T Finance Holdings Limited, Quest Engineering, Emcure Pharmaceuticals, Hero FinCorp and Himadri Chemicals & Industries Ltd.


He received an MBA from Harvard Business School where he was a Baker Scholar. He received a BA Magna cum Laude from Harvard College.

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Management

Mr. Dinanath Dubhashi

Managing Director & Chief Executive Officer

 

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Mr. Dinanath Dubhashi is the Managing Director & Chief Executive Officer of L&T Finance Holdings Ltd. (LTFH). With a rich experience of over two decades, he has worked in multiple domains of financial services such as Corporate Banking, Cash Management, Credit Rating, Retail Lending and Rural Finance. He has been with L&T Financial Services since 2007 and has been instrumental in scaling up the retail business operations manifold, across customer segments and geographies.


Under his leadership, LTFH has been transformed into an organization focused on creating superior shareholder value through a sustained increase in Return on Equity (RoE), through decisive strategic choices in businesses, structures and people. Prior to LTFS, he was associated with organizations such as BNP Paribas, CARE Ratings and SBI Capital Markets in various capacities.


He is a Post Graduate from IIM Bangalore and also holds a B.E. (Mechanical) degree.

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Mr. Sachinn Joshi

Group Chief Financial Officer

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Mr. Sachinn Joshi leads Finance & Accounts, Financial Planning & Analysis, Treasury, and Investor Relations functions as the Group Chief Financial Officer.


He has over 27 years of experience with expertise in finance and operations. These include setting up business & treasury operations, risk & credit control, human resource management, public listing, strategic planning and crisis management.


Previously, Mr. Joshi worked with Aditya Birla Finance as the Chief Financial Officer heading Treasury, Finance, Secretarial & Statutory Compliance, and Admin verticals. He was the Executive Director & CFO at Angel Group, heading strategy and finance. At IL&FS, he worked across various capacities including that of CFO, COO and Executive Director - Finance & Operations. In this role, he played pivotal role in setting up of wholesale and retail businesses at one of its subsidiary IL&FS Investsmart.


Mr. Joshi is a qualified Chartered Accountant and a Cost Accountant. He has also done his post-graduation in Law and has completed Business Leadership Program from IIM Calcutta. He is an avid runner and regularly participates in full as well as half marathons, loves travelling and watching sports particularly cricket.

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Mr. Kailash Kulkarni

Mr. Kailash Kulkarni

Chief Executive - Investment Management

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In his current role at L&T Investment Management, Mr. Kulkarni is responsible for driving the overall business growth of the asset management company. He also leads the marketing initiatives for L&T Financial Services. Mr. Kulkarni took control at a time when the Group was in the midst of acquiring Fidelity Investments and led a seamless acquisition of the business. Under his leadership, L&T Investment Management has seen a tenfold rise in assets since 2012.


Mr. Kailash Kulkarni has over 25 years of work experience in financial services, most of which include heading sales functions of businesses across BFSI. Previously, he was the Head of Sales at Kotak Mahindra Asset Management. At MetLife India Insurance, Mr. Kulkarni set up and expanded the agency network. His journey in the BFSI space began with growing the third-party distribution network first for JM Financial and subsequently for ICICI Bank. He has also worked in Eicher Motors in distribution, sales and marketing functions.


He was a member of the SEBI Mutual Fund Advisory Committee and a part of the Financial Literacy Committee at AMFI. Mr. Kulkarni was also on the board of Association of Mutual Funds of India (AMFI).


Mr. Kulkarni is a management graduate from the Institute of Management Development and Research. He loves to travel around the world and is passionate about adventure sports.

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Mr. Raju Dodti

Chief Executive – Wholesale Finance

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Mr. Raju Dodti is the Chief Executive – Wholesale Finance. He is responsible for driving the growth of the business that focusses on providing financing solutions across marquee infrastructure projects in roads, renewable energy and transmission. He also leads the Special Situations Group which is involved in recovery and resolution of identified stressed assets, de-focused book and exit of private equity investments.


Mr. Dodti joined LTFS in 2015 and has held key positions in legal and compliance. As the Group General Counsel of the company, he was instrumental in building the in-house practice group that dealt with advisory, transactional and litigation portfolio for the lending and non-lending businesses. In his capacity as Group Head of Compliance, he was primarily leading regulatory compliance including overseeing regulatory inspections. Mr. Dodti has also provided strategic direction & leadership to the Corporate Communications, Facilities & Channel Management functions of LTFS, in the past.


Prior to joining LTFS, he was with IDFC, Rabo India Finance, ABN AMRO NV, Societe Generale and Global Trust Bank, in varied roles across the legal function. With more than two decades of diverse experience across national and multi-national banks & financial institutions in private equity, project finance, infrastructure finance and treasury borrowings, Mr. Dodti has contributed extensively by maneuvering at the crucial junctures of the organizations’ legal commitments.


Mr. Dodti holds a Bachelor's degree in law from Government Law College, Mumbai University, and a Bachelor's degree in commerce from Mumbai University. He loves music, travelling and is a fitness enthusiast.

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Mr. Shiva Rajaraman

Chief Executive - L&T Infra Credit

 

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Mr. Shiva Rajaraman has 23 years of experience in infrastructure finance and advisory.


He is the the Chief Executive of L&T Infra Credit Limited (part of L&T Financial Services), earlier one of India’s leading Infrastructure Debt Funds (IDFs), focussed on providing financing and credit enhancement solutions to private sector/ PPP projects in renewable energy, roads and transmission sectors.


At L&T Financial Services (LTFS), he was part of the leadership team which managed India’s largest (USD ~ 3 bn) high quality debt-financed renewable energy portfolio aggregating ~ 6000 MW and one of the largest quality road refinance portfolios. He has been with LTFS for over 12 years.


Prior to that he was employed with India’s specialised infrastructure financier IDFC for ~10 years (now IDFC Bank) and the Equity Group of Dresdner Kleinwort Benson (now Commerzbank) for ~ 2 years.


Mr. Rajaraman has been a member of the Infrastructure Committees of CII, FICCI, IVCA (industry associations) and a Director on the Board of Feedback Infrastructure and Indian Highway Management Company Ltd (IHMCL), a company promoted by the National Highways Authority of India (NHAI).


He is also a member of the Project Finance Sub-Group constituted by the Government and the Inter- Ministerial Steering Committee (IMSC) of the Government of India for implementation of the National Infrastructure Pipeline (NIP), 2020.

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Dr. Rupa Rege Nitsure 

Group Chief Economist

 

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Dr. Rupa Rege Nitsure is the Group Chief Economist of L&T Financial Services since March, 2015, responsible for advising and guiding the L&T Financial Services Management on its outlook related to various macroeconomic and policy issues. She also contributes towards business planning, treasury management and risk planning by providing timely business leads, macro calls and early warning signals. Her key areas of specialisation are Macroeconomics and Financial Intermediation.

 

Prior to joining LTFS, she held the position of Chief Economist and General Manager at Bank of Baroda (2003-2015) and Senior Economist at ICICI (DFI) and ICICI Bank (1989-2003). At Bank of Baroda, she also headed Investor Relations and regularly represented the Bank in several deal and non-deal road-shows in India and abroad. While at the ICICI Bank, she organized an International Conference on “Regulation of Financial Intermediaries in Emerging Markets” involving researchers from the World Bank, IMF, BIS, Indian and US Academia. Subsequently, she co-edited and brought out a book on the “Conference Proceedings” in 2005.

 

She has served on various important Policy-Making Committees appointed by the Government of India/Reserve Bank of India and published several articles in the field of policy-oriented research. To name a select few, she was the Member of the “Standing Advisory Group on Indian Statistical Databases”, Reserve Bank of India, during 2004 to 2007. She was the Member of the “Committee for Integration of Banking Structures”, Ministry of Finance, Government of India, 2011. She was the Member of the “Expert Committee to Revise and Strengthen the Monetary Policy Framework”, Reserve Bank of India (Chaired by Deputy Governor: Dr Urjit Patel), 2013-14.

 

In her professional career spanning more than three decades, Rupa Rege Nitsure has richly contributed research articles to academic journals. She is a regular commentator on economic and policy issues in print (business dailies) and electronic media.

 

Rupa Rege Nitsure had served as the Director on the Board of L&T Investment Management Ltd., L&T FinCorp Ltd. and L&T Infrastructure Debt Fund Ltd. She was on the Indian Banks’ Association’s (IBA) Monetary Policy Consultative Group and on the Editorial Committee of the IBA journal - Indian Banker. She was also on the Academic Council of the School of Economics (Post Graduate Department of Economics), Mumbai University. She is the Honorary Fellow of the Indian School of Political Economy, Pune, is on the Academic Advisory Committee of Vidyalankar School of Information Technology (VSIT), Mumbai and on the Board of Studies for Economics for the Shiv Nadar University at Chennai. Additionally, she is on the Editorial Advisory Board of the Indian Institute of Banking and Finance’s (IIBF) Journal Bank Quest. She acted as the Guest Faculty for Bankers’ Quotient Academy that was engaged with developing the future leaders for the Indian Banking industry. Since August 2021, she has been a part of the Academic Advisory Council (AAC) of the Reserve Bank of India Academy as an External Expert.

 

She holds M.A.(Economics), M.Phil (Economics) and Ph.D (Macro-Econometric Modelling) from the Gokhale Institute of Politics & Economics, Pune.

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Mr. Tushar Patankar

Chief Risk Officer

 

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Mr. Tushar Patankar has 25 years of Corporate Banking & Risk Management experience across leading foreign and private banks, and NBFC. He brings with him the expertise and understanding of the various aspects of risk management including developing frameworks for Risk Approval, Early Warning System and Credit policy along with the experience of managing credit risks in corporate banking and SMEs. Mr. Patankar has a deep understanding of Business, Credit, Regulatory and Operational Risk and takes a special interest in framing efficient risk management processes through a blend of financial acumen and the use of data and analytics.


Previously, he was with Bajaj Finserv as the Chief Commercial Credit Officer & Head Commercial Lending Operations and with IDFC Bank, as the Head of Risk for the Wholesale, FIG, SME & Business Banking verticals. In his earlier stints, Tushar has worked with ANZ Banking Group, HSBC, ABN AMRO Bank, ICICI Bank, Bank Internasional Indonesia & Mashreq Bank PSC. His experience includes diverse categories including Corporate & Institutional Banking, Risk analysis, Client Portfolio Management, and Relationship Management.


Over the years, Mr. Patankar has contributed extensively to organizations at key inflection points – during a strategic business transition, acquisition, setting up of a bank or a recovery and sale to ARCs.


He is a qualified Chartered Accountant and enjoys reading, travelling and cooking.

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Mr. Santosh B. Parab

General Counsel

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Mr. Santosh B. Parab leads the Legal and Compliance functions at LTFS in his capacity as the Group General Counsel.


He has over 28 years of experience with expertise in varied domains – Retail, Wholesale and Banking Finance, Borrowings & Treasury, Mergers & Acquisitions of entities in the Financial Sector, Equity Raising, Private Equity, Litigation, Recovery and Resolution.


Prior to joining LTFS, Mr. Parab worked with IDBI, IDFC, IDFC Bank and Altico Capital in different roles across the legal function. He has played a pivotal role in all major milestones achieved during his tenure with previous organisations including banking license, acquisitions and divestments of various financial entities, mergers of bank with NBFC, working on resolution plan among others.


Mr. Parab holds a Master's degree in law from Mumbai University, and a Bachelor's degree in commerce from Mumbai University.

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Mr. Sanjay Garyali

Chief Executive - Urban Finance

 

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Mr. Sanjay Garyali is the Chief Executive - Urban Finance at L&T Financial Services.


With over 26 years of experience across diverse sectors, Mr. Garyali in his role as the head of the Urban Finance business oversees the urban lending vertical of the company including Housing Finance and Consumer Loans businesses. He is also responsible for expanding the already established Two-Wheeler Finance business. Driving retailisation to help accelerate the growth momentum of the company is a core focus area for Mr Garyali and he will be driving a high-performance culture, concentrating on achieving operational excellence, strengthening processes and adding value to all the stakeholders.


Mr. Garyali specializes in strategy, scaling businesses and has built a solid track record in building customer-centric organisations as well as distribution networks. With a deep understanding of retail businesses, he is well experienced across retail collections, consumer durables and Two-Wheeler sales, branch banking, retail liabilities, NRI banking as well as investments and mortgages. Mr Garyali has worked with Kotak Mahindra Bank, HDFC Bank, GE Capital and Idea Cellular in the past.


An MBA from Panjab University, Chandigarh, Mr. Garyali also holds a B.E. (Electronic and Communications) degree from BV College of Engineering, Pune.

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Mr. Abhishek Sharma

Chief Digital Officer

 

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Mr. Abhishek Sharma leads the Group’s Strategy and the digital transformation initiative. He has been associated with the Group in the product development and sales functions in Rural Finance and Housing Finance.


Mr. Sharma has 15 years of experience in corporate strategy, product development and sales leadership. Previously, he served as a Captain in the Indian Army for five years.


Mr. Sharma has a Post Graduate Diploma in Business Management from XLRI, Jamshedpur and holds a Bachelor’s Degree in Business Economics from the Delhi University.  He loves reading and is a sports enthusiast.

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Ms. Sonia Krishnankutty

Chief Executive - Rural Business Finance, Customer Service & Operations

 

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Prior to joining LTFS, Ms. Sonia had worked with Bank of Baroda in various functions covering Credit, Collections and Business in Retail Lending

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Ms. Apurva Rathod

Group Head - Secretarial & CSR and Sustainability

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Ms. Apurva Rathod is the Company Secretary - L&T Finance Holdings Limited and the Group Head – Secretarial & CSR and Sustainability, L&T Financial Services.


With an experience of around 20 years, she has worked across Legal, Compliance, Risk Management and Corporate Secretarial functions. She moved to LTFS from Fidelity in 2012 and has been at the helm of Corporate Secretarial function since 2016. In addition, she has also been leading the Group CSR & Sustainability initiatives of LTFS since March 2020.


She has been spearheading the strategic initiative of corporate restructuring of various lending entities within LTFS and has also played a pivotal role in strengthening the corporate governance framework through robust processes and controls.


As the Head of CSR initiatives, she has been instrumental in scaling up “Digital Sakhi” – the flagship program of LTFS aimed at Digital Financial Inclusion of rural women and creating sustainable livelihoods. The program has won prestigious awards in the categories of women empowerment and digital literacy, across multiple forums.


She is also leading the strategy and implementation of LTFS' sustainability initiatives and has been a key part of its journey in addressing various environmental, social and governance risks across business platforms.


In her previous stints, she has been associated with the mutual fund arm of Fidelity International in India and Kotak Mahindra AMC Limited and has played a key role in corporate M&A.


Ms. Apurva is a member of the Institute of Company Secretaries of India and holds a Bachelor's degree in law and a Bachelor's degree in commerce from the University of Mumbai.

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Mr. Asheesh Goel

Chief Executive - Farmer Finance

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Mr. Asheesh Goel is the Chief Executive for Farm Equipment Finance at L&T Financial Services and comes with a rich work experience of more than 27 years in the financial services industry. Mr. Goel has an excellent track record of developing and transforming systems and processes that has helped businesses scale new heights. This has been achieved by reengineering the existing business model, remodeling and building robust architecture and transformation of the deliverance platform for meeting the core objective of the Organization. In his long span in the lending business, Mr. Goel has launched new asset financing verticals, built robust infrastructure along with laying down customer- centric initiatives to build reach and scale.


A Chartered Accountant by qualification, before joining L&T Financial Services in 2019, Mr. Goel was with Citibank for close to 19 years heading varied asset verticals.

 

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