About L & T Finance Limited
Data last updated:
L & T Finance Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of L&T Finance Holdings Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 22 November 1994.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1994PLC083147. The company has 25 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹238.42 Cr. It was led by directors including Pradeep Vasudeo Bhide and Rajani Rajiv Gupte.
Its last annual general meeting (AGM) was held on 15 June 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at L&T House Ballard Estate, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2016, the company reported a revenue of ₹2,351.99 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹207.22 Cr (net margin 8.8%) and EBITDA of ₹1,546.91 Cr (EBITDA margin 65.8%).
The company was associated with 1 brand: L&T Finance. As per MCA filings, the company had satisfied charges of ₹20,779 Cr on record. Court records list 93,870 cases involving the company, including 92,697 filed by the company and 1,173 filed against it; 50,483 cases are pending.
The last known website on record is ltfinance.com.
Company details
CIN history
L & T Finance has one previous CIN (Corporate Identification Number): U65990MH1994PTC083147. The current CIN is U65990MH1994PLC083147, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65990MH1994PLC083147 | Current |
| U65990MH1994PTC083147 | Previous |
Contact details
L & T Finance Limited's registered office is in Mumbai, Maharashtra. Its website is ltfinance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressL&T House Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryFinancial Services, NBFC
To see the full contact details of L & T Finance Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
L & T Finance operates one associated brand: L&T Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Loans for vehicles, rural sectors, and construction equipment are offered. | ltfinance.com |
Business activity
The main business activity of L & T Finance is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of L & T Finance Limited, buy the company report.
Financials of L & T Finance Limited
FY 2016 filings availableL & T Finance Limited reported revenue of ₹2,351.99 Cr (down 2% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year. EBITDA fell 10% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹1,546.91 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹207.22 Cr | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 65.8% | |
| Net Profit Margin | 8.8% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of L & T Finance Limited, buy the company report.
Board of directors and KMP of L & T Finance Limited
L & T Finance Limited currently reports 9 directors and 1 key managerial person. 19 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Vasudeo Bhide | Director | 25 Oct 2010 | 16 Years 0 Months | As last reported |
| Rajani Rajiv Gupte | Director | 20 Mar 2015 | 11 Years 7 Months | As last reported |
| Venugopalan Mannil | Director | 27 Sep 2013 | 13 Years 1 Months | As last reported |
| Yeshwant Deosthalee Moreshwar | Director | 22 Nov 1994 | 31 Years 11 Months | As last reported |
| Dinanath Mohandas Dubhashi | Director | 22 Jul 2013 | 13 Years 3 Months | As last reported |
| Sunil Sudhir Prabhune Also directs: Kavikratu Technologies LLP | Manager | 21 Jan 2017 | 9 Years 9 Months | As last reported |
Peer comparison
L & T Finance Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Finance, NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aditya Birla Housing Finance Limited | ₹2,656.29 Cr (FY 2025) | 45.0% | Veraval, Gujarat, India | |||
| Icici Home Finance Company Limited | ₹2,648.26 Cr (FY 2024) | 36.0% | Mumbai, Maharashtra, India | |||
| Aadhar Housing Finance Limited | ₹2,586.98 Cr (FY 2024) | 27.0% | Bangalore, Karnataka, India | |||
| Fusion Finance Limited | ₹2,412.42 Cr (FY 2024) | 34.0% | New Delhi, Delhi, India | |||
| SK Finance Limited | ₹2,386.38 Cr (FY 2025) | 33.0% | Jaipur, Rajasthan, India | |||
| L & T Finance Limitedthis company | ₹2,351.99 Cr (FY 2016) | ₹207.22 Cr | 8.8% | -2.0% | Mumbai, Maharashtra, India | |
| Icm Finance Private Limited | ₹2,260.31 Cr (FY 2025) | -23.0% | Kolkata, West Bengal, India | |||
| Five-Star Business Finance Limited | ₹2,195.1 Cr (FY 2024) | 44.0% | Chennai, Tamil Nadu, India | |||
| Cavin Solai Private Limited | ₹2,156.74 Cr (FY 2025) | 8.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of L & T Finance Limited, buy the company report.
Auditor
L & T Finance Limited is audited by Sharp & Tannan for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sharp & Tannan | FY 2015 |
Shareholding
The shareholding of L & T Finance Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of L & T Finance Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2014 | 10540114 | Idbi Trusteeship Services Limited | ₹30 Cr | Satisfied | |
| 03 Nov 2014 | 10533961 | Idbi Trusteeship Services Limited | ₹200 Cr | Satisfied | |
| 12 Sep 2014 | 10523189 | Federal Bank | ₹200 Cr | Satisfied | |
| 15 Jul 2014 | 10514900 | Idbi Trusteeship Services Limited | ₹185 Cr | Satisfied | |
| 13 Jun 2014 | 10509373 | Idbi Trusteeship Services Limited | ₹215 Cr | Satisfied |
To see the full charge records of L & T Finance Limited, buy the company report.
Total charge records: 109 View all charges
Legal cases
L & T Finance Limited has 93,870 court cases on record: 92,697 filed by L & T Finance, 1,173 filed against it. 50,483 cases are pending and 43,387 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 91,605 | 691 | 50,197 |
| High courts | 2,209 | 437 | 279 |
| Supreme Court | 42 | 35 | 6 |
| NCLAT | 8 | 8 | 1 |
| NCLT | 6 | 2 | 0 |
Cases on record (5 of 93,870)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0905-Civil Law : Any matter arising out of Civil suit/proceedings, which is not covered in any of the above categories) | Filed against the company by individuals | Pending |
| Supreme Court | Court case (0304-Arbitration Law and Other Alternative Dispute Resolution : Challenge to arbitral award, matters relating to execution under Section 36, under Section 34/Section 37 of the Arbitration & Conciliation Act, 1996 and challenges to arbitral award under Arbitration Act, 1940) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (2501-Insolvency Laws and Insolvency and Bankruptcy Code, 2016 : Insolvency Laws and Insolvency and Bankruptcy Code, 2016) | Filed by the company against individuals | Pending |
| Supreme Court | Court case (2501-Insolvency Laws and Insolvency and Bankruptcy Code, 2016 : Insolvency Laws and Insolvency and Bankruptcy Code, 2016) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (1511MISC-Criminal Law : Criminal matters other than covered by the aforesaid categories(SLPs arising out of quashing applications, orders framing charge, summoning orders, interim orders in criminal matters, withdrawal of prosecution, orders for further investigation/re-investigation etc.) | Filed by the company against State of NCT of Delhi and 8 others | Disposed |
To see the full case history of L & T Finance Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for L & T Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
L & T Finance has 1 associated company. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
GST
L & T Finance has 25 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of L & T Finance Limited, buy the company report.
Recent activity
L & T Finance Limited has 26 board changes on record since 1994: 10 appointments and 16 cessations. The latest: Sunil Sudhir Prabhune was appointed as Manager on 21 Jan 2017.
253 earlier events are in the company report.
News
Frequently asked questions
L & T Finance has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
L & T Finance was a public limited company based in Mumbai, Maharashtra, India. The company worked in nbfc, within the financial services industry. It was incorporated on 22 November 1994 and is registered under CIN U65990MH1994PLC083147. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
L & T Finance was incorporated on 22 November 1994. It is registered with the Registrar of Companies, Mumbai.
L & T Finance had 10 directors and KMP:
- Pradeep Vasudeo Bhide - Director
- Rajani Rajiv Gupte - Director
- Venugopalan Mannil - Director
- Yeshwant Deosthalee Moreshwar - Director
- Dinanath Mohandas Dubhashi - Director
- Narayanan Subramaniam - Director
- Pavninder Singh - Director
- Raghavan Sadagopan - Director
- Sunil Sudhir Prabhune - Manager
- Sachinn Roopnarayan Joshi - Cfo
The CIN (Corporate Identification Number) of L & T Finance is U65990MH1994PLC083147. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of L & T Finance is at L&T House Ballard Estate, Mumbai, Maharashtra, India – 400001.
L & T Finance can be reached through the website ltfinance.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of L & T Finance on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 15 June 2016. Year-wise statements from 2015 are in the company report.
No. L & T Finance has 25 GST registrations on record and all of them are cancelled or inactive.
L & T Finance operated in the financial services industry, in the nbfc segment.
The peers of L & T Finance by revenue are Aditya Birla Housing Finance Limited, Icici Home Finance Company Limited, Aadhar Housing Finance Limited, Fusion Finance Limited, SK Finance Limited and 3 more, all in the BFSI industry (Finance, NBFC), with the same principal business activity (other financial activities).
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