About L&T Finance Limited
Data last updated:
L&T Finance Limited was a public limited foreign company incorporated in india based in Kolkata, West Bengal, 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 24 November 1993.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U65910WB1993FLC060810. Its GSTIN is 19AACCA1963B1Z1 (West Bengal). The company held 25 GST registrations, of which 23 are active.
The company had an authorised share capital of ₹4,886.31 Cr and a paid-up capital of ₹2,864.17 Cr. It was formerly known as Apeejay Finance Group Private Limited and Apeejay Finance Group Ltd. It was led by directors including Sachinn Roopnarayan Joshi (Whole-Time Director) and Pradeep Vasudeo Bhide.
Its last annual general meeting (AGM) was held on 03 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 15th Floor Ps Srijan Tech Park Plot No 52 Block Dn Sector – V Salt Lake City, Kolkata, West Bengal, India – 700091.
As per the financials filed for FY 2025, the company reported a revenue of ₹15,941 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹332.25 Cr (net margin 2.1%) and EBITDA of ₹3,666.95 Cr (EBITDA margin 23%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 4% over five years.
The company had about 31,695 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 3 subsidiaries.
As per MCA filings, the company had satisfied charges of ₹81,656 Cr on record. Court records list 1,01,779 cases involving the company, including 1,00,828 filed by the company and 954 filed against it; 43,798 cases are pending.
The last known website on record is ltfs.com.
Company details
Name history
L&T Finance has undergone 4 name changes throughout its history. The current legal name is L&T Finance Limited.
| Company Name | Status |
|---|---|
| L&T Finance Limited | Current |
| Apeejay Finance Group Private Limited | Previous |
| Apeejay Finance Group Ltd | Previous |
| Family Credit Limited | Previous |
| Apeejay Finance Group Limited | Previous |
CIN history
L&T Finance has one previous CIN (Corporate Identification Number): U65910WB1993PLC060810. The current CIN is U65910WB1993FLC060810, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65910WB1993FLC060810 | Current |
| U65910WB1993PLC060810 | Previous |
Contact details
L&T Finance Limited's registered office is in Kolkata, West Bengal. Its website is ltfs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address15th Floor Ps Srijan Tech Park Plot No 52 Block Dn Sector – V Salt Lake City, Kolkata, West Bengal, India – 700091
- IndustryFinancial Services, NBFC, Investment & Credit 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
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 2023 filings availableL&T Finance Limited reported revenue of ₹15,941 Cr (up 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 13% growth in the latest year. EBITDA rose 35% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹3,666.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹332.25 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23% | ||||
| Net Profit Margin | 2.1% | ||||
| 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 6 directors and 1 key managerial person. 50 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Vasudeo Bhide | Director | 18 Mar 2017 | 9 Years 7 Months | As last reported |
| Rajani Rajiv Gupte | Director | 20 Mar 2015 | 11 Years 7 Months | As last reported |
| Thomas Mathew Thumpeparambil | Director | 12 Apr 2021 | 5 Years 6 Months | As last reported |
| Apurva Neeraj Rathod Also directs: L&T Infra Investment Partners Advisory Private Limited | Company Secretary | 28 Apr 2021 | 5 Years 6 Months | As last reported |
| Dinanath Mohandas Dubhashi | Director | 31 Dec 2012 | 13 Years 10 Months | As last reported |
| Nishi Vasudeva | Director | 12 Apr 2021 | 5 Years 6 Months | As last reported |
Peer comparison
L&T Finance Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Finance, Large NBFC, NBFC Investment and Credit Companies), 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 |
|---|---|---|---|---|---|---|
| Infrastructure Leasing and Financial Services Limited | ₹18,799 Cr (FY 2018) | 10.0% | Mumbai, Maharashtra, India | |||
| GMR Enterprises Private Limited | ₹17,475 Cr (FY 2019) | 13.0% | Royapettah, Tamil Nadu, India | |||
| L&T Finance Limitedthis company | ₹15,941 Cr (FY 2025) | ₹332.25 Cr | 2.1% | 13.0% | Kolkata, West Bengal, India | |
| Aditya Birla Finance Limited | ₹12,764 Cr (FY 2024) | 54.0% | Veraval, Gujarat, India | |||
| Bengal & Assam Company Limited | ₹12,588 Cr (FY 2019) | 715.0% | Kolkata, West Bengal, India | |||
| Cholamandalam Financial Holdings Limited | ₹10,947 Cr (FY 2019) | 23.0% | 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 Deloitte Haskins & Sells LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2018 | 117366W/W-100018 |
Shareholding
The shareholding of L&T Finance Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|
| 21 Jan 2022 | 100529687 | Others | ₹200 Cr | Satisfied | |
| 27 Dec 2021 | 100523310 | The South Indian Bank Limited | ₹150 Cr | Satisfied | |
| 27 Sep 2021 | 100491198 | Citi Bank N.A. | ₹400 Cr | Satisfied | |
| 23 Sep 2021 | 100484184 | Others | ₹150 Cr | Satisfied | |
| 22 Sep 2021 | 100486602 | Karnataka Bank Ltd. | ₹200 Cr | Satisfied |
To see the full charge records of L&T Finance Limited, buy the company report.
Total charge records: 357 View all charges
Legal cases
L&T Finance Limited has 1,01,779 court cases on record: 1,00,828 filed by L&T Finance, 954 filed against it. 43,798 cases are pending and 57,981 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 97,963 | 608 | 43,698 |
| High courts | 3,753 | 310 | 92 |
| Supreme Court | 28 | 25 | 1 |
| NCLT | 24 | 3 | 1 |
| NCLAT | 11 | 8 | 6 |
Cases on record (5 of 1,01,779)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0305-Arbitration Law and Other Alternative Dispute Resolution : Challenge to/enforcement of a foreign arbitral award) | Filed against the company by Ubs Management Services India Private Limited(Formerly Known As Credit Suisse Finance India Private | Disposed |
| Supreme Court | Court case (0305-Arbitration Law and Other Alternative Dispute Resolution : Challenge to/enforcement of a foreign arbitral award) | Filed against the company by DCB Bank Limited | Disposed |
| High Court, West Bengal | Court case (APOT) | Filed against the company by R.K. Commotrade Pvt Ltd. and Ors Ranjana Seal | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by Kotak Mahindra Bank Ltd | Pending |
| Bombay High Court | Arbitration matter | Filed by the company against Swami Samarth Electronics Private Limited | 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.
Credit ratings & regulatory alerts
L&T Finance Limited was last rated by Icra on 12 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 12 Sep 2022 |
To see the full credit ratings and regulatory alerts of L&T Finance Limited, buy the company report.
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 3 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| L&T Infra Credit Limited | L67100MH2013PLC241104 | |
| L&T Infra Investment Partners Advisory Private Limited | U67190MH2011PTC218046 | |
| L&T Infra Investment Partners Trustee Private Limited | U67190MH2011PTC220896 |
To see the full group structure of L&T Finance Limited, buy the company report.
GST
L&T Finance has 25 GST registrations: 23 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCA1963B1Z1 | West Bengal | Active | 01 Jul 2017 |
| 03AACCA1963B1ZE | Punjab | Active | 01 Jul 2017 |
| 05AACCA1963B1ZA | Uttarakhand | Active | 01 Jul 2017 |
| 07AACCA1963B1Z6 | Delhi | Active | 01 Jul 2017 |
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 48 board changes on record since 2007: 7 appointments and 41 cessations. The latest: Sachinn Roopnarayan Joshi ceased to be Additional Director on 17 Dec 2021.
901 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 foreign company incorporated in india based in Kolkata, West Bengal, India. The company worked in nbfc, within the financial services industry. It was incorporated on 24 November 1993 and is registered under CIN U65910WB1993FLC060810. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
L&T Finance was incorporated on 24 November 1993. It is registered with the Registrar of Companies, Kolkata.
L&T Finance had 7 directors and KMP:
- Sachinn Roopnarayan Joshi - Whole-Time Director
- Pradeep Vasudeo Bhide - Director
- Rajani Rajiv Gupte - Director
- Thomas Mathew Thumpeparambil - Director
- Dinanath Mohandas Dubhashi - Director
- Nishi Vasudeva - Director
- Apurva Neeraj Rathod - Company Secretary
The CIN (Corporate Identification Number) of L&T Finance is U65910WB1993FLC060810. 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 15th Floor Ps Srijan Tech Park Plot No 52 Block Dn Sector – V Salt Lake City, Kolkata, West Bengal, India – 700091.
L&T Finance can be reached through the website ltfs.com. Its registered office is in Kolkata, West Bengal, India.
The latest financial statements of L&T Finance on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 03 August 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of L&T Finance is 19AACCA1963B1Z1, registered in West Bengal. The company has 25 GST registrations in all, of which 23 are active and 2 are cancelled or inactive. Other active GSTINs include 03AACCA1963B1ZE (Punjab), 05AACCA1963B1ZA (Uttarakhand), 07AACCA1963B1Z6 (Delhi).
L&T Finance operated in the financial services industry, in the nbfc segment.
The peers of L&T Finance by revenue are Infrastructure Leasing and Financial Services Limited, GMR Enterprises Private Limited, Aditya Birla Finance Limited, Bengal & Assam Company Limited, Cholamandalam Financial Holdings Limited, all in the BFSI industry (Finance, Large NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities).
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