About L&T Fincorp Limited
Data last updated:
L&T Fincorp 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 21 May 1997.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U65910MH1997PLC108179. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹300 Cr and a paid-up capital of ₹272.97 Cr. It was led by directors including Arun Ramanathan and Rupa Rege Nitsure.
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 ₹786.91 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹183.37 Cr (net margin 23.3%) and EBITDA of ₹707.81 Cr (EBITDA margin 89.9%).
The company had about 45 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹6,941.75 Cr on record. Court records list 47 cases involving the company, including 24 filed by the company and 23 filed against it; 5 cases are pending.
The last known website on record is ltfincorp.com.
Company details
CIN history
L&T Fincorp has one previous CIN (Corporate Identification Number): U40100MH1997PLC108179. The current CIN is U65910MH1997PLC108179, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65910MH1997PLC108179 | Current |
| U40100MH1997PLC108179 | Previous |
Contact details
L&T Fincorp Limited's registered office is in Mumbai, Maharashtra. Its website is ltfincorp.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressL & T House Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryFinancial Services, NBFC
To see the full contact details of L&T Fincorp 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 Fincorp 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 Fincorp Limited, buy the company report.
Financials of L&T Fincorp Limited
FY 2016 filings availableL&T Fincorp Limited reported revenue of ₹786.91 Cr (up 37% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 37% in the latest year. EBITDA rose 40% 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 | ₹786.91 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹707.81 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹183.37 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 | 89.9% | |
| Net Profit Margin | 23.3% | |
| 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 Fincorp Limited, buy the company report.
Board of directors of L&T Fincorp Limited
L&T Fincorp has 5 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arun Ramanathan | Director | 31 Mar 2015 | 11 Years 7 Months | As last reported |
| Rupa Rege Nitsure | Director | 27 Apr 2016 | 10 Years 6 Months | As last reported |
| Dinanath Mohandas Dubhashi | Director | 06 Apr 2016 | 10 Years 6 Months | As last reported |
| Ajit Kumar Jain | Director | 31 Mar 2015 | 11 Years 7 Months | As last reported |
| Pavninder Singh | Director | 19 Jan 2016 | 10 Years 9 Months | As last reported |
Peer comparison
L&T Fincorp Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (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 |
|---|---|---|---|---|---|---|
| SBFC Finance Limited | ₹1,019.92 Cr (FY 2024) | 38.0% | Mumbai, Maharashtra, India | |||
| The Peerless General Finance & Investment Co Ltd | ₹787.15 Cr (FY 2024) | 30.0% | Kolkata, West Bengal, India | |||
| L&T Fincorp Limitedthis company | ₹786.91 Cr (FY 2016) | ₹183.37 Cr | 23.3% | 37.0% | Mumbai, Maharashtra, India | |
| Srei Infrastructure Finance Limited | ₹739.61 Cr (FY 2024) | -53.0% | Kolkata, West Bengal, India | |||
| Fingrow Investment Ventures Private Limited | ₹728.88 Cr (FY 2025) | 4490.0% | Indore, Madhya Pradesh, India | |||
| Equitas Micro Finance Limited | ₹606.43 Cr (FY 2016) | 38.0% | Chennai, Tamil Nadu, India | |||
| Bajaj Sevashram Private Limited | ₹594.56 Cr (FY 2018) | 130.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of L&T Fincorp Limited, buy the company report.
Auditor
L&T Fincorp Limited is audited by Sharp & Tannan for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sharp & Tannan | FY 2016 |
Shareholding
The shareholding of L&T Fincorp Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of L&T Fincorp Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Mar 2016 | 100017543 | Others | ₹200 Cr | Satisfied | |
| 22 Feb 2016 | 10625406 | Federal Bank | ₹150 Cr | Satisfied | |
| 30 Oct 2015 | 10608716 | Others | ₹20 Cr | Satisfied | |
| 30 Oct 2015 | 10608707 | Gda Trusteeship Limited | ₹130 Cr | Satisfied | |
| 22 May 2015 | 10575887 | Gda Trusteeship Limited | ₹200 Cr | Satisfied |
To see the full charge records of L&T Fincorp Limited, buy the company report.
Total charge records: 37 View all charges
Legal cases
L&T Fincorp Limited has 47 court cases on record: 24 filed by L&T Fincorp, 23 filed against it. 5 cases are pending and 42 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 7 | 3 |
| High courts | 21 | 15 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 47)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed by the company against Sew Infrastructure Ltd. | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by L and T Infrastructure Finance Company Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Asa Holdings Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed against the company by Sew Infrastructure Ltd.-Aplcnt. and 11 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed by the company against 1.Sumgo Engineering Pvt Ltd 2.Venurajan Nair 3.Gopalkrishnan Narayan Nair and Ors | Disposed |
To see the full case history of L&T Fincorp 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 Fincorp Limited was last rated by Icra on 12 Apr 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 12 Apr 2017 |
To see the full credit ratings and regulatory alerts of L&T Fincorp Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for L&T Fincorp Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
L&T Fincorp has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of L&T Fincorp Limited, buy the company report.
Recent activity
L&T Fincorp Limited has 22 board changes on record since 2006: 5 appointments and 17 cessations. The latest: Dinanath Mohandas Dubhashi ceased to be Additional Director on 15 Jun 2016.
102 earlier events are in the company report.
Frequently asked questions
L&T Fincorp 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 Fincorp was a public limited company based in Mumbai, Maharashtra, India. The company worked in nbfc, within the financial services industry. It was incorporated on 21 May 1997 and is registered under CIN U65910MH1997PLC108179. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
L&T Fincorp was incorporated on 21 May 1997. It is registered with the Registrar of Companies, Mumbai.
L&T Fincorp had 5 directors:
- Arun Ramanathan - Director
- Rupa Rege Nitsure - Director
- Dinanath Mohandas Dubhashi - Director
- Ajit Kumar Jain - Director
- Pavninder Singh - Director
The CIN (Corporate Identification Number) of L&T Fincorp is U65910MH1997PLC108179. 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 Fincorp is at L & T House Ballard Estate, Mumbai, Maharashtra, India – 400001.
L&T Fincorp can be reached through the website ltfincorp.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of L&T Fincorp 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 Fincorp has 1 GST registration on record and it is cancelled or inactive.
L&T Fincorp operated in the financial services industry, in the nbfc segment.
The peers of L&T Fincorp by revenue are SBFC Finance Limited, The Peerless General Finance & Investment Co Ltd, Srei Infrastructure Finance Limited, Fingrow Investment Ventures Private Limited, Equitas Micro Finance Limited and 1 more, all in the BFSI industry (NBFC), with the same principal business activity (other financial activities).
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