L&T Equity Savings Direct Plan Quarterly Dividend Payout (0P0000XV8B)

Overview

L&T Finance Limited, evolving from its previous identity as L&T Finance Holdings Limited in March 2024, anchors its roots in the financial services sector as a distinguished non-banking financial company (NBFC) based in India. Its operations are segmented into Retail Finance, Wholesale Finance, Defocused Business, and Others, offering a broad spectrum of financial products and services. Since its inception in 1994, the company has established its headquarters in Mumbai, India, and functions as a pivotal subsidiary of the prestigious Larsen & Toubro Limited. The company's diverse service offering underscores its commitment to meeting a wide array of financial needs across different customer segments within the Indian market.

Products and Services

• Retail Finance:

  This segment encompasses a variety of financial services aimed at individual consumers and small businesses. It includes:

  • Farmer Finance Services: Catering to the agricultural sector with farm equipment finance and agri-allied finance to support India’s vast agrarian community.
  • Rural Business Finance Services: Offering financial solutions like microfinance loans and rural business loans, designed to bolster the rural economy.
  • Urban Finance Services: Providing urban dwellers with two-wheeler finance, consumer loans, retail housing loans, and loans against property.
  • SME Loans: Small and Medium Enterprises benefit from specialized lending options tailored to their unique needs.
  • Retail Portfolio Acquisition Services: Engaging in the acquisition of retail loan portfolios to diversify and strengthen its own portfolio.
• Wholesale Finance:

  Designed for larger corporate clients, this segment offers:

  • Real Estate Finance: Providing developers and real estate firms with the financial backing needed for property development and investment projects.
  • Infrastructure Finance: Tailored financial solutions for the funding of large-scale infrastructure projects across India.
• Defocused Business:

  This segment channels its efforts into structured corporate loans and debt capital market services, although it suggests a scaling back or a strategic shift away from these areas.

• Others:

  Encompasses services not classified under the previous segments, including asset management, illustrating the company's versatility and comprehensive approach to financial services.