L&T Finance Holdings
L&T Finance Holdings is an Indian publicly listed NBFC and subsidiary of Larsen & Toubro, providing retail home, personal, two-wheeler, gold, business, farmer, and rural group loans to consumers, MSMEs, and women entrepreneurs across India via digital and branch channels.
- Company typePublic
- Founded2008
- HeadquartersMumbai, India
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
What L&T Finance Holdings does
L&T Finance Holdings (now operating as L&T Finance Limited) is an Indian Non-Banking Financial Company (NBFC) and a subsidiary of Larsen & Toubro Limited, one of India's largest engineering and construction conglomerates. Incorporated in 2008 and publicly listed on Indian exchanges (BSE: 533519, ticker L&TFH), the company is headquartered in Mumbai with 10,000+ employees and operates a diversified lending franchise spanning retail home loans, personal loans, two-wheeler loans (including electric vehicles), business and professional loans, gold loans, loans against property, farmer financing, and rural group lending targeted at women borrowers (Vikaas, Vishwas, Pragati, Spoorthi). It also acts as an IRDAI-registered Corporate Agent distributing general, health, and life insurance products.
The company's technology stack centers on a digital lending platform anchored by the Planet App (iOS/Android) for loan origination, EMI servicing, and customer management, an AI Lab (lab.ltfinance.com) for developing lending-specific AI/ML capabilities, an NLP-based chatbot (KAI) for customer support, and an instant decisioning layer enabling 8-minute loan approval for select products and 48-hour paperless disbursement for farm loans. A rural marketplace adds agri-services (mandi prices, crop planner, crop doctor, Farm 360) on top of the core credit product, and the company partners with Green Agrevolution and L&T Realty to extend distribution reach.
Revenue is generated primarily through interest income across secured and unsecured credit products, supplemented by commission income from insurance distribution and fees. Pricing is product-specific — home loans from 7.75% p.a., business loans from 11.25% p.a., rural group loans 16-23.90% per annum, gold loans from Rs. 5,000 upwards — and the company pursues a hybrid go-to-market combining direct digital channels (website, Planet App), physical branches, co-lending partnerships, and Lending Service Providers (LSPs) under RBI guidelines. Capital sources include domestic markets, foreign currency borrowings (notably a $125M JICA facility in March 2024), and parent-group support.
L&T Finance Holdings firmographics
Firmographics- Name
- L&T Finance Holdings
- Legal name
- L&T Finance Limited
- Website
- https://ltfs.com
- Company type
- Public
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- L&T Finance Holdings is an Indian publicly listed NBFC and subsidiary of Larsen & Toubro, providing retail home, personal, two-wheeler, gold, business, farmer, and rural group loans to consumers, MSMEs, and women entrepreneurs across India via digital and branch channels.
- Ownership category
- akta.pro rank
L&T Finance Holdings industry classification
Industry- Product category
- Non-Banking Financial Services (Retail & Rural Lending)
- NAICS
- Sales Financing (52222)
- SIC
- Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Trade Finance & Supply Chain Finance Platforms (FSAGAJAL)
- akta.pro secondary industry
- B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC)
Keywords
Where L&T Finance Holdings is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
L&T Finance Holdings business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Interest Income from Loans: L&T Finance generates revenue primarily through interest income on various loan products including home loans (starting at 7.75% p.a.), personal loans, business loans (starting at 11.25% p.a. for professionals, 15% p.a. for businesses), rural group loans (16% to 23.90% per annum), two-wheeler loans, farmer loans, gold loans, and loans against property. The company operates as an NBFC offering both secured and unsecured credit products.
- Insurance Distribution: L&T Finance acts as a Corporate Agent (IRDAI Registration No. CA0867) for soliciting and procuring General, Health, and Life Insurance business, earning commission income from insurance product distribution.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Home Loan - Competitive rates starting at 7.75% p.a. |
| Subscription | Monthly | Personal Loan - Up to Rs. 30 Lakhs |
| Subscription | Monthly | Business Loan - Starting at 11.25% p.a. |
| Subscription | Monthly | Rural Group Loans - 16% to 23.90% per annum |
| Unit Pricing | Pay-as-you-go | Gold Loan - Starting from Rs. 5,000 |
| Subscription | Monthly | Two Wheeler Loan - Up to 100% financing |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels5 records
L&T Finance Holdings product offering
Product offeringCore offering
L&T Finance Holdings (now L&T Finance Limited) is an Indian Non-Banking Financial Company (NBFC) that provides a diversified suite of retail and rural lending products, including home loans, personal loans, two-wheeler loans, business loans, rural group loans, farmer/tractor loans, gold loans, and loans against property. The company distributes credit through its own branch network, the Planet App digital platform, and co-lending/LSP partnerships, while also acting as a Corporate Agent for general, health, and life insurance distribution.
Differentiator
Problem solved
Functional benefit
Brands
- Planet: Digital lending and payments platform/app for loan management, EMI payments, and customer servicing
- Partner Planet
- Spoorthi
- KAI
- Saksham Niveshak
Products and services
- Home Loan Home loan product for individual borrowers covering home purchase, balance transfer, top-up, construction, renovation, and home decor finance, with loan sizes up to Rs. 10 Crore and interest rates starting at 7.75% p.a.
- Personal Loan Unsecured personal loan for salaried and self-employed individuals for purposes including vacation, wedding, education, home renovation, medical emergencies, and debt consolidation, with up to Rs. 30 Lakhs disbursed via a 100% digital journey with quick disbursal.
- Two-Wheeler Loan Financing for two-wheelers including electric bikes and super bikes, offering up to 100% financing with maximum tenure of 60 months for individual consumers.
- Business Loan Collateral-free business loan for MSMEs, doctors, chartered accountants, company secretaries, and other professionals, including supply chain financing, with loans up to Rs. 1 Crore and rates starting at 11.25% p.a. for professionals and 15% p.a. for businesses.
- Rural Group Loans (Vikaas, Vishwas, Pragati) Group lending products (Vikaas, Vishwas, Pragati) for women borrowers in rural and semi-urban areas, with rates ranging 16% to 23.90% per annum, micro LAP up to Rs. 25 Lakhs, and Samriddhi loans for rural entrepreneurs.
- Farmer Loan Agricultural lending for farmers covering new tractor purchase, agri-implements, Kisan Suvidha top-up loans, refinance loans, and warehouse receipt finance, with paperless disbursement within 48 hours.
- Loan Against Property (LAP) Secured lending against property for individuals and businesses, including Micro LAP up to Rs. 25 Lakhs, LAP balance transfer, and LAP top-up, with flexible tenure up to 20 years.
- Gold Loan Gold-backed lending product for individual borrowers pledging gold ornaments, ranging from Rs. 5,000 up to Rs. 1 Crore with tenure up to 12 months, available in variants Shreyas, Sahaj, Sudarshan, and Swarnim.
- Insurance Distribution Insurance product distribution as a Corporate Agent (IRDAI Registration No. CA0867), soliciting and procuring General, Health, and Life Insurance business on behalf of insurance partners.
Quantifiable outcome
- Two-Wheeler Finance disbursements of Rs. 3,217 crore in Q3 FY26 with 33% YoY growth
- +3 more outcomes
Companies that use L&T Finance Holdings
Customer profileNamed customers4 records
Segments7 records
Ideal customer profiles6 records
L&T Finance Holdings technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature5 records
L&T Finance Holdings partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Larsen & Toubro LimitedcoreL&T Finance Holdings (now L&T Finance Limited) is a subsidiary of Larsen & Toubro Limited (L&T), one of India's largest engineering and construction conglomerates. L&T provides brand backing, corporate governance, and strategic direction.
- Aatm NirbharminorSocial enterprise partnership for the 'Pillion Rider to Rider' program in Hubballi, training women in two-wheeler riding skills and assisting with learner's licenses.
- K.L.E. Society's Jagadguru Gangadhar College of CommerceminorEducational institution partnership for conducting the 'Pillion Rider to Rider' women empowerment program in Hubballi.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
L&T Finance Holdings competitors and assessment
Company assessmentDirect peers
- Bajaj Finance: India's largest and most diversified NBFC, offering consumer durable loans, two-wheeler and auto finance, personal loans, SME lending, and digital lending — directly overlapping L&T Finance's core product set with a much larger scale.
- Shriram Finance: Leading Indian NBFC with strong presence in commercial vehicle and two-wheeler finance, plus small business and gold loans — directly comparable product mix in vehicle finance and rural retail lending.
- Cholamandalam Investment and Finance: Major Indian NBFC focused on vehicle finance, home loans, SME loans, and personal loans — closely comparable in product mix and target segments, with similar vehicle finance growth dynamics.
- Manappuram Finance: Diversified NBFC with gold loans, microfinance, and vehicle finance — overlapping gold loan and microfinance/rural lending offerings with L&T Finance.
- Muthoot Finance: India's largest gold loan NBFC with a strong pan-India branch network — directly comparable in the gold loan segment that L&T Finance has expanded aggressively.
- LIC Housing Finance: Major Indian housing finance company with home loans and LAP products — direct peer in L&T Finance's home loan and loan-against-property segments.
- Mahindra & Mahindra Financial Services: NBFC subsidiary of the Mahindra Group serving rural and semi-urban India with vehicle loans, tractor finance, SME loans, and microfinance — highly comparable rural and farm lending focus.
Broad incumbents
- HDFC Bank: India's largest private sector bank offering home loans, personal loans, vehicle finance, and rural banking — a broad incumbent with overlapping retail lending capabilities that compete with L&T Finance.
Emerging players
- CreditAccess Grameen: India's largest microfinance institution focused on rural women borrowers — directly comparable in rural group lending and women-focused financial inclusion segments.
- Spandana Sphoorty Financial: Microfinance-focused NBFC serving rural and semi-urban women borrowers — comparable in rural group lending dynamics to L&T Finance's Vikaas/Vishwas/Pragati programs.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
L&T Finance Holdings financial estimates
Financial estimateRevenue estimate
Valuation estimate
L&T Finance Holdings leadership team
Management profileNumber of profiles
Profiles1 record
L&T Finance Holdings subsidiaries and ownership
Company hierarchySubsidiaries3 records
L&T Finance Holdings funding detail
Funding detailFunding overview
Funding rounds4 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
L&T Finance Holdings M&A and investment
M&A and investmentM&A2 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about L&T Finance Holdings
What does L&T Finance Holdings do?
L&T Finance Holdings (now L&T Finance Limited) is an Indian Non-Banking Financial Company (NBFC) that provides a diversified suite of retail and rural lending products, including home loans, personal loans, two-wheeler loans, business loans, rural group loans, farmer/tractor loans, gold loans, and loans against property. The company distributes credit through its own branch network, the Planet App digital platform, and co-lending/LSP partnerships, while also acting as a Corporate Agent for general, health, and life insurance distribution.
Is L&T Finance Holdings a public or private company?
L&T Finance Holdings is a public company. It is classified as public and is currently operating.
When was L&T Finance Holdings founded?
L&T Finance Holdings was founded in 2008. It employs 5,001 to 10,000 people.
Where is L&T Finance Holdings based?
L&T Finance Holdings is headquartered in Mumbai, India, in the Asia region.
How does L&T Finance Holdings make money?
Two revenue lines are on record. Interest Income from Loans are the primary driver. The others are insurance Distribution.
Who are L&T Finance Holdings's main competitors?
Direct peers on record are Bajaj Finance, Shriram Finance, Cholamandalam Investment and Finance, Manappuram Finance, Muthoot Finance, LIC Housing Finance and Mahindra & Mahindra Financial Services. HDFC Bank is listed as a broad incumbent. Emerging players are CreditAccess Grameen and Spandana Sphoorty Financial.
Does L&T Finance Holdings have an API?
No public API is recorded for L&T Finance Holdings.
What industry is L&T Finance Holdings in?
L&T Finance Holdings's product category is Non-Banking Financial Services (Retail & Rural Lending). Its primary akta.pro industry code is FSAGAJAL, Trade Finance & Supply Chain Finance Platforms, with a secondary code of FSAGAIAC, B2B / Invoice-Based BNPL (Trade Credit at Checkout). Its NAICS code is 52222 and its SIC code is 6153.