L&T Finance Holdings

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.

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

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

• Retail lending services
• Rural microfinance
• Home loan financing
• Two-wheeler loans
• Gold loan services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. 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.
2. 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

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core 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

Named customers4 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Larsen & Toubro LimitedcoreStrategic or Co-development PartnerL&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 NirbharminorStrategic or Co-development PartnerSocial 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 CommerceminorOthersEducational institution partnership for conducting the 'Pillion Rider to Rider' women empowerment program in Hubballi.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct 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

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&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