L&t Finance Ltd · NSE:LTF
L&t Finance — Q1 FY2025 Earnings Presentation
67 slides from L&t Finance's earnings presentation, Jul 16, 2024
Slide 1: Submission of investor / analyst presentation letter
July 16, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Corporate Relations Department, Plot No. C/1, G Block, 1st Floor, New Trading Ring, Bandra - Kurla Complex, Bandra (East), P. J. Towers, Dalal Street, Mumbai - 400 051. Mumbai - 400 001. Symbol: LTF Security Code No.:
Slide 2: Investor Presentation – Q1FY25
Retail Digital Sustainable L&T Finance Ltd. Investor Presentation – Q1FY25 1
Slide 3: Disclaimer
INTERNAL Disclaimer L&T Finance Limited (formerly known as L&T Finance Holdings Limited) (the “Company”) offers a range of financial products and services under the L&T Finance (LTF) brand. The information provided in this presentation by the Company is for information purposes only. This presentati
Slide 4: Lakshya 2026 goals
Lakshya 2026 goals Convergence at Consolidated level 3
Slide 5: Having achieved Lakshya 2026 goals at Retail level in Q3FY24
INTERNAL Having achieved Lakshya 2026 goals at Retail level in Q3FY24… Convergence at Consolidated level by FY26 RETAIL CONSOL CONSOL RETAILISATION GROWTH ASSET QUALITY ROA GS3 <3% FY26 >95% >25% CAGR 2.8% - 3% NS3 <1% GS3 4.08% FY22 (At Q4: 51% Q4: 10% Q4: Q4: 1.33% | FY: 1.04% launch) NS3 1.98% GS
Slide 6: RoA trajectory over Lakshya 2026 journey
INTERNAL RoA trajectory over Lakshya 2026 journey Endeavouring to drive consistency and predictability Consolidated LTF Q4FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1FY25 Retailisation 51% 54% 58% 64% 75% 82% 88% 91% 94% 95% NIMs 6.58% 6.54% 6.90% 7.41% 7.63% 8.06% 8.62% 8
Slide 7: Executive Summary Q1FY25
Executive Summary Q1FY25 6
Slide 8: Executive Summary – Q1FY25 (1/2)
INTERNAL Executive Summary – Q1FY25 (1/2) v PAT for Q1FY25 at ₹ 686 Cr, growth of 29% YoY v Steady RoA improvement to 2.68%, up 55bps YoY v Retailisation at 95% of overall book • Retail book at ₹ 84,444 Cr, growing 31% YoY • Consol book also grew 13% YoY (highest since Q1FY20 @16% YoY) v Maintained
Slide 9: Executive Summary – Q1FY25 (2/2)
INTERNAL Executive Summary – Q1FY25 (2/2) v Launched beta version of next gen credit underwriting engine – ‘Cyclops’ integrating Credit Bureau, Account Aggregator (AA) and Trust Signals v Reimagined Home Loan offering launched with The Complete Home Loan proposition (Click here to know more) v Augme
Slide 10: Executive Summary – Q1FY25 Financial Performance
INTERNAL Executive Summary – Q1FY25 Financial Performance RETAIL RETAIL DISBURSEMENT CONSOL NIMs+FEES CONSOL ROA DISBURSEMENT ₹ 14,839 Cr 11.08% 2.68% +33% YoY | -1% QoQ +144bps YoY | -17bps QoQ +55bps YoY | + 49bps QoQ RETAIL BOOK CONSOL PAT CONSOL ROE ₹ 84,444 Cr ₹ 686 Cr 11.58% +31% YoY | +6% QoQ
Slide 11: 5 Pillar strategy – An update
5 Pillar strategy – An update 10
Slide 12: 5 Pillar strategy to deliver on Lakshya goals
INTERNAL 5 Pillar strategy to deliver on Lakshya goals 1 2 3 4 5 Implementing Enhancing Sharpening Heightened Capability Futuristic Customer Acquisition Credit Underwriting Brand Visibility Building Digital Architecture • Broadening customer • Optimizing digital • Enhancing brand • Focused enhanceme
Slide 13: Pillar 1: Enhancing Customer Acquisition
INTERNAL Pillar 1: Enhancing Customer Acquisition Rural & Urban Q1 FY24 Q4 FY24 Q1 FY25 Customer Funnels New Customer Acquisition (strategic focus from Q3FY24 onwards) New Customer Acquisition Attracting new (no. in lacs) 6.9 6.8 6.7 customers Expanding Reach (strategic focus from Q3FY24 onwards) Ru
Slide 14: Pillar 1: Enhancing Customer Acquisition
INTERNAL Pillar 1: Enhancing Customer Acquisition Rural & Urban Q1 FY24 Q4 FY24 Q1 FY25 Customer Database Cross-sell & up-sell RURAL URBAN Total Retail disbursement share (Count) 41% 46% 46% Total Retail disbursement share (Value) 34% 34% 36% Rural Group Loans & MFI Repeat % (Count) 50% 58% 59% Rura
Slide 15: Pillar 2: Sharpening Credit Underwriting (1/6)
INTERNAL Pillar 2: Sharpening Credit Underwriting (1/6) Operationalised ‘Project Cyclops’ in beta version in June 2024 NEXT-GEN OMNI-PRODUCT AND OMNI-CUSTOMER UNDERWRITING ENGINE Raw Data Pre-processed Data ML Model BRE Existing to Bureau ETC Credit • ETC + AA Account Salaried / Banking • ETC + Trus
Slide 16: Pillar 2: Sharpening Credit Underwriting (2/6)
Pillar 2: Sharpening Credit Underwriting (2/6) Rural Business Finance – Stringent Portfolio Policy & Sourcing Norms 1 2 3 4 5 Income estimation & total Maker-checker mechanism for Applicant to be 0 DPD Strict Association Norms JLG Indebtedness Norms indebtedness norms sourcing (continued even after
Slide 17: Pillar 2: Sharpening Credit Underwriting (3/6)
Pillar 2: Sharpening Credit Underwriting (3/6) Rural Business Finance – Portfolio Monitoring Norms Monthly customer leverage tracker Strong Early Warning Signals Exclusive Risk Control Unit Comprehensive customer leverage tracker Customer profiling to predict repayment • 700 member strong team with
Slide 18: Pillar 2: Sharpening Credit Underwriting (4/6)
INTERNAL Pillar 2: Sharpening Credit Underwriting (4/6) Leading to a robust portfolio Rural Group Loans (JLG) & Micro Finance (JLG) Basis rolling 12-month sourcing cohorts 99% 99% 99% 99% 99% 1,00,000 5+ Yrs 80,000 ATS (in ₹) 3-5 Yrs On Due Date 60,000 vs Borrower 40,000 1-3 Yrs (ODD) CE % Vintage 2
Slide 19: Pillar 2: Sharpening Credit Underwriting (5/6)
INTERNAL Pillar 2: Sharpening Credit Underwriting (5/6) Farm Equipment Finance Two Wheeler Finance 74% 76 % 73% 73% 73% 10.0 76 % 73% 73% 74% 74% 13 0 Basis rolling 12-month 74 % 73% 9.0 74 % 72% 12 0 sourcing cohorts 8.0 LTV LTV LTV % 72 % 7.0 LTV % 72 % 11 0 70 % 6.0 ATS 70 % 10 0 ATS & 68 % 5.0 &
Slide 20: Pillar 2: Sharpening Credit Underwriting (6/6)
INTERNAL Pillar 2: Sharpening Credit Underwriting (6/6) Home Loans LAP 73 71 70 70 71 70 74 79 Basis rolling 12-month 12 0% 80 12 0% 60 65 80 sourcing cohorts 70 70 10 0% 10 0% ATS 60 ATS ATS 60 ATS 80 % 80 % (₹ in lacs) 50 LTV (₹ in lacs) 50 LTV & 60 % 40 & 60 % 40 67% 65% 64% 62% 66% 30 58% 30 LTV
Slide 21: Pillar 3: Implementing Futuristic Digital Architecture
INTERNAL Pillar 3: Implementing Futuristic Digital Architecture Customer Application & Robust IT Infosec Experience Design Process Engineering Infrastructure • Launch of PLANET 2.0 for • Customized journey for • One Click DR Automation • Certification - ISO 22301: enhanced customer experience partne
Slide 22: Pillar 4: Heightened Brand Visibility
INTERNAL Pillar 4: Heightened Brand Visibility LAUNCHED THE COMPLETE HOME LOAN Multi-channel Engagement Kantar Brand Differentiating Lift Study features Survey shows increase in online ad Home Décor Finance awareness by 14% Achieved Achieved Digitised Process TV 79% reach Outdoor 35% reach Dedicated
Slide 23: Pillar 5: Capability Building
INTERNAL Pillar 5: Capability Building Strengthening the Risk and Compliance culture High Performance Culture Continue to invest in capability building with clear focus on Great Place to Work® survey conducted in Q1 productivity enhancement feedback from 21,000+ employees 3-Tier Compliance structure
Slide 24: Business Update
Business Update 23
Slide 25: Retail disbursement growth of 33% YoY
INTERNAL Retail disbursement growth of 33% YoY ₹ in Cr Rural Business Finance Farmer Finance +28% 8% RETAIL FINANCE 5,768 5,773 4,511 1,757 1,530 1,903 +33% Q1FY24 Q4FY24 Q1FY25 Q1FY24 Q4FY24 Q1FY25 - 24% 15,044 14,839 11,193 Urban Finance SME Finance +44% +61% 5,984 6,043 4,187 Q1FY24 Q4FY24 Q1FY25
Slide 26: Retail book growth of 31% YoY
INTERNAL Retail book growth of 31% YoY ₹ in Cr Rural Business Finance Farmer Finance +31% 8% RETAIL FINANCE 25,887 24,716 13,892 14,204 19,743 13,125 +31% Q1FY24 Q4FY24 Q1FY25 Q1FY24 Q4FY24 Q1FY25 80,037 84,444 +5% +2% 64,274 Urban Finance SME Finance +32% +151% 36,089 38,653 29,261 3,905 4,471 Q1FY
Slide 27: Collection Efficiency (1/2)
INTERNAL Collection Efficiency (1/2) RURAL BUSINESS FINANCE FY24 FY25 RURAL GROUP LOANS & MICRO FINANCE (JLG) 99.8% 99.8% 99.8% 99.9% 99.8% 99.8% 99.8% 99.8% 99.8% 99.7% 99.8% 99.8% 99.7% 99.7% 99.6% RURAL Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar FARMER FINANCE FY24 FY25 FARM EQUIPMENT 89.9%
Slide 28: Collection Efficiency (2/2)
INTERNAL Collection Efficiency (2/2) URBAN URBAN FINANCE TWO WHEELER FINANCE PERSONAL LOANS HOME LOANS & LAP SME FINANCE Robust Collection Efficiencies sustained over time 27 Regular CE = cashflow received from 0 Days Past Due dpd customer for billing / billing of 0 dpd customer | DPD: Days Past Due
Slide 29: Retail Asset Quality (1/3)
INTERNAL Retail Asset Quality (1/3) ‘0 DPD’ for our 3 fulcrum products RURAL GROUP LOANS & MICRO FARM EQUIPMENT FINANCE TWO WHEELER FINANCE FINANCE (JLG) 96.8% 89.0% 84.8% 79.5% 80.7% 87.4% Industry LTF Industry LTF Industry LTF Best-in-class 0 DPD portfolio of LTF vis-à-vis the Industry 28 Industry
Slide 30: Retail Asset Quality (2/3)
INTERNAL Retail Asset Quality (2/3) Stagewise assets & provision summary G Q1FY24 Q4FY24 Q1FY25 R Stage wise (in ₹ Cr) Q1FY24 Q4FY24 Q1FY25 (% of Total) (% of Total) (% of Total) O S S Stage 1 60,480 94.10% 75,863 94.79% 80,065 94.81% A Stage 2 1,731 2.69% 1,903 2.38% 2,024 2.40% S S Stage 3 2,063 3
Slide 31: Retail and Consol Asset Quality (3/3)
INTERNAL Retail and Consol Asset Quality (3/3) Retail and Consol GS3 RETAIL - ASSET QUALITY CONSOLIDATED – ASSET QUALITY 79% 79% 78% 71% 76% 75% 5,000 4,950 4,900 4,850 1 3 % 4,800 4,750 4,700 5,000 4,650 4,600 4,550 4,500 4,450 4,400 4,350 4,300 4,250 4,500 4,200 4,150 1 1 % 4,100 4,050 4,000 3,950
Slide 32: Proactive Asset Liability Management
INTERNAL Proactive Asset Liability Management OUTPERFORMING IN TIMES OF RISING INTEREST RATE ENVIRONMENT DIVERSIFIED LIABILITY MIX WEIGHTED AVERAGE COST OF BORROWING (WACB) 1% 8% 1% 3% 5% 2% 1% Bank Loan - Non-PSL 7.80% 2% Bank Loan - PSL 7.50% 7.46% 29% 28% FI Loan NCD Private x 37% 32% FY22 FY23 F
Slide 33: Annexures
Annexures 32
Slide 34: Index of Annexures
INTERNAL Index of Annexures I Dominant Retail Franchise built over a decade II Financials III Other Annexures 33
Slide 35: L&T Finance Pedigree & Position
INTERNAL L&T Finance Pedigree & Position Top 10 Retail NBFCs Part of illustrious Upper Layer NBFC Amongst Highest Credit Top Notch L&T group as per RBI classification Top Retail NBFCs Rating – ‘AAA’ ESG Ratings Built on the foundation of Trust & Commitment 34
Slide 36: Retail Businesses
INTERNAL Retail Businesses Rural Group Loans & Two Wheeler Finance Micro Finance (JLG) Rural Business Finance Urban Micro LAP Home Loans & LAP Finance Q1 Portfolio 48% FY24 Mix 52% Farm Equipment RURAL URBAN Personal Loans Finance Farmer SME Finance Finance SME Loans to Agri Allied Professionals & T
Slide 37: Retail Franchise & Right to Win
INTERNAL Retail Franchise & Right to Win DIVERSIFIED RETAIL NBFC Q1 1 Cr+ 48% Portfolio FY24 Mix 52% downloads Pan-India presence RURAL URBAN Leveraging 2.4 Cr 13,500+ Optimised Digital Service ~2,00,000 Villages customer franchise Distribution & Distribution delivery 100+ Cities / Towns for cross s
Slide 38: Granular and extensive distribution network
INTERNAL Granular and extensive distribution network State Rural Branches Urban Branches 18 1 ~2,00,000 20 2 100+ States UT Villages States UT Cities / Towns Madhya Pradesh 97 11 Maharashtra 27 18 Uttar Pradesh 123 10 Gujarat 76 11 Karnataka 231 12 West Bengal 118 12 Andhra Pradesh 1 11 Telangana 29
Slide 39: Market dominance through fulcrum product built over a decade (1/3)
INTERNAL Market dominance through fulcrum product built over a decade (1/3) Rural Group Loans and Micro Finance (JLG) - amongst the Leading Financiers Well diversified Operational Customer footprint excellence Centricity • Automated underwriting; geo- • LTF exclusive customers at Rural Group Loans &
Slide 40: Market dominance through fulcrum product built over a decade (2/3)
INTERNAL Market dominance through fulcrum product built over a decade (2/3) Farm Equipment Finance – amongst the Leading Financiers Well diversified Dealer / OEM Customer footprint Relationship Centricity Farm Equipment Finance • 170+ branches across 18 states • ~2,500 Dealers • Retention products (
Slide 41: Market dominance through fulcrum product built over a decade (3/3)
INTERNAL Market dominance through fulcrum product built over a decade (3/3) Two Wheeler Finance - amongst the Leading Financiers Well diversified Dealer / OEM Customer footprint Relationship Centricity • 11,000+ Sourcing points Two Wheeler Finance • Straddle continuum from New To • 111 locations acr
Slide 42: Index of Annexures
INTERNAL Index of Annexures I Dominant Retail Franchise built over a decade II Financials III Other Annexures 41
Slide 43: Lending Business – Business wise disbursement split
INTERNAL Lending Business – Business wise disbursement split Disbursement Q1FY24 Particulars (Rs Cr ) Q4FY24 Q1FY25 Y-o-Y (%) Farmer Finance 1,757 Farm Equipment Finance 1,530 1,903 8% Rural Business Finance 4,240 Rural Group Loans (JLG) 5,639 5,659 28% 271 Micro Finance (JLG) 129 114 Urban Finance
Slide 44: Lending Business – Business wise book split
INTERNAL Lending Business – Business wise book split Book Q1FY24 Segments (₹ Cr) Q4FY24 Q1FY25 Y-o-Y (%) Farmer Finance 13,125 Farm Equipment Finance 13,892 14,204 8% Rural Business Finance Rural Group Loans & Micro 19,743 24,716 25,887 31% Finance Loans Urban Finance 9,190 Two Wheeler Finance 11,20
Slide 45: LTF Consolidated – Summary financial performance (1/2)
LTF Consolidated – Summary financial performance (1/2) Performance Summary Q1FY24 Summary P&L (₹ Cr ) Q4FY24 Q1FY25 Y-o-Y (%) 3,008 Interest Income 3,244 3,371 12% 1,364 Interest Expense 1,335 1,351 (1%) 1,644 NIM 1,909 2,020 23% 323 Fee & Other Income 441 383 19% 1,967 Total Income 2,350 2,403 22%
Slide 46: LTF Consolidated – Summary financial performance (2/2)
LTF Consolidated – Summary financial performance (2/2) Performance Summary Q1FY24 Particulars (₹ Cr ) Q4FY24 Q1FY25 Y-o-Y(%) 78,566 Closing Book 85,565 88,717 13% 82,059 Average Book 84,014 87,002 6% 22,072 Networth 23,438 23,529 7% 89.0 Book Value per share (₹) 94.2 94.5 6% 2.1 Basic Earning per sh
Slide 47: LTF Consolidated – Key ratios
INTERNAL LTF Consolidated – Key ratios Key Ratios Q1FY24 Key Ratios Q4FY24 Q1FY25 14.74% Yield 15.53% 15.54% 8.06% Net Interest Margin 9.14% 9.31% 1.58% Fee & Other Income 2.11% 1.77% 9.64% NIM + Fee & Other Income 11.25% 11.08% 3.81% Operating Expenses 4.69% 4.45% 5.83% Pre-provision Operating Prof
Slide 48: Index of Annexures
INTERNAL Index of Annexures I Dominant Retail Franchise built over a decade II Financials III Other Annexures PLANET and Digital Update Asset Liability Management & Credit Ratings Sustainability (ESG & CSR) Board and Senior Management 47
Slide 49: App as a powerful digital channel for customer
INTERNAL App as a powerful digital channel for customer PLANET App Features OUR ‘PLANET’ APP FEATURES Completed In Progress (Launched in March 2022) Servicing features Engagement features Autonomous journeys View Loan Account Mandi Price Details & update Profile Rewards & (Farm customer) D2C journey
Slide 50: Developing digital finance delivery as a customer value proposition
INTERNAL Developing digital finance delivery as a customer value proposition ₹ 1,700 Cr+ ₹ 7,000 Cr 265 Lac+ 12 Lac+ Collections Sourcing Servicing Experience Rural Customers ₹ in Cr Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 SOURCING -- 127 843 630 1,168 1,175 715 1,126
Slide 51: App as a powerful digital channel for customer (2/2)
INTERNAL App as a powerful digital channel for customer (2/2) PLANET App: Service Measurement Metrics upto Q1FY25 Update Count in lacs Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 SERVICING RESOLUTION 1.5 7.4 14.4 18.6 21.5 26.0 41.4 85.8 90.4 Mainly includes: SOA Download
Slide 52: Developing digital finance delivery as a customer value proposition
INTERNAL Developing digital finance delivery as a customer value proposition Digital delivery: Touching every part of the customer ecosystem 100% 100% 97% 28% 95% Paperless Journey in Rural Group Loans, Digital eNach Digital Digital 2W Finance, Disbursements Penetration Collections Collections Farm
Slide 53: Digital collections trend in Rural Group Loans & Micro Finance
INTERNAL Digital collections trend in Rural Group Loans & Micro Finance Marked improvement in Digital collections in 1 year Digital Colln Amt (₹ Cr) Digital Colln (nos in lacs) Digital collection % 11.6 12.0 10.9 3 5 0 10.5 8.8 1 0 . 3 0 7.0 5.4 5.2 2 5 0 2.8 2.9 2.9 5 .0 2 0 1.4 1.5 1.7 1.9 317 332
Slide 54: Net Promoter Score
INTERNAL Net Promoter Score Investing in enriching customer experience to build brand loyalty LTF achieved an overall Net Promoter Score (NPS) of 54 53 49 51 60 57 64 Rural Group Loans & Farm Equipment Two Wheeler Personal Home Loans SME Micro Finance (JLG) Finance Finance Loans & LAP Loans NPS in R
Slide 55: Index of Annexures
INTERNAL Index of Annexures I Dominant Retail Franchise built over a decade II Financials III Other Annexures PLANET and Digital Update Asset Liability Management & Credit Ratings Sustainability (ESG & CSR) Board and Senior Management 54
Slide 56: Prudent ALM - as on June 2024
INTERNAL Prudent ALM - as on June 2024 Structural Liquidity statement 69,960 Cumulative Inflows (Rs. Cr) 46,511 Cumulative Outflows (Rs. Cr) 33,373 34,166 27,344 20,082 22,894 21,480 18,314 11,822 3,922 7,624 1,848 2,235 1-7 days 8-14 days 15 days-1 month 1-2 months 2-3 months 3-6 months 6-12 months
Slide 57: AAA credit rating: ratings update & rationale
INTERNAL AAA credit rating: ratings update & rationale Credit Ratings – LTF Rating Agency Long-term / Short-term Rating of LTF CRISIL Ratings CRISIL AAA (Stable) / CRISIL A1+ ICRA ICRA AAA (Stable) / ICRA A1+ India Ratings IND AAA (Stable) / IND A1+ CARE Ratings CARE AAA (Stable) / CARE A1+ Key stre
Slide 58: Index of Annexures
INTERNAL Index of Annexures I Dominant Retail Franchise built over a decade II Financials III Other Annexures PLANET and Digital Update Asset Liability Management & Credit Ratings Sustainability (ESG & CSR) Board and Senior Management 57
Slide 59: L&T Finance – Businesses aligned with Sustainability goals
INTERNAL L&T Finance – Businesses aligned with Sustainability goals RURAL : ₹ 40,000 Cr+ Book Business deeply intertwined with ESG SDG Linkage 1,800+ Branches Penetrating underserved Pan-India Reach Active customers across ~2,00,000 Villages geographies Geo presence 21,000+ employees hired from Rura
Slide 60: ESG : Key Achievements (1/2)
INTERNAL ESG : Key Achievements (1/2) Key highlights Disclosure of BRSR Core parameters in advance of regulatory deadline ESG Ratings Assurance by Independent 3rd Party A- Leadership Category (Climate Change 2023) Integrated Annual 23 sustainability targets adopted (14 new) Report FY24 ‘C’ CDP suppl
Slide 61: ESG : Key Achievements (2/2)
INTERNAL ESG : Key Achievements (2/2) Environment Social Governance • Emissions avoided (EV financing): ~3,090 tCO2e • 1st gamified learning module on DE&I awareness • > 50% Independent Board Members and sensitization • Emissions avoided (green power): ~500 tCO2e • 50% of Independent Directors are w
Slide 62: Corporate Social Responsibility
INTERNAL Corporate Social Responsibility Social Good, Communities@scale Digital & Financial Inclusion Disaster Management MoUs signed with implementing agencies for extending Digital Sakhi Relief kits distributed to 500+ families of victims of fire breakout in projects in Bihar, Uttar Pradesh and Ra
Slide 63: Meaningful CSR Impact
INTERNAL Meaningful CSR Impact Over the past 7 years Leading the way! States Districts Villages Overall Outreach ISO 26000:2010 Social Responsibility 12 23 1800+ 43 Lakh+ L&T Finance’s CSR earns prestigious ISO 26000:2010 Certificate of Conformance for complying with National & International Standar
Slide 64: Index of Annexures
INTERNAL Index of Annexures I Dominant Retail Franchise built over a decade II Financials III Other Annexures PLANET and Digital Update Asset Liability Management & Credit Ratings Sustainability (ESG & CSR) Board and Senior Management 63
Slide 65: Well experienced and diversified Board
INTERNAL Well experienced and diversified Board BOARD OF DIRECTORS S.N. Subrahmanyan, Non-Executive Director, Chairperson Sudipta Roy, Managing Director & CEO o Current Chairman & Managing Director of Larsen and Toubro Limited. o 28 years of experience across multiple domains in BFSI such as o Over
Slide 66: Management Team
INTERNAL Management Team Sudipta Roy Managing Director & CEO 28 yrs exp, ICICI Bank, Deutsche Bank, Citibank NA Sachinn Joshi CFO Raju Dodti Santosh Parab COO General Counsel 34 yrs exp, Aditya Birla 26 yrs exp, IDFC, Rabo, ABN Financial Services, Angel 31 yrs exp, IDBI, IDFC, Altico Amro, Soc Gen B
Slide 67: Thank You
Thank You —————ESEaeae ae eee 66 ) L&T Finance >>