L&t Finance Ltd · NSE:LTF
L&t Finance — Q2 FY24 Earnings Presentation
65 slides from L&t Finance's earnings presentation, Oct 20, 2023
Slide 1: L&T Finance exchange submission letter
{fjJ L&T Finance October 20, 2023 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: L&
Slide 2: Strategy & Results Update – Q2FY24
Strategy & Results Update - Q4FY23 and FY23 Strategy & Results Update – Q2FY24 e l&T Finance 1
Slide 3: Disclaimer
INTERNAL Disclaimer L&T Finance Holdings Limited (the “Company”) offers a range of financial products and services through its wholly-owned subsidiaries. L&T Finance (LTF) is the brand name of L&T Finance Holdings Limited and its subsidiaries. The information in this presentation is provided by the
Slide 4: Lakshya 2026
Lakshya 2026 RETAIL. DIGITAL. SUSTAINABLE. To be a top-class ‘digitally-enabled’ retail finance company moving from ‘product-focused’ to ‘customer-focused’ approach 3
Slide 5: Lakshya 2026 Goals: Beginning of a 4-year journey from April 2022
INTERNAL Lakshya 2026 Goals: Beginning of a 4-year journey from April 2022 Retailisation Retail Growth Asset Quality RoA GS3 <3% >80% >25% CAGR 2.8% - 3% NS3 <1% 4
Slide 6: Agenda
INTERNAL Agenda A Journey towards Lakshya 2026 Q2FY24 in Perspective Fintech@Scale Update B Annexures 5 e l&T Finance
Slide 7: Performance against Lakshya 2026 goals – Q2FY24
INTERNAL Performance against Lakshya 2026 goals – Q2FY24 Retailisation Retail Growth Retail Asset Quality Retail RoA LAKSHYA 2026 GS3 <3% >80% >25% CAGR 2.8% - 3% GOALS NS3 <1% YEAR 0 - FY22 GS3 3.82% Q4 FY 51% 10% YoY RETAIL NS3 1.14% 2.58% 1.66% YEAR 1 - FY23 GS3 3.41% Q4 FY 75% 35% YoY RETAIL NS3
Slide 8: Metamorphosizing into a Retail Company
INTERNAL Metamorphosizing into a Retail Company in Rs Cr BOOK MIX Strong Retail Growth Accelerated Wholesale* Reduction 33% YoY 69,417 38,058 64,274 52,040 (76%) YoY Q1 Q2 88% FY24 FY24 12% 14,292 9,318 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 Robust, diversified Retail growth continues • Retail •
Slide 9: Retail: A deep pan India franchise
INTERNAL Retail: A deep pan India franchise in nos. 1 Geo presence 2 Channel presence / Digital journeys 3 Customer Database LTF Retail Customer Franchise (Q2FY24 in numbers) RURAL 1,700+ Farm Equipment Two wheeler Active customer 90 Lac+ 2,500+ 6,500+ franchise ~1.46 Cr Branches Dealer Partnerships
Slide 10: Translating to a sustained Retail disbursement growth
INTERNAL Translating to a sustained Retail disbursement growth of 32% YoY Pivoted to highest ever quarterly disbursements of Rs. 13,499 Cr in Rs Cr Retail Disbursements 13,499 10,238 11,193 Q2FY23 Q1FY24 Q2FY24 Rural Business Finance Farmer Finance Urban Finance SME Finance 5,740 4,418 4,511 4,859 4
Slide 11: Retail disbursement growth (1/3)
INTERNAL Translating to a sustained Retail disbursement growth of 32% YoY (1/3) Delivered through optimum mix of customer retention & cross sell RURAL Rural Group Loans & Micro Finance (JLG) Farm Equipment Finance Total disbursements Analytics driven dealer relationships for higher counter share 70%
Slide 12: Retail disbursement growth (2/3)
INTERNAL Translating to a sustained Retail disbursement growth of 32% YoY (2/3) Delivered through optimum mix of customer retention & cross sell URBAN Two wheeler Finance Personal Loans Created Personal Loans product from 2W for 58% 42% cross sell / up sell 54% of total disbursements 2W Loyalty / To
Slide 13: Retail disbursement growth (3/3)
INTERNAL Translating to a sustained Retail disbursement growth of 32% YoY (3/3) Delivered through optimum mix of customer segments URBAN Home Loans & LAP SME Finance 78% 42% 58% 22% Total Small Self-Employed Professionals Total Salaried Self Employed disbursements Business (e.g. Doctors, CAs) disbur
Slide 14: Leading to Retail book growth of 33% YoY
INTERNAL Leading to Retail book growth of 33% YoY in Rs Cr Retail Book 64,274 69,417 52,040 Q2FY23 Q1FY24 Q2FY24 Rural Business Finance Farmer Finance Urban Finance SME Finance 29,261 31,253 19,743 21,672 23,841 15,840 11,865 13,125 13,351 1,779 2,413 321 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 Q2
Slide 15: Superior collection efficiencies over time
INTERNAL While displaying superior collection efficiencies over time RURAL BUSINESS FINANCE URBAN FINANCE FY23 -+-FY24 -+- FY23 -+- FY24 RURAL GROUP LOANS & MICRO FINANCE (JLG) 199.8% 1 199.8% 1 199.8% 1 199.9% 1 199.8% 1 199.8% 1 I98.o% 1 I98.8% 1 198.7% 1 TWO WHEELER I I I I I I FINANCE 199.5% 1 1
Slide 16: Best-in-class '0 DPD' across flagship products
INTERNAL …& best-in-class ‘0 DPD’ across flagship products RURAL GROUP LOANS & FARM EQUIPMENT TWO WHEELER FINANCE MICRO FINANCE (JLG) FINANCE 88.6% 96.8% 84.5% 79.6% 87.0% 77.0% Industry LTF Industry LTF Industry LTF Best-in-class 0 DPD portfolio of LTF vis-à-vis the Industry 15 Industry figures are
Slide 17: Pristine Retail Asset Quality (1/2)
INTERNAL … resulting in pristine Retail Asset Quality (1/2) Stagewise assets & provision summary G Q2FY23 Q1FY24 Q2FY24 R Stage wise (in Rs Cr) Q2FY23 Q1FY24 Q2FY24 (% of Total) (% of Total) (% of Total) O S S Stage 1 48,407 93.02% 60,480 94.10% 65,433 94.26% A Stage 2 1,783 3.43% 1,731 2.69% 1,868
Slide 18: Pristine Retail Asset Quality (2/2)
INTERNAL … resulting in pristine Retail Asset Quality (2/2) Retail - Asset Quality 0 76% 0 79% 079% 2,063 2,116 1 3 % 1,850 1 1 % 9 % 7 % 5 % 3.55% 3.21% 3.05% 446 437 452 3 % 0.88% 0.70% 0.67% 1 % -1 % - Q2FY23 GS3 (Rs Cr) - NS3 (Rs Cr) Q1FY24 •GS3 (%) • Q2FY24 NS3 (%) 0 PCR (%) 17 Asset Quality nu
Slide 19: Sustainable Retail PAT & RoA
INTERNAL Thereby delivering sustainable Retail PAT & RoA Retail - PAT Q2FY24 ROA TREE LAKSHYA 2026 ROA TREE in Rs Cr 606 NIMs + Fees 12.16% 11% 533 325 Opex 4.58% 4% Credit cost 2.74% 3% Q2FY23 Q1FY24 Q2FY24 RoA 3.32% 2.8 - 3% 18
Slide 20: Rapid reduction in Wholesale book
INTERNAL Coupled with rapid reduction in Wholesale book in Rs Cr Wholesale Book* Infrastructure Finance Real Estate Finance 43,257 (34K 30,521 Cr) (24K Cr) 11,210 (8.5K Cr) 19,840 13,733 5,779 9,318 6,482 2,773 FY22 FY23 Q2FY24 FY22 FY23 Q2FY24 FY22 FY23 Q2FY24 19 * Includes defocused
Slide 21: Agenda
INTERNAL Agenda A Journey towards Lakshya 2026 Q2FY24 in Perspective Fintech@Scale Update B Annexures 20 e l&T Finance
Slide 22: 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 New during (Launched in March 2022) quarter Servicing features Engagement features Autonomous journeys View Loan Account Mandi Price Details & update Profile (Farm customer) Re
Slide 23: PLANET App: Service Measurement Metrics
INTERNAL App as a powerful digital channel for customer PLANET App: Service Measurement Metrics upto Q2FY24 Update Rs. 590 Cr+ Rs. 4,200 Cr+ 94 Lac+ 8 Lac+ Collections Sourcing Servicing Experience Rural Customers ~I Geo-agnostic Sourcing ] ~I Self Servicing ] ~I Servicing channels ] - ••• • - ••••
Slide 24: Developing Digital Finance Delivery as a customer value proposition
INTERNAL Developing Digital Finance Delivery as a customer value proposition Q2FY24 Update Digital Delivery: Touching every part of the customer ecosystem 100% 100% 94% 15% 93% Paperless Journey in Rural Group Loans, Digital eNach Digital Digital 2W Finance, Disbursements Penetration Collections Col
Slide 25: Summing up Q2FY24 - Achieved Lakshya 2026 goals
INTERNAL Summing up Q2FY24 - Achieved Lakshya 2026 goals Retailisation Retail Growth Retail Asset Quality Retail RoA LAKSHYA 2026 GOALS >80% >25% CAGRx GS3 <3% 2.8% - 3% NS3 <1% Q2FY24 GS3 3. 05% 88% 33% YoY 3.32% RETAIL NS3 0.67% Performance Update Merger Update: Single Lending Entity Structure Mer
Slide 26: Making Lakshya Goals sustainable
INTERNAL Making Lakshya Goals sustainable Five Pillars to sustain growth while continuously reducing credit cost Enhancing Sharpening Implementing Heightened Capability Customer Acquisition Credit Underwriting Futuristic Digital Architecture Brand Visibility Building • 0 1 Broadening customer funnel
Slide 27: Annexures
INTERNAL Annexures 26 e l&T Finance
Slide 28: Index of Annexures
INTERNAL Index of Annexures I Our dominant Retail Franchise built over a decade II Financials III Other Annexures 27 e l&T Finance
Slide 29: A Retail franchise built over a decade
INTERNAL A Retail franchise built over a decade FARMER FINANCE RURAL BUSINESS FINANCE (Farmer) (Small Rural Entrepreneur) RURAL Rural Group Loans (JLG) Farm Equipment Finance Micro Finance (JLG) Kisan Suvidha Vishwas Loans Pragati Loans Two wheeler Finance Personal Loan Loans to Professionals Home L
Slide 30: Backed by established sustainable differentiators
INTERNAL … backed by established sustainable differentiators Strong & well provided balance Amongst Top financiers in Retail Granular customer franchise & D2C App: PLANET sheet space Distribution network PCR at 76%, built macro prudential Seen multiple cycles, ~2.2 Cr customer database, Creating an
Slide 31: Helped create winning products for over a decade
INTERNAL Helped create winning products for over a decade in Rs Cr Rural Group Loans & Micro Finance (JLG) Farm Equipment Finance Two wheeler Finance 14+ years of Vintage 18+ years of Vintage 10+ years of Vintage 67 Lac+ customers serviced in urban ~1.4 Cr customers serviced in rural India 11 Lac+ c
Slide 32: On the back of a granular distribution network
INTERNAL On the back of a granular distribution network 20 States I I 2 UT 100+ Cities / Towns 18 States I I 1 UT ~2,00,000 Villages State Madhya Pradesh Maharashtra Urban Branches 14 19 Rural Branches 79 36 .. Uttar Pradesh 11 87 Gujarat 13 57 Karnataka 10 199 •• • .. .... • I• • • f West Bengal 12
Slide 33: Market dominance: Rural Group Loans and Micro Finance
INTERNAL Leading to market dominance through flagship products Rural Group Loans and Micro Finance (JLG) - amongst the Leading Financiers Well diversified Operational Customer footprint excellence Centricity • Automated underwriting; geo-strategy • Vintage of 14+ years based on women credit penetrat
Slide 34: Market dominance: Farm Equipment Finance
INTERNAL Leading to market dominance through flagship products Farm Equipment Finance – amongst the Leading Financiers Well diversified Dealer / OEM Customer footprint Relationship Centricity • Vintage of 18+ years • Retention products (Kisan Suvidha) • 2,500+ Dealers • 170+ branches across 18 state
Slide 35: Market dominance: Two wheeler Finance
INTERNAL Leading to market dominance through flagship products Two wheeler Finance - amongst the Leading Financiers Well diversified Dealer / OEM Customer footprint Relationship Centricity • Strong New To Credit proposition (~50%) • Vintage of 10+ years • 6,500+ Dealers • Best-in-class TAT: 45 secs
Slide 36: Efficient cross-sell & up-sell franchise
INTERNAL Thereby creating a efficient cross-sell & up-sell franchise CUSTOMER LOAN - - ( 38% of ) f Rural Group Loans & Farm Equipment Two wheeler Finance f PRODUCTS Hook Hook Hook disbursements are to product Micro Finance product Finance product & Home Loans / LAP 0 u . Repeat customers ~1.4 Cr 11
Slide 37: Data science based digital delivery
INTERNAL Built on the foundation of Data science based digital delivery Building Next-Gen platform & expanding scope Deepen existing and create new analytical models through harvesting of data CL TW HL RBF Farm SME Scorecards m ... , ~-- Propensity Model (Sourcing / Collections) App Scorecard •• ••
Slide 38: Leveraging data analytics across practices
INTERNAL Built on the foundation of Data science based digital delivery Leveraging data analytics across practices • Industry peer Benchmarking • State Fiscal Position • Soil Moisture Levels Sourcing • Market Penetration • Rainfall Distribution • Sowing pattern Analytics • Delinquency Trends • Water
Slide 39: Assisted apps & centralized underwriting
INTERNAL …through assisted apps & centralized underwriting In the next phase, moved to developing assisted apps for customer loan delivery ASSISTED APPS PROVIDING END-TO-END DIGITAL LOAN JOURNEYS DIGITAL INTERVENTIONS Rural Group Loans & Micro Finance Farm Equipment Finance Two wheeler Finance KYC –
Slide 40: Best in class Customer Value Proposition
INTERNAL To deliver a best in class Customer Value Proposition LEVERAGING CUSTOMISED DIGITAL CAPABILITIES WITH THE INDIA STACK LEADING TO BEST IN CLASS TAT Liveness matching With OCR as KYC Digilocker, fuzzy logic & penny credit I eNACH 24 hours Industry avg: 4 days Farm Equipment API integration wi
Slide 41: To create a Fintech@Scale
INTERNAL To create a Fintech@Scale Fintech@Scale blueprint Components to building a Fintech@Scale • 1 ■ . Automated Process . ( SFDC Workflow ) ~ - ia'\- ( GoogleCloud ~ Qlik& ~ Scalability • 2 f.- Google Cloud ~c~( ■ ■ { , Business Rule Engine J ~ ,_ ; . _/I I~ ) Platform Interactive Qlik <Q ( Qlik
Slide 42: Index of Annexures
INTERNAL Index of Annexures I Our dominant Retail Franchise built over a decade II Financials III Other Annexures 41 e l&T Finance
Slide 43: Retail Lending Business – disbursement split
INTERNAL Retail Lending Business – Business wise disbursement split Disbursement Q2FY23 Segments (Rs Cr ) Q1FY24 Q2FY24 Y-o-Y (%) Farmer Finance 1,304 Farm Equipment Finance 1,757 1,534 18% Rural Business Finance 3,887 Rural Group Loans (JLG) 4,240 5,499 30% 531 Micro Finance (JLG) 271 242 Urban Fin
Slide 44: Retail Lending Business – book split
INTERNAL Retail Lending Business – Business wise book split Book Q2FY23 Segments (Rs Cr) Q1FY24 Q2FY24 Y-o-Y (%) Farmer Finance 11,865 Farm Equipment Finance 13,125 13,351 13% Rural Business Finance Rural Group Loans & Micro Finance 15,840 19,743 21,672 37% (JLG) Urban Finance 8,093 Two wheeler Fina
Slide 45: Lending Business – disbursement & book split
INTERNAL Lending Business – Business wise disbursement & book split Disbursement Q2FY23 Segments (Rs Cr ) Q1FY24 Q2FY24 Y-o-Y (%) 10,238 Retail Finance 11,193 13,499 32% 718 Infrastructure Finance 1,040 178 (75%) 93 Real Estate Finance 132 20 (79%) 811 Wholesale Finance 1,172 198 (76%) 11,049 Focuse
Slide 46: LTFH Consolidated – Summary financial performance
INTERNAL LTFH Consolidated – Summary financial performance Performance Summary Q2FY23 Summary P&L (Rs Cr ) Q1FY24 Q2FY24 Y-o-Y (%) 3,002 Interest Income 3,008 3,054 2% 1,438 Interest Expense 1,364 1,325 (8%) 1,563 NIM 1,644 1,729 11% 347 Fee & Other Income 323 446 28% 1,911 Total Income 1,967 2,175
Slide 47: LTFH Consolidated – Key ratios
INTERNAL LTFH Consolidated – Key ratios Key Ratios Q2FY23 Key Ratios Q1FY24 Q2FY24 13.25% Yield 14.74% 15.23% 6.90% Net Interest Margin 8.06% 8.62% 1.53% Fee & Other Income 1.58% 2.22% 8.43% NIM + Fee & Other Income 9.64% 10.84% 3.19% Operating Expenses 3.81% 4.29% 5.24% Earnings before credit cost
Slide 48: LTFH Consolidated - Asset quality
INTERNAL LTFH Consolidated - Asset quality Consolidated – Asset Quality 0 55% 0 71% 0 76% 5,000 6 % 4,000 3,591 3,172 4.02% 4.04% 3,000 2,575 3.27% 2,000 1,615 3 % 1.85% 1.19% 907 1,000 627 0.82% 0 0 % Q2FY23 Q1FY24 Q2FY24 - - GS3 (Rs Cr) NS3 (Rs Cr) GS3 (%) - NS3 (%) 0 PCR (%) 47 Asset Quality numb
Slide 49: Retail Finance – Summary financial performance
INTERNAL Retail Finance – Summary financial performance Performance Summary Q2FY23 Summary P&L (Rs Cr ) Q1FY24 Q2FY24 Y-o-Y (%) 1,972 Interest Income 2,503 2,704 37% 718 Interest Expense 964 1,020 42% 1,254 NIM 1,540 1,684 34% 174 Fee & Other Income 284 360 107% 1,428 Total Income 1,824 2,044 43% 55
Slide 50: Retail Finance – Key ratios
INTERNAL Retail Finance – Key ratios Key Ratios Q2FY23 Key Ratios Q1FY24 Q2FY24 15.65% Yield 16.08% 16.10% 9.95% Net Interest Margin 9.89% 10.02% 1.38% Fee & Other Income 1.82% 2.14% 11.33% NIM + Fee & Other Income 11.71% 12.16% 4.40% Operating Expenses 4.33% 4.58% 6.93% Earnings before credit cost
Slide 51: Wholesale Finance – Summary financial performance
INTERNAL Wholesale Finance – Summary financial performance Performance Summary Q2FY23 Summary P&L (Rs Cr ) Q1FY24 Q2FY24 Y-o-Y (%) 1,014 Interest Income 500 347 (66%) 707 Interest Expense 424 328 (54%) 308 NIM 75 19 (94%) 62 Fee & Other Income 28 65 5% 370 Total Income 103 83 (77%) 110 Operating Exp
Slide 52: Wholesale Finance – Key ratios
INTERNAL Wholesale Finance – Key ratios Key Ratios Q2FY23 Key Ratios Q1FY24 Q2FY24 10.21% Yield 10.51% 10.86% 3.10% Net Interest Margin 1.59% 0.58% 0.62% Fee & Other Income 0.58% 2.03% 3.72% NIM + Fee & Other Income 2.17% 2.61% 1.10% Operating Expenses 2.02% 2.62% 2.62% Earnings before credit cost 0
Slide 53: Wholesale Finance – Asset Quality
INTERNAL Wholesale Finance – Asset Quality Wholesale - Asset Quality 0 33% 0 56% 0 58% 1,735 1 3 % 1 1 % 1,065 1,167 9 % 7.58% 7 % 4.72% 5 % 469 3.49% 3.22% 414 4.47% 3 % 1.94% 175 1 % -1 % Q2FY23 Q1FY24 Q2FY24 - - GS3 (Rs Cr) NS3 (Rs Cr) GS3 (%) NS3 (%) 0 PCR (%) 52 Asset Quality numbers are based
Slide 54: Index of Annexures
INTERNAL Index of Annexures I Our dominant Retail Franchise built over a decade II Financials III Other Annexures 53 e l&T Finance
Slide 55: Astute Asset Liability Management
INTERNAL Astute Asset Liability Management OUTPERFORMING IN TIMES OF RISING INTEREST RATE ENVIRONMENT DIVERSIFIED LIABILITY MIX WEIGHTED AVERAGE COST OF BORROWING (WAC) 3% 2%1% 8.08% Bank Loan 7% 6% 3% 3% 7.50% 7.46% NCD Pvt 46% Retail NCD 52% FY21 FY22 FY23 37% 41% CP ECB 7.64% 7.54% 7.71% 7.77% 7.
Slide 56: Prudent ALM - as on September 2023
INTERNAL Prudent ALM - as on September 2023 Structural Liquidity statement 64,532 ■ Cummulative Inflows (Rs. Cr) 42,074 ■ Cummulative Outflows (Rs. Cr) 32,282 30,492 24,909 17,994 20,266 18,475 15,131 10,262 2,647 5,749 467 1,241 1-7 days 8-14 days 15 days-1 month 1-2 months 2-3 months 3-6 months 6-
Slide 57: AAA Credit Rating for LTFH and all its subsidiaries
INTERNAL AAA Credit Rating for LTFH and all its subsidiaries Credit Ratings – LTFH and its subsidiaries • Long-term ratings of LTFH and all its lending subsidiaries have been reaffirmed ‘AAA’ (Stable Outlook) by all 4 rating agencies: Ø CARE: Sep’23 Ratings Ø ICRA: Aug’23 Update Ø India Ratings: Apr
Slide 58: ESG : Accelerating towards Lakshya (1/4)
INTERNAL ESG : Accelerating towards Lakshya (1/4) Retail | Digital | Sustainable Environment ~ 433 tCO2e emission avoided by switching to green power across L&T Partnership of L&T Finance with Ather Energy for offering upto 100% Finance branches financing on purchase of Two-Wheeler EVs 95% of L&T Fi
Slide 59: ESG : Accelerating towards Lakshya (2/4)
INTERNAL ESG : Accelerating towards Lakshya (2/4) Retail | Digital | Sustainable Social • Awareness & sensitization program on inclusion rolled out across organization • Created awareness regarding women friendly policies Diversity & Inclusion: • Launched 3rd party call center - 50% of employees sup
Slide 60: ESG : Accelerating towards Lakshya (3/4)
INTERNAL ESG : Accelerating towards Lakshya (3/4) Retail | Digital | Sustainable Governance ESG Ratings ü Board level oversight: CSR and ESG Committee B ü ESG policies in place: Environment Policy | E-Waste Policy | Diversity, Inclusion & Equity Policy ~CDP Significant improvement from D to B | Heal
Slide 61: ESG : Accelerating towards Lakshya (4/4)
INTERNAL ESG : Accelerating towards Lakshya (4/4) Retail | Digital | Sustainable Awards Champions of ESG Award at Global Fintech Mahatma Award for ESG Excellence UBS Forums Award under Sustainable Fest 2023 Sept’23 Organisation Award Sept’23 'U FAME Presented to L&T Finance umbai. M u h tua&bt. old
Slide 62: Corporate Social Responsibility
INTERNAL Corporate Social Responsibility Transforming Lives, Sustaining Progress • Digital Sakhi project launched in Gorakhpur (Uttar Pradesh), Supaul (Bihar) and Murshidabad (West Bengal) with an aim to create digital & financial literacy amongst 15,00,000+ community members over next 4 yrs. • 4,50
Slide 63: Well experienced and diversified Board
INTERNAL Well experienced and diversified Board BOARD OF DIRECTORS S.N. Subrahmanyan, Non-Executive Director, Chairperson Dinanath Dubhashi, Managing Director & CEO o Current Chairman & Managing Director of Larsen and Toubro Limited. o Over 33 years of experience across multiple domains in BFSI such
Slide 64: Management Team
INTERNAL Management Team Dinanath Dubhashi Managing Director & CEO 33 yrs exp, BNP Paribas, SBI Cap, CARE Ratings Sachinn Joshi Sudipta Roy Raju Dodti Group CFO Rupa Rege Nitsure Chief Operating Officer CE – Wholesale & SME Finance 33 yrs exp, Aditya Birla Group Chief Economist 27 yrs exp, ICICI Ban
Slide 65: Thank You
INTERNAL Thank You 64 e l&T Finance