L&t Finance Ltd · NSE:LTF
L&t Finance — Q4 FY24 Earnings Presentation
65 slides from L&t Finance's earnings presentation, Apr 27, 2024
Slide 1: Submission of investor / analyst presentation to NSE
9 L&T Finance April 27, 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 Sec
Slide 2: Investor Presentation – Q4FY24 & FY24
Retail Digital Sustainable L&T Finance Ltd. Investor Presentation – Q4FY24 & FY24 @ L&T Finance 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 in this presentation is provided by the Company for information purposes only. This presentati
Slide 4: Lakshya 2026 goals
Lakshya 2026 goals Convergence at Consolidated level @ l&T Finance 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: Executive Summary Q4FY24 & FY24
Executive Summary Q4FY24 & FY24 @ l&T Finance 5
Slide 7: Executive Summary – Q4FY24 and FY24 (1/2)
INTERNAL Executive Summary – Q4FY24 and FY24 (1/2) v Highest ever annual PAT of ₹ 2,320 Cr for FY24, growth of 43% YoY v Retailisation at 94% of overall book with Retail book growing 7% QoQ and 31% YoY; Q4 disbursements exceed festive Q3 quarter on the back of 2.3 Cr+ customer franchise Q4FY24 (₹ in
Slide 8: Executive Summary – Q4FY24 and FY24 (2/2)
INTERNAL Executive Summary – Q4FY24 and FY24 (2/2) v Highest ever annual Retail disbursements of ₹ 54,267 Cr : growth of 29% YoY v Granular execution on 5 Pillar strategy v Sustained improvement in credit parameters across businesses; Consolidated GS3 reduced 159 bps YoY to 3.15% v aAdditional prude
Slide 9: Executive Summary – Q4FY24 Financial Performance
INTERNAL Executive Summary – Q4FY24 Financial Performance f ♦ I • I I I • I f ♦ I I I I I I I I I I I I I I I I I RETAIL RETAIL DISBURSEMENT I I I I I I CONSOL NIMs+FEES I I I I I I CONSOL ROA DISBURSEMENT I I I I I I I I I I I I I I I I I I I I I I I I ₹ 15,044 Cr 11.25% 2.19%* I I I I I I I I I I
Slide 10: Executive Summary – FY24 Financial Performance
INTERNAL Executive Summary – FY24 Financial Performance f ♦ I • I I I • I f ♦ I I I I I I I I I I I I I I I I I RETAIL RETAIL DISBURSEMENT I I I I I I CONSOL NIMs+FEES I I I I I I CONSOL ROA DISBURSEMENT I I I I I I I I I I I I I I I I I I I I I I I I ₹ 54,267 Cr 10.67% 2.32%* I I I I I I I I I I I
Slide 11: 5 Pillar strategy – An update
5 Pillar strategy – An update @ l&T Finance 10
Slide 12: 5 Pillar strategy to deliver on Lakshya goals
INTERNAL 5 Pillar strategy to deliver on Lakshya goals 1 0 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 enhance
Slide 13: Pillar 1: Enhancing Customer Acquisition
INTERNAL Pillar 1: Enhancing Customer Acquisition Rural & Urban Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Customer Funnels Customer Acquisition (initiated from Q3 onwards) Attracting new customers c: New Customer Acquisition (no. in lacs) Expanding Reach (initiated from Q3 onwards) 6.9 6.4 6.8 6.8 Rural Group
Slide 14: Pillar 1: Enhancing Customer Acquisition
INTERNAL Pillar 1: Enhancing Customer Acquisition Rural & Urban Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Customer Database Cross-sell & up-sell RURAL URBAN Total Retail 0 disbursement share (Count) Total Retail 41% 48% 45% 46% disbursement share (Value) 34% 38% 33% 34% I Rural Group Loans & MFI Repeat % (Val
Slide 15: Pillar 2: Sharpening Credit Underwriting (1/4)
INTERNAL Pillar 2: Sharpening Credit Underwriting (1/4) Next-Gen Integrated Underwriting Platform leveraging multi-axis underwriting Confident through best-in-class technology Assessment LOGIN Stronger underwriting for NTC as well as ETC customers Final Credit Decisioning Sharper Micro- implementati
Slide 16: Pillar 2: Sharpening Credit Underwriting (2/4)
INTERNAL Pillar 2: Sharpening Credit Underwriting (2/4) Rural Group Loans (JLG) & Micro Finance (JLG) Basis rolling 12-month sourcing cohorts 99.1% 99.1% 99.2% 99.2% ATS (in ₹) 1,00,000 80,000 60,000 -- 5+ Yrs 3-5 Yrs On Due Date (ODD) CE % vs Borrower Vintage 40,000 20,000 -- 1-3 Yrs <1 Yrs - Jun23
Slide 17: Pillar 2: Sharpening Credit Underwriting (3/4)
INTERNAL Pillar 2: Sharpening Credit Underwriting (3/4) Farm Equipment Finance Two Wheeler Finance 74% 76 % 73% 73% 73% 10.0 76 % 73% 73% 74% 13 0 Basis rolling 12-month 74 % -- 9.0 74 % 72% - 12 0 sourcing cohorts 8.0 LTV LTV LTV % 72 % LTV % 72 % 11 0 ----- 7.0 70 % 6.0 ATS 70 % 10 0 ATS & 68 % 5.
Slide 18: Pillar 2: Sharpening Credit Underwriting (4/4)
INTERNAL Pillar 2: Sharpening Credit Underwriting (4/4) Home Loans LAP 73 71 70 70 70 74 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% 30 58% 30 LTV % 4
Slide 19: Pillar 3: Implementing Futuristic Digital Architecture
INTERNAL Pillar 3: Implementing Futuristic Digital Architecture Customer Application & Robust IT Infosec Experience Design Process Engineering Infrastructure • Revamp of D2C app - & LTF • Business process re-engineering • Isolated Recovery Environment • Developed a comprehensive customer portal init
Slide 20: Pillar 4: Heightened Brand Visibility
INTERNAL Pillar 4: Heightened Brand Visibility Targeted marketing campaigns r SONIC IDENTITY Endeavour to be in the ‘consideration set’ of Rural & Urban customers LAUNCHED 0 RURAL L.. Link to URBAN play tune ffll<lf~ ffi} L&T Finance 1800 268 0000 e ~ fflar L&T Finance ~a,t 1800 268 0000 Participate
Slide 21: Pillar 5: Capability Building
INTERNAL Pillar 5: Capability Building Strengthened leadership in critical functions Created a strong Advisory Framework Ramesh Aithal Dr. Debarag Banerjee Kavita Jagtiani Dr. Goutam Sanyal Sankarson Banerjee Kazi Zaman Advisor – Core Chief Marketing Advisor - Credit, Risk Advisor - Wholesale & Chie
Slide 22: Business Update
Business Update @ l&T Finance 21
Slide 23: Retail disbursement growth of 33% YoY
INTERNAL Retail disbursement growth of 33% YoY ₹ in Cr Rural Business Finance Farmer Finance +31% -2% RETAIL FINANCE 5,768 5,476 4,401 2,027 - - 1,556 1,530 +33% --, y'' ■ Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 ► __f:\ , +5% -25% 14,531 15,044 11,282 Urban Finance SME Finance +32% ,--- +82% '' ''
Slide 24: Retail book growth of 31% YoY
INTERNAL Retail book growth of 31% YoY ₹ in Cr Rural Business Finance Farmer Finance +32% ·---------1 8% ---------' ':,' '' RETAIL FINANCE \;I 23,110 24,716 13,845 13,892 18,693 12,819 +31% ·--------------- '' ':,'' Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 ► __f:\ , 80,037 +7% - 74,759 61,053 Urban
Slide 25: Collection Efficiency (1/2)
INTERNAL Collection Efficiency (1/2) RURAL BUSINESS FINANCE - - FY23 FY24 RURAL GROUP LOANS & MICRO FINANCE (JLG) 99.8% 99.8% 99.8% 99.9% 99.8% 99.8% 99.8% 99.8% 99.8% I I99.8% 99.8% 99.8% I I • • 99.5% • • • • 99.5% • • • 99.6% 99.7% 99.7% 99.8% 99.8% 99.8% 99.8% I I99.7% I • 99.8% • 99.8% Apr May
Slide 26: Collection Efficiency (2/2)
INTERNAL Collection Efficiency (2/2) URBAN FINANCE .,.FY23 .,.FY24 - .FY23 - .FY24 TWO WHEELER FINANCE I98.o¾ I I98.8% 1 I98.7% 1 I I 199.1'!. I 199.1% 1 99.2% PERSONAL LOANS 198.3% 1 198.6% 1 198.3% 1 98.6% 1 98.7% 1 198.6% 1 I97.6% 1 I98.3% 1 I97.9% 11 98.3% 1 197.8% 1 198.4% 1 198.2% 1 198.1% 1 1
Slide 27: 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) 97.0% 90.1% 85.7% 77.1% 81.1% 86.8% Industry LTF Industry LTF Industry LTF Best-in-class 0 DPD portfolio of LTF vis-à-vis the Industry 26 Industry
Slide 28: Retail Asset Quality (2/3)
INTERNAL Retail Asset Quality (2/3) Stagewise assets & provision summary G Q4FY23 Q3FY24 Q4FY24 R Stage wise (in ₹ Cr) Q4FY23 Q3FY24 Q4FY24 (% of Total) (% of Total) (% of Total) O S S Stage 1 57,356 93.95% 70,591 94.42% 75,863 94.79% A Stage 2 1,616 2.65% 1,963 2.63% 1,903 2.38% S S Stage 3 2,081 3
Slide 29: 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 80% 79% 79% 69% 75% 76% 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 30: 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 (WAC) 1% 5% 2% 2% Bank Loan - Non-PSL 3% 2% 3% 7.80% 9% 7.50% Bank Loan - PSL 7.46% 27% 28% FI Loan NCD Private x 35% FY22 FY23 FY24 3
Slide 31: Annexures
Annexures @ l&T Finance 30
Slide 32: Index of Annexures
INTERNAL Index of Annexures I Dominant Retail Franchise built over a decade II Financials III Other Annexures 31 {fiJ l&T Financ~
Slide 33: 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 32 {fiJ l&T Financ~
Slide 34: Retail Businesses
INTERNAL Retail Businesses Rural Group Loans & Two Wheeler Finance Micro Finance (JLG) Rural Business Finance Urban Rural LAP Home Loans & LAP Finance Q1 Portfolio ~50% FY24 Mix ~50% Farm Equipment RURAL URBAN Personal Loans Finance Farmer SME Finance Finance SME Loans to Agri Allied Professionals &
Slide 35: Retail Franchise & Right to Win
INTERNAL Retail Franchise & Right to Win DIVERSIFIED RETAIL NBFC -- --- -~-~- .,........,,......_.,.......,....... ~50% Q1 Portfolio FY24 Mix ~50% Pan-India presence *" L&T Finance 91 lac+ downloads RURAL URBAN Leveraging 2.3 Cr + 13,000+ Optimised Digital Service ~2,00,000 Villages customer franchi
Slide 36: Granular and extensive distribution network
INTERNAL Granular and extensive distribution network 18 States I I 1 UT ~2,00,000 Villages 20 States I I 2 UT 100+ Cities / Towns State Madhya Pradesh Maharashtra Rural Branches 98 33 Urban Branches 14 20 .. Uttar Pradesh 108 11 Gujarat 68 13 Karnataka 215 10 •• • .... • I• • West Bengal 116 12 •• •
Slide 37: Market dominance through fulcrum product (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 38: Market dominance through fulcrum product (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 39: Market dominance through fulcrum product (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 Two Wheeler Finance • 10,500+ Sourcing points • Straddle continuum from New To • 109 locations acr
Slide 40: Index of Annexures
INTERNAL Index of Annexures I Dominant Retail Franchise built over a decade II Financials III Other Annexures 39 {fiJ l&T Financ~
Slide 41: Lending Business – Business wise disbursement split
INTERNAL Lending Business – Business wise disbursement split Disbursement Q4FY23 Q3FY24 Q4FY24 Y-o-Y (%) Segments (₹ Cr ) FY23 FY24 Y-o-Y (%) Farmer Finance 1,556 2,027 1,530 (2%) Farm Equipment Finance 6,450 6,848 6% Rural Business Finance 3,888 5,331 5,639 Rural Group Loans 14,567 20,709 31% 27% 5
Slide 42: Lending Business – Business wise book split
INTERNAL Lending Business – Business wise book split Book Q4FY23 Segments (₹ Cr) Q3FY24 Q4FY24 Y-o-Y (%) Farmer Finance 12,819 Farm Equipment Finance 13,845 13,892 8% Rural Business Finance 18,693 Rural Group Loans & Micro Finance Loans 23,110 24,716 32% Urban Finance 8,960 Two Wheeler Finance 10,44
Slide 43: LTF Consolidated – Summary financial performance (1/2)
LTF Consolidated – Summary financial performance (1/2) Performance Summary Q4FY23 Q3FY24 Q4FY24 Y-o-Y % Summary P&L (₹ Cr ) FY23 FY24 Y-o-Y (%) 3,123 3,186 3,244 4% Interest Income 12,165 12,492 3% 1,445 1,353 1,335 (8%) Interest Expense 5,797 5,377 (7%) 1,679 1,833 1,909 14% NIM 6,368 7,115 12% 347
Slide 44: LTF Consolidated – Summary financial performance (2/2)
LTF Consolidated – Summary financial performance (2/2) Performance Summary Q4FY23 Q3FY24 Q4FY24 Y-o-Y % Particulars (₹ Cr ) FY23 FY24 Y-o-Y(%) 80,893 81,780 85,565 6% Closing Book 80,893 85,565 6% 89,231 81,269 84,014 (6%) Average Book 89,413 81,783 (9%) 21,528 22,860 23,438 9% Networth 21,528 23,43
Slide 45: LTF Consolidated – Key ratios
INTERNAL LTF Consolidated – Key ratios Key Ratios Q4FY23 Q3FY24 Q4FY24 Key Ratios FY23 FY24 14.20% 15.60% 15.53% Yield 13.61% 15.27% 7.63% 8.97% 9.14% Net Interest Margin 7.12% 8.70% 1.58% 1.95% 2.11% Fee & Other Income 1.55% 1.97% 9.21% 10.93% 11.25% NIM + Fee & Other Income 8.67% 10.67% 3.58% 4.38
Slide 46: 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 45 {fiJ l&T Financ~
Slide 47: 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 Rewards & View Loan Account Mandi Price Referrals Details & update Profile (Farm customer) D
Slide 48: Developing digital finance delivery as a customer value proposition
INTERNAL Developing digital finance delivery as a customer value proposition ₹ 1,100 Cr+ ₹ 5,700 Cr+ 216 Lac+ 11 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 SOURCING -- 127 843 630 1,168 1,175 715 1,126 COLLEC
Slide 49: 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 Q4FY24 Update Count in lacs Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 SERVICING RESOLUTION 1.5 7.4 14.4 18.6 21.5 26.0 41.4 85.8 Mainly includes: SOA Downloads 0.9 4.3 7.5
Slide 50: 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% 96% 25% 94% Paperless Journey in Rural Group Loans, Digital eNach Digital Digital 2W Finance, Disbursements Penetration Collections Collections Farm
Slide 51: Digital collections trend in Rural Group Loans & Micro Finance
INTERNAL Digital collections trend in Rural Group Loans & Micro Finance Digital collections improved significantly from 3% to 21% in 1 year Digital Colln Amt (₹ Cr) Digital Colln (nos in lacs) Digital collection % 11.6 3 5 0 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 1 5 0
Slide 52: 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 51 52 63 57 69 Rural Group Loans & Farm Equipment Two Wheeler Personal Home Loans SME Micro Finance (JLG) Finance Finance Loans & LAP Loans NPS in R
Slide 53: 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 52 {fiJ l&T Financ~
Slide 54: Prudent ALM - as on March 2024
INTERNAL Prudent ALM - as on March 2024 Structural Liquidity statement 65,512 ■ Cumulative Inflows (Rs. Cr) 42,307 ■ Cumulative Outflows (Rs. Cr) 32,886 29,840 24,453 16,227 17,681 19,696 19,145 11,246 6,555 1,343 1,533 2,939 1-7 days 8-14 days 15 days-1 month 1-2 months 2-3 months 3-6 months 6-12 m
Slide 55: AAA credit rating: ratings update & rationale
INTERNAL AAA credit rating: ratings update & rationale Credit Ratings – LTF • Rating Agencies reviewed the ratings of L&T Finance post merger and reaffirmed the ratings at ‘AAA (Stable) / A1+’: Rating Agency Long-term / Short-term Rating of LTF Ratings reaffirmed in CRISIL Ratings CRISIL AAA (Stable
Slide 56: 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 55 {fiJ l&T Financ~
Slide 57: Businesses aligned with Sustainability goals
INTERNAL L&T Finance – Businesses aligned with Sustainability goals RURAL : Rs 38,500 Cr+ Book Business deeply intertwined with ESG SDG Linkage 1,800+ Branches Penetrating underserved Reach Active customers across ~2,00,000 Villages geographies 20,000+ employees hired from Rural India Employment Gen
Slide 58: ESG : Key Achievements (1/2)
INTERNAL ESG : Key Achievements (1/2) MSCI • ESG RATI NGS ccc • I ■ ■ ] n ■ i":'JJ u J Au USD 125 million Social loan signed with leading ‘A-’ Multilateral Bank (JICA) financing Indian rural & Leadership Improved Sustainable ~~ peri-urban areas in low income states Category from ESG Rating Finance p
Slide 59: ESG : Key Achievements (2/2)
INTERNAL ESG : Key Achievements (2/2) Environment Social Governance • Emissions avoided (green power): ~1,845 tCO2e • Occupational Health & Safety • 100% Board trained on ESG & Infosec ü Hazard Identification & Risk Assessment (HIRA) • Overall ~39% company operations through green power in • 100% of
Slide 60: Corporate Social Responsibility
INTERNAL Corporate Social Responsibility Social Good, Communities@scale Digital Financial Inclusion Disaster Management Other Initiatives GEOGRAPHIES COVERED: PROJECT PRAKRUTI DIGITAL SAKHI PROJECT 5 geographies: 50,000 saplings planted over 150 Acres of land in 400 Digital Sakhi(s) onboarded in 4 n
Slide 61: 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 62: 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 61 {fiJ l&T Financ~
Slide 63: 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 Over 27 years of experience across multiple domains in BFSI such as o
Slide 64: Management Team
INTERNAL Management Team Sudipta Roy Managing Director & CEO 28 yrs exp, ICICI Bank, Citibank, Deutsche Bank Sachinn Joshi Raju Dodti Santosh Parab CFO COO General Counsel 34 yrs exp, Aditya Birla 26 yrs exp, IDFC, Rabo, ABN Financial Services, Angel Amro, Soc Gen 31 yrs exp, IDBI, IDFC, Altico Brok
Slide 65: Thank You
INTERNAL Thank You 64 {fiJ l&T Financ~