L&T Finance Limited
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L&T Finance Limited - overview
Established
1994
Location
Mumbai, -, India
Primary Industry
Financial Services
About
Founded in 1994, and based in Mumbai, India, L&T Finance Limited, formerly known as L&T Finance Holdings Limited, provides financial services such as two-wheeler finance, farm equipment finance, mutual funds, lending, micro-financing, and insurance services. In June 2024, Morgan Stanley acquired L&T Finance Limited from Bain Capital for INR 5. 34 million through a PIPE transaction. As part of the transaction, the company agreed to sell 3.
13 million shares at INR 170. 6 per share. All VC investors have exited their stake in Happiest Minds Technologies Pvt. Ltd.
As of August 2024, the company is led by CEO Sudipta Roy. L&T Finance Limited offers a diversified portfolio of financial products and services, such as Personal loans, home loans, two-wheeler loans, loans against property, microloans (targeted towards women entrepreneurs), Loans for small and medium enterprises (SMEs), business expansion loans, loans for professionals, Farm equipment loans, farm loans.
Primary Industry
Financial Services
Sub Industries
Consumer Finance, Insurance
Website
www.ltfs.com
Verticals
FinTech, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
L&T Finance Limited - financials
| Fiscal Year Ended | Mar 31, 2010 | Mar 31, 2011 | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 53,642,073 | 56,937,773 | 29,808,978,000 | 39,567,556,000 | 2,575,714,172 | 61,962,286,000 | 72,887,892,000 | 83,405,885,000 | 100,210,336,000 | 129,897,200,000 | 141,755,000,000 | 136,780,700,000 | - | - | - |
| % Revenue Growth (YoY) | - | 6.1% | 52253.6% | 32.7% | (93.5%) | 2305.6% | 17.6% | 14.4% | 20.1% | 29.6% | 9.1% | (3.5%) | - | - | - |
| EBITDA (USD) | 26,334,093 | 5,581,758 | 24,515,279,000 | 33,861,449,000 | 2,631,157,758 | 48,381,141,000 | 54,596,155,000 | 57,789,811,000 | 71,186,913,000 | 99,616,300,000 | 102,464,000,000 | 87,631,700,000 | - | - | - |
| Operating Income (USD) | 26,334,093 | 5,581,758 | 23,914,903,000 | 33,210,191,000 | 2,630,013,234 | 47,426,100,000 | 53,768,017,000 | 57,116,813,000 | 70,667,648,000 | 99,120,100,000 | 101,936,800,000 | 86,951,200,000 | - | - | - |
| Operating Margin | 49.1% | 9.8% | 80.2% | 83.9% | 102.1% | 76.5% | 73.8% | 68.5% | 70.5% | 76.3% | 71.9% | 63.6% | - | - | - |
| % EBITDA Margin | 49.1% | 9.8% | 82.2% | 85.6% | 102.2% | 78.1% | 74.9% | 69.3% | 71.0% | 76.7% | 72.3% | 64.1% | - | - | - |
| NET Income (USD) | 28,123,071 | 1,351,895 | 4,547,951,000 | 7,304,714,000 | 1,963,829,718 | 8,546,790,000 | 8,566,926,000 | 10,482,125,000 | 14,658,248,000 | 22,320,300,000 | 17,002,600,000 | 9,488,800,000 | - | - | - |
| % Net Margin | 52.4% | 2.4% | 15.3% | 18.5% | 76.2% | 13.8% | 11.8% | 12.6% | 14.6% | 17.2% | 12.0% | 6.9% | - | - | - |
L&T Finance Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE, Secondary Buyout | Completed | L&T Finance Limited | - | ||||||||
| Sale to Management | Completed | L&T Finance Limited | - | ||||||||
| Buyout | Completed | L&T Investment Management Limited | - | ||||||||
| Trade Sale | Completed | L&T Finance Limited | - | ||||||||
| Private Placement/Follow on | Completed | L&T Finance Limited | - |
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