About L&T Finance

S N Subrahmanyan (SNS) is the Chairman & Managing Director of Larsen & Toubro, a multi-billion-dollar conglomerate, spanning across Engineering, Infrastructure, Information Technology and Financial Services. He also holds diverse leadership positions as Chairperson of the Company and Chairman of LTIMindtree, L&T Technology Services, and L&T Metro Rail (Hyderabad) Limited.

SNS, over the years, has played a pivotal role in guiding the Company's infrastructure business to become the largest in India and among the biggest globally. Now, he is focused on driving L&T's diverse business interests towards new heights by leveraging the power of digitalisation, technology, transition to green energy and fostering a people-centric culture. This multi-pronged approach has already started pivoting L&T into a tech-driven engineering solutions and services powerhouse.

Hailing from Chennai, SNS embarked on his professional journey with L&T in 1984 as a Project Planning Engineer with a degree in civil engineering from the National Institute of Technology, Kurukshetra and a postgraduate degree in business management from Symbiosis Institute of Business Management, Pune. He furthered his education with an Executive Management Programme from the London Business School. Mentored by industry stalwarts, he took on roles of increasing responsibility across various business verticals and joined the L&T Board in 2011.

Notable achievements under SNS's leadership include the execution of diverse projects like the Statue of Unity, ITER, Dual Feed Crackers, Offshore Platforms, K9 Vajra, Atal Setu, Ayodhya Ram Mandir, in the offing Bullet Train and more – each recognised for being the ‘tallest’, ‘largest, ‘longest’, ‘smartest’, ‘most complex’, or ‘first’ in their respective categories. His entrepreneurial mindset propelled L&T into untapped geographies, including the Middle East, Africa, and ASEAN, establishing the Company's credentials globally. This has led to L&T being recognised among Asia’s Most Honoured Companies by Institutional Investor, the Company of the Year by Business Standard in 2020, among the world's best employers on the Forbes' list and one of India’s Best Employers among Nation-Builders in 2023 by the Great Place to Work (GPTW) institute.

SNS himself has garnered numerous accolades. He won the Eminent Engineer award from the Engineering Council of India in 2024. Apart from being featured on the cover of Fortune magazine’s October 2023 edition as India’s Best CEO, he is also the winner in the Infrastructure & Engineering category of the Business Today-PwC India’s Best CEOs ranking in March 2022, was ranked 8th in the Construction Week Power 100 Ranking for 2022 and was honoured as the Infrastructure Person of the Year in 2012. In 2020, he achieved the Top CEO (Sell Side) and the 3rd Best CEO (Overall) in the All-Asia Executive Team Survey conducted by Institutional Investor and recognised as the CEO of the Year by the leading Indian news channel, CNBC-Awaaz. His exemplary leadership was also recognised with the Emergent CEO Award in 2019, and he received the Leading Engineering Personality award from the Institution of Engineers (India) in 2014.

SNS holds prominent positions within various industry bodies, construction institutions and councils, showcasing his influential presence in these domains. As one of the nine founding members of the Climate Finance Leadership Initiative (CFLI) India, he actively contributes to bringing global scale and influence to this significant initiative. Additionally, he serves as the regular honorary chairperson of the Board of Governors at the National Institute of Technology-Rourkela, a position bestowed upon him by the Education Ministry. In February 2021, he was appointed by the Union Ministry of Labour & Employment as the Chairman of the National Safety Council for two years. In this capacity, he guided the council in playing a crucial role in ensuring workplace safety under the new Occupational Safety, Health, and Working Conditions Code, 2020 (OSH Code, 2020).

Beyond his professional pursuits, SNS embodies a diverse range of interests that reveal the multi-faceted dimensions of his personality. A cricket aficionado and a passionate runner, he emphasises the importance of physical activity through his daily walks and runs. Notably, his appreciation extends beyond sports and fitness, as he also finds solace and passion in the world of Western classical music.

Mr. Sudipta Roy is the Managing Director and Chief Executive Officer of the Company.

Mr. Roy is a consumer banking and payments professional with over 24 years of financial services experience. He joined the Company from ICICI Bank, where he served as Group Head and managed diverse businesses like Unsecured Assets, Cards, Payment Solutions, Student Ecosystem, E-commerce and Merchant Ecosystem, Millennial Banking and API Banking. Before his assignment with ICICI Bank since 2010, he has worked for Citibank and Deutsche Bank.

Mr. Roy has a deep understanding of consumer finance, cards and retail loans, lending and payments technology systems and associated risk management practices and has worked extensively in India, China and Canada in the consumer lending and payments business, having built green-field lending and cards businesses in all three countries.

He was voted as one of the Top 50 Digital Finance Influencers in the country in 2024 as well as the top 30 Fintech Influencers in India in the year 2021 and is a speaker at various forums on Retail Lending and Credit, History of Payments, Risk and Fraud Control and Future of Payments business.

Mr. Roy has also been a part of several Government and Reserve Bank of India committees in areas of transit payment systems, banking security and retail payments.

He is a chemical engineer from Indian Institute of Technology, Kharagpur and MBA from XLRI School of Management, Jamshedpur.

Mr. R. Shankar Raman is the Non-Executive Director of the Company.

Mr. R. Shankar Raman is a qualified Chartered Accountant and a Cost Accountant. Over the past 40 years, Mr. Shankar Raman has worked in varied capacities in the field of finance.

Mr. R. Shankar Raman joined L&T Group in November 1994 to set up L&T Finance Limited.

Over the years, Mr. R. Shankar Raman assumed responsibilities to oversee the entire finance function at the Group level, including functions like Risk Management, Investor Relations, Mergers & Acquisitions and Legal. Mr. Shankar Raman was appointed as Chief Financial Officer of Larsen & Toubro Limited in September 2011 and subsequently elevated to the Board on October 1, 2011. Mr. Shankar Raman is also on the Board of Management of several companies within the L&T Group.

Mr. R. Shankar Raman has been a recipient of several awards, such as Best CFO of Asia in the Industrial Sector in a survey conducted by the prestigious New York-based Institutional Investor Magazine, winner of Best CFO Awards from CNBC TV18, Financial Express, and Business Today. He is also the recipient of the Life Time Achievement award in the field of Finance from Financial Express.

Mr. R. Shankar Raman is presently a member of the Advisory Committee to The Insolvency and Bankruptcy Board of India (IBBI) on Corporate Insolvency & Liquidation and also a member of the SEBI-Corporate Bonds and Securitization Advisory Committee (CoBoSAC).

Mr. Thomas Mathew T., is the former Managing Director & Chairman-In-Charge of the ‘Life Insurance Corporation of India’. He was also the MD & CEO of ‘Reinsurance Group of America’ for India, Sri Lanka and Bangladesh. He has four decades of strategic leadership & operational experience in the Life Insurance and Reinsurance industry in India, including handling the information technology function.

Mr. Mathew served as ‘Senior Advisor – Insurance’ with ‘McKinsey and Company’. He was Chairman of the Reinsurance Committee of IRDAI. He has wide experience with multi-national Corporates, serving as Director on the Boards of Larsen & Toubro Ltd., Mahindra & Mahindra Ltd, Tata power Ltd, Voltas Ltd and IFCI Ltd, and LIC (International) B.S.C. (c) Baharain . Presently, Mr. Mathew is Director on the Boards of L&T Finance Ltd. (formerly known as L&T Finance Holdings Ltd.), ESL Steel Ltd.

Mr. Mathew was a member of the Governing Council of MDI Gurgaon, Actuarial Institute of India and also Chairman of the National Insurance Academy, Pune. He has experience in the Banking Sector as Director of ‘Corporation Bank’. He is also a member of the ‘Takeover Panel’ of SEBI.

Mr. Mathew has Post-graduate Diploma in Management, Post-graduate in Economics, Law Graduate, and Associate of the Insurance Institute of India.

Mr. Mathew is an avid reader, and an acclaimed speaker at various industry forums and seminars. He has excellent communication and people skills. He naturally and confidently builds relationships with people of all strata. He has excellent team building and conflict management capability and holds high standards of ethics and values.

"Dr. Rajani R. Gupte received her Master’s, M.Phil and Ph.D degree in Economics from the prestigious Gokhale Institute of Economics and Politics, Pune. She has been actively engaged with higher education for over forty years, both as a Professor and Researcher.

Dr. Gupte is currently an Advisor to Symbiosis. She has recently completed her tenure of two terms as the Vice Chancellor of Symbiosis International University, Pune from 2013 -2023. A capable institution-builder, Dr. Gupte has also earlier held the positions of Dean- Faculty of Management, Dean-Academics and Pro-Vice Chancellor at the Symbiosis International University.

She joined Symbiosis as a founding member of the Symbiosis Institute of International Business in 1992. She was the Director of the Institute between 2004 and 2012. Her headship led the Institute to be established as one of the top-ranking business schools in India. In the past, she has also worked as Director-Finance, in a Private Limited Company, wherein she handled Finance operations seamlessly.

She has been frequently invited on committees of important organizations, such as International Trade Panel - Confederation of Indian Industries (CII), World Trade Organization Committee, Govt. of Maharashtra, and Chemtech World Expo. She has also served on committees appointed by the UGC and on working groups on higher education.

Dr. Gupte was invited to be a part of a committee of eminent economists formed by NITI Aayog to interact with the Honourable Prime Minister on "Economic Policy: The Road Ahead". She was also one of the ten women selected from across Asia who have attended the 'Women in University Administration programme' sponsored by the U.S. Department of State. She is a part of a Think Tank of eminent economists formed by NITI Aayog. She is also a member of NITI Aayog Consultation Group of Experts for the Education Vertical. Dr. Gupte has been appointed as a Member of the Apex Working Group for promotion of Study in India scheme by the Ministry of Education, Govt of India.

Dr. Gupte is an Independent Director on the Board of L&T Finance Limited (formerly known as L&T Finance Holdings Limited).

Dr. Gupte has received several awards for her outstanding contribution to Education".

Dr. R. Seetharaman, Former Chief Executive Officer of Doha Bank (2007 – 2022), is a prominent personality in the banking industry throughout the Middle East, an economic expert who has achieved remarkable success for his contributions to Banking, Trade, Investment, Economics, Environment, Social responsibility, Philanthropy and Charity. Post his successful Finance/Banking career of over 40 years in he has adopted six sustainable development goals from United Nations and has registered a Non-profit organisation “Seetharaman School of Sustainable Development” with the vision of contributing to global sustainable development.

He is a Chartered Accountant and holds certificate in IT systems and Corporate Management, whilst being a gold medalist in his graduation Bachelor of Commerce.

He is recipient of multiple doctorates from leading universities of the world, including 3 PhD’s.

• PhD in Global Governance by European University.
• PhD in Green Banking and Sustainability from Sri Sri University.
• PhD in “Economic Implications of Global citizenship” by Sri Sharda Institute of Indian Management.
• Doctorate of Laws by Washington College for his unique and valuable contribution to society in the field of banking and knowledge management.
• Doctorate of Honoris Causa from European University for his contribution to global governance and social responsibility.
• Doctor of Philosophy (Honorary) by Arts, Science and Technology University, Lebanon (AUL) for his valuable contribution to Banking and Finance.

In 2017, he was recognized and conferred by the Government of India with the prestigious Pravasi Bharatiya Samman Award, the highest honour conferred on overseas Indians by the Government of India.

Dr. R. Seetharaman was honoured with the “Green Economy Visionary Award” in 2016 by Union of Arab Banks for his contribution in promoting green economies. He was also honoured “Global Excellence Award in Renewable Energy 2017” by the Energy and Environment Foundation.

He was conferred with the “Lifetime Achievement Award” by The Banker Middle East to honour his contribution to the industry and his support for the environment and the business.

He was also conferred “Life time Achievement Award” from the Institute of Directors at the Global Summit.

He was conferred “Life time Achievement Award” by the Entrepreneur Middle East at the “Leaders in Fintech Awards 2023” in Dubai on 12th June 2023.

He is also the recipient of “Amity Distinguished Visionary in Banking and Technology Innovation Award” from Amity University, during their 4th International conference on Computation Automation and Knowledge Management (ICCAKM 2023) in December 2023.

He was honoured with the Global Goodwill Ambassador Award of Protect the Planet (PoP) movement during their International conference held in Delhi in February 2024.

He is a prominent personality in the banking industry throughout the Middle East and being a high-profile economist, he was invited on a regular basis by international media such as BBC, CNN, FOX, CNBC, Sky News, ABC and Bloomberg to share his views.

Ms. Nishi Vasudeva is an internationally acclaimed leader and as Chairman of Hindustan Petroleum Corporation Limited (HPCL) was the first woman to chair an oil and gas company in India. She represented HPCL as Chairperson/Director on the board of several joint venture companies. She was responsible for developing the vision and long-term objectives, improving growth and profitability, driving a high-performance culture geared towards operational excellence and consistent value creation for shareholders & all stakeholders.

Prior to assuming responsibility as Chairman & Managing Director, she served on HPCL Board as Director- Marketing and was responsible for pan India sales (B2B & B2C segments), brand building, efficient supply chain management, Infrastructure development and leading HPCL foray into new business lines.

Her career at HPCL included leadership positions in Marketing, Corporate Strategy, Planning and Information systems and she has led key business transformation & organizational restructuring projects.

She is the first Indian to be awarded the Global CEO of the year at Platt's Global Energy Awards 2015. She received the SCOPE Award for excellence and outstanding contribution to Public Sector Management from the Hon'ble President of India and was also recognized with Outstanding Women Manager Award by SCOPE. She has been a member of several committees for development of policy in the Oil industry and Hydrocarbon sector in India. She is BA (Economic Honours) from Delhi University and an MBA from IIM Calcutta with over 38 years of experience in the petroleum industry.

Ms Vasudeva serves as a Non-Executive Independent Director on the Boards of several prominent corporates.

Mr. Sachinn Joshi leads Finance & Accounts, Financial Planning & Analysis, Treasury, Investor Relations, Risk, Internal Audit & RCU and Economic Affairs functions as the Chief Financial Officer.

He has over 34 years of experience with expertise in finance and operations. These include setting up business & treasury operations, risk & credit control, human resource management, public listing, strategic planning and crisis management.

Previously, Mr. Joshi worked with Aditya Birla Finance as the Chief Financial Officer heading Treasury, Finance, Secretarial & Statutory Compliance, and Admin verticals. Prior to this, he worked as an Executive Director & CFO at Angel Group, heading strategy and finance. At IL&FS, he worked across various capacities including that of CFO, COO and Executive Director - Finance & Operations. In this role, he played a pivotal role in setting up of wholesale and retail businesses at one of its subsidiary IL&FS Investsmart.

Mr. Joshi is a qualified Chartered Accountant and a Cost Accountant. He has also done his post-graduation in Law and has completed the Business Leadership Program from IIM Calcutta. He is an avid runner and regularly participates in full as well as half marathons, loves travelling and watching sports particularly cricket.

Mr. Raju Dodti is the Chief Operating Officer (COO) at L&T Finance, where he provides leadership to the company's key operating functions. He even served as Chief Executive (CE) of Wholesale & SME Finance and successfully led complex business transformations and optimized the organization's portfolio. He joined L&T Finance as the Group General Counsel and was crucial in providing strategic direction ensuring compliance with regulatory requirements.

Prior to joining L&T Finance in 2015, Mr. Dodti had over two decades of experience where he consistently demonstrated his expertise in leading teams and driving business growth in various roles across the legal function of leading BFSI companies, including IDFC, Rabo India Finance, ABN AMRO NV, Societe Generale, and Global Trust Bank.

Today, Mr. Dodti serves on the boards of multiple organizations, utilizing his expertise to provide guidance and oversight. He holds a Bachelor's degree in commerce from Mumbai University and a degree in law from Government Law College. Mr. Dodti is a well-rounded individual with interests in music, travel, and fitness.

Mr. Santosh B. Parab leads the Legal function at LTF in his capacity as the Group General Counsel. He has over 28 years of experience with expertise in varied legal and compliance domains – Retail, Wholesale and Banking Finance, Borrowings & Treasury, Mergers & Acquisitions of entities in the Financial Sector, Equity Raising, Private Equity, Litigation, Recovery and Resolution.

Prior to joining LTFS, Mr. Parab worked with IDBI, IDFC, IDFC Bank and Altico Capital in different roles across the legal and compliance functions. He has played a pivotal role in all major milestones achieved during his tenure with previous organisations including banking license, acquisitions and divestments of various financial entities, mergers of bank with NBFC, working on resolution plan among others.

Mr. Parab holds a Master's degree in law from Mumbai University, and a Bachelor's degree in commerce from Mumbai University.

Mr. Abhishek Sharma is the Chief Executive - SME Finance at L&T Finance. Prior to being elevated to the role Mr. Sharma led the Group’s digital transformation initiative. He has over 15 years of experience in Corporate Strategy, Product Development and Sales Leadership, across the Group, Rural Finance & Housing Finance businesses.

Previously, he has served as a Captain in the Indian Army for five years.

Mr. Sharma has a Post Graduate Diploma in Business Management from XLRI, Jamshedpur and holds a Bachelor’s Degree in Business Economics from the Delhi University.

He loves reading and is an avid sports enthusiast.

Ms. Sonia Krishnankutty is the Chief Executive – Rural Business Finance, Customer Service & Operations. She is spearheading the Rural Business Finance, in charge of building best-in-class portfolio, systems & processes and setting up new products to cater to our rural customers. She is also heading the Customer Service & Operations Function for all the Retail Businesses of LTF.

Having completed her MBA from XLRI, Jamshedpur, Ms Sonia has more than 21 years of experience in Banking and Financial sector handling various roles in business, recoveries, credit and risk across Retail Asset Financing, Priority Sector Lending and Rural Finance.

She joined LTF in 2008, and was pivotal in setting up and managing the Asset management services for handling hard collection for all Retail businesses. Post this, she continued her journey towards setting up and managing the company’s Risk Control Unit for all Retail businesses. Having successfully built and established two key functions, she moved on to head the Farm Equipment Finance business where she transformed the entire business function, enhanced book quality and reduced NPAs while improving the market share multi-fold, setting up manufacturer relationships and completing the turn-around of Farm Equipment Finance. Post her success in the Farm Equipment Finance, she took charge as Business Head for Micro Loans where she helped build and strengthen the portfolio. Under her leadership the business has gone through several critical phases while emerging with book and profitability intact.

Prior to joining LTFS, Ms. Sonia had worked with Bank of Baroda in various functions covering Credit, Collections and Business in Retail Lending.

Ms. Apurva Rathod is the Company Secretary & Chief Sustainability Officer at L&T Finance Limited (formerly known as L&T Finance Holdings Limited).

With an experience of over 22 years, she has worked across Legal, Compliance, Risk Management and Corporate Secretarial functions. She moved to LTF from Fidelity in 2012 and has been at the helm of Corporate Secretarial function since 2016. In addition, she has also been leading the Group CSR & Sustainability initiatives of LTF since March 2020.

She has been spearheading the strategic initiative of corporate restructuring of various lending entities within LTF and has also played a pivotal role in strengthening the corporate governance framework through robust processes and controls.

As the Head of CSR initiatives, she has been instrumental in scaling up “Digital Sakhi” - the flagship program of LTF aimed at Digital Financial Inclusion of rural women and creating sustainable livelihoods. The program has won prestigious awards in the categories of women empowerment and digital literacy, across multiple forums.

She is also leading the strategy and implementation of LTF sustainability initiatives and has been a key part of its journey in addressing various environmental, social and governance risks across business platforms.

In her previous stints, she has been associated with the mutual fund arm of Fidelity International in India and Kotak Mahindra AMC Limited and has played a key role in corporate M&A.

Ms. Rathod is a member of the Institute of Company Secretaries of India and holds a Bachelor of Laws and a Bachelor of Commerce from the University of Mumbai.

Mr. Asheesh Goel is the Chief Executive for Farmer Finance at L&T Financial Services and comes with a rich work experience of more than 28 years in the financial services industry. Mr. Goel has an excellent track record of developing and transforming systems and processes that has helped businesses scale new heights. This has been achieved by reengineering the existing business model, remodelling and building robust architecture and transformation of the deliverance platform for meeting the core objective of the Organization. In his long span in the lending business, Mr. Goel has launched new asset financing verticals, built robust infrastructure along with laying down customer- centric initiatives to build reach and scale.

A Chartered Accountant by qualification, before joining L&T Financial Services in 2019, Mr. Goel was with Citibank for close to 19 years heading varied asset verticals.

Kavita Jagtiani, Chief Marketing Officer (CMO) of L&T Finance Ltd., is based in Mumbai and is renowned for her expertise in leading marketing and communications strategies. In her current role, she is spearheading the branding and communication efforts towards positioning the Company as an admired and inspirational financial institution, creating sustainable value for all its stakeholders. This includes developing and implementing strategies across all product categories and channels thus driving the organisation to a higher stature.

Kavita has over 25 years of rich experience in brand building and marketing. She has a proven track record in strategic planning, category creation, innovation, consumer insights, in-market brand activation, and integrated marketing campaigns.

In her previous role at Pidilite Industries, Kavita had worked for over a decade, and served as the Regional Marketing Chief of International Business where she had honed her skills in steering integrated marketing communications and crafting award-winning campaigns across diverse regions.

Before her tenure at Pidilite, Kavita held leadership roles at esteemed organizations like ICICI Bank Ltd., General Mills India, and Weikfield Consumer Products Pvt Ltd. where her work has received several global and national accolades.

Kavita's educational background includes an Exemplary Certification in Digital Strategies for Business from Emeritus & Columbia Business School, New York, and a Post Graduate Diploma in Business Management in Marketing from Sydenham Institute of Management Studies, Research and Entrepreneurship Education. She also holds a master's degree in commerce from Mumbai University. Her vast experience and academic achievements underscore her capability to drive organizational growth and brand elevation.

Mr. Aithal is a Senior Technology Executive with a proven track record of transforming digital landscapes by formulating strategic plans, ensuring operational success in execution, and delivering results.

He comes with over 25-year track record of leadership in public technology companies, startups and fintech industry with grounds up experience in setting up, scaling, and managing cross-functional global teams

Mr. Aithal served as Site Lead, India and Head of Engineering & Centre Head, India in Elastic and Zenefits Technologies respectively, where he was involved in establishing the development centres in India. He has also led strategic technology initiatives within the Fixed Income and Derivatives trading and Risk management areas at Goldman Sachs and has been associated with Ness Technologies and Citibank N.A in his previous stints. He holds a Bachelor of Engineering degree in Electronics and Communication from National Institute of Technology, Surathkal.

Mr. Jinesh Shah currently serves as the Chief Executive of Urban Secured Assets & Third Party Products at L&T Finance Ltd. (LTF), where he leads the strategic direction and execution for these key business areas.

Mr. Shah is a highly accomplished banking and financial services leader with over 27 years of experience. He possesses a comprehensive understanding of the financial landscape, cultivated through a diverse career spanning various critical functions. His expertise encompasses Business Management, Digital Initiatives, Financial Planning, Sales & Distribution, Credit Risk, Collections, and Wealth Management.

Prior to joining LTF, Mr. Shah held the position of Managing Director and Head - Mortgages & Loan Against Property at Standard Chartered Bank, India. His leadership journey also includes significant roles at prominent institutions such as ICICI Bank, HSBC, Citibank NA, and GE Countrywide, where he consistently demonstrated his ability to drive growth and innovation.

Mr. Shah's strong academic foundation complements his professional achievements. He holds a Master of Management Studies in Finance from the Welingkar Institute of Management and a Bachelor of Commerce in Accounting and Finance from the HR College of Commerce & Economics.