|Our Company was originally incorporated as L&T Capital Holdings Limited on May 1, 2008 under the Companies Act, as a public limited company, to carry on the business of investment/finance. Our Company received the certificate of commencement of business on May 15, 2008. Our Company subsequently changed the name of our Company to L&T Finance Holdings Limited pursuant to a special resolution passed by the shareholders at a general meeting dated September 1, 2010. Pursuant to the change of name, a fresh certificate of incorporation was granted to our Company by the RoC on September 6, 2010.
Our Company was registered with the RBI under Section 45-IA of the Reserve Bank of India Act, 1934, as a non-banking financial institution without accepting public deposits by a certificate of registration no. N-13.01925 dated March 31, 2009.
The Company is promoted by Larsen & Toubro Limited as a holding company for its financial services business.
Main objects of our Company
'To carry on the business of Investment/finance Company in all its branches and to invest, sell, purchase exchange, surrender, extinguish, relinquish, subscribe, acquire, undertake, underwrite, hold, auction, convert or otherwise deal in any shares, stocks, debentures, debenture stock, bonds, negotiable instruments, hedge instruments, warrants, certificates, premium notes, treasury Bills, obligations, inter corporate deposits, call money deposits, public deposits, commercial papers, options futures, money market securities, marketable or non marketable securities, derivatives and other instruments and securities issued, guaranteed or given by any government, semi-government, local authorities, public
sector undertakings, companies, corporations, co-operative societies, trusts, funds, State, Dominion sovereign, Ruler, Commissioner, Public body or authority, Supreme, Municipal, Local or otherwise and other organisations/entities persons and to acquire and hold controlling and other interests in the securities or loan capital of any issuer, company or companies.'
Key events and milestones of our Company and its Subsidiaries
L&T Finance was incorporated
L&T Finance commences business with focus on offering lease, hire purchase solutions
L&T Finance starts financing of rural assets - tractors and farm equipments
L&T Infra was incorporated in 2006 and received its certificate of registration from the
RBI in 2007
L&T Finance starts financing of commercial vehicles
L&T Finance makes foray into Microfinance
L&T Finance commences distribution of financial products
L&T Finance starts financing of capital market products
L&T Finance taps retail sources to raise funds for the first time successful
back-to-back NCD issuances
L&T Finance acquires DBS Cholamandalam Asset Management Limited and DBS
Cholamandalam Trustees Limited, foraying into mutual funds business
L&T Infra receives 'Infrastructure Finance Company' status from RBI
L&T Infra closes a public issue of long term infrastructure bonds
L&T Infra closes a second public issue of long term infrastructure bonds
L&T Infra is notified as a PFI under Section 4A of the Companies Act by Government
Pre-IPO Placement of 57,768,000 Equity Shares and 2,232,000 Equity Shares to MACE
CIPEF Limited and MACE CGPE Limited, respectively, for an aggregate consideration
of ' 3,300,000,000 at a subscription price of ' 55 per Equity Share.