L&T Finance Holdings Limited:
L&T Finance Holdings Limited is one of the most renowned financial service providers of India. The company has its customers all across India as well as the world. The company offers several financial services to its customers in India. It controls its business operations through housing business, wholesale business, and rural business, defocused business, and many other segments.
Different segments of L&T Finance Holdings Limited mainly provide financial assistance for the types of equipment that are needed for farming, as well as the financial services regarding two-wheelers and the micro business. The company also provides loans against different kind of properties of the customers and also the home loans are also provided by the company.
L&T Finance Holdings Limited also deals with the debt funds and loans for the corporate business holders. The company has a name for its services regarding the management services of the assets. The company provides the products of mutual funds. L&T Finance Holdings Limited was incorporated in 2008 and is based in Mumbai.
About Company Information:
In 2008, L&T Finance Holdings Limited had initiated its business operations as an organization and received the registration as a public limited. During its early days, the name of the company was L&T Capital Holdings Limited. The company was considered as the subordinate firm of Larson & Turbo Company.
In 2009, L&T Finance Holdings Limited got huge financial assistance from L&T Limited in terms of their investments. In this year, the investments and the funds of the L&T Limited, India Infrastructure Developers Limited, L&T Infrastructure Finance Company and L&T Finance Limited were transferred to the L&T Finance Holdings Limited, which helped the company a lot to make new assets and got stable revenue for itself. In this same year, two of the companies, namely India Infrastructure Developers Limited and L&T Finance Company, registered itself as the completely owned subsidiary of the company.
In 2010, L&T Finance Holdings Limited had done many business activities that were very beneficial for the company. The subsidiary company L&T Finance Limited had possessed the companies like the L&T investment management Limited and the L&T Mutual Fund Trustee Limited. The company which was mentioned later was considered as the trustee company of the renowned L&T Mutual Funds. In this same year, the company was renamed itself as the L&T Finance Holdings Limited from the L&T Capital Holdings Limited which has been sustaining till the date.
During the 2010 – 2012 L&T Finance Holdings Limited reached new heights as the company recorded that it had achieved the mark, where the assets of the company crossed the price of the 20000 crores. In 2011, the company rushed into the capital market along with its offer for the public. In the year of 2012, the company crossed the mark of 30000 crores in its cost of the assets.
The assets of the company were increasing day by day. In this year the company acquired the Indo Pacific Housing Finance Ltd for entering in the business of the housing finance. In the same year, the company also entered into the mutual fund business by acquiring Fidelity’s mutual fund business. The company also acquired a company, namely Family Credit, a company, dealing with non-banking finance.
During 2016 to 2017, L&T Finance Holdings Limited focused on the strategies to improve the R&D and also selected the products that can be offered to the customers of the company. In 2017, the company expanded itself by starting their microloans in the regions of Assam. In the same year, the price of the assets, including the mutual fund business had crossed the mark of 50000 crores.
In 2018, the L&T Finance Holdings Limited declared that it was opening their 1000th centre for the meetings in Kolkata. This helped its business of the microloans. In the same year, the company came out with an app for smartphones, which could deliver the customers to have a chance to sanction the loans instantly and easily.
How L&T Finance Holdings Limited, is categorised as a Finance Sector, and Finance and Investment Industry :
Financial and Investments industry comprises the companies that derive its business by providing economical services which encompass a broad range of managing money, credit-card companies, including credit unions, banks, accountancy companies, consumer-finance companies, insurance companies, stock brokerages, individual managers, investment funds, and some government-sponsored enterprises. It also engages in advisory based financial transactions on account of individuals, organisations, and governments.
L&T Finance Holdings Limited is categorised as a Finance Sector, and Finance and Investment Industry. The finance sector is a section that leads the world in terms of equity market capitalization and earnings. The companies that are in the economic enterprise focus mainly on managing money, as their revenue is generated mostly by the sectors from mortgage and loans that gain value as interest rates rise. Also, this industry's economy is made up of institutions and firms that provide financial services to wholesale and retail customers.
L&T Finance Holdings Limited, Competitors and Sector Peers:
Aditya Birla Money Ltd. APOSIN
Apollo Finvest (India) Ltd. APOLFI
Bajaj Holdings & Investment Ltd. BAJAJA
Birla Capital And Financial Services Ltd. BIRCAP
Dalal Street Investments Ltd. DALSTR
HDFC Asset Management Company Ltd. HDFASS
ICICI Securities Ltd. ICIBRO
India Lease Development Ltd. INDLEA
India Securities Ltd. INDSEC
Indiabulls Financial Services Ltd.[Amalgamated] INDIAF
Indiabulls Ventures Ltd. INDISE
Ishwarshakti Holdings & Traders Ltd. ISHHOL
ISL Consulting Ltd. INNSEC
Jackson Investments Ltd. JACINV
Jagsonpal Finance & Leasing Ltd. JAGFIN
Jayabharat Credit Ltd. JAYCRE
Jayant Mercantile Co. Ltd. JAYMER
Jaykay Enterprises Ltd. JKSYNL
Jenson & Nicholson Financial Services Ltd. JENSO
Jhaveri Credits & Capital Ltd. JHACRE
Jindal Capital Ltd. JINCAP
Jindal Leasefin Ltd. JINLEA
Jindal Poly Investment & Finance Company Ltd. JINDA5
JJ Finance Corporation Ltd. JJFINC
JK Investo Trade (India) Ltd. JKINVT
Kelvin Fincap Ltd. DAHSON
Ken Financial Services Ltd. KENFIN
Lakshmi Finance & Industrial Corporation Ltd. LAKFIN
Mahindra & Mahindra Financial Services Ltd. MAHI
Manappuram Finance Ltd. MANGEN
Motilal Oswal Financial Services Ltd. MOTOSW
Muthoot Capital Services Ltd. MUTCAP
Muthoot Finance Ltd. MUTFIN
NCL Research & Financial Services Ltd. NCLRES
NDA Securities Ltd. NDASEC
Panafic Industrials Ltd. PANAIN
Pankaj Piyush Trade & Investment Ltd. PANPIY
Prism Finance Ltd. PRISFI
Prithvi Exchange (India) Ltd. PRITSO
Reliance Capital Ltd. RELICA
Reliance Nippon Life Asset Management Ltd. RELCAP
Relic Technologies Ltd. RELICT
Religare Enterprises Ltd. RELIGE
Sheetal Bio-Agro Tech Ltd. SHEBIO
Shell Mercantile Corporation Ltd. SHEMER
Sheraton Properties & Finance Ltd. SHERPR
Shreenath Investments Company Ltd. SHRINC
Shreevatsaa Finance & Leasing Ltd. SHRFIN
Shri Kalyan Holdings Ltd. SHRKAL
Shri Niwas Leasing and Finance Ltd. SHRNIW
Stellar Capital Services Ltd. STELCA
Step Two Corporation Ltd. STETWO
Tata Investment Corporation Ltd. TATINV
Titan Securities Ltd. TITSEC
TRC Financial Services Ltd. TRCFIN
Tridev Infraestates Ltd. ASHUPA
Trijal Industries Ltd. TRIJIN
Trinity League India Ltd. DRHOM
Zuari Forex Ltd.[Amalgamated] ZUAFOR
Exclusive | L&T Mutual Fund: GA-backed IIFL Wealth, HDFC AMC, Blackstone and DSP Group in the frayMoneycontrolNewsBotApr 29, 2020 5:28 AM
Exclusive | L&T Mutual Fund: GA-backed IIFL Wealth, HDFC AMC, Blackstone and DSP Group lead raceMoneycontrolNewsBotApr 24, 2020 9:28 AM
IIFL completes acquisition of L&T Finance's wealth management businessMoneycontrolNewsBotApr 21, 2020 5:18 AM
Ujjivan Financial, Bajaj Finance tank 7-8% on UBS downgrade, target cutMoneycontrolNewsBotMar 20, 2020 1:28 AM
Stocks in the news: Lakshmi Vilas Bank, SpiceJet, IndiGo, Balrampur Chini, RITESMoneycontrolNewsBotMar 19, 2020 2:43 AM
Trade Setup for Friday: Top 14 things to know before Opening BellMoneycontrolNewsBotMar 16, 2020 2:48 AM
Time to revisit midcaps? Citigroup picks top 11 stocks that are worth a lookMoneycontrolNewsBotFeb 24, 2020 7:43 AM
Brokerages see Sensex around 43,650 in a year; top investment ideas post Q3MoneycontrolNewsBotFeb 24, 2020 7:38 AM
Brokerages see Nifty around 13,350 & Sensex around 43,650 in a year; 10 investment ideasMoneycontrolNewsBotFeb 18, 2020 1:58 AM
NSE drops Yes Bank from Nifty 50, picks Shree CementMoneycontrol