L&T Finance Holdings Name Change Receives RoC Approval

Mumbai, March 28, 2024: In a move that simplifies its brand identity and reflects its recent merger, L&T Finance Holdings Ltd. (LTFH) is officially L&T Finance Ltd. The company secured the final approval from the Registrar of Companies (RoC) on March 28, 2024, signifying the completion of the name change process.

This development comes after LTFH successfully merged with its subsidiaries, L&T Infrastructure Credit Limited and L&T Mutual Fund Trustee Limited, in December 2023. The new name, L&T Finance Ltd., underscores the company’s commitment to creating a “single lending entity” under the established L&T Finance brand. This streamlined structure aims to enhance operational efficiency and provide a more cohesive experience for its customers.

“L&T Finance Ltd. embodies our dedication to offering a simplified and comprehensive suite of financial services to our valued clientele,” said Sudipta Roy, Managing Director & CEO of L&T Finance. “This change aligns perfectly with our vision of becoming a leading force in integrated financial solutions.”

Beyond the Name Change: A Streamlined Future

The name change signifies more than just a new moniker. LTFH undertook a meticulous process to ensure a smooth transition. This involved obtaining approval from the RoC and surrendering the certificates of registration for the merged entities to the Reserve Bank of India (RBI) to comply with regulatory requirements.

“The issuance of the fresh Certificate of Incorporation by the RoC on March 28, 2024, marks the successful culmination of all objectives outlined in the amalgamation scheme,” explained Apurva Rathod, Company Secretary and Chief Sustainability Officer of L&T Finance.

Expected Impact: Stronger Brand, Simplified Operations

The name change is expected to bring several positive outcomes. A more concise and recognizable brand name like L&T Finance Ltd. can strengthen brand recognition and customer perception. It also simplifies future business operations by eliminating the need for separate branding for different subsidiaries. Investors can anticipate seeing the new company name reflected in stock market listings and financial reports moving forward.

A Step Forward: A Unified L&T Finance

L&T Finance Ltd.’s name change signifies a significant step towards a more unified and streamlined approach to financial services. This strategic move positions the company for future growth and is likely to benefit both customers and investors through a more cohesive brand experience and potentially stronger operational efficiency.

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