L& T Finance Limited

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L& T Finance Limited was established by the Larsen and Turbo group in the year 1994 and has turned out be one of the prominent companies in the financial sector. L& T Finance Limited was stated off as a finance company to cater to the financial needs of various industries and the agricultural sector.

Funds for Agricultural Instruments by L& T Finance Limited:

L& T Finance Limited has formulated a unique scheme exclusively for its client John Deere Equipment Private Limited in the year 2002 and named it as Kishan Gaurav. Kishan Gaurav now extends its scope to provide financial assistance to the other clients of L& T Finance Limited to buy tractors. Kishan Gaurav offers varied plans against land mortgage, and the tenure of such plans may vary from 1 year to 5 years and also offers certain plans in absence of land mortgage whose tenure ranges from 1 year to 3 years.

Secured Loans of L& T Finance Limited:

L& T Finance Limited has also arranged for loans extended over a long period of time and such loans are alloted in exchange of the valuable belongings of the client. The company offers the advantage to riposte this loan in a number of ways including facility for disbursement on a monthly basis, or breaks the loan in such a way that the client is able to pay it off at quarters. Such loans require few significant documents as Promissory Note, proof of permission granted by the board of directors for the loan.

Funds for Automobiles by L& T Finance Limited:

The segment of L& T Finance Limited dealing with the financing of automobiles, guarantees loan on the automobiles purchased from the prominent vehicle producers such as Ashok Leyland, Bajaj Tempo etc. The company has developed automobile financing schemes for new automobiles as well as for second hand automobiles. Automobile loans provided by L& T Finance Limited may extend at the most to 4 years at a stretch and serves to contribute 85 % of the value of the automobile, deducting any insurance amount and the prices of other supplementary components attached to the vehicle.

Administrators of L& T Finance Limited:

L& T Finance Limited is controlled by an efficient management team, that is headed by Mr. A.N. Mani who holds the position of the Senior Vice-President. Other prominent heads include Mr. Anil Vaidya who is the head of the Support Services segment and Mrs. Dipti Advani who manages the Credit and Research section. Mr. G.K. Shettigar is the incharge of the treasury and Mr. V. Rajagopalan has been appointed as the treasurer. The legal issues are looked after by Ms. Raji Viswanathan and Mr. V. Ramesh, heads the Construction Equipment Financing division and so on.

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