Larsen and Toubro Infrastructure Finance Company Limited
L&T Infrastructure Finance Company Limited (LT Infra) is a wholly owned subsidiary of Larsen & Toubro Limited. LT Infra is a Non Banking Financial Company (NBFC) registered under Reserve Bank of India (RBI) Act 1934. The company has commenced operations in January 2007.It leverages L&T’s expertise in the infrastructure sector to offer turnkey financial solutions.
About L&T Group:Larsen & Toubro Limited(L&T) is a Technology, Engineering, Construction and Manufacturing company. It is one of the largest and most respected companies in India's private sector.
Larsen & Toubro Infrastructure Finance was set up as a 100% subsidiary of L&T with an initial capital of Rs. 500 crore (USD 125 million). It commenced its business in January 2007 upon obtaining Non-Banking Financial Company (NBFC) license from the Reserve Bank of India (RBI).
As of March 31, 2008, L&T Infrastructure Finance has approved financing of more than one billion USD to select projects in the infrastructure sector.
Board of Directors
Name |
Designation |
Positions Held |
|---|---|---|
Mr. Y M Deosthalee |
Chairman |
CFO and Member of Board, L&T Limited |
Mr. N Sivaraman |
Director |
Executive Vice President, L&T Limited |
Mr. B V Bhargava |
Independent Director |
Chairman, CRISIL & NCDEX Ex- Vice Chairman & Managing Director, ICICI Ltd. |
Mr. R H Patil |
Independent Director |
Chairman, Clearing Corporation of India Ltd.,Founder Chairman of NSE (1993-2001) |
Mr. Richard Tinsley |
Independent Director |
President, International Advisory & Finance, Canada Managing Director, Asia Pacific Power, Australia |
Management Team
Name |
Designation |
Experience |
|---|---|---|
Mr. Suneet K Maheshwari |
Chief Executive |
24 yrs in advisory and financing of infrastructure projects at ICICI Ltd., Feedback Ventures & SREI Infrastructure Finance Ltd. |
Mr. Ramesh Bhujang |
Chief - Risk and Asset Management |
28 yrs in financial sector in India & abroad at UBI, UTI, IDBI and AFIC |
Mr. Anand K Gore |
General Manager and Head -Project Finance |
21 yrs in corporate & project finance industry at Essar Steel, Lloyds Steel , ICICI Bank, SREI Infrastructure Finance Ltd. |
Functional Areas
- Project Finance Group:
Project Finance Group (PFG) is primarily responsible for business development, appraisal of projects and client relationship management including monitoring, collection & recovery. This group facilitates decision making for LT Infra to lend/invest in various projects. The main objective of PFG is to structure and provide tailor made solutions to its clients in terms of debt, sub-debt, quasi-equity funding, equity Investments etc. The bouquet of financing products being offered by this group is as under:-
Term loan
Mezzanine debt/ Sub debt
Leasing
Structured finance
- Risk Management:
As part of the appraisal process undertaken by the PFG, a risk analysis for the projects is carried out by the Risk Management department. Based on the risk analysis, PFG designs/recommends the appropriate risk mitigation structures to enhance the viability. After the project feasibility is established by PFG, the proposal is put forward for approval.
- Project Development:
The project development group has been set up as a distinct group to explore business opportunities in infrastructure projects, particularly energy and transportation sectors. The objective of the group is to identify and work on projects where LT Infra can participate in development of infrastructure projects as co-developer by taking equity/equity linked positions in the Developer Company.
Products & Services
LT Infra offers a range of products and services to its clients in the infrastructure sector so as to provide them with total financing solutions. In this regard, the following will be the main types of assistances available from LT Infra:
Term loan
Lease
Syndication
Structured finance
Equity