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About Us

Our vision at L&T Financial Services is to be an Admirable, Inspirational & Sustainable institution. 

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Board of Directors

Mr. Dinanath Dubhashi

Non- Executive Director

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Mr. Dubhashi holds a B.E. (Mechanical) and has completed his PGDM from IIM, Bangalore. He has been with L&T Finance since April 2007. Prior to taking over as Chief Executive, Mr. Dubhashi has occupied various senior level positions in the organization and has been responsible for leading L&T Finance's foray into Retail Finance including Microfinance. In his position as Chief Executive, L&T Finance, Mr. Dubhashi had also overseen the other Retail Finance subsidiaries of the group viz. L&T Housing Finance Limited and Family Credit Limited at a strategic level.

 

He has over 23 years of experience in various fields of financial services like Retail Financial Services, Corporate Banking, Cash Management and Trade Finance, Credit Rating and Project Finance across various reputed Indian and international organizations. Prior to joining L&T Finance, he worked with BNP Paribas for 10 years in India and abroad, heading various important verticals like Cash Management, Trade Services and Corporate Banking products. His assignments previous to this were with Birla Sunlife, Care Ratings and SBI Capital Markets. 

 

He has also been appointed as a Whole time Managing Director & Chief Executive Officer on the Board of L&T Finance Holdings Limited, parent company.

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Mr. P.V Bhide

Independent Director

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P V Bhide has worked in several government positions during a career spanning over four decades. Some of his roles include Secretary, Department of Revenue, Ministry of Finance; Secretary and Joint Secretary, Department of Disinvestment, Ministry of Finance; Additional Secretary/Spl. Secretary, Ministry of Home Affairs; Deputy Secretary, Department of Economic Affairs, Ministry of Finance. He has also held various other key positions across departments.He is a retired IAS Officer with an MBA, LLB and BSc degree.

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Mr. M. Venugopalan

Independent Director

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Mr. Mannil Venugopalan holds a Bachelor of Commerce degree from Kerala University and has worked as a Commercial Banker for nearly four and a half decades. He started his career as a Probationary Officer with Bank of India in 1966. In 2000, he joined Union Bank as an Executive Director. In 2003, he returned to Bank of India as the Chairman and Managing Director. In May 2005, he joined Federal Bank as the Managing Director and Chief Executive Officer.

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Mr. Prabhakar B

Non-Executive Director 

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Mr. Prabhakar B, is a commerce graduate from the University of Mysore and a Chartered Accountant. He retired as Chairman and Managing Director of Andhra Bank in August 2013 after serving various banks for about 37 years. Prior to that, he had served as the Executive Director of Bank of India for a period of a little over 3 years from October 2008 to December 2011. Before that, he had served with Bank of Baroda from October 1977 to October 2008 having worked in all areas of banking. He also worked abroad for about eight years in stints at Zambia and U.K. He was the Chief Executive of Bank of Baroda, UK operations. 

 

Mr. Prabhakar B. had served on various Boards representing the Banks he had worked. He was the Chairman of Bank of India (Tanzania) and Bank of India (Indonesia). He was also on the Board of Star Union Daichi Insurance Ltd, India International Bank (Malaysia) and ASREC India Ltd

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Mr. Ashish Kotecha

Non- Executive Director

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Mr. Ashish Kotecha is an Operating Partner with Bain Capital.  He is the Regional Lead for Bain Capital's Portfolio Group in Asia covering investments in China, Japan, India, Australia and Korea. Prior to joining Bain Capital, Mr. Kotecha was the Chief Operating Officer at Tourneau - a Leonard Green & Partners portfolio company.  Earlier he was with McKinsey & Company where he led engagements in the retail, consumer and private equity industries. 

 

He has been actively involved in the investments in L&T Finance Holdings Limited, Hero Motocorp, Himadri Chemicals & Industries Ltd., Asia Pacific Medical Group, Rise Education, Camp Australia and Only About Children.

 

He received an MBA with honors from The Anderson School at UCLA, a Master of Commerce from Sydenham College, and a Bachelor of Commerce from the University of Mumbai. 

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Dr. Rajani Gupte

  Independent Director

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Dr. Rajani R. Gupte had done Ph. D in Economics from Gokhale Institute of Politics and Economics, Pune University, on the topic "The impact of trade liberalisation on the level of protection of Indian Industry". 

 

Currently, Mrs. Gupte is the Vice Chancellor of Symbiosis International University, Pune. During the period 2004-2012, she had also served as a Director of Symbiosis Institute of International Business (SIIB). She was actively involved in establishing SIIB as one of the leading B-Schools in India.

 

In past, she has also worked as Director-Finance, in a Private Limited Company, wherein she has handled Finance operations seamlessly.

 

She had also served as a Dean of Symbiosis International University. She had also served as member WTO committee, Government of Maharashtra, Department of Horticulture during the period 2002-06.

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Mr. D R Dogra 

  Independent Director

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D R Dogra has around 39 years of experience, mainly in the domain of banking and credit rating. 

 

He was the Managing Director & CEO of CARE Ratings from August 2009 to August 2016. He transformed the company after taking over as MD and made CARE the second largest rating agency in the country. He led the listing of the Company in 2012. Before being named the MD & CEO, he served as the Deputy Managing Director of Care from June 2008 onwards. He was one of the first employees of CARE when he joined as Deputy General Manager in 1993. 

 

He has previously worked with Department of Agriculture, H.P. Government in 1977-78 followed by 15 years’ service with Dena Bank in various capacities in credit, business development and planning at various locations. 

 

He has Master’s degree in business administration (Finance) from Faculty of Management Studies, University of Delhi and a Bachelor’s and Master’s degree in Agriculture from Himachal Pradesh University and He is a certified associate of Indian Institute of Bankers. 

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Management

Mr. Sunil Prabhune

Chief Executive – Rural Finance 

&

Chief - Human Resource Officer

 

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Mr. Sunil Prabhune is the Chief Executive of Rural Finance which includes Micro Loan, Farm Equipment Finance and Two Wheeler Finance. Under his dynamic leadership, the Rural Finance business has evolved into a market leader in multiple segments. 

 

A harbinger of change, Mr. Prabhune has helped the Farm Equipment Finance business in its endeavour to achieve a dominant position. The business has witnessed a turnaround aided by enhanced loan book quality, reduced NPAs and strengthening of the collection infrastructure. Digitization of the credit process has enabled the Two Wheeler Finance business to become a leader in multiple geographies. Mr. Prabhune’s ability to focus on detail, while keeping an eye on the larger picture, has aided him in realigning the Micro Loan business, while increasing its national footprint.

 

In his role as the Chief Human Resources Officer, Mr. Prabhune has been an enabling force for leadership development and change management. Under his guidance, the Human Resources team at LTFS is driving the transformation of the organisation structure and skills, aligning it towards focussed execution and achieving the target ROE.

 

Earlier, Mr. Prabhune was instrumental in giving strategic direction to Group Corporate Communications, Facilities & Channel Management and Corporate Social Responsibility functions. He has also played a pivotal role in the initiation of the Cost Optimisation drive across LTFS, which has helped the organisation become more competitive.

 

Mr. Prabhune joined L&T Financial Services in 2013 and has around two decades of experience in global and regional leadership roles across sectors, particularly in areas of organizational change, transformation management and building capabilities for leadership. He has also headed process efficiency and digitization in his previous roles and has been associated with organisations like ICICI Bank, Novartis, GE, and ICI in various capacities in the past.

 

He is a Gold Medallist in Business Management from Xavier Institute of Management, Bhubaneswar. Mr. Prabhune is an avid reader and a sports enthusiast.

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