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. Dinanath Dubhashi is the Managing Director & CEO of L&T Finance Holdings Ltd. (LTFH).

With a rich experience of over two decades, he has worked in multiple domains of financial services such as corporate banking, cash management, credit rating, retail lending and rural finance. 

He has been with L&T Financial Services since 2007 and has been instrumental in scaling up the retail business operations manifold, across customer segments and geographies. The strategy roadmap defined under his leadership has transformed LTFH into an organization focused on creating sustainable value for shareholders through an increase in retailization of the loan book, robust risk management framework that delivered consistent top quartile return on equity through decisive strategic choices in businesses. 

He has been focusing on the creation of a stable and sustainable organization, built on a foundation of ‘Assurance’ for all stakeholders.

Prior to L&T Financial Services, he was associated with organizations such as BNP Paribas, CARE Ratings and SBI Capital Markets in various capacities.

Mr. Dubhashi has also been co-chairing the FICCI Committee on NBFCs since 2018 and was recently named the “DX CEO” for ‘Transforming financial services delivery with digitization’ at the IDC Digital Transformation Awards India, 2020.

He is a Postgraduate from IIM Bangalore and holds a B.E.(Mechanical) degree.

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Mr. P.V Bhide

Independent Director

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Mr. 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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Dr. (Mrs.) Rajani R. 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, Dr. 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 the past, she has also worked as Director-Finance, in a Private Limited Company, wherein she has handled Finance operations seamlessly.

She had earlier served as a Dean and Pro Vice Chancellor of Symbiosis International University. She had also served as member WTO committee, Government of Maharashtra, Department of Horticulture during the period 2002-06. She was invited to be a part of a committee of eminent economists formed by NITI Aayog to interact with the Honourable Prime Minister on "Economic Policy: The Road Ahead" in January 2018.

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Mr. Thomas Mathew T

Independent Director

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Thomas Mathew T. has over four decades of strategic leadership and operational experience in the Life Insurance & Reinsurance industry. He was the Managing Director and Interim Chairman of L.I.C. He was also India MD & CEO of 'Reinsurance Group of America'. He was nominated by SEBI as the Chairman of the Metropolitan Stock Exchange of India. He has served as Director on the Boards of Mahindra & Mahindra Limited, Tata Power Co. Limited, Voltas Limited, IFCI Limited and Corporation Bank. He was a member on the Governing Council of the MDI, Gurgaon, Actuarial Institute of India & Chairman of The National Insurance Academy, Pune.

He is a Director on the Boards of PTC India Financial Services Limited, Canara HSBC OBC Life Insurance Company, LIC (International) B.S.C.(c), Bahrain and subsidiaries of the Company. He is also member of the 'Take Over Panel' of SEBI.

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Ms. Nishi Vasudeva

Independent Director

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Ms. Nishi Vasudeva is an internationally acclaimed leader and is the first woman to chair an oil and gas company in India.

Ms. Vasudeva represented HPCL as Chairman / Director on the board of several Joint Venture companies. Ms. Vasudeva was responsible for developing the vision and long term objectives, improving growth and profitability, driving a high performance culture geared towards operational excellence and consistent value creation for shareholders & all stakeholders.

Prior to assuming responsibility as C&MD, Ms. Vasudeva served on HPCL Board as Director-Marketing and was responsible for pan India sales (B2B & B2C segments), Brand building, Efficient supply chain management, Infrastructure development and leading HPCL foray into new business lines.

Her career at HPCL included leadership positions in Marketing, Corporate Strategy, Planning and Information systems and has led key business transformation & organizational restructuring projects.

Ms. Vasudeva is the first Indian to be awarded the Global CEO of the year at Platt’s Global energy awards 2015. Ms. Vasudeva received the SCOPE Award for excellence and outstanding contribution to Public sector Management from the Hon’ble President of India and was also recognized with Outstanding Women Manager Award by SCOPE.

Ms. Vasudeva has been a member in several committees for development of policy in the Oil Industry and Hydrocarbon sector in India.

Ms. Vasudeva is BA (Economic Honours) from Delhi University and an MBA from IIM Calcutta with over 38 years of experience in the petroleum industry.

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Mr. Rishi Mandawat

  Non-Executive Director

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Mr. Rishi Mandawat is the Principal of Bain Capital and leads Investment and Coverage in the Financial Service, Industrial and Energy Sectors. 

Prior to joining Bain Capital, Mr. Mandawat worked at McKinsey and Company in the Delhi office on a number of strategic and operational issues for clients in the electric power and energy, construction, retail and automotive, sectors. Prior to joining McKinsey, he worked in the as a finance controller for two business units in ABB in India. Mr. Mandawat was a summer analyst at P&G in Mumbai during his MBA at IIM, Ahmedabad.

Mr. Mandawat received his MBA from the Indian Institute of Management, Ahmedabad and his B.Com from Jodhpur University. Mr. Mandawat is also a Chartered Accountant from the Institute of Chartered Accountants of India. 

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Mr. Sunil Prabhune

Whole-time Director

 

 

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Mr. Sunil Prabhune is the Chief Executive of Rural Finance and Group Head - Digital, IT and Analytics. Rural Finance vertical comprises of Micro Loans, Farm Equipment Finance, Two Wheeler Finance and Consumer Loans.

A harbinger of change, Mr. Prabhune has guided the Farm Equipment Finance business towards enhanced loan book quality, reduced NPAs, and a strong collection infrastructure. Digitisation 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 the details, while keeping an eye on the larger picture, has helped him in realigning the Micro Loan business and increasing its national footprint. With his guidance, Rural Finance has added Consumer loans, a fully digital proposition, to its product portfolio and the product is steadily scaling up. Under his leadership, the Rural Finance business has evolved into a market leader in multiple segments and geographies.

In his capacity as the Group Head - Digital, IT and Analytics, Mr.Prabhune’s focus is on further enhancing organisational efficiency and customer experience. Additionally, Mr. Prabhune also leads various inorganic growth initiatives of the organisation, in line with the strategy of driving the retailisation of the portfolio.

Mr. Prabhune plays a pivotal role leading the Strategic Cost optimisation drive across LTFS, which has helped the organisation become more competitive.

In his earlier role as the Chief Human Resource Officer at LTFS, Mr. Prabhune was instrumental in driving the transformational journey of organisational structure and skills, aligning these initiatives to focused execution and targeted RoEs.

He joined L&T Financial Services in 2013 and has more than two decades of experience in global and regional leadership roles across sectors, particularly in areas of organisational change, transformation management and building capabilities for leadership. He has also headed process efficiency and digitization in his previous roles and was associated in various capacities with organisations such as ICICI Bank, Novartis, GE, and ICI.

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

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