L&T Finance Limited Announces Senior Management Appointment

Mike

Mumbai, February 5, 2025 – L&T Finance Limited (NSE: LTF, BSE: 533519) has officially announced a key leadership appointment in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Senior Management Change

The company has appointed Mr. Jinesh Shah as Chief Executive – Urban Secured Assets & 3rd Party Products, effective February 5, 2025.

Profile of Jinesh Shah

Mr. Shah is a seasoned banking professional with over 27 years of experience in:

Business management
Digital transformation
Financial planning
Sales & distribution
Customer propositions
Credit risk
Debt management
Governance

Previously, Mr. Shah served as Managing Director & Head - Mortgages & Retail LAP (Loan Against Property) at Standard Chartered Bank, India, where he achieved notable milestones, including:

Doubling portfolio size
Enhancing credit quality
Pioneering digital onboarding processes

Throughout his career, he has held leadership roles at HSBC, Citibank, ICICI Bank, and GE Countrywide, contributing to business growth, innovation, and risk management across various customer segments.

Company Statement

The announcement aligns with L&T Finance’s commitment to strengthening its leadership team to drive continued growth and digital transformation in the financial services sector.

This development has been formally communicated to the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).