The Board of Directors of L&T Finance approved the appointment of Sudipta Roy as their new Managing Director and Chief Executive Officer with effect from January 24, 2024, and Dinanath Dubhashi as the Whole Time Director on the Board of the Company until his retirement on April 30, 2024. Until that date, Dubhashi will oversee and assist with the smooth transition of leadership, as well as serve as special advisor to the Chairman of the Board.
Dubhashi has made substantial contributions to L&T Finance over the last 17 years and has successfully led the Company’s transformational path as Managing Director and Chief Executive Officer for the previous 8 years. The early achievement of targets outlined in the strategy roadmap Lakshya’26 under Dubhashi’s leadership demonstrates L&T Finance’s transformation, which has positioned it as a top-tier digitally enabled and customer-focused retail financier.
Roy, with his extensive experience and expertise in the areas of consumer finance, cards and retail loans, lending and payments technology systems, and associated risk management practices in India, China, and Canada, having built green-field lending and card businesses in all three countries, takes over the baton from Dubhashi and will spearhead the Company towards sustainably achieving Lakshya goals and leading L&T Finance to the next level of growth, making it a leader
Speaking on this occasion, S.N. Subrahmanyan, Chairman of L&T Finance Holdings Limited said, “I want to express my heartfelt gratitude to Dinanath for his transformational leadership and his contribution to the Company over the last 17 years. Over the years, he has not only strengthened the foundational pillars of the Company, but has also positioned LTFH as a leading digitally enabled Company in the retail financial services landscape. Dinanath leaves behind an outstanding legacy of accomplishments and a strong leadership pipeline within the Company. We wish him all the very best, as he progresses in his chosen social causes after his superannuation from the Company.”
He added that, “I would like to express my sincere appreciation for the support that Dinanath, as a true leader has been extending to Sudipta during the transition process over the last 6 months and I am sure that his guidance over the next 3 months will be extremely valuable for Sudipta to settle at the helm of the affairs of the Company.”
“I also warmly welcome Sudipta on board as the Managing Director and Chief Executive Officer of LTFH. Over the last 6 months of his association with LTFH as its Chief Operating Officer, he was directly supervising all the businesses of the Company along with the IT and Digital functions. Under his leadership, businesses have further strengthened their Right to Win with various initiatives like sharpening existing product propositions and optimising credit platforms. His significant contribution has been towards enhancing customer acquisition proposition by reimagining and redrawing various customer journeys as well as internal processes, widening the customer funnel, efficiently farming the strong customer database, sharpening credit underwriting by bringing new-age insights into the underwriting framework, reimagining digital journeys for a superlative customer experience, strengthening brand visibility and capability building of the organisation,” he added further.
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“I am sure that the Company will achieve great heights under Sudipta’s leadership and become a cutting-edge digitally powered Fintech@Scale, a leader in the retail financial services landscape. I am also certain that our collective capabilities will empower us to consistently deliver value to our stakeholders while living by our values of Pride, Ambition, Integrity and Discipline. I wish Sudipta all the very best as he embarks on this exciting journey at the helm of LTFH and also thank Dinanath for his significant contribution to the profitable growth of the Company over his tenure”, said S.N. Subrahmanyan.
