How clear thinking helped Dubhashi turn around L&T Fin

L&T Finance Holdings is among the top five NBFCs with high RoE and one of the best in terms of asset quality

From being an almost crippled player with low return on equity (RoE) and plenty of bad press till two years ago to one of the top five non-banking financial companies now, L&T Finance has come a long way, because of the turnaround plan sewed up by the new management under Chief Executive Dinanath Dubhashi (pictured).
 

In short, the financial services arm of engineering giant Larsen & Toubro had badly missed the bus and the bull-run that the industry had till last year, but fortunately moved up the ladder in the past six quarters.

Today, L&T Finance Holdings is among the top