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Y M Deosthalee, brain behind L&T financial services business, dies at 74

Deosthalee served as the first chairman and managing director of L&T Financial Services.

Larsen & Toubro
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As a trustee of the newly formed L&T Public Charitable Trust, a major CSR initiative of the company, he took a keen interest in its various welfare activities.

Abhijit Lele Mumbai
Y M Deosthalee, L&T veteran and the brain behind its financial services business, died in Mumbai on Wednesday after prolonged illness. He was 74.

After graduating from Mumbai’s Sydenham College with a degree in commerce he qualified as chartered accountant.

He joined engineering conglomerate Larsen & Toubro in 1974. In September 1990, Deosthalee was made general manager, finance and personnel. He was promoted to L&T’s board of directors in 1995, and later was designated as chief financial officer. Deosthalee served as the first chairman and managing director of L&T Financial Services. 

Recalling his contributions, D Dubhashi, MD and CEO of L&T Finance Holdings,
Topics : L&T Finance

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First Published: Nov 18 2020 | 10:32 PM IST

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