L&T Finance Holdings Ltd. (LTFH) is a financial holding company offering a focused range of financial products and services across rural housing and wholesale finance sectors as well as mutual fund products and wealth management services through its wholly-owned subsidiaries viz. L&T Finance Ltd. L&T Housing Finance Ltd. L&T Infrastructure Finance Company Ltd. L&T Investment Management Ltd. and L&T Capital Markets Ltd. LTFH is registered with RBI as a CIC-ND-SI. LTFH is promoted by Larsen & Toubro Ltd. (L&T) one of the leading companies in India with interests in engineering construction electrical & electronics manufacturing & services IT and financial services.LTFH's wholesale finance business comprises infrastructure finance structured corporate finance and supply chain finance. The company also offers debt capital markets services as part of its wholesale finance business segment. The company's housing finance business comprises home loans and loans against property and real estate finance. The company's rural finance business comprises farm equipment finance two wheeler finance and micro loans. The company's investment management business had average assets under management of Rs 60313.55 crore as of December 31 2017 averaged over three months and the wealth management business had average assets under service of Rs 17330 crore as of December 31 2017 averaged over three months.L&T Finance Holdings Ltd was incorporated on May 1 2008 as a public limited company with the name L&T Capital Holdings Ltd. The company was promoted by Larsen & Toubro Ltd as a holding company for their financial services business. In May 15 2008 the company received the certificate of commencement of business. In March 31 2009 Larsen & Toubro Ltd's investment in L&T Finance Ltd L&T Infrastructure Finance Company Ltd and India Infrastructure Developers Ltd were transferred to the company and hence L&T Finance Ltd L&T Infrastructure Finance Company Ltd and India Infrastructure Developers Ltd became the wholly owned subsidiaries of the company. In January 20 2010 the company's wholly owned subsidiary L&T Finance Ltd acquired L&T Investment Management Ltd (formerly DBS Cholamandalam Asset Management Ltd) and L&T Mutual Fund Trustee Ltd (formerly DBS Cholamandalam Trustee Ltd) the trustee company for L&T Mutual Fund.In September 1 2010 the company changed their name from L&T Capital Holding Ltd to L&T Finance Holdings Ltd. In 2011 L&T Finance Holdings' total assets crossed Rs 20000 crore mark. During the year company entered the capital market with its maiden initial public offer. In 2012 L&T Finance Holdings' total assets crossed Rs 30000 crore mark. During the year the L&T Finance Holdings forayed into housing finance business with the acquisition of Indo Pacific Housing Finance Ltd (IPHF). During the year L&T Finance Holdings' mutual fund unit acquired Fidelity's mutual fund business in India. During the year the company started two-wheeler financing with its acquisition of Family Credit a non-banking finance company.In 2013 L&T Capital Markets was incorporated as a Platform for Wealth Management business. During the year L&T Finance Holdings launched a maiden issue of preference shares.In 2015 L&T Finance Holdings' total assets crossed Rs 50000 crore mark. During the year the company raised Rs 708 crore from preferential issue of Equity Shares and Warrants to Bain Capital. In 2016 L&T Finance Holdings re-oriented its strategy to focus on select products and deliver improvement on Return on Equity (RoE).In 2017 L&T Finance Holdings expanded its footprint by commencing Micro loans business in Assam. During the year its mutual funds business crossed the Rs 50000 crore Assets Under Management (AUM) mark.On 8 March 2018 L&T Finance Holdings Limited (LTFH) announced that it has completed the preferential allotment to Larsen & Toubro Limited (the Promoter) of 10.78 crore equity shares at issue price of Rs. 185.51 per share. Through this issue the Promoter has infused additional capital amounting to Rs 1999.99 crore demonstrating their belief and commitment to the LTFH growth story. The capital infused by the Promoter will help fund the growth of LTFH's focused lending businesses - rural finance housing finance and wholesale finance and further strengthen the capital adequacy of the company.On 13 March 2018 L&T Finance Holdings Limited (LTFH) announced the successful closure of its Qualified Institutional Placement (QIP) of upto Rs 1000 crore at the issue price of Rs 158.60 per share. The capital raised will be used for business growth. On 20 June 2018 L&T Finance Holdings (LTFH) through its subsidiary L&T Finance (LTF) announced the opening of its 1000th meeting center in Kolkata West Bengal for its micro loans business. Furthermore the company has launched an app which will enable seamless customer on-boarding by providing instant loan sanctioning. The micro loans business has an end-to-end digital platform embedded with a range of services such as loan sanctioning group formation e-signing receipting risk audits etc.