L&T Finance Holdings MD and CEO Dinanath Dhabhasi to retire on April 24, to be succeeded by Sudipta Roy

Finance


The company’s Board of Directors has approved the appointment of Sudipta Roy as Chief Operating Officer. Roy will become Managing Director and CEO effective January 24, 2024, subject to the required approvals.

L&T Finance Holdings announced on Saturday through an exchange filing that Managing Director and CEO Dinanath Dhabhasi will retire on April 30, 2024.

The company’s Board of Directors has approved the appointment of Sudipta Roy as Chief Operating Officer. Roy will become Managing Director and CEO effective January 24, 2024, subject to the required approvals.

“Between the aforementioned appointment date and his retirement, Mr. Dabhashi will continue to serve on the company’s board of directors, overseeing and assisting in a smooth transition of leadership,” said L&T Finance Holdings. The company added that Dubhashi will also serve as a special adviser to the chairman of the board during this period.

During his 30-year career, Mr. Dabhasi spent 16 years with L&T Finance. He took over as his MD and CEO on July 22, 2016. Dubbashi has also partnered with various industry associations. He has been co-chair of his FICCI Committee on NBFC since 2018 and serves on the Board of Directors of the NBFC’s representative body, the Financial Industry Development Council (FIDC).

Sudipta Roy has 24 years of financial services experience. He joined his LTFH from his ICICI Bank, where he served as Group Head, Unsecured Assets, Cards, Payment Solutions, Student Ecosystem, E-Commerce and Merchant He Ecosystem, Millennial He Banking, API Banking. I managed a variety of businesses such as:



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