Overview

• L&T Finance finalized the transfer of Paul Merchants Finance Pvt Ltd’s gold loan operations on June 9, marking its entry into the gold loan segment.
• The acquisition encompasses 130 branches, roughly 700 employees and a gold loan book valued at Rs 1,350 crore.
• LTF plans to leverage its 1.6 crore rural customer network and 20,000-strong field workforce to accelerate gold loan distribution.
• The move aligns with CEO Sudipta Roy’s strategy to diversify the NBFC’s offerings by adding a secured, high-yield product.
• This integration supports LTF’s Lakshya2026 vision to build a digitally enabled retail finance platform.