L&T Finance Limited
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Self testing frameworks
opening
“Credit Defines requirements, sets priorities, and ensures business value is delivered Business Ensures project quality by identifying defects and validating functionalities.”
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Risks & concerns — 2 flagged
Testing Ensures compliance, manages risk, and handles legal documentation.
— Self testing frameworks
reducing risk & maintaining quality Higher loan eligibility to prime customers Mortgage Plus (high yield) and Home Décor Loans Foray into industrial LAP to penetrate MSME segment Customer centric product offering; optimized channel mix Pre-approved Home decor customer base of >550 cr.
— Focus on Prime customer segment
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Opening remarks
Self testing frameworks
(Testing, blackbox, policy, model) Customer acquisition at scale and low latency Cloud native Smart load balancing Microservices based architecture And this is how finance becomes invisible, intuitive and truly embedded *Mentioned list of brands is not an exhaustive list – it has been placed for an indication 30 Accelerate business L&T FINANCE Gold Loans Gold Loans product launch New business acquisition End-to-end set up and integration completed in 9 weeks Embedded Finance 2.0 Embedded Finance 2.0 A vast ecosystem of partners A vast ecosystem of partners increasing the funnel increasing the funnel s s e e h h c c n n u u a a L L t t c c u u d d o o r r P P Micro LAP Micro Enterprise (RBF) Loans (RBF) New product launched for LAP loans New Product launched for individual for our rural customer entrepreneurs in rural segment Supply Chain Finance Supply Chain Finance (SME) Catering to the working capital Catering to the working capital requirements of organizations requirements of organ
Upcoming Cyclops
Total Disbursement cases for Farm Cyclops: Near 50K LOBs Go Live Date PL Cyclops HL Cyclops RBF Cyclops Dec'25 Q1FY27 Q2FY27 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Building on its successfully demonstrated business value, L&T Finance is expanding Cyclops to other businesses 79 79 Agenda 01 Cyclops 02 Nostradamus 03 Agentic AI 04 Data Governance 80 80 Project Nostradamus: AI Based Portfolio Monitoring Inspiration Behind Nostradamus: Events in the customer life post loan disbursements, highly impact their financial behavior Customer Application registration is done Documents are submitted Onboarding Loan Disbursed LTF Cyclops Underwriting Process Prime Customer ₹ 20 Lakh LAP Credit Card ₹ 75 Lakh HL ₹ 25 Lakh SME Loan Car Loan ₹ 10 Lakh PL ₹ 1.2 Lakh TW Loan 0+ DPD 30+ DPD 60+ DPD 90+ DPD Defaulting Customer Pre Disbursement Post Disbursement 81 81 Nostradamus in Action Predicts Early Warning Signals & monitors customer behavior using economic indicators, i
Strengthened distribution
44 Cities; 19 new spoke locations Growing share in NBFC/HFC : NCR(~6%), Gujarat (~10%), Mumbai (~15%) Indexed Delinquency Vs Industry (100%) HL – 24% LAP – 9% Loan to Value* HL – 64% LAP – 59% Average Ticket Size (lacs)* HL - 67 LAP - 90 Pristine Customer Base Expansive Product Suite Reaching Target Audience Digital Experience Market share : Internal research & Available CRIF data as of Q2FY26; *Book, LTV & ATS as on Oct’25 12 MOB 90+ Ever performance in Jul’24 – Jun 25 for disbursements over Jul’23 – Jun’24 period (Transunion CIBIL)
Focus on Prime customer segment
reducing risk & maintaining quality Higher loan eligibility to prime customers Mortgage Plus (high yield) and Home Décor Loans Foray into industrial LAP to penetrate MSME segment Customer centric product offering; optimized channel mix Pre-approved Home decor customer base of >550 cr. Upgraded Neo2 digital platform : 100% paperless First in industry AI chatbot “KA ” Large Fintech partnerships (Cred, PhonePe) : increase low- cost sourcing 132 132 Moving up the curve with Digital journey Key digital Initiatives Upgraded Digital Journey ✓ 100% Digitally assisted journey ✓ End to End API led info capture ✓ Bureau, docs check, E-KYC, etc.. ✓ Multi-banking Account Aggregator ✓ Automated CAM ✓ E- Sanction letter ✓ Agreement E-sign Credit Assessment Memo automation
Self Employed
✓ Triangulation of Bureau, banking, ✓ Closed User Group Successful; Go Income Tax, etc. live in Q3 ✓ Co-Pilot: Improve further launch in Q4’26 underwriter to productivity Smart allocation for Centralised underwriting ✓ Rule based allocation for efficient TAT (Turn around time) management (Underwriter productivity, count of open cases, leave schedule, etc..) ✓ Built-in Manual support for greater flexibility Impact >83% 730+ bureau Customers % ▪ Salaried : <=4 days (65%) ▪ Self-employed : <=5 days (47%) ▪ Lowest TAT of 1 day for both profiles Sanction TAT post legal & technical ▪ Underwriter’s Productivity up by 22% CAM Automation Status updated as of Oct 25 API - Application Programming Interface; CAM - Credit Appraisal Memorandum 133 133 Overall Business: Driving & Creating business & cost efficiencies Book 26% Disbursement 7% 0 DPD CE% 0+ & 30+ DPD (Indexed) 100% 100% 83% 83% Sep 24 Oct 25 0+ DPD% 30+ DPD% 21,731 27,407 2,531 2,713 99.6% 99.7% Q2FY25 Q2FY26 Q2FY25 Q2FY26 Sep 24 Oct 25
Deal Execution
• Comprehensive Due Diligence (incl. gold audit) • Definitive documents executed • Integration completed Leverage existing physical presence (~2K MCs, ~250 branches) Acquisition live on 9 June, 2025 155 Key business metrics At Acquisition ₹ 1,289 Cr POS ~130 Branches ~1.0 Lac Customers ~696 Employees Disbursements (in ₹ Cr) POS trajectory (in ₹ Cr) 457 423 Post Acquisition 317 235 244 CAGR - 30% 1,361 1,385 1,495 1,442 1,318 1,289 Jun-25* Jul-25 Aug-25 Sep-25 Oct-25 9th June Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 *Full month 156 Principles of Integration & technology progress in first 100 days Focus on business continuity Security resilience Day 100 progress Existing LOS & LMS - smooth integration Additional Command Center (Mumbai) E-sign implementation Seamless customer onboarding IBJA automation and caratage automation Employee orientation Infosec strengthened the acquired system through relevant guardrails Automation of key regulatory reports 157 Technology themes going forward • KYC au
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