| Retail business | Provides a wide range of retail credit products including vehicle loans, agricultural equipment finance, home loans, personal loans, and small enterprise financing. | Strong brand, deep rural reach, AI-driven credit models, extensive distribution network, and strong parentage by Larsen & Toubro Limited. | Primarily retail customers in rural and urban India including farmers, entrepreneurs, salaried individuals, and SME owners. | Personal loans, two-wheeler finance, and SME credit have higher margins due to unsecured or specialized product nature. | 8683 | 52 | Interest income from loans, fees from financial products, and service charges on retail financial offerings. | Mostly interest-based lending with competitive rates, fixed and floating interest models, and fee-based services. | Rising retail credit demand, digital onboarding, festive season growth, AI-based underwriting, and rural penetration. | Two Wheeler Finance, Farm Equipment Finance, Rural Group Loans, Personal Loans, Home Loans & LAP, SME Finance, Gold Finance |
| Wholesale business | Offers credit solutions to corporates including infrastructure financing, structured loans, supply chain finance, and capital market services. | Deep expertise in infrastructure sector, strong parentage, access to diverse funding sources, and strong risk management. | Corporate clients, infrastructure projects, and medium to large enterprises (B2B focus). | Structured corporate finance and supply chain finance segments. | 3948 | 24 | Interest income on loans, underwriting fees, and advisory charges. | Negotiated loan pricing, fee-based capital market transactions, and structured finance fees. | Infrastructure development, corporate credit demand, regulatory push for sustainable finance. | Infrastructure Finance, Structured Corporate Finance, Supply Chain Finance, Debt Capital Markets Services |
| Defocused business | Non-core and legacy business operations being rationalized. | | | | 124 | 1 | | | Strategic focus on core segments leading to defocusing of certain legacy businesses. | |
| Others | Asset management, mutual fund distribution, and wealth advisory services. | Strong brand, experienced investment team, and integration with financial services ecosystem. | Retail and institutional investors. | Asset management and advisory fees. | 647 | 23 | Management fees, commissions, and advisory fees. | Fee-based revenue, asset under management linked charges. | Growing mutual fund penetration, rising investor awareness, and wealth management demand. | Mutual Fund Products, Wealth Management Services |
