L&T Finance aims for 30-40 pc growth in FY'11

MUMBAI: Larsen and Toubro wholly-owned subsidiary L&T Finance aims to grow around 30-40 per cent in the current fiscal, a top company official said today.

"Last year (FY'10), we had grown 60 per cent and this year (FY'11), we aim to grow around 30-40 per cent," Larsen and Toubro Senior Vice-President (Financial Services) N Sivaraman told reporters here today.

When asked if the company had plans to focus on the passenger vehicles segment, Sivaraman said, "The passenger vehicles segment is growing fast in the country, but we have not decided to enter this segment."

L&T Finance offers a spectrum of financial products and services for trade, industry and agriculture.

The company's focus segments are corporate products, construction equipment, CVs and tractors.