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YM Deosthalee, former chairman of L&T Finance, dies at 74
He is a qualified chartered accountant and holds a degree in law.
He joined L&T in 1974. In September 1990, Deosthalee was appointed general manager – finance & personnel.
In 1994, he was instrumental in setting up L&T Finance, a wholly-owned subsidiary. Under his guidance, the company went ahead with two successful GDR issues.
He was inducted into L&T’s board of directors in 1995, and six years later was designated, chief financial officer.
On September 6, 2011, Deosthalee retired as CFO of L&T and assumed the office of chairman and managing director of L&T Finance Holdings.
He has provided strategic direction and been the key architect in the growth journey of the business.
L&T Finance Holdings became a listed entity on the NSE & BSE under his leadership. He was a member of key regulatory