Overview
L&T Finance Ltd (LTF), a leading non‑banking financial company (NBFC) headquartered in Mumbai, has launched the second edition of “Pitch Point,” a competition designed to identify and support AI‑driven startups that can serve the Banking, Financial Services & Insurance (BFSI) sector as well as non‑BFSI domains.
Competition Details
The contest invites early‑stage to growth‑stage AI startups to submit solutions across a defined set of domains, including Cyber Security & Fraud Prevention, Rural & Agri Fintech, Generative AI applications, Embedded Finance Solutions, Smart Contract & Blockchain, Alternate Data‑Based Lending, AI‑Driven Credit Scoring & Risk Assessment, Regulatory Technology & Compliance Tools, Digital Financial & Robo‑Advisors, AI‑Powered Collections & Recovery, Agentic AI for Enterprise, Image Processing & Recognition, and AI‑Geospatial & Remote Sensing. Applicants must register online, upload a pitch deck, and undergo a virtual interaction round. Five finalists will be selected to present live at the RAISE’26 event.
Rewards and Funding Opportunities
Two winners will receive attractive rewards and will be invited to discuss a Proof of Concept (PoC) with LTF or any identified L&T Group company. In addition, the winners will engage with the L&T Innovation Fund – the venture‑capital arm of Larsen & Toubro – to explore potential equity funding.
Timeline
The application window remains open until 31 October 2026. The shortlist of five finalists will be announced on 1 December 2026, and the final competition will culminate on 16 December 2026 at the RAISE’26 event, held at the Jio World Convention Centre in Mumbai.
RAISE’26 Event Context
RAISE’26 is an AI‑focused summit under the theme “Transforming Financial Services with AI.” Launched in 2024, the event has grown to become the largest AI‑themed gathering in the BFSI domain, attracting over 4,500 participants, including regulatory leaders, unicorn founders, deep‑tech innovators, and media representatives.
L&T Finance Profile
L&T Finance Ltd is rated ‘AAA’ – the highest credit rating – by four leading domestic rating agencies. In August 2025, S&P Global Ratings upgraded its long‑term issuer credit rating to “BBB/Stable” from “BBB‑/Positive” and its short‑term rating to “A‑2” from “A‑3”. Fitch Ratings has affirmed its long‑term foreign and local‑currency issuer default ratings at “BBB‑” with a stable outlook. The company has also earned ESG leadership scores from global and national providers, is certified as a Great Place To Work®, and has received awards for its “Digital Sakhi” CSR initiative focused on women’s empowerment and digital‑financial inclusion. Under its “Lakshya 2031” plan, LTF aims to become a risk‑first, technology‑first, AI‑native retail financial services institution, leveraging a customer base of over 2.9 crore for cross‑selling and up‑selling opportunities.