L&T-SuFin Targets US$1 Billion Annualised GMV by FY26..
Varahi media.com online news, Mumbai, September 1, 2025: L&T-SuFin, the B2B e-commerce marketplace incubated by Larsen & Toubro, is on track to touch an annualised Gross Merchandise
Varahi media.com online news, Mumbai, September 1, 2025: L&T-SuFin, the B2B e-commerce marketplace incubated by Larsen & Toubro, is on track to touch an annualised Gross Merchandise Value (GMV) of US$1 billion in FY26.
As of July 2025, the platform reported a Year-To-Date GMV of US$215 million, marking a 2.35x growth compared to US$91 million in July 2024. Today, SuFin caters to over 60,000 businesses nationwide, offering 750,000+ SKUs across 50+ product categories.
Launched in March 2022, SuFin is L&T’s strategic step into building new-age, scalable businesses. The platform specializes in industrial and construction products, simplifying B2B trade with a Request for Quotation (RFQ) mechanism that ensures transparency, competitive pricing, and liquidity for buyers.
Accessible via desktop, mobile app, and WhatsApp, SuFin provides MSMEs with nationwide reach, safe transactions, and financing support through partner institutions. Its transaction-specific funding model enables buyers to secure cash discounts while ensuring sellers receive prompt payments.
“By leveraging L&T’s presence and credibility, SuFin is now gearing up for international expansion. With rapid growth and strong market acceptance, we are confident of crossing the US$1 billion GMV milestone in FY26,” said Bhadresh Pathak, Chief Executive – L&T-SuFin.
To enhance trust in B2B transactions, SuFin introduced its proprietary TRUST Seal, a digital credential that helps buyers and sellers evaluate creditworthiness, ethics, and operational reliability. The marketplace also offers logistics solutions across 21,000+ postal codes and recently launched its own line of private-label safety products, which have seen strong adoption.
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“SuFin plays a key role in achieving L&T’s Lakshya strategic roadmap, where we are scaling new-age businesses to strengthen our revenue mix. With its sustainable and asset-light model, SuFin has become a fast-growing pillar in L&T’s portfolio,” said D.K. Sen, Advisor to Chairman & MD, L&T.
Larsen & Toubro (L&T) is a USD 30 billion Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, with operations across multiple geographies. Known for its customer-first approach and relentless focus on quality, L&T has maintained industry leadership for over eight decades.
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