Former director of L&T, YM Deosthalee passes away at 74

On Wednesday, Yashwant Moreshwar Deosthalee, former director of Larsen and Toubro Group, passed away in Mumbai.

The 74-year-old survived by his wife Lina Deosthalee and two daughters Deepa and Meenal. He graduated from Sydenham College in Mumbai with a degree in Commerce, he became a CA (Chartered Accountant) and completed LB.

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In 1974, he started working as an Account Supervisor in L&T. He rose to the position of Chief Financial Officer (CFO) of the L&T Group. In 1990, he became the General Manager and in 1995, he was appointed a full-time director of L&T Group.

On September 6, 2011, Deosthalee retired from L&T as Chief Financial Officer. He took over as Chairman and Managing Director of L&T Finance Holdings. He raised money for L&T Finance Holding from the stock market. L&T Finance Holdings registered on the BSE and NSE. He retired from L&T Finance Holding in 2017.