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Company Overview

LokSuvidha was started in September 2008 with the aim of providing financial assistance to consumers purchasing two wheeler automobiles. Unlike traditional models of financing, Lok Suvidha has successfully created new model connecting credit institutions to rural Indian consumers, in the hitherto un-banked and under-penetrated segments. Today, it is a leading financial services institution, specializing in providing financing to consumers. We are present at 14 locations in three states of India- Maharashtra, Madhya Pradesh, and Chhattisgarh.

Company Name was changed to Lok Suvidha Ltd in 2011, and then to Lok Suvidha Finance Ltd in 2015.

Vision

To be India’s leading technology based financial services provider

To be the trend setter for use of data analytics and technology in the financial services arena

To be admired for its customer service, business ethics.

To play key role in the growth of the Indian rural sector by financing the aspirations of rural Indians

Our History

08-09
Starting up

Lok Suvidha was started in September 2008 with the sole focus of providing financial assistance to consumers purchasing new two wheelers automobiles. With head office in Nagpur, we started our ground operations in Seoni and Chhindwara districts of Madhya Pradesh. By end of the financial year in March 2009, we had added 550 customers to Lok Suvidha family disbursing total of INR 17 Million (1.7 Cr).

10-11
Expanded Footprint in MP

We expanded our foot prints into MP by starting operations at Indore, Ujjain, Dewas, Betul, and Mandla. By end of financial year in March 2011, we had grown to 6,000 customers and total disbursements stood at INR 170 Million (17 Cr).

12-13
Entry into Maharashtra

We started our operations at Nashik, Aurangabad in Maharashtra. Reached a milestone of 10,000 customers.

14-15
Expanded Footprint in Maharashtra

We expanded our presence deeper into Maharashtra by starting operations at Dhule, Jalgaon, Bhusawal, Nandurbar, Shahada. Crossed a milestone of 25,000 customers disbursing total of INR 850 Million (85 Cr)

16-17
Joined L&T Finance

In 2016, we tied up with L&T Finance, for sourcing of customers. We also, went on adding new locations - Jalna, Parbhani to our map.

17-18
2 Billion Disbursed to 50000 customers

Year 2017 was an important milestone in our history. We shifted our home to new premises at Hingana Road. We opened our branches at Wardha, Nanded and Latur this year.