Lok Suvidha Finance Raises ₹19 Crore in Equity to Accelerate Growth in EV and Retail Lending
Lok Suvidha Finance Limited, a technology-driven NBFC promoted by brothers Nimish Laddhad and Kamlesh Laddhad, has successfully raised ₹19 crore in fresh equity from a group of family offices.
The Company provides lending solutions to underserved segments through vehicle financing for electric three-wheelers, two-wheelers and batteries. By providing access to formal credit for first-time borrowers & small entrepreneurs company supports inclusive and sustainable economic growth. The Company currently manages assets under management (AUM) of ₹550 crore
This marks the Company’s second equity fundraise. Earlier, it had raised ₹15 crore from PE fund India SME Investments. The newly raised capital will be utilised to strengthen the balance sheet, expand lending operations, invest in technology and analytics, and deepen its presence in the EV market, supporting the next phase of sustainable growth.
Commenting on the fundraise, Nimish Laddhad, CEO of the Company, said: “We are grateful for the trust shown by our incoming investors. This funding round reflects growing investor confidence in our business model, leadership team, and long-term vision in India’s evolving credit ecosystem. Our focus remains on building a sustainable lending franchise anchored in prudent risk management, strong governance, and responsible credit delivery.”
The Company operates across five states—Maharashtra, Madhya Pradesh, Chhattisgarh, Uttar Pradesh, and Bihar—and has expanded its footprint through established co-lending partnerships with InCred, Northern Arc, Ecofy, and SK Finance, enabling scalable and capital-efficient growth. On the liability side, the Company is backed by marquee lenders including SBI, Indian Bank, ICICI Bank, Suryoday Small Finance Bank, ESAF Small Finance Bank, AU Small Finance Bank, and Northern Arc. The Company is currently operating at a monthly disbursement run rate of approximately ₹40 crore, with total disbursements expected to reach ₹500 crore in FY26, implying a three-year CAGR of around 25%. By March 2026, the Company expects to reach an AUM of ₹600 crore, with nearly 50% contributed by EV financing.
Commenting on the development, an existing investor from India SME Investments said: “Lok Suvidha Finance has demonstrated consistent execution, a deep understanding of its customer segment, and a disciplined approach to growth. The Company’s focus on EV financing and its strong governance framework position it well for long-term value creation.”
The Company has developed a robust in-house technology platform comprising Loan Origination System (LOS), Loan Management System (LMS), and Loan Collection System (LCS), integrating sourcing, credit evaluation, collections, monitoring, and accounting into a single real-time system. The platform provides real-time MIS and KPI dashboards, portfolio monitoring, and TAT tracking, with minimal scope for human intervention. These automated systems with strong checks and balances have enabled faster sourcing, reduced fraud risk, and scalable growth while maintaining strong risk management and governance standards. Lok Suvidha Finance has also made significant investments in robust in-house technology platforms that enable efficient credit assessment, seamless operations, and responsible scaling while maintaining strong risk management and governance standards.