Lok Suvidha began its journey in September 2008 with a clear mission: to make affordable and accessible finance available to consumers. At a time when large sections of rural and semi-urban India remained outside the formal credit ecosystem, we set out to bridge this gap.
Moving beyond traditional financing models, Lok Suvidha pioneered an inclusive, on-ground approach that connects formal credit institutions with first-time and underbanked consumers. Our deep understanding of local markets, customer behaviour, and income patterns has enabled us to design financing solutions that are practical, flexible, and aligned with the needs of emerging India.
Over the years, Lok Suvidha has evolved into a leading financial services institution with a strong presence across five states—Maharashtra, Madhya Pradesh, Chhattisgarh, Uttar Pradesh, and Bihar. We offer a diversified range of products, including Two-Wheeler Loans, E-Rickshaw Loans, EV Battery Loans, and Loyalty Personal Loans, supporting both personal mobility and income-generating livelihoods.
Driven by a commitment to responsible lending and long-term customer relationships, Lok Suvidha continues to empower individuals and small entrepreneurs by enabling access to formal credit, fostering financial inclusion, and contributing to sustainable economic growth.
Our Vision
- To be India’s leading technology based financial services provider.
- To be the trendsetter 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.
What Makes Us Different
Our achievements so far..
₹ 2000 Cr+
Loan Disbursed
2,50,000+
Customers
71
Cities
5
States
Our Journey
We have come a long way since our inception.
Raised ₹19 Cr to Accelerate Growth. AUM Crosses ₹500 Cr!
E-Rickshaw AUM doubles to ₹250 Cr
Embarking on a Digital Transformation: Introducing Our Personal Loan App!
Our journey has always been rooted in innovation and customer-centric solutions. With a vision to simplify financial access, we're proud to announce the launch of our Digital Personal Loan app on Google Play Store during FY 23-24.
Expanded footprint with E-Rickshaw Financing in MP, CG & UP
In FY 22-23, we commenced operations in the state of Uttar Pradesh by introducing E-rickshaw financing in Agra, Mathura, and Allahabad.
Got our first PE Investment of ₹15 Cr. Achieved 1 Lac Customer Milestone!
Milestone achievement of disbursing ₹100+ Cr in a FY. Diversified product offering with EV Financing
The year 2020-21 was tough, taking the global pandemic into consideration. Nevertheless, the sheer hard work and persistence of our wonderful team helped us reach this milestone. Also serviced the TW loan to 10,000 new customers with ICICI Bank in the very first year of the tie-up. Expanded our footprint in Raipur (Chhattisgarh), Akola & Amravati (Maharashtra); Bhopal, Balaghat & Dindori (Madhya Pradesh).
We started a new product, Electric Three Wheeler Finance, with Nagpur as the first branch.
Partnered with India's largest private sector Bank, ICICI Bank Ltd
In FY 2019-20, we tied up with India's largest private sector Bank, ICICI Bank Ltd, for financing two-wheelers. Also, to promote renewable energy, we introduced a new product - Financing to Solar Power Solutions
Milestone of ₹2 Cr disbursement in a day
In the year 2018-19, we commenced our business in 4 new locations: Jabalpur, Hoshangabad, Washim, and Yavatmal. During Diwali Season, we achieved a milestone of disbursing ₹2 Cr per day - for 3 consecutive days!
2 Billion Disbursed to 50,000 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.
Joined L&T Finance
In 2016, we tied up with L&T Finance, for sourcing customers. We also went on adding new locations - Jalna, Parbhani to our map.
Expanded Footprint in Maharashtra
In 2015, we expanded our presence deeper into Maharashtra by starting operations at Dhule, Jalgaon, Bhusawal, Nandurbar, and Shahada. Crossed a milestone of 25,000 customers disbursing a total of INR 850 Million (85 Cr).
Entry into Maharashtra
In 2012, we started our operations at Nashik, Aurangabad in Maharashtra. Reached a milestone of 10,000 customers.
Expanded Footprint in MP
We expanded our footprints 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).
Lok Suvidha was Born!
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 a total of INR 17 Million (1.7 Cr).
Some Heading
We have come a long way since our inception.
