We 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 a new model connecting credit institutions to rural Indian consumers, in the hitherto un-banked and under-penetrated segments. Today, we are a leading financial services institution specializing in providing financing to consumers in four states of India- Maharashtra, Madhya Pradesh, Chhattisgarh and Uttar Pradesh.
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
The numbers speaks for themselves…
₹ 1500 Cr+
Loan Disbursed
2,00,000+
Customers
75
Cities
5
States
Our Journey
We have come a long way since our inception.
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.
Expanding Our Reach: Offering E-Rickshaw Financing in Uttar Pradesh!
Commenced operations in the state of Uttar Pradesh by introducing E-rickshaw financing services in Agra, Mathura, and Allahabad.
Achieved 1 Lac Customer Milestone!
The year 2021 saw a major milestone in our history – financing TW loans to 1 lac happy customers, disbursing INR 475 Cr since inception of Lok Suvidha in 2008.
Record Disbursement of INR 100+ Cr in a FY
The year was tough taking global pandemic into consideration. Nevertheless, the sheer hard work and persistence of our wonderful team helped us reach this milestone. Also serviced TW loan to 10,000 new customers with ICICI Bank in the very first year of tie-up. Expanded our footprint in Raipur (Chhattisgarh), Akola & Amravati (Maharashtra); Bhopal, Balaghat & Dindori (Madhya Pradesh).
Partnered with India's largest private sector Bank, ICICI Bank Ltd
Tied up with India's largest private sector Bank, ICICI Bank Ltd. Also, to promote renewable energy we introduced a new product - Financing to Solar Power Solutions
Milestone of 2 Cr disbursement in a day
Started our business in 4 new locations: Jabalpur, Hoshangabad, Washim and Yavatmal.During Diwali Season, milestone crossed of INR 2 Cr disbursements 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
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).
Entry into Maharashtra
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).
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 a total of INR 17 Million (1.7 Cr).
Some Heading
We have come a long way since our inception.
