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 two-wheelers and electric three-wheelers. 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 is Company’s second fund raise. Earlier, it had raised 15 Cr from PE Fund, India SME Investments. Newly raised capital will be utilised to strengthen the Company’s balance sheet, expand lending operations, invest in technology and analytics, and deepen its presence in EV markets, 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.”
Company’s loan portfolio is diversified across five states – Maharashtra, Madhya Pradesh, Chhattisgarh, Uttar Pradesh, and Bihar. The Company’s growth strategy is further supported by established co-lending partnerships with Northern Arc, Ecofy, and SK Finance, enabling scalable and capital-efficient expansion.
The Company has made significant investments in robust in-house technology platforms, enabling efficient credit assessment, seamless operations, and responsible scaling while maintaining strong risk controls.