About LC Bidding
LC Bidding is a Financial Services company based in Mumbai (India) founded in 2018 by Rakesh Rathi, Ankur Bhupendra Shah, Peeyush Gupta, and Anand Kewaliya. Platform offering financial solutions. Its Indian entity Ing Vysya Bank Limited reported revenue of ₹2,262 Cr. LC Bidding offers products and services including LC Discounting Platform, Domestic LC Discounting, Export LC Discounting, and Supplier Credit. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Similar companies include Bizongo, Lendingkart and Yubi; 3 of its 3 listed similar companies have raised funding.
Company details
LC Bidding was established in 2018 in Mumbai, India, within the fintech sector. An online platform is maintained to compare interest rates on business loans from multiple banks. Risk assessments and KYC verifications are performed to support lender selections of borrowers. Financial solutions are thus extended to facilitate informed lending and borrowing decisions in the business finance domain.
- Headquarters Mumbai, India
- Founders Rakesh Rathi, Ankur Bhupendra Shah, Peeyush Gupta, Anand Kewaliya
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website lcbidding.com
- Social LinkedIn X Facebook Instagram
- Legal Name Parthiv Digital Fin Private Limited
- Date of Incorporation 29 Mar, 1930
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2,262 Cr
FY 2024 · 0% YoY
Associated legal entities of LC Bidding
LC Bidding operates through Ing Vysya Bank Limited, a listed company (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ing Vysya Bank Limited Listed CIN L85110KA1930PLC000124 | Amalgamated | 29 Mar 1930 | Bangalore, Karnataka | ₹2,262 Cr | 11 | View details |
Products & Services of LC Bidding
LC Bidding offers a comprehensive portfolio of products and services, including LC Discounting Platform, Domestic LC Discounting, Export LC Discounting, and Supplier Credit.
Online tool for discounting letters of credit quickly
Service for handling domestic letter of credit funds
Platform for export-related credit discounting needs
Service to manage supplier financing through LCs
Board of directors of Ing Vysya Bank Limited (LC Bidding)
Ing Vysya Bank Limited is the primary company behind LC Bidding. The board of Ing Vysya Bank Limited currently have 11 directors; the longest-serving is Maddali Venkata Satya Apparao, appointed in 2007. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Maddali Venkata Satya Apparao DIN 00484877 | Company Secretary | 27 Jul 2007 | 19 yrs 2 mo | Ing Vysya Bank Limited |
| Santosh Desai DIN 01237902 | Director | 29 Apr 2008 | 18 yrs 5 mo | Ing Vysya Bank Limited |
| Meleveetil Damodaran DIN 02106990 | Director | 21 Jul 2008 | 18 yrs 3 mo | Ing Vysya Bank Limited |
| Vaughn Nigel Richtor DIN 00698356 | Director | 01 Jun 2009 | 17 yrs 4 mo | Ing Vysya Bank Limited |
| Vikram Talwar DIN 00416236 | Director | 20 Dec 2010 | 15 yrs 10 mo | Ing Vysya Bank Limited |
| Mark Edwin Newman DIN 03518417 | Director | 20 Apr 2011 | 15 yrs 6 mo | Ing Vysya Bank Limited |
| Jayant Mehrotra DIN 07681406 | CFO | 29 Apr 2014 | 12 yrs 5 mo | Ing Vysya Bank Limited |
| Alka Marezban Bharucha DIN 00114067 | Additional Director | 25 Jun 2014 | 12 yrs 3 mo | Ing Vysya Bank Limited |
| Adrianus Johannes Antonius Kas DIN 06853983 | Additional Director | 25 Jun 2014 | 12 yrs 3 mo | Ing Vysya Bank Limited |
| Kewal Kundanlal Handa DIN 00056826 | Additional Director | 12 Aug 2014 | 12 yrs 2 mo | Ing Vysya Bank Limited |
| David Han Lee Yong DIN 07015440 | Additional Director | 10 Nov 2014 | 11 yrs 11 mo | Ing Vysya Bank Limited |
People of LC Bidding
4 people are tracked at LC Bidding (4 in leadership).
| Name | Role | Group |
|---|---|---|
Rakesh Rathi | Co-Founder | Leadership |
Ankur Bhupendra Shah | Co-Founder | Leadership |
Peeyush Gupta | Co-Founder | Leadership |
Anand Kewaliya | Co-Founder | Leadership |
Complete people profiles for LC Bidding
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of LC Bidding
Figures of Ing Vysya Bank Limited, the primary company behind LC Bidding, for FY 2024. Revenue was ₹2,262 Cr (0% year on year). Revenue has grown at a compounded annual rate of +7% over three years and +4% over five years.
- ₹2,262 CrRevenue · FY 2024 · 0% YoY
- ₹192 CrPaid-up capital
- +7%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ing Vysya Bank Limited are on its company page.
Detailed financial statements for LC Bidding
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Similar companies to LC Bidding
LC Bidding has 3 listed similar companies in our database, 3 of them funded. They include Bizongo, Lendingkart and Yubi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| lendingkart.com | 2014 | Ahmedabad, India | $260.24M | 790 | Provider of unsecured business loans and working capital financing to MSMEs | |
| go-yubi.com | 2020 | Chennai, India | $240.86M | 505 | Business loans are facilitated through an online debt marketplace. |
Detailed similar companies of LC Bidding
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of LC Bidding
The website of LC Bidding (lcbidding.com) receives about 1.8K visits a month.
- Monthly visits1.8K
▼ 38.1% vs previous month
Top companies in Alternative Lending
3 companies that operate in the same segment as LC Bidding (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Lc Bidding
Complete news archive for LC Bidding
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about LC Bidding
LC Bidding was founded in 2018.
LC Bidding is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind LC Bidding, Ing Vysya Bank Limited, reported revenue of ₹2,262 Cr for FY 2024, down 0% year on year.
LC Bidding was established in 2018 in Mumbai, India, within the fintech sector. An online platform is maintained to compare interest rates on business loans from multiple banks. Risk assessments and KYC verifications are performed to support lender selections of borrowers. Financial solutions are thus extended to facilitate informed lending and borrowing decisions in the business finance domain.
LC Bidding's top competitors include Yubi, Bizongo and Lendingkart.
LC Bidding offers LC Discounting Platform, Domestic LC Discounting, Export LC Discounting, and Supplier Credit.
LC Bidding operates through Ing Vysya Bank Limited.
The legal entities of LC Bidding currently have 11 directors, including Mark Edwin Newman, Vikram Talwar, Vaughn Nigel Richtor and others.