About Light Microfinance
Light Microfinance is a company based in Ahmedabad (India) founded in 2009 by Rakesh Kumar, Aviral Saini, and Deepak Amin. Light Microfinance has raised $34.6 million across 3 funding rounds from investors including Northern Arc Capital, Incofin Investment Management and British International Investment. The company has 3,637 employees as of April 06, 2024. Light Microfinance offers products and services including Unsecured Loans, Dairy Loans, and Business Loans. Light Microfinance operates in a competitive market with competitors including Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Suryoday and Fincare Small Finance Bank, among others.
- Headquarter Ahmedabad, India
- Employees 3637 as on 06 Apr, 2024
- Founders Rakesh Kumar, Aviral Saini, Deepak Amin
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Light Microfinance Private Limited
- Date of Incorporation 20 Sep, 1994
- Jurisdiction Delhi, India
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Annual Revenue
$20.14 M (USD)44.82as on Mar 31, 2022
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Net Profit
$656.4 K (USD)-57.37as on Mar 31, 2022
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EBITDA
$10.28 M (USD)31.29as on Mar 31, 2022
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Total Equity Funding
$34.6 M (USD)
in 3 rounds
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Latest Funding Round
$24.6 M (USD), Series B
Sep 22, 2022
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Investors
Northern Arc Capital
& 5 more
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Employee Count
3637
as on Apr 06, 2024
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Products & Services of Light Microfinance
Light Microfinance offers a comprehensive portfolio of products and services, including Unsecured Loans, Dairy Loans, and Business Loans.
Provides loans to individuals without collateral for business needs
Offers loans specifically for dairy farming and related activities
Delivers funding for small businesses to promote growth and stability
People of Light Microfinance
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Funding Insights of Light Microfinance
Light Microfinance has successfully raised a total of $34.6M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $24.6 million completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Light Microfinance
Light Microfinance has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Northern Arc Capital, Incofin Investment Management and British International Investment.
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Government agency focused on small and medium-sized businesses
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Investment management services and private equity funds are offered.
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Investment management firm and venture capital fund focused on multiple sectors
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Investor details for Light Microfinance
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Investments & Acquisitions by Light Microfinance
Investment portfolio details for Light Microfinance
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Financial Statements - Light Microfinance
Detailed financials for Light Microfinance
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Light Microfinance Comparisons
Peer comparison for Light Microfinance
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Competitors of Light Microfinance
Light Microfinance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Suryoday and Fincare Small Finance Bank, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Small finance services are extended to underserved segments in India.
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Microfinance bank
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Collateralised loans for commercial vehicles are extended to rural entrepreneurs.
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Small finance bank offering savings accounts, deposits, and loan products
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Micro-finance bank
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Small finance bank
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Detailed competitors of Light Microfinance
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Latest news on Light Microfinance
Complete news archive for Light Microfinance
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Frequently Asked Questions about Light Microfinance
Light Microfinance was founded in 2009 and raised its 1st funding round 10 years after it was founded.
Light Microfinance is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Rakesh Kumar is the current CEO of Light Microfinance. They have also founded this company.
Light Microfinance is a funded company, having raised a total of $34.6M across 3 funding rounds to date.
As of Apr 06, 2024, the latest employee count at Light Microfinance is 3,637.
Annual revenue of Light Microfinance is $20.14M as on Mar 31, 2022.
Light Microfinance was established in 2009 in Ahmedabad, India, within the microfinance sector. Micro-credit is provided to women from below-poverty-line households in rural areas to support income generation and economic progress. A joint liability group lending model is utilized, with loan amounts ranging from Rs. 5,000 to Rs. 30,000. Financial assistance was obtained from Ananya Finance for Inclusive Growth in March 2010.
Light Microfinance's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and ESAF.
Light Microfinance offers Unsecured Loans, Dairy Loans, and Business Loans.
Light Microfinance has 6 investors. Key investors include Northern Arc Capital, Incofin Investment Management, British International Investment, Nordic Microfinance Initiative, and Triple Jump.