Incorporated in 1996, Laxmi India Finance Limited is a Non-Banking Financial Company (NBFC) focused on providing a range of lending solutions, primarily targeting MSMEs, vehicle financing, and construction loans. The company supports small businesses and entrepreneurs, with over 80% of its MSME loans classified as Priority Sector Lending.

Key Offerings

MSME Finance: Secured loans against residential or commercial property, with loan amounts ranging from ₹0.05 million to ₹2.5 million, an LTV ratio of 65%, and tenures of up to 84 months.

Vehicle Finance: Secured loans for personal and commercial vehicles, including commercial vehicles (up to ₹1.5 million), two-wheelers (up to ₹0.15 million), and tractors (up to ₹0.7 million).

Construction Loans: Secured loans for construction or renovation of residential or commercial property, with amounts up to ₹2.5 million, interest rates between 18%–28%, and tenures of up to 84 months.

Key Facts (as of March 31, 2025)

Assets Under Management (AUM): ₹12,770.18 million, with MSME loans accounting for 76.34% and vehicle loans 16.12%.

Customer Base: 35,568 customers, including 18,596 active MSME borrowers and 12,423 active vehicle loan customers, reflecting 48.78% growth from 23,906 customers as of March 31, 2024. First-time borrowers constitute 37.10% of the customer base.

Branch Network: 158 branches (up from 135 in 2024) across Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh, with the largest presence in Rajasthan.

Funding Sources: Accessed funds from 47 lenders, including 8 public sector banks, 10 private banks, 7 small finance banks, and 22 NBFCs.

Competitive Strengths

Strong focus on MSME financing with specialized lending solutions

Diversified access to capital with effective cost of funds management

Comprehensive credit assessment, underwriting, and risk management framework

Deep regional penetration in semi-urban and rural areas, leveraging both direct and indirect sourcing channels

Efficient Hub-and-Branch model that streamlines operations, reduces costs, and enhances customer accessibility

Experienced management team with strong corporate governance practices