Laxmi India Finance Limited, established in 1996, is a well-known non-banking financial company that provides loans to small businesses and individuals. It offers various types of loans, including MSME loans, vehicle loans, and construction loans. As of June 30, 2024, the company serves 26,065 customers, with 15,732 active MSME loan accounts and 6,146 active vehicle loan accounts. To support its lending activities, Laxmi India receives funding from 43 different lenders, such as banks and financial institutions, through term loans, non-convertible debentures (NCDs), and working capital loans. By September 30, 2024, the company employed 255 staff members who use a mobile app to monitor loan repayments, defaults, and overdue amounts in real time. It operates through 139 branches located in Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh.
