India · Financial services startup

Light

Light is a financial services company based in Ahmedabad, Gujarat, India.

Funding reportedLast round: Series B

Financial servicesAhmedabad, India

About Light

Light is a financial services company based in Ahmedabad, Gujarat, India.

Established in 2009, it operates as a microfinance and lending institution focused on providing financial support to women borrowers in rural and peri-urban areas. The company emphasizes gender- and poverty-focused programs, aiming to empower low-income women through its services. Light offers a range of microfinance products, including unsecured loans and group-lending options. It has a significant presence across various Indian states, including Gujarat, Rajasthan, Haryana, and Madhya Pradesh, with a branch network that reportedly includes around 125 to 195 branches. The company has served over 4.5 lakh women borrowers, highlighting its commitment to supporting poor women in these communities. Additionally, Light provides customer acquisition and collection assistance services through partnerships, enhancing its outreach and service delivery.

What company datasets say Light raised

Funding, as reported

Reported in all39.6Min the source's currency
Last roundSeries B
Last round size24.6M
Last round dateSept 2022

Founders and team

From Light's own website: 16 on the team.

  • Ankur SinghalSenior Vice President, Finance
  • Ashutosh Kumar SinghSenior Vice President, Technology
  • Monika SharmaAssistant Vice President – Strategy
  • Mukesh PatelVice President - National Head Mfi Business
  • Sanjay SolankiDeputy Vice President - Head Credit
  • Rakesh KumarCEO & Executive Director
  • Aviral SainiCFO & Executive Director
  • Madhavi GajjarChief Compliance Officer
  • Nisarg ShahDeputy Chief Financial Officer
  • Pratik SoyantarChief Human Resources Officer
  • Satish DhupdaleChief Digital Officer
  • Daksha Niranjan ShahIndependent Director
  • Deepak AminPromoter & Managing Director
  • Hiten ParikhIndependent Director
  • Ono Ark India Pvt. Ltd.Name of the Partner
  • Paresh VoraIndependent Director

The company, in detail

What they build

Known for

microfinance outreachstrategic partnershipswomen-led microenterprisesmicrofinance ecosystemcommunity developmentmicrofinance for rural entrepreneursmicrofinance for underservedwomen entrepreneursmicrofinancefintech solutionsmicrofinance for women entrepreneursinformation technology & servicesfinancial servicesfinancefinancial inclusion indiainvestment management

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Sector
Financial services
Industry code
NAICS 52239, 522291, SIC 6141
Region
Gujarat
Revenue
58M a year, as listed
Full record
Every detail in the company directory

Financial services in India

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