# Light: Financial services, Ahmedabad, India

> Light: Light is a financial services company based in Ahmedabad, Gujarat, India. Based in Ahmedabad, India. Founded 2009.

Source: https://millionrounds.com/startup/light-7 (Millionrounds; every figure on the page links to its filing or article)

India · [Financial services startup](https://millionrounds.com/companies)

# Light

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

Funding reported Last round: Series B

Financial services Ahmedabad, India

Company summary

- **Founded:** 2009 17 years old
- **Team:** 3,700 1,000+ people
- **Funding reported:** 39.6M as listed, currency not stated
- **Last round:** Series B Sept 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Light has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 all **39.6M** in the source's currency

Last round **Series B**

Last round size **24.6M**

Last round date **Sept 2022**

## Founders and team

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

- **Ankur Singhal** Senior Vice President, Finance
- **Ashutosh Kumar Singh** Senior Vice President, Technology
- **Monika Sharma** Assistant Vice President – Strategy
- **Mukesh Patel** Vice President - National Head Mfi Business
- **Sanjay Solanki** Deputy Vice President - Head Credit
- **Rakesh Kumar** CEO & Executive Director
- **Aviral Saini** CFO & Executive Director
- **Madhavi Gajjar** Chief Compliance Officer
- **Nisarg Shah** Deputy Chief Financial Officer
- **Pratik Soyantar** Chief Human Resources Officer
- **Satish Dhupdale** Chief Digital Officer
- **Daksha Niranjan Shah** Independent Director
- **Deepak Amin** Promoter & Managing Director
- **Hiten Parikh** Independent Director
- **Ono Ark India Pvt. Ltd.** Name of the Partner
- **Paresh Vora** Independent Director

## The company, in detail

What they build

Known for

microfinance outreach strategic partnerships women-led microenterprises microfinance ecosystem community development microfinance for rural entrepreneurs microfinance for underserved women entrepreneurs microfinance fintech solutions microfinance for women entrepreneurs information technology & services financial services finance financial inclusion india investment management

Built with from their website

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+8 more

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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](https://millionrounds.com/directory/light-44c1eda37b)

## Financial services in India

Startups like it

- [**KreditBee** Bengaluru · founded 2018 *Raised*](https://millionrounds.com/company/kreditbee)
- [**CoinDCX** Mumbai · founded 2018 *Raised*](https://millionrounds.com/company/coindcx)
- [**Navi** Bengaluru · founded 2018 *Raised*](https://millionrounds.com/company/navi)
- [**Scapia** Bengaluru · founded 2022 *Raised*](https://millionrounds.com/company/scapia)
- [**Khatabook** Bengaluru · founded 2018 *Raised*](https://millionrounds.com/company/khatabook)
- [**KredX** Bengaluru · founded 2015 *Raised*](https://millionrounds.com/company/kredx)
- [**Turtlemint** Mumbai · founded 2015 *Raised*](https://millionrounds.com/company/turtlemint)
- [**Upstox** Mumbai · founded 2009 *Raised*](https://millionrounds.com/company/upstox)

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