Laxmi India Finance Limited was incorporated as Laxmi India Finleasecap Private Limited' at New Delhi, dated May 10, 1996, issued by the Registrar of Companies, Delhi and Haryana. Subsequently, the name of the Company was changed to Laxmi India Finance Private Limited and a fresh Certificate of Incorporation dated March 10, 2023 was issued by the Registrar of Companies, at Jaipur. Thereafter, the status converted into a Public Company and the name of the Company was changed to Laxmi India Finance Limited' dated October 08, 2024.
Laxmi India Finance is a non-deposit taking non-banking financial company categorized as a NBFC-Middle Layer' primarily operating in Micro, Small and Medium Enterprises (MSME) financing vertical and vehicle financing vertical. It offer MSME loans, vehicle loans, construction loans and other lending products to the financial needs of the customers. MSME lending fuels economic growth and promotes financial inclusion by supporting small businesses and entrepreneurs, with over 80% of the MSME loans qualifying as Priority Sector Lending under RBI guidelines.
Building on a legacy that began in early 1990s with Deepak Finance & Leasing Company, a proprietorship concern founded by the Promoter's father (DFL), Promoter acquired the shares and control of the Company in 2010. Subsequently, in 2011, Company consolidated the business by acquiring and integrating the business and operations of DFL and launched a loan product in Micro Small and Medium Enterprises (MSMEs). It further launched loan product in construction in 2017; thereafter, opened a branch in Gujarat in year 2019; in Madhya Pradesh in 2020. Now, the Company has been categorized as NBFC-Middle Layer in 2024.
The AUM has increased from Rs 6867.67 million as of March 31, 2023 to Rs 12,770.18 million as of March 31, 2025. Company has increased the branch network to 158 branches as of March 31, 2025 from 135 branches as of March 31, 2024.
The Company launched the Initial Public Offer by raising funds Rs 254.25 Crore issuing an aggregate of 16,092,195 equity shares of face value of Rs 5 each, comprising a fresh issue of 10,453,575 equity shares aggregating to Rs 165.15 Crore and offer for sale of 5,638,620 equity shares aggregating Rs 89.09 Crore in July, 2025.
The Company has opened its first branch in Uttar Pradesh in FY 2025.