- Oritel (Co-founder/Leader)
- Marion (Co-founder)
- Erendor (formerly after betraying Oritel)
In Season 3, The Winx had to try to defeat an evil wizard called Valtor. Valtor was freed by the Trix inside the Omega Dimension. Because of his release, Faragonda tells Bloom about the history of the Company of Light: a group of heroes and warriors to protect the magic dimension. It was the same group Faragonda, Griffin and Saladin all fought side by side together. To Bloom's surprise, the group was formed by her very own birth parents.
It was also revealed that since Oritel and Marion disappeared along with the three Ancestral Witches, the Company of Light had disbanded for seventeen years. Faragonda, Griffin and Saladin were the only known members remaining.
In episode 14 ("Revenge!") and episode 23 ("The Water Stars") of season three, Faragonda, Griffin and Saladin come together to face off against Valtor. The three school heads first get together to save the Winx from Valtor at Cloud Tower (while under his control). In episode 23, Valtor declares a duel between him and the head masters, only to set an illusion spell against them. His spell eventually wore off on the teachers, just before they ended up destroying each other.
Another member of the company is revealed and is the catalyst for the movie: the sword smith Hagen. Before Hagen had reunited with Faragonda, he had believed the Company of Light was gone forever. Especially, with the events of Ortiel and Marion disappearing along with the ancient witches that attacked Domino. It's also possible that before or during the destruction of Domino they also fought Mandragora, the secondary antagonist of the movie. Members of the Company of Light seem to know her, just as she also appears to know Faragonda and Hagen. In the climatic events of the movie, King Oritel and Queen Marion are found in theObsidian Circle. Oritel was turned to stone, and Marion sent herself into Oritel's sword. Thanks to Sky, he was able to withdraw the sword from it's rocky pedestal, freeing Oritel and Marion. Bloom and Daphne's powers also helped destroy Obsidian, freeing the people of Domino. Thanks to Bloom and Sky, Domino was restored, and it's stated that a new Company of Light had been formed: the Winx Club.
It is mentioned by Sky that prior to the attack of the Ancestral Witches that his father, Erendor, then King of Eraklyon, was allied to the Company of Light, before betraying them when the Ancestresses threatened him of destroying his kingdom if he helped Oritel. The Ancestresses then gave him a magical object which would protect Eraklyon from evil to conclude their deal, and Erendor did not do anything to help defend Domino, later causing him a lot of grief.
In the final battle between the Winx and the witches, King Oritel and King Erendor aided the fairies and specialists. These two are the only members of the Company of Light that return to face off against the Trix and Ancient Witches.
- The Company of Light shares some similarities with the Order of the Phoenix of the Harry Potter Series in that it was founded to fight against dark forces (Voldemort in Harry Potter; Darkar, the Ancestresses and Valtor in Winx Club), was dissolved when the enemies were first defeated and became formed again when the dark forces came back after many years.
- The number of former members of the Company of Light is also the same with the number of new members of the Company of Light.