In the shield itself, there are four quarters. The first quarter is the Cinquefoil of the Beaumont family (the first Earls of Leicester). In the second quarter is the two tailed lion of Simon de Montfort, Earl of Leicester. The third quarter shows a feather, taken from the arms of John of Gaunt, the last Medieval Earl of Leicester before the lands were absorbed into the Crown estates. The fourth and final quarter shows a Black Maunch, which is the sleeve of a medieval dress. It is taken from the arms of an important Leicestershire family, the Hastings, who built both Kirby Castle, and Ashby Castle.

The supporters represents Leicester's economic history. The bull represents grazing, and the sheep represents the wool industry. The ducal crown around the neck of the bull represents Leicestershire's connection with the Duchy of Lancaster. 

The fox represents fox hunting in Leicestershire, a practice that has existed since the 17th century. The hazel leaf on the left of the motto commemorates the services of Lord Hazlerigg, Lord Lieutenant Leicestershire from 1925-1949, and the martlet was taken from the arms of Sir Robert Martin, who was Chairman of the County Council from 1924-1960.

They also commemorate the de Spencer (though the escallops and fret) and Beaumont (through the lion, who holds a symbol of the Hastings family, and stands on a symbol of the de Spencer's) families, who were both Lords of the Manor of Loughborough before the Hastings family.

The Beaumont family were the first Earls of Leicester, and Lord de Spencer was an important crusader.

The motto means "In Truth lies Victory" and was the motto of the Barons of Loughborough.

The badge shows a tiger, the symbol of the regiment, an honour awarded in 1825. It is superimposed with the word 'HINDOOSTAN' in recognition of its service and conduct during its campaigning in India from 1804-1823. Since that time the Regiment was always proudly called 'The Tigers'.