Arman Financial Services Limited
ARMANFIN.BO
Bombay Stock Exchange1,722.15
INR
+13.10
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Arman Financial Services Limited
ARMANFIN.BO
(Bombay Stock Exchange)
Recent
price
1,722.15
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Arman Financial Services Limited is a Reserve Bank of India (RBI) registered Non-Banking Finance Company – Asset Finance Company (NBFC-AFC) specializing in affordable financing focused on rural and semi-rural areas in India. The company primarily offers two major financial services: two-wheeler and three-wheeler financing; and group-based microfinance loans through its wholly-owned subsidiary, Namra Finance Ltd, an RBI registered NBFC-Microfinance Institution. It provides small-ticket income-generating loans under the Joint Liability Group (JLG) model mainly to women engaged in livestock, dairy, agriculture-related businesses, and micro retail (kirana) stores, promoting livelihood enhancement. Arman operates across 11 states in India, serving over 6.5 lakh active customers through a network of nearly 400 MFI branches. It also offers inter-corporate deposits and personal financing products, targeting emerging middle-class and underserved rural segments with focus on inclusive and flexible credit solutions. Founded in 1992 and headquartered in Ahmedabad, Gujarat, Arman Financial Services has expanded its business from microfinance to vehicle and MSME loans, with a strategic goal of increasing its overall Assets Under Management (AUM) to INR 5,000 crore over the next few years by reducing its microfinance portfolio share from 82% to about 60%. In recent strategic developments, the company completed a Qualified Institutional Placement (QIP) in December 2023, raising INR 230 crore to support growth initiatives and maintain adequate funding. In 2024, Arman enhanced its technological capabilities with advances like Aadhaar-based biometric e-sign, AI-powered bot calling, live staff tracking, new HR software, and implementation of business intelligence analytics to streamline loan origination and credit monitoring. The company also initiated a pilot program for rural micro Loan Against Property (LAP) product, signaling product diversification. Its lending rates have been adjusted in response to competitive and regulatory pressures. Arman maintains a strong capital position, with net worth close to INR 813 crore and a capital adequacy ratio above 38%, ensuring financial stability for expansion while serving financially excluded populations. Overall, Arman Financial Services is positioned as a leading non-bank player in rural asset finance and microfinance sectors in India, focusing on bridging financial gaps through tailored vehicle finance and small-ticket income-generating loans with technological integrations and strategic funding to support sustainable growth across Western and other regions of India. Its focus remains on inclusive financing solutions to uplift the economic status of middle and lower-income groups in underserved markets. This description integrates main product offerings, geographic and customer focus, as well as major recent strategic changes including fundraising, technology adoption, product innovation, and loan portfolio adjustment through its subsidiary Namra Finance Ltd in the evolving financial services landscape of India.