1,629.80
+1.86%
Close of 9 Nov 2026, in INR
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About Arman Financial Services
Its shares trade on NSE under the ticker ARMANFIN.NS. It has been listed since 21 August 1995. In the fiscal year to 31 March 2026, it reported revenue before interest expense of ₹6.09bn and net income of ₹566.1m. At that date it held total assets of ₹27.98bn and shareholders' equity of ₹9.33bn.
Arman Financial Services Ltd. is a holding company, which engages in the business of micro-finance. The company is headquartered in Ahmedabad, Gujarat. The firm is a non-banking finance company (NBFC). The firm operates through the Financing segment. The firm provides lending services primarily in the two-wheeler, micro-enterprise (MSME), and microfinance segments. The company provides finance for all models of motorcycles, mopeds, scooterettes and scooters of Hero, Honda, Bajaj, TVS, HMSI, Suzuki, Yamaha, & Royal Enfield. The company operates serves niche rural markets in Gujarat, Madhya Pradesh, Uttar Pradesh, Maharashtra, Uttarakhand, Rajasthan, Haryana, and Bihar through a distribution network of 336 branches, 55+ two-wheeler dealerships spread across 120 districts in eight states serving 6.2 lakh customers. The company also focuses on small ticket retail loans to the large underserved informal segment customer in rural and semi urban geographies. The Microfinance division is operated through its wholly owned subsidiary, Namra Finance Ltd.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Consumer Finance
- Listed since
- 21 Aug 1995
- Employees
- 694
- Website
- armanindia.com ↗
Leadership
Pay as last reported
- Mr. Alok PrasadNon-Executive Independent Chairman of the Board₹172,000
- Mr. Jayendra PatelChief Executive Officer, Vice Chairman of the Board, Managing Director, since 1992₹2.0m
- Mr. Vivek ModiChief Financial Officer
- Mr. Uttam PatelCompany Secretary and Compliance Officer
- Mr. Aalok PatelJoint Managing Director, Executive Director, since 2007₹996,000
- Mr. Aakash PatelNon-Executive Director
- Mrs. Ritaben PatelNon-Executive Director, since 2022₹75,000
- Mr. Pinakin ShahAdditional Non-Executive Independent Director
- Mr. Yash ShahNon-Executive Independent Director₹97,000
- Mrs. Geetaben SolankiNon-Executive Independent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Arman Financial Services Ltd. serves 6.2 lakh customers across 120 districts in eight states with 336 branches.
- The company provides financing for all models of motorcycles from Hero, Honda, Bajaj, TVS, and Suzuki.
- Namra Finance Ltd. operates the microfinance division as a wholly owned subsidiary.
Weaknesses
- The firm operates primarily in rural and semi-urban geographies with limited urban market presence.
- Microfinance services are concentrated in Gujarat, Madhya Pradesh, Uttar Pradesh, and Maharashtra.
- The company relies on two-wheeler dealerships for 55+ dealership partnerships.
Opportunities
- Expanding into new states like Uttarakhand and Rajasthan could increase market reach.
- Growing demand for MSME financing in rural areas presents expansion potential.
- Increasing focus on small ticket retail loans for underserved informal segments.
Threats
- Competition from established NBFCs in the microfinance sector may impact growth.
- Economic downturns could reduce demand for two-wheeler financing services.
- Regulatory changes in the Financial Services sector might affect operations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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