What we do Arman Financial Services Ltd is a diversified Indian NBFC specializing in microfinance, MSME, two-wheeler, and loan against property lending primarily targeting underserved rural and semi-urban markets. |
Founded in 1,992 |
Market share Established with a presence across 11 states and 524 branches, Arman holds a significant share in retail finance segments like microfinance and MSME loans. |
Problem solved Provides accessible credit to informal sector and underserved customers with small ticket loans within their repayment capacity, enabling financial inclusion. |
Top clients or who we serve Serves primarily rural and semi-urban customers including women borrowers, MSMEs, and two-wheeler buyers; B2C focused with microfinance through subsidiary. |
Key management Jayendrabhai B. Patel (Vice Chairman & Managing Director), Aalok J. Patel (Joint Managing Director), Vivek A. Modi (Chief Financial Officer) |
Our journey and innovations Founded in 1992; demerged MFI operations into wholly owned subsidiary Namra Finance; conducted QIP raising ₹230 Cr in 2024; launched new credit products like LAP and solar loans. |
Where we operate Operates in 11 Indian states including Gujarat, Uttar Pradesh, Madhya Pradesh, Bihar, Rajasthan, Maharashtra, Telangana, among others. |
Top products or what we offer Offers microfinance (JLG model), MSME loans, two-wheeler finance, loan against property, and emerging solar loans through standalone and subsidiary entities. |
Top brands - |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is mostly recurring through interest income and loan repayments across diversified lending portfolios. |
Our industry position Rated A/A- by Acuite and CARE, Namra holds MFI-1 (highest) grading; strong capital adequacy and consistent profitability underscore competitive standing. |
Financial highlights FY 2024-25 consolidated revenue ₹730 Cr, net profit ₹52 Cr; standalone business shows steady growth with ₹185 Cr income and ₹43 Cr profit. |
Geographical revenue split Revenue primarily derives from operations across 11 Indian states, predominantly in rural and semi-urban regions. |
Order book - |
Whats driving growth Growth driven by expanding branch network to 524, product diversification, digital credit appraisal and collections, and strong capital raising activities. |
Our future plans Plans include increasing MSME portfolio share, geographic & product expansion like LAP and solar loans, and enhancing digital financial services. |
Our green promise Initiated solar loan pilot to promote sustainable energy finance, aligning with ESG commitments. |
Our people and values Employs over 1150 staff focused on ethical lending, financial inclusion, and customer-centric service in rural markets. |
Key challenges ahead Challenges include managing asset quality in unsecured lending, maintaining collection efficiency, and navigating regulatory requirements. |
Interesting facts Namra Finance became India's first company with an NBFC-MFI license and holds the highest MFI-1 CARE grading. |
Risks and strategy Risk mitigation through conservative underwriting, rigorous collections, maintained capital adequacy, and diversified product portfolio to balance sectoral exposures. |
