What we do Aryaman Financial Services Ltd is a SEBI-registered Category-I Merchant Banker specializing in SME IPOs, corporate finance, advisory, and fund-raising services across India. |
Founded in 1,994 |
Market share Pioneer in SME IPO management with strong presence in primary market issues and merchant banking services. |
Problem solved Enables SMEs to access equity capital for growth while providing investors early-stage opportunities in regulated markets. |
Top clients or who we serve SMEs seeking capital, investors in SME IPOs, corporate clients needing M&A, fundraising, and advisory services; primarily B2B. |
Key management Shripal Shah, Whole-time Director; Shreyas Shah, Whole-time Director; well-experienced leadership driving growth. |
Our journey and innovations First merchant banker to manage SME IPOs in India, expanded into diverse fund-raising and advisory services, incorporated subsidiaries for broader offerings. |
Where we operate Operations mainly across India, with clients from SME sectors and national financial markets. |
Top products or what we offer Lead Management for IPOs, FPOs, Rights Issues, QIPs, advisory on M&A, valuation, ESOP certifications, portfolio and broking services. |
Top brands Aryaman SME IPOs - pioneering SME platform management; Aryaman Capital Markets; Escorp Asset Management; Aryaman Finance (India). |
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Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from merchant banking fees, a mix of recurring advisory income and cyclical capital market activities. |
Our industry position Strong niche leader in SME IPOs with growing market footprint in merchant banking and advisory services. |
Financial highlights Consolidated revenue Rs. 118.1 Cr, net profit Rs. 31.56 Cr (FY 2024-25), showing over 60% profit growth year-on-year. |
Geographical revenue split Primarily domestic revenue from India-based financial markets and SME sectors. |
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Whats driving growth Expansion in SME financing, robust capital market activity, strategic acquisitions, and diversified financial services. |
Our future plans Growing subsidiaries, expanding SME segment leadership, enhancing advisory & portfolio services, and digital integration. |
Our green promise - |
Our people and values Balanced workforce with gender diversity, inclusive culture, and emphasis on leadership and employee development. |
Key challenges ahead Navigating capital market volatility, regulatory compliance, and competition in merchant banking segment. |
Interesting facts Managed 6 public and 2 rights issues aggregating Rs. 14 billion, pioneered SME IPO platform in India. |
Risks and strategy Mitigates market and regulatory risks via diversified services, strong governance, and internal financial controls. |
