About
Basic Data Updated:
8 days agoArman Financial Services Limited is a Non-Deposit taking NBFC that has been registered with the Reserve Bank of India, according to its credit rating report. The company's main focus is on two-wheeler financing and microfinance lending through the Joint Liability Group (JLG) model. Currently, AFSL operates in six states, namely Gujarat, Madhya Pradesh, Maharashtra, Uttar Pradesh, Uttarakhand, and Rajasthan, covering a total of 83 districts. This is made possible through a network of 223 branches. AFSL has established partnerships with various institutions such as Incofin Investment Management, State Bank of Patiala, Dena Bank, Union Bank of India, MAS Financial Services Limited, AU Financiers, Axis Bank, HDFC Bank, ICICI Bank, IDBI bank, and United Bank of India.
Industry
Company Details
- Location
Ahmedabad, Gujarat, India
- Website1222442
- Telephone1222442
- Email Address1222442
Products or Services related to Arman Financial Services Limited
Banking Service
Welfare Organization Services
Unsecured Personal Loans
Two Wheeler Loan
Financials of Arman Financial Services Limited
Enhance accessibility to Arman Financial Services's financial data by unlocking access to both Standalone and Consolidated balance sheets, Profit & Loss Statements, Ratios, Related Party Transactions, and additional relevant information.
Corporate Structure
Unlock access to Arman Financial Services's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
People in Arman Financial Services Limited
Unlock and access historical data on people associated with Arman Financial Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (4)
JP
Jayendrabhai Patel
Managing DirectorAppointment Date: 28-Aug-1995
Status: Current
AP
Aalok Patel Managing DirectorAppointment Date: 30-Jan-2007
Status: Current
VM
Vivek Modi CFOAppointment Date: 26-May-2018
Status: Current
JP
Jaimish Patel Company SecretaryAppointment Date: 01-Mar-2016
Status: Current
Board Members(6)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 30 Sep 2023 | ₹10.00 Cr | Open |
Others Creation Date: 26 Sep 2023 | ₹25.00 Cr | Open |
Others Creation Date: 18 Jul 2023 | ₹49.00 Cr | Open |
Deals i
Gain comprehensive insights into the Deals and Valuation data of Arman Financial Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Arman Financial Services's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alert
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Related Corporates (Common Directorship)
Namra Finance Limited
Active
12 years 1 month Jayendrabhai Patel, Ritaben Patel and 4 more are mutual person
Recent activity within the organization
Charges
A charge registered on 03 Oct 2022 via Charge ID 100676857 with Others was fully satisfied on 15 Apr 2024.
15 Apr 2024Charges
A charge with Others of Rs. 0.50 cr registered on 28 Dec 2020 with Charge ID 100402746 was modified on 20 Jan 2024.
20 Jan 2024Charges
A charge registered on 31 Dec 2019 via Charge ID 100318340 with Others was fully satisfied on 18 Jan 2024.
18 Jan 2024Charges
A charge registered on 04 Oct 2021 via Charge ID 100491958 with Others was fully satisfied on 05 Oct 2023.
05 Oct 2023Charges
A charge with Others amounted to Rs. 10.00 cr with Charge ID 100793281 was registered on 30 Sep 2023.
30 Sep 2023
Recent News, Updates & Announcement
Vivek Modi Named CFO KMP Aalok Patel Promoted to Executive Director in Board Changes.Board Vivek Modi is new CFO KMP starting 26052018 Aalok Patel now Executive Director promotions newboss excitingchanges.
Moneycontrol 25 May 2018
- Arman Financial Services Secures Rs 50 Crores from SAIF Partners to Boost Rural Financial Inclusion and Expand Loan Offerings.
When you need money for your twowheeler MSME or microfinance needs Arman Financial Services has got you covered They just raised Rs 50 crores from SAIF Partners to expand their loan book and reach more rural customers With a strong risk framework and conservative lending practices theyre focused on disrupting the rural financial inclusion space Plus SAIF has a great track record of helping small companies grow FinancialGoals RuralFinance SAIFpartners.
Economic Times 16 Apr 2018
Frequently asked questions
What is the Incorporation or founding date of Arman Financial Services Limited?
