Arman Financial Services Limited

BSE: 531179 NSE: ARMANFIN
Arman Financial Services Limited - financial services in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L55910GJ1992PLC018623 Incorporated 26 November 1992 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - NSE: ARMANFIN · BSE: 531179 Public Limited Company financial services
Data last updated
Market Cap
₹1,694 Cr
ARMANFIN · NSE
Share Price
₹1,600.10
-0.40% today
Revenue
₹646 Cr
FY 2025-26 · -11.5% YoY
EBITDA
₹285 Cr
Margin 44.1%
Net Profit
₹56.61 Cr
FY 2025-26 · +8.7% YoY
P/E (TTM)
10.5x
P/B 1.6x
ROE
6.3%
ROCE 11.8%
Debt / Equity
1.66
Interest cover 72.7x

About Arman Financial Services Limited

Data last updated:

Arman Financial Services Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the asset financing companies segment of the financial services sector. It was incorporated on 26 November 1992 and has been in existence for over 34 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L55910GJ1992PLC018623. Its GSTIN is 24AABCA3165E1Z7 (Gujarat). The company holds 7 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 531179 and NSE: ARMANFIN.

The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.51 Cr. It was formerly known as Arman Lease and Finance Limited and Arman Lease and Finance Private Limited. It is led by directors including Aalok Jayendra Patel (Managing Director) and Jayendrabhai Bhailalbhai Patel (Whole-Time Director).

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 502 – 503 Sakar – Iiiopp High Court Off Ashram Road, Ahmedabad, Gujarat, India – 380014.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹645.87 Cr, a decline of 11.5% compared to the previous year. For the same year it recorded a net profit of ₹56.61 Cr (net margin 8.8%) and EBITDA of ₹285.01 Cr (EBITDA margin 44.1%). The net worth stands at ₹933.33 Cr (up 6.7% YoY). Total assets are valued at ₹2,709.05 Cr (up 28.6% YoY).

The company has about 1,269 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 2 brands: Arman Financial Services and Namra Finance. As per MCA filings, the company has open charges of ₹760 Cr and satisfied charges of ₹904.23 Cr on record. Court records list 7,846 cases involving the company, including 7,814 filed by the company and 32 filed against it; 5,552 cases are pending. The company has 47 deals on record (39 market trades, 4 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹180.65 Cr; the latest was in September 2025.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website armanindia.com.

Company details

CIN L55910GJ1992PLC018623
Registration Number 018623
Incorporation Date 26 November 1992
ROC Ahmedabad
Listing Status Listed - Listed on NSE (ARMANFIN); Listed on BSE (531179)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Arman Financial Services has undergone 2 name changes throughout its history. The company was previously known as Arman Lease And Finance Limited, and Arman Lease And Finance Private Limited. The current legal name is Arman Financial Services Limited.

Company NameStatus
Arman Financial Services LimitedCurrent
Arman Lease And Finance LimitedPrevious
Arman Lease And Finance Private LimitedPrevious
Key People
Aalok Jayendra Patel Managing Director Jayendrabhai Bhailalbhai Patel Whole-Time Director Yash Kaushik Shah Director

Contact details

Arman Financial Services Limited's registered office is in Ahmedabad, Gujarat. Its website is armanindia.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    armanindia.com
  • Registered Address
    502 – 503 Sakar – Iiiopp High Court Off Ashram Road, Ahmedabad, Gujarat, India – 380014
  • Industry
    Financial Services, Asset Financing Companies, NBFC, Investment & Credit NBFC

To see the full contact details of Arman Financial Services Limited, buy the company report.

Comprehensive company report
Arman Financial Services Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Arman Financial Services operates two associated brands: Arman Financial Services and Namra Finance. Each brand links to its own profile.

BrandDescriptionWebsite
Arman Financial Services
Auto loans are provided through financial services in India.armanindia.com
Namra Finance
Microcredit is extended to low-income individuals and SMEs.namrafinance.com

Business activity

The main business activity of Arman Financial Services is financial and insurance service. In detail, this covers financial and credit leasing activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK5Financial and Credit leasing activities

To see the full business activity and turnover split of Arman Financial Services Limited, buy the company report.

Financials of Arman Financial Services Limited

FY 2025-26 filings available

Arman Financial Services Limited reported revenue of ₹645.87 Cr (down 11.5% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹646 Cr
-11.5% YoY
EBITDA
₹285 Cr
-8.3% YoY
Profit After Tax
₹56.61 Cr
+8.7% YoY
Net Worth
₹933 Cr
+6.7% YoY
Total Assets
₹2,709 Cr
+28.6% YoY
Total Debt
₹1,776 Cr
+44.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue646730661424235195214
Revenue growth-11.5%+10.4%+56.0%+80.4%+20.5%-8.9%-
EBITDA28531149529813691.81142
EBITDA margin+44.1%+42.6%+74.9%+70.4%+57.8%+47.1%+66.3%
Profit before tax77.3669.0922812545.5411.7553.77
Net profit56.6152.0717493.8231.7510.6041.51
Net profit margin+8.8%+7.1%+26.2%+22.1%+13.5%+5.4%+19.4%
EPS (₹)53.8449.64165.67110.4737.3612.5149.13
Balance sheet
Total assets2,7092,1072,5381,9701,202908870
Net worth933874813366213187172
Total debt1,7761,2321,7251,604990721698
Cash & bank39940352543014216896.84
Net working capital34732747139211714578.61
Cash flow
Cash from operations(476)493(302)(718)(281)5.91(75.75)
Cash from investing(49.68)(48.80)18.38(12.62)(1.97)1.521.90
Cash from financing546(495)37668127022.2093.82
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue235202176160159151199165
Revenue growth (YoY)+47.4%+33.6%-11.9%-2.9%-12.3%-18.1%--
Other income0.000.040.000.000.000.000.000.00
EBITDA14312295.2379.7368.0141.4964.8850.55
EBITDA margin+60.9%+60.4%+54.2%+49.8%+42.7%+27.5%+32.5%+30.7%
Depreciation0.660.470.370.430.450.440.480.46
Interest73.1764.2852.7850.8049.6152.2251.7556.98
Profit before tax69.1557.1742.0828.5017.95(11.17)12.65(6.89)
Tax17.6811.991.076.329.943.41(0.11)0.37
Net profit51.4745.1841.0122.188.01(14.58)12.76(7.26)
EPS (₹)48.8542.6938.8220.997.55(13.79)12.07(6.88)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue21618213494.3963.2660.6067.11
Revenue growth+18.6%+36.2%+41.5%+49.2%+4.4%-9.7%-
EBITDA11198.9589.5966.8136.5526.9542.26
EBITDA margin+51.2%+54.4%+67.1%+70.8%+57.8%+44.5%+63.0%
Profit before tax54.0758.0148.3437.5921.309.4022.83
Net profit40.6143.1837.9228.3616.248.0018.24
Net profit margin+18.8%+23.7%+28.4%+30.1%+25.7%+13.2%+27.2%
EPS (₹)38.6341.1536.1733.4019.129.4221.58
Balance sheet
Total assets1,355997826551319281291
Net worth632586535229141128121
Total debt723411291322178153171
Cash & bank14673.7913965.3938.5866.855.95
Net working capital13560.6913253.4732.1359.703.95
Cash flow
Cash from operations(174)(96.48)(86.30)(136)(15.74)66.45(8.14)
Cash from investing(71.07)(92.19)(77.30)(99.63)(27.34)0.22(10.05)
Cash from financing31512423220625.04(17.82)13.79
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue67.9065.8760.1653.6351.7450.2550.5645.02
Revenue growth (YoY)+31.2%+31.1%+19.0%+19.1%+17.3%+19.1%--
Other income0.020.090.200.340.360.534.24(0.11)
Total expenses25.3227.2629.2327.2826.1023.1225.6420.83
EBITDA42.5838.6130.9326.3525.6427.1324.9224.19
EBITDA margin+62.7%+58.6%+51.4%+49.1%+49.6%+54.0%+49.3%+53.7%
Depreciation0.160.130.100.100.110.090.100.09
Interest19.0819.7917.2313.9913.8211.9911.8310.52
Profit before tax23.3618.7813.8012.6012.0715.5817.2313.47
Tax5.994.183.963.213.163.134.433.60

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 08 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue235202176160159151199165
Revenue growth (YoY)+47.4%+33.6%-11.9%-2.9%-12.3%-18.1%--
Other income0.000.040.000.000.000.000.000.00
EBITDA14312295.2379.7368.0141.4964.8850.55
EBITDA margin+60.9%+60.4%+54.2%+49.8%+42.7%+27.5%+32.5%+30.7%
Depreciation0.660.470.370.430.450.440.480.46
Interest73.1764.2852.7850.8049.6152.2251.7556.98
Profit before tax69.1557.1742.0828.5017.95(11.17)12.65(6.89)
Tax17.6811.991.076.329.943.41(0.11)0.37
Net profit51.4745.1841.0122.188.01(14.58)12.76(7.26)
EPS (₹)48.8542.6938.8220.997.55(13.79)12.07(6.88)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue646730661424235195214
Revenue growth-11.5%+10.4%+56.0%+80.4%+20.5%-8.9%-
Other income0.000.000.070.000.000.021.12
Total expenses36141916612699.0710372.20
Employee cost15011271.5954.6541.8535.5736.46
EBITDA28531149529813691.81142
EBITDA margin+44.1%+42.6%+74.9%+70.4%+57.8%+47.1%+66.3%
Depreciation1.691.791.421.150.950.810.80
Interest20624026617289.4579.2788.38
Profit before tax77.3669.0922812545.5411.7553.77
Tax20.7517.0254.5231.1413.791.1512.26
Net profit56.6152.0717493.8231.7510.6041.51
Net profit margin+8.8%+7.1%+26.2%+22.1%+13.5%+5.4%+19.4%
EPS (₹)53.8449.64165.67110.4737.3612.5149.13
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital10.5110.4910.4810.868.498.498.45
Reserves & surplus923864802293204178164
Shareholders' funds (net worth)933874813366213187172
Minority interest0.000.000.000.000.000.000.00
Secured loans1,7781,2331,7181,554972711689
Unsecured loans(2.22)(0.29)7.2650.0618.0710.288.77
Total debt1,7761,2321,7251,604990721698
Total liabilities2,7092,1072,5381,9701,202908870
Assets
Gross block40.2538.0012.8311.729.347.597.15
Net block31.6231.057.666.104.884.074.44
Capital work in progress2.560.200.000.000.030.000.00
Investments92.4638.977.1219.485.923.183.26
Inventories0.000.000.000.000.000.000.00
Sundry debtors0.000.000.000.000.000.000.00
Cash & bank balances39940352543014216896.84
Loans & advances37.1444.0643.4930.0914.138.747.94
Total current assets436447568460156177105
Total current liabilities88.7612197.4468.0639.0232.1726.17
Net working capital34732747139211714578.61
Total assets2,7092,1072,5381,9701,202908870
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash67.7511926.2275.5387.9258.2938.32
Net cash from operating activities(476)493(302)(718)(281)5.91(75.75)
Net cash from investing activities(49.68)(48.80)18.38(12.62)(1.97)1.521.90
Net cash from financing activities546(495)37668127022.2093.82
Net change in cash20.03(50.84)92.37(49.31)(12.39)29.6319.97
Closing cash39940352543014216896.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-11.5%+10.4%+56.0%+80.4%+20.5%-8.9%-
EBITDA growth-8.3%-37.3%+66.0%+119.5%+48.1%-35.3%-
PBT growth+12.0%-69.7%+82.5%+174.4%+287.6%-78.2%+48.4%
Net income growth+8.7%-70.0%+85.0%+195.5%+199.5%-74.5%-
Revenue CAGR (3Y)+15.1%+45.9%+50.3%+25.6%+19.0%+35.7%+58.7%
EBITDA CAGR (3Y)-1.5%+31.7%+75.4%+28.1%+12.5%+27.4%+61.5%
Profitability & leverage
Net income margin+8.8%+7.1%+26.2%+22.1%+13.5%+5.4%+19.4%
Return on capital employed+11.8%+13.3%+21.9%+18.7%+12.8%+10.2%+17.7%
Return on net worth+6.3%+6.2%+29.5%+32.6%+15.9%+5.9%+28.1%
Debt / equity1.661.752.834.494.283.954.43
Long-term debt / equity1.541.592.484.154.103.724.22
Interest cover72.7077.6453.8357.9666.2687.1162.67
Efficiency & per share
Fixed asset turnover16.5128.7253.8940.2627.7626.4634.23
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover0.000.000.000.000.000.000.00
EPS (₹)53.8449.64165.67110.4737.3612.5149.13
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)887.80833.53775.70355.45250.47220.02203.80
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue67.9065.8760.1653.6351.7450.2550.5645.02
Revenue growth (YoY)+31.2%+31.1%+19.0%+19.1%+17.3%+19.1%--
Other income0.020.090.200.340.360.534.24(0.11)
Total expenses25.3227.2629.2327.2826.1023.1225.6420.83
EBITDA42.5838.6130.9326.3525.6427.1324.9224.19
EBITDA margin+62.7%+58.6%+51.4%+49.1%+49.6%+54.0%+49.3%+53.7%
Depreciation0.160.130.100.100.110.090.100.09
Interest19.0819.7917.2313.9913.8211.9911.8310.52
Profit before tax23.3618.7813.8012.6012.0715.5817.2313.47
Tax5.994.183.963.213.163.134.433.60
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue21618213494.3963.2660.6067.11
Revenue growth+18.6%+36.2%+41.5%+49.2%+4.4%-9.7%-
Other income1.433.424.721.752.962.952.99
Total expenses10582.9343.9227.5826.7133.6524.85
Employee cost56.6536.9524.5817.6512.8011.6613.23
EBITDA11198.9589.5966.8136.5526.9542.26
EBITDA margin+51.2%+54.4%+67.1%+70.8%+57.8%+44.5%+63.0%
Depreciation0.400.370.190.130.100.100.11
Interest57.4843.9945.7830.8418.1120.4022.31
Profit before tax54.0758.0148.3437.5921.309.4022.83
Tax13.4614.8310.459.235.061.404.59
Net profit40.6143.1837.9228.3616.248.0018.24
Net profit margin+18.8%+23.7%+28.4%+30.1%+25.7%+13.2%+27.2%
EPS (₹)38.6341.1536.1733.4019.129.4221.58
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital10.5110.4910.4872.328.498.498.45
Reserves & surplus622575524157132119112
Shareholders' funds (net worth)632586535229141128121
Secured loans727385290300174149167
Unsecured loans(4.52)26.731.2822.523.864.263.65
Total debt723411291322178153171
Total liabilities1,355997826551319281291
Assets
Gross block27.1026.692.722.302.152.001.96
Net block25.4225.411.800.840.820.770.83
Capital work in progress2.560.200.000.000.030.000.00
Investments42135128119693.0465.1962.37
Inventories0.000.000.000.000.000.000.00
Sundry debtors0.000.000.000.000.000.000.00
Cash & bank balances14673.7913965.3938.5866.855.95
Loans & advances5.625.9914.934.202.012.353.73
Total current assets15279.7815469.5940.5969.209.68
Total current liabilities17.1919.0922.2316.128.469.505.73
Net working capital13560.6913253.4732.1359.703.95
Total assets1,355997826551319281291
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash4.8169.521.4431.0249.070.214.61
Net cash from operating activities(174)(96.48)(86.30)(136)(15.74)66.45(8.14)
Net cash from investing activities(71.07)(92.19)(77.30)(99.63)(27.34)0.22(10.05)
Net cash from financing activities31512423220625.04(17.82)13.79
Net change in cash70.03(64.71)68.08(29.58)(18.05)48.86(4.40)
Closing cash14673.7913965.3938.5866.855.95
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+18.6%+36.2%+41.5%+49.2%+4.4%-9.7%-
EBITDA growth+11.7%+10.5%+34.1%+82.8%+35.6%-36.2%-
PBT growth-6.8%+20.0%+28.6%+76.5%+126.6%-58.8%+45.6%
Net income growth-6.0%+13.9%+33.7%+74.6%+103.0%-56.1%-
Revenue CAGR (3Y)+31.7%+42.2%+30.1%+12.0%+10.7%+30.4%+59.4%
EBITDA CAGR (3Y)+18.3%+39.4%+49.3%+16.5%+6.7%+20.4%+69.5%
Profitability & leverage
Net income margin+18.8%+23.7%+28.4%+30.1%+25.7%+13.2%+27.2%
Return on capital employed+9.5%+11.2%+13.7%+15.7%+13.1%+10.4%+16.4%
Return on net worth+6.7%+7.7%+10.8%+18.5%+12.1%+6.4%+16.9%
Debt / equity0.930.630.801.351.231.301.54
Long-term debt / equity0.840.540.671.151.031.061.27
Interest cover52.2044.6251.2146.2549.6875.9852.93
Efficiency & per share
Fixed asset turnover8.0812.6055.0743.2131.9132.1037.19
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover0.000.000.000.000.000.000.00
EPS (₹)38.6341.1536.1733.4019.129.4221.58
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)601.59558.41510.54194.92165.99150.60142.87

To see the full year-wise statements and ratios of Arman Financial Services Limited, buy the company report.

Board of directors of Arman Financial Services Limited

Arman Financial Services has 8 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Yash Kaushik Shah
Also directs: Namra Finance Limited, Dhirubhai Shah & Co LLP, Restile Ceramics Limited and 1 more
Director02 Sep 20215 Years 2 MonthsCurrent
Ritaben Jayendrabhai Patel
Also directs: Namra Finance Limited
Director26 Nov 199233 Years 11 MonthsCurrent
Aakash Jayendrabhai PatelDirector24 Oct 200026 Years 0 MonthsCurrent
Aalok Jayendra Patel
Also directs: Namra Finance Limited, Namra Holdings and Consultancy Services LLP
Managing Director30 Jan 200719 Years 9 MonthsCurrent
Jayendrabhai Bhailalbhai Patel
Also directs: Namra Finance Limited, Namra Holdings and Consultancy Services LLP
Whole-Time Director28 Aug 199531 Years 2 MonthsCurrent
Alok Prasad
Also directs: Muthoot Microfin Limited, Ummeed Housing Finance Private Limited, Unified Fintech Forum
Director01 Aug 20188 Years 3 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Arman Financial Services Limited is audited by Samir M. Shah & Associates for the financial year 2019.

Auditor firmFinancial yearFirm registration number
Samir M. Shah & AssociatesFY 2019122377W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 22.00%, foreign institutional investors hold 3.10%, domestic institutional investors hold 4.80% and retail and other public shareholders hold 70.10%.

Promoters: 22.00%DII (Domestic Institutional): 4.80%FII (Foreign Institutional): 3.10%Retail & Others: 70.10%
Sep 2026
QUARTER
22.00% Promoters
4.80% DII (Domestic Institutional)
3.10% FII (Foreign Institutional)
70.10% Retail & Others
Promoter holding - history
Now 22.00% · Sep 2026High 22.00% · Dec 2025Low 22.00% · Dec 2025
21%21.5%22%22.5%23%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 22.00%Mar 2026: 22.00%Jun 2026: 22.00%Sep 2026: 22.00%22.00%22.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters22.00%22.00%22.00%22.00%
Public78.00%78.00%78.00%78.00%

Charges & borrowings

Open charges
₹760 Cr
Satisfied charges
₹904.23 Cr
Breakdown by lending institutions
Others₹700.00 Cr
Idbi Trusteeship Services Limited₹40.00 Cr
State Bank of India₹20.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
24 Jun 2026101319894Others₹12.5 CrOpen
12 May 2026101300229Others₹20 CrOpen
25 Mar 2026101268477Others₹20 CrOpen
24 Mar 2026101261075Others₹125 CrOpen
29 Jan 2026101238805State Bank of India₹20 CrOpen

To see the full charge records of Arman Financial Services Limited, buy the company report.

Total charge records: 120 View all charges

Deals & funding

Arman Financial Services Limited has 47 deals on record (39 market trades, 4 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹180.65 Cr; the latest was in September 2025.

Total deals
47
Market trades
39
Funding rounds
4
Convertible or debt financings
2
QIP
1
Disclosed funding
₹180.65 Cr

Deals on record (5 of 47)

WhenDealAmountParties
Mar 2025Market trade₹8.8 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Dec 2023Market trade₹23.9 CrBuyer: Stallion Asset Private Limited
Seller: Elevation Capital V Limited
Dec 2023Market trade₹83.51 CrBuyer: Mansi Share and Stock Broking Private Limited
Seller: Elevation Capital V Limited, Mansi Share and Stock Broking Private Limited
Dec 2023QIP₹230 CrInvestors: Others - QIP Investors, White Oak Capital Management, Kotak Mahindra Life Insurance Company Limited
Dec 2023Market trade₹12.01 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP

To see the full deal history of Arman Financial Services Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Arman Financial Services Limited was last rated by Acuite on 15 Apr 2026.

Rating agencyRated onRating
Acuite15 Apr 2026

To see the full credit ratings and regulatory alerts of Arman Financial Services Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Arman Financial Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Arman Financial Services has 1 subsidiary company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Namra Finance LimitedU65999GJ2012PLC069596

To see the full group structure of Arman Financial Services Limited, buy the company report.

Employees & EPFO

Arman Financial Services Limited has a workforce of 1,269 employees on its EPFO records as of Jan 22, 2026, across 1 active EPFO establishment.

Employee count
1,269
Active EPFO establishments
1
Employee growth
16.85%

GST

Arman Financial Services has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.

Total GSTINs
7
Active
7
GSTINStateStatusRegistered on
24AABCA3165E1Z7GujaratActive01 Jul 2017
23AABCA3165E1Z9Madhya PradeshActive29 Aug 2017
27AABCA3165E1Z1MaharashtraActive08 Mar 2021
08AABCA3165E1Z1RajasthanActive08 Sep 2021

To see the full GST registrations and return filing status of Arman Financial Services Limited, buy the company report.

Recent activity

Arman Financial Services Limited has 30 board changes on record since 1992: 20 appointments and 10 cessations. The latest: Uttambhai Narayanbhai Patel was appointed as Company Secretary on 24 Jun 2025.

Charges
A charge with Others amounted to Rs. 12.50 Cr with Charge ID 101319894 was registered on 24 Jun 2026.
Charges
A charge registered on 25 Jun 2024 via Charge ID 100938013 with Others was fully satisfied on 10 Jun 2026.
Charges
A charge registered on 06 Apr 2023 via Charge ID 100715448 with Others was fully satisfied on 01 Jun 2026.
Charges
A charge with Others of Rs. 42.00 Cr registered on 23 Jun 2025 with Charge ID 101121554 was modified on 14 May 2026.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 101300229 was registered on 12 May 2026.
Charges
A charge registered on 29 Mar 2023 via Charge ID 100696559 with Others was fully satisfied on 13 Apr 2026.
Filing
Arman Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 101268477 was registered on 25 Mar 2026.
Charges
A charge with Others amounted to Rs. 125.00 Cr with Charge ID 101261075 was registered on 24 Mar 2026.
Charges
A charge registered on 20 Jun 2023 via Charge ID 100741087 with Others was fully satisfied on 12 Mar 2026.
Charges
A charge registered on 19 Apr 2024 via Charge ID 100916992 with Idbi Trusteeship Services Limited was fully satisfied on 02 Feb 2026.
Charges
A charge with State Bank Of India amounted to Rs. 20.00 Cr with Charge ID 101238805 was registered on 29 Jan 2026.

241 earlier events are in the company report.

News

ARMANFIN: Q2 CONS NET PROFIT 515M RUPEES VS 80M (YOY)
04 Nov 2026 · Exchange Update
ARMANFIN: Q2 REVENUE 2.4B RUPEES VS 1.59B (YOY)
04 Nov 2026 · Exchange Update
Arman Financial Services: To Hold Meeting With Analysts And Investors On September 29 At 1 PM
18 Sep 2026 · Exchange Update

Frequently asked questions

Arman Financial Services is an active public limited company based in Ahmedabad, Gujarat, India. The company works in asset financing companies, within the financial services industry. It was incorporated on 26 November 1992 (34+ years old) and is registered under CIN L55910GJ1992PLC018623. Listed on BSE: 531179 and NSE: ARMANFIN.

Arman Financial Services reported revenue of ₹645.87 Cr for FY 2025-26 (down 11.5% YoY) based on consolidated financials.

Arman Financial Services has 8 current directors:

The latest financial statements of Arman Financial Services on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Arman Financial Services is 24AABCA3165E1Z7, registered in Gujarat. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 23AABCA3165E1Z9 (Madhya Pradesh), 27AABCA3165E1Z1 (Maharashtra), 08AABCA3165E1Z1 (Rajasthan).

The CIN (Corporate Identification Number) of Arman Financial Services is L55910GJ1992PLC018623. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Arman Financial Services is a listed company as per MCA records. Its shares are listed on both BSE (code: 531179) and NSE (symbol: ARMANFIN).

Arman Financial Services has 7,846 court cases on record: 7,814 filed by the company and 32 filed against it. 5,552 are pending. Most are in the district courts.

Arman Financial Services was incorporated on 26 November 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Arman Financial Services has 47 deals on record (39 market trades, 4 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹180.65 Cr; the latest was in September 2025.