About Arman Financial Services Limited
Data last updated: 19 March 2026
Arman Financial Services Limited is a public limited company based in Ahmedabad, Gujarat, India. It specialises in asset financing companies, a part of the broader financial services sector. Incorporated on 26 November 1992, the company has been in operation for over 34 years.
Registered with ROC Ahmedabad under CIN L55910GJ1992PLC018623. Listed on BSE: 531179 and NSE: ARMANFIN.
Capital: an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.51 Cr. Formerly known as Arman Lease and Finance Limited and Arman Lease and Finance Private Limited. It is led by directors including Aalok Jayendra Patel and Geeta Haresh Solanki.
Last AGM: 29 September 2025. Financial statements filed for year ended 31 March 2025. Office: 502 – 503 Sakar – Iiiopp High Court Off Ashram Road, Ahmedabad, Gujarat, India – 380014.
As per the financials filed for FY 2024, the company reported a revenue of ₹661.53 Cr, a growth of 56% compared to the previous year.
The company has a workforce of approximately 1,269 employees as per the latest available data. Its group structure includes 1 subsidiary.
The company is associated with 2 brands - Arman Financial Services, Namra Finance. As per MCA filings, the company has open charges of ₹659.23 Cr and satisfied charges of ₹827.5 Cr on record.
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.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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Registered Address502 – 503 Sakar – Iiiopp High Court Off Ashram Road, Ahmedabad, Gujarat, India – 380014
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IndustryFinancial Services, Asset Financing Companies, NBFC, Investment & Credit NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Arman Financial Services Limited
Arman Financial Services Limited 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, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Arman Financial Services Limited | Current |
| Arman Lease And Finance Limited | Previous |
| Arman Lease And Finance Private Limited | Previous |
Associated Brands with Arman Financial Services Limited
Arman Financial Services Limited operates two associated brands: Arman Financial Services and Namra Finance. These brands represent Arman Financial Services Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Auto loans are provided through financial services in India. | armanindia.com | |
| Microcredit is extended to low-income individuals and SMEs. | namrafinance.com |
Competitors & Alternatives of Arman Financial Services Limited
Brands and companies operating in the same space as Arman Financial Services Limited include ESAF, Satin Creditcare, Hinduja Leyland Finance and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
ESAF
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Microfinance banking services are offered in India by ESAF. | Thrissur, India, India | 1992 |
Satin Creditcare
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Micro loans for businesses are offered by this NBFC. | Delhi, India, India | 1990 |
Hinduja Leyland Finance
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Vehicle and housing finance products are offered across India. | Chennai, India, India | 2008 |
Bharat Financial Inclusion
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Provider of micro-credit & insurance for low income income individuals and women | Secunderabad, India, India | 1997 |
Muthoot Microfin
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Microfinance loans are extended to low-income women entrepreneurs. | Ernakulam, India, India | 2010 |
Bajaj Auto Finance
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Auto finance loans are provided for two-wheelers, three-wheelers, and cars. | Pune, India, India | 1987 |
Svatantra Microfinance
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Microcredit services are provided to rural women for financial inclusion. | Mumbai, India, India | 2012 |
Fincare Small Finance Bank
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Micro-finance bank | Bengaluru, India, India | 2007 |
Spandana Sphoorty Financial
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Microfinance loans are extended to low-income households for various needs. | Hyderabad, India, India | 2003 |
Chaitanya India Fin Credit
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Micro-credit financing is provided to low-income individuals and businesses. | Bengaluru, India, India | 2004 |
Business Activity of Arman Financial Services Limited
Arman Financial Services Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including financial and credit leasing activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities | ********* |
Auditor Details of Arman Financial Services Limited
Arman Financial Services Limited is audited by Laxminiwas & Co (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Laxminiwas & Co (ICAI peer reviewed, certificate valid till 2027-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Arman Financial Services Limited
Arman Financial Services Limited is currently managed by 10 directors, with 16 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Aalok Jayendra Patel
Also directs:
Namra Finance Limited, Namra Holdings And Consultancy Services Llp
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Managing Director | 30 Jan 2007 | 19 Years 5 Months | Current |
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Geeta Haresh Solanki
Also directs:
Unipads India Private Limited, Alpa Infrastructure Limited
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Director | 01 Apr 2020 | 6 Years 3 Months | Current |
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Pinakin Surendra Shah
Also directs:
Namra Finance Limited
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Director | 14 Aug 2024 | 1 Years 10 Months | Current |
| Yash Kaushik Shah | Director | 02 Sep 2021 | 4 Years 10 Months | Current |
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Ritaben Jayendrabhai Patel
Also directs:
Namra Finance Limited
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Director | 26 Nov 1992 | 33 Years 7 Months | Current |
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Jayendrabhai Bhailalbhai Patel
Also directs:
Namra Finance Limited, Namra Holdings And Consultancy Services Llp
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Managing Director | 28 Aug 1995 | 30 Years 10 Months | Current |
Financials of Arman Financial Services Limited FY 2026 filings available
Arman Financial Services Limited reported revenue of ₹645.87 Cr (down 11.53% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹645.87 Cr | ₹730.04 Cr | ₹661.46 Cr | ₹423.9 Cr | ₹234.01 Cr | ₹190.94 Cr | ₹211.51 Cr |
| Interest Earned | ₹577.2 Cr | ₹618.87 Cr | ₹593.08 Cr | ₹386.72 Cr | - | ₹185.64 Cr | ₹200.38 Cr |
| Other Income | ₹7,000 | ₹9,000 | ₹7.11 Lakh | ₹34,000 | ₹99.28 Lakh | ₹2.32 Cr | ₹3.64 Cr |
| Total Income | ₹645.87 Cr | ₹730.04 Cr | ₹661.53 Cr | ₹423.9 Cr | ₹235.01 Cr | ₹193.26 Cr | ₹215.15 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹150.26 Cr | ₹112.34 Cr | ₹71.59 Cr | ₹54.65 Cr | ₹41.85 Cr | ₹35.57 Cr | ₹36.46 Cr |
| Finance Costs | ₹205.42 Cr | ₹239.36 Cr | ₹265.47 Cr | ₹172 Cr | ₹89.45 Cr | ₹77.45 Cr | ₹87.59 Cr |
| Depreciation & Amortisation | ₹1.69 Cr | ₹1.79 Cr | ₹1.42 Cr | ₹1.15 Cr | ₹95.27 Lakh | ₹80.98 Lakh | ₹79.84 Lakh |
| Other Expenses | ₹62.89 Cr | ₹43.36 Cr | ₹29.85 Cr | ₹26.41 Cr | ₹19.9 Cr | ₹13.08 Cr | ₹16.51 Cr |
| Total Expenses | ₹568.51 Cr | ₹660.95 Cr | ₹433.44 Cr | ₹298.95 Cr | ₹189.49 Cr | ₹181.5 Cr | ₹161.37 Cr |
| Profit Before Exceptional Items & Tax | ₹77.36 Cr | ₹69.09 Cr | ₹228.09 Cr | ₹124.95 Cr | ₹45.52 Cr | ₹11.76 Cr | ₹53.78 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹77.36 Cr | ₹69.09 Cr | ₹228.09 Cr | ₹124.95 Cr | ₹45.52 Cr | ₹11.76 Cr | ₹53.78 Cr |
| Total Tax Expense | ₹20.75 Cr | ₹17.02 Cr | ₹54.52 Cr | ₹31.14 Cr | ₹13.8 Cr | ₹1.15 Cr | ₹12.26 Cr |
| Net Profit | ₹56.61 Cr | ₹52.07 Cr | ₹173.57 Cr | ₹93.81 Cr | ₹31.72 Cr | ₹10.62 Cr | ₹41.52 Cr |
| attributable to Owners | ₹56.64 Cr | ₹52.07 Cr | ₹173.57 Cr | ₹93.81 Cr | ₹31.72 Cr | ₹10.62 Cr | ₹0 |
| attributable to NCI | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Other Comprehensive Income | -₹3.32 Cr | ₹1.8 Cr | ₹5.71 Cr | -₹4.81 Cr | -₹5.9 Cr | ₹3.66 Cr | ₹52.67 Lakh |
| Total Comprehensive Income | ₹53.29 Cr | ₹53.87 Cr | ₹179.29 Cr | ₹89 Cr | ₹25.82 Cr | ₹14.28 Cr | ₹42.05 Cr |
| EBITDA (computed) | ₹284.47 Cr | ₹310.24 Cr | ₹494.99 Cr | ₹298.1 Cr | ₹135.92 Cr | ₹90.02 Cr | ₹142.17 Cr |
| Basic EPS | ₹53.91 | ₹49.67 | ₹195.00 | ₹110.47 | ₹37.36 | ₹12.53 | ₹55.80 |
| Diluted EPS | ₹53.57 | ₹49.26 | ₹192.76 | ₹107.28 | ₹37.36 | ₹12.53 | ₹55.54 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹2,797.81 Cr | ₹2,227.32 Cr | ₹2,635.06 Cr | ₹2,038.16 Cr |
| Property, Plant & Equipment | ₹29.44 Cr | ₹29.99 Cr | ₹5.95 Cr | ₹5.16 Cr |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 |
| Cash & Equivalents | ₹87.78 Cr | ₹67.75 Cr | ₹118.59 Cr | ₹26.22 Cr |
| Equity (Net Worth) | ₹933.33 Cr | ₹874.41 Cr | ₹812.69 Cr | ₹365.69 Cr |
| Equity Share Capital | ₹10.51 Cr | ₹10.49 Cr | ₹10.48 Cr | ₹8.49 Cr |
| Total Liabilities | ₹1,864.48 Cr | ₹1,352.9 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹476.4 Cr | ₹492.82 Cr | -₹302.4 Cr | -₹713.02 Cr | -₹280.7 Cr |
| Investing Cash Flow | -₹49.68 Cr | -₹48.8 Cr | ₹18.38 Cr | -₹12.62 Cr | -₹1.97 Cr |
| Financing Cash Flow | ₹546.12 Cr | -₹494.85 Cr | ₹376.39 Cr | ₹676.33 Cr | ₹270.28 Cr |
| Capital Expenditure | ₹3.11 Cr | ₹25.37 Cr | ₹2.37 Cr | ₹2.36 Cr | ₹87.39 Lakh |
| Free Cash Flow (computed) | -₹479.51 Cr | ₹467.44 Cr | -₹304.78 Cr | -₹715.38 Cr | -₹281.58 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹20.03 Cr | -₹50.84 Cr | ₹92.37 Cr | -₹49.31 Cr | -₹12.39 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹175.58 Cr | ₹160.07 Cr | ₹159.21 Cr | ₹151 Cr | ₹199.35 Cr | ₹164.77 Cr | ₹181.49 Cr | ₹184.43 Cr | ₹182.85 Cr | ₹168.76 Cr | ₹160.33 Cr | ₹149.51 Cr |
| Interest Earned | ₹157.49 Cr | ₹141.71 Cr | ₹138.25 Cr | ₹139.76 Cr | ₹141.59 Cr | ₹148.36 Cr | ₹161.39 Cr | - | ₹160.51 Cr | ₹150.86 Cr | ₹147.56 Cr | ₹134.15 Cr |
| Other Income | ₹0 | ₹0 | ₹0 | ₹7,000 | ₹0 | ₹0 | ₹0 | ₹9,000 | ₹7.11 Lakh | ₹0 | ₹0 | ₹0 |
| Total Income | ₹175.58 Cr | ₹160.07 Cr | ₹159.21 Cr | ₹151 Cr | ₹199.35 Cr | ₹164.77 Cr | ₹181.49 Cr | ₹184.43 Cr | ₹182.92 Cr | ₹168.76 Cr | ₹160.33 Cr | ₹149.51 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹41.47 Cr | ₹38.91 Cr | ₹36.44 Cr | ₹33.44 Cr | ₹32.23 Cr | ₹27.98 Cr | ₹27.29 Cr | ₹24.84 Cr | ₹21.44 Cr | ₹17.92 Cr | ₹17.27 Cr | ₹14.96 Cr |
| Finance Costs | ₹52.78 Cr | ₹50.8 Cr | ₹49.61 Cr | ₹52.22 Cr | ₹51.75 Cr | ₹56.98 Cr | ₹65.26 Cr | ₹65.37 Cr | ₹62.95 Cr | ₹71.2 Cr | ₹67.35 Cr | ₹63.97 Cr |
| Depreciation & Amortisation | ₹36.72 Lakh | ₹43.15 Lakh | ₹45.37 Lakh | ₹43.57 Lakh | ₹47.86 Lakh | ₹45.53 Lakh | ₹43.94 Lakh | ₹41.74 Lakh | ₹37.76 Lakh | ₹36.3 Lakh | ₹36.03 Lakh | ₹32.28 Lakh |
| Other Expenses | ₹21.62 Cr | ₹15.21 Cr | ₹16.5 Cr | ₹9.55 Cr | ₹13.26 Cr | ₹10.27 Cr | ₹10.93 Cr | ₹8.9 Cr | ₹10.02 Cr | ₹6.82 Cr | ₹6.02 Cr | ₹6.98 Cr |
| Total Expenses | ₹133.5 Cr | ₹131.57 Cr | ₹141.27 Cr | ₹162.17 Cr | ₹186.69 Cr | ₹171.66 Cr | ₹159.18 Cr | ₹143.42 Cr | ₹118.3 Cr | ₹113.58 Cr | ₹101.85 Cr | ₹99.71 Cr |
| Profit Before Exceptional Items & Tax | ₹42.09 Cr | ₹28.5 Cr | ₹17.94 Cr | -₹11.17 Cr | ₹12.66 Cr | -₹6.89 Cr | ₹22.31 Cr | ₹41.01 Cr | ₹64.62 Cr | ₹55.18 Cr | ₹58.48 Cr | ₹49.8 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹42.09 Cr | ₹28.5 Cr | ₹17.94 Cr | -₹11.17 Cr | ₹12.66 Cr | -₹6.89 Cr | ₹22.31 Cr | ₹41.01 Cr | ₹64.62 Cr | ₹55.18 Cr | ₹58.48 Cr | ₹49.8 Cr |
| Total Tax Expense | ₹1.07 Cr | ₹6.32 Cr | ₹9.94 Cr | ₹3.42 Cr | -₹10.64 Lakh | ₹37.13 Lakh | ₹7.05 Cr | ₹9.71 Cr | ₹13.8 Cr | ₹13.18 Cr | ₹17.67 Cr | ₹9.86 Cr |
| Net Profit | ₹41.01 Cr | ₹22.18 Cr | ₹7.99 Cr | -₹14.58 Cr | ₹12.76 Cr | -₹7.26 Cr | ₹15.27 Cr | ₹31.3 Cr | ₹50.82 Cr | ₹42 Cr | ₹40.82 Cr | ₹39.94 Cr |
| attributable to Owners | ₹41.05 Cr | ₹22.18 Cr | ₹7.99 Cr | -₹14.18 Cr | ₹12.76 Cr | -₹7.49 Cr | ₹15.27 Cr | ₹31.3 Cr | ₹50.82 Cr | ₹42 Cr | ₹58.48 Cr | ₹39.94 Cr |
| attributable to NCI | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Other Comprehensive Income | -₹93.65 Lakh | -₹2.96 Cr | ₹17.63 Lakh | ₹40.61 Lakh | ₹1.23 Cr | -₹22.97 Lakh | -₹24.55 Lakh | ₹1.05 Cr | ₹2.52 Cr | ₹98.9 Lakh | ₹1.88 Cr | ₹32.71 Lakh |
| Total Comprehensive Income | ₹40.08 Cr | ₹19.22 Cr | ₹8.17 Cr | -₹14.18 Cr | ₹13.99 Cr | -₹7.49 Cr | ₹15.02 Cr | ₹32.35 Cr | ₹53.34 Cr | ₹42.99 Cr | ₹42.69 Cr | ₹40.27 Cr |
| EBITDA (computed) | ₹95.24 Cr | ₹79.73 Cr | ₹68.01 Cr | ₹41.49 Cr | ₹64.88 Cr | ₹50.55 Cr | ₹88.01 Cr | ₹106.8 Cr | ₹127.95 Cr | ₹126.75 Cr | ₹126.2 Cr | ₹114.09 Cr |
| Basic EPS | ₹39.06 | ₹21.13 | ₹7.62 | ₹-13.90 | ₹12.17 | ₹-6.94 | ₹14.56 | ₹29.88 | ₹52.23 | ₹47.71 | ₹48.04 | ₹47.03 |
| Diluted EPS | ₹38.82 | ₹20.99 | ₹7.55 | ₹-13.79 | ₹12.07 | ₹-6.88 | ₹14.47 | ₹29.60 | ₹52.23 | ₹44.37 | ₹43.51 | ₹43.68 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹215.79 Cr | ₹181.88 Cr | ₹133.51 Cr | ₹94.39 Cr | ₹62.41 Cr | ₹60.35 Cr | ₹67.11 Cr |
| Interest Earned | ₹206.18 Cr | ₹174.14 Cr | ₹124.57 Cr | ₹90.7 Cr | - | ₹60.34 Cr | ₹65.38 Cr |
| Other Income | ₹1.43 Cr | ₹3.42 Cr | ₹2.66 Cr | ₹1.75 Cr | ₹3.8 Cr | ₹3.2 Cr | ₹2.99 Cr |
| Total Income | ₹217.22 Cr | ₹185.3 Cr | ₹136.17 Cr | ₹96.14 Cr | ₹66.22 Cr | ₹63.55 Cr | ₹70.1 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹56.65 Cr | ₹36.95 Cr | ₹24.58 Cr | ₹17.65 Cr | ₹12.8 Cr | ₹11.66 Cr | ₹13.23 Cr |
| Finance Costs | ₹57.03 Cr | ₹43.56 Cr | ₹45.57 Cr | ₹30.7 Cr | ₹17.89 Cr | ₹19.98 Cr | ₹22.03 Cr |
| Depreciation & Amortisation | ₹39.93 Lakh | ₹37.03 Lakh | ₹18.87 Lakh | ₹13.03 Lakh | ₹10.03 Lakh | ₹10.12 Lakh | ₹11.15 Lakh |
| Other Expenses | ₹24.08 Cr | ₹17.55 Cr | ₹10.25 Cr | ₹7.97 Cr | ₹6.8 Cr | ₹4.49 Cr | ₹5.22 Cr |
| Total Expenses | ₹163.15 Cr | ₹127.3 Cr | ₹87.82 Cr | ₹58.55 Cr | ₹44.92 Cr | ₹54.15 Cr | ₹47.28 Cr |
| Profit Before Exceptional Items & Tax | ₹54.08 Cr | ₹58 Cr | ₹48.35 Cr | ₹37.59 Cr | ₹21.3 Cr | ₹9.39 Cr | ₹22.83 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹54.08 Cr | ₹58 Cr | ₹48.35 Cr | ₹37.59 Cr | ₹21.3 Cr | ₹9.39 Cr | ₹22.83 Cr |
| Total Tax Expense | ₹13.47 Cr | ₹14.83 Cr | ₹10.45 Cr | ₹9.23 Cr | ₹5.07 Cr | ₹1.4 Cr | ₹4.59 Cr |
| Net Profit | ₹40.61 Cr | ₹43.17 Cr | ₹37.9 Cr | ₹28.36 Cr | ₹16.23 Cr | ₹8 Cr | ₹18.24 Cr |
| Other Comprehensive Income | ₹40.18 Lakh | -₹10.33 Lakh | -₹8.85 Lakh | -₹1.17 Cr | -₹1.24 Cr | ₹1.79 Cr | ₹29.59 Lakh |
| Total Comprehensive Income | ₹41.01 Cr | ₹43.07 Cr | ₹37.81 Cr | ₹27.19 Cr | ₹15 Cr | ₹9.79 Cr | ₹18.53 Cr |
| EBITDA (computed) | ₹111.5 Cr | ₹101.93 Cr | ₹94.1 Cr | ₹68.42 Cr | ₹39.29 Cr | ₹29.47 Cr | ₹44.97 Cr |
| Basic EPS | ₹38.68 | ₹41.17 | ₹42.58 | ₹33.40 | ₹19.12 | ₹9.44 | ₹24.51 |
| Diluted EPS | ₹38.43 | ₹40.84 | ₹42.09 | ₹33.02 | ₹19.11 | ₹9.44 | ₹24.39 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹1,372.26 Cr | ₹1,016.13 Cr | ₹848.12 Cr | ₹567.51 Cr |
| Property, Plant & Equipment | ₹25.34 Cr | ₹25.31 Cr | ₹1.73 Cr | ₹80.07 Lakh |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 |
| Cash & Equivalents | ₹74.84 Cr | ₹4.81 Cr | ₹69.52 Cr | ₹1.44 Cr |
| Equity (Net Worth) | ₹632.44 Cr | ₹585.8 Cr | ₹534.88 Cr | ₹229.36 Cr |
| Equity Share Capital | ₹10.51 Cr | ₹10.49 Cr | ₹10.48 Cr | ₹8.49 Cr |
| Total Liabilities | ₹739.82 Cr | ₹430.33 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹174.01 Cr | -₹96.48 Cr | -₹86.3 Cr | -₹135.86 Cr | -₹15.74 Cr |
| Investing Cash Flow | -₹71.07 Cr | -₹92.19 Cr | -₹77.3 Cr | -₹99.63 Cr | -₹27.34 Cr |
| Financing Cash Flow | ₹315.11 Cr | ₹123.95 Cr | ₹231.68 Cr | ₹205.91 Cr | ₹25.04 Cr |
| Capital Expenditure | ₹2.78 Cr | ₹24.17 Cr | ₹1.24 Cr | ₹12.04 Lakh | ₹18 Lakh |
| Free Cash Flow (computed) | -₹176.79 Cr | -₹120.65 Cr | -₹87.54 Cr | -₹135.98 Cr | -₹15.92 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹70.03 Cr | -₹64.71 Cr | ₹68.08 Cr | -₹29.58 Cr | -₹18.05 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹60.16 Cr | ₹53.63 Cr | ₹51.74 Cr | ₹50.25 Cr | ₹50.56 Cr | ₹45.02 Cr | ₹44.12 Cr | ₹42.18 Cr | ₹37.74 Cr | ₹32.61 Cr | ₹33.78 Cr | ₹29.38 Cr |
| Interest Earned | ₹57.09 Cr | ₹51.33 Cr | ₹49.09 Cr | ₹48.66 Cr | ₹48.18 Cr | ₹43.36 Cr | ₹42.39 Cr | - | ₹35.8 Cr | ₹30.67 Cr | ₹29.87 Cr | ₹28.23 Cr |
| Other Income | ₹20.3 Lakh | ₹33.66 Lakh | ₹35.91 Lakh | ₹52.86 Lakh | ₹4.24 Cr | -₹11.13 Lakh | -₹97.77 Lakh | ₹26.84 Lakh | -₹45.44 Lakh | ₹1.3 Cr | ₹93.16 Lakh | ₹88.28 Lakh |
| Total Income | ₹60.37 Cr | ₹53.97 Cr | ₹52.1 Cr | ₹50.78 Cr | ₹54.8 Cr | ₹44.91 Cr | ₹43.14 Cr | ₹42.45 Cr | ₹37.28 Cr | ₹33.91 Cr | ₹34.71 Cr | ₹30.27 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹17.09 Cr | ₹15.37 Cr | ₹12.91 Cr | ₹11.28 Cr | ₹10.15 Cr | ₹9.15 Cr | ₹9.15 Cr | ₹8.51 Cr | ₹6.95 Cr | ₹6.15 Cr | ₹6.06 Cr | ₹5.42 Cr |
| Finance Costs | ₹17.23 Cr | ₹13.99 Cr | ₹13.82 Cr | ₹11.99 Cr | ₹11.83 Cr | ₹10.52 Cr | ₹11.78 Cr | ₹9.43 Cr | ₹10.58 Cr | ₹12.31 Cr | ₹11.54 Cr | ₹11.13 Cr |
| Depreciation & Amortisation | ₹10.07 Lakh | ₹9.76 Lakh | ₹11.24 Lakh | ₹8.86 Lakh | ₹10.31 Lakh | ₹9.37 Lakh | ₹8.99 Lakh | ₹8.36 Lakh | ₹6.74 Lakh | ₹4.24 Lakh | ₹4.31 Lakh | ₹3.58 Lakh |
| Other Expenses | ₹10 Cr | ₹5.01 Cr | ₹4.84 Cr | ₹4.23 Cr | ₹8.09 Cr | ₹3.25 Cr | ₹3.25 Cr | ₹2.96 Cr | ₹3.55 Cr | ₹2.31 Cr | ₹2.31 Cr | ₹2.08 Cr |
| Total Expenses | ₹46.56 Cr | ₹41.36 Cr | ₹40.02 Cr | ₹35.2 Cr | ₹37.58 Cr | ₹31.44 Cr | ₹32.01 Cr | ₹26.27 Cr | ₹23.61 Cr | ₹22.87 Cr | ₹21.28 Cr | ₹20.05 Cr |
| Profit Before Exceptional Items & Tax | ₹13.81 Cr | ₹12.61 Cr | ₹12.08 Cr | ₹15.58 Cr | ₹17.22 Cr | ₹13.47 Cr | ₹11.13 Cr | ₹16.18 Cr | ₹13.68 Cr | ₹11.04 Cr | ₹13.43 Cr | ₹10.21 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹13.81 Cr | ₹12.61 Cr | ₹12.08 Cr | ₹15.58 Cr | ₹17.22 Cr | ₹13.47 Cr | ₹11.13 Cr | ₹16.18 Cr | ₹13.68 Cr | ₹11.04 Cr | ₹13.43 Cr | ₹10.21 Cr |
| Total Tax Expense | ₹3.96 Cr | ₹3.21 Cr | ₹3.16 Cr | ₹3.13 Cr | ₹4.43 Cr | ₹3.6 Cr | ₹3.2 Cr | ₹3.6 Cr | ₹2.06 Cr | ₹1.7 Cr | ₹4.55 Cr | ₹2.14 Cr |
| Net Profit | ₹9.85 Cr | ₹9.4 Cr | ₹8.91 Cr | ₹12.45 Cr | ₹12.79 Cr | ₹9.87 Cr | ₹7.93 Cr | ₹12.58 Cr | ₹11.61 Cr | ₹9.34 Cr | ₹8.88 Cr | ₹8.07 Cr |
| Other Comprehensive Income | -₹1.02 Cr | -₹31.98 Lakh | ₹1.3 Cr | ₹43.4 Lakh | -₹1.61 Lakh | -₹32.73 Lakh | -₹38.46 Lakh | ₹62.47 Lakh | ₹56.36 Lakh | -₹68.91 Lakh | -₹26.77 Lakh | ₹30.47 Lakh |
| Total Comprehensive Income | ₹8.83 Cr | ₹9.08 Cr | ₹10.22 Cr | ₹12.88 Cr | ₹12.77 Cr | ₹9.55 Cr | ₹7.54 Cr | ₹13.2 Cr | ₹12.18 Cr | ₹8.65 Cr | ₹8.61 Cr | ₹8.37 Cr |
| EBITDA (computed) | ₹31.14 Cr | ₹26.69 Cr | ₹26.01 Cr | ₹27.66 Cr | ₹29.16 Cr | ₹24.08 Cr | ₹23 Cr | ₹25.69 Cr | ₹24.32 Cr | ₹23.39 Cr | ₹25.01 Cr | ₹21.38 Cr |
| Basic EPS | ₹9.38 | ₹8.94 | ₹8.49 | ₹11.87 | ₹12.19 | ₹9.41 | ₹7.56 | ₹12.00 | ₹12.00 | ₹10.63 | ₹10.45 | ₹9.50 |
| Diluted EPS | ₹9.32 | ₹8.88 | ₹8.46 | ₹11.77 | ₹12.10 | ₹9.34 | ₹7.51 | ₹11.89 | ₹12.00 | ₹10.02 | ₹9.73 | ₹9.14 |
Shareholding Pattern of Arman Financial Services Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 22.00%, foreign institutional investors hold 2.61%, domestic institutional investors hold 4.18%, retail and other public shareholders hold 71.21% of Arman Financial Services Limited. The company had 33,752 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 22.00% | 22.00% | 22.00% | 22.05% | 22.06% | 22.07% |
| Public | 78.00% | 78.00% | 78.00% | 77.95% | 77.94% | 77.93% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 22.00% | 22.06% | 22.09% | 27.31% | 27.45% | 27.46% | 27.65% | 39.75% | 26.62% | 27.42% |
| Public | 78.00% | 77.94% | 77.91% | 72.69% | 72.55% | 72.54% | 72.35% | 60.25% | 73.38% | 72.58% |
| Promoter change (YoY, %pts) | -0.06 | -0.03 | -5.22 | -0.14 | -0.01 | -0.19 | -12.10 | +13.13 | -0.80 | - |
Board & Governance of Arman Financial Services Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Arman Financial Services Limited has 8 directors - 4 independent and 2 executive. The board is chaired by Alok Prasad.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Alok Prasad | Non-Executive - Independent Director · Chairperson | 2018-08-01 | 2 |
| Jayendrabhai Bhailalbhai Patel | Executive Director | 1992-11-26 | 1 |
| Aalok Jayendra Patel | Executive Director · MD | 2007-01-30 | 1 |
| Ritaben Jayendrabhai Patel | Non-Executive - Non Independent Director | 1992-11-26 | 1 |
| Aakash Jayendrabhai Patel | Non-Executive - Non Independent Director | 2000-10-24 | 1 |
| Geeta Haresh Solanki | Non-Executive - Independent Director | 2020-04-01 | 1 |
| Yash Kaushik Shah | Non-Executive - Independent Director | 2021-09-02 | 3 |
| Pinakin Surendrai Shah | Non-Executive - Independent Director | 2024-08-14 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | Yash Kaushik Shah (Chairperson), Alok Prasad, Ritaben Jayendrabhai Patel, Pinakin Surendrai Shah |
| Nomination and remuneration committee | Pinakin Surendrai Shah (Chairperson), Alok Prasad, Geeta Haresh Solanki, Yash Kaushik Shah |
| Stakeholders Relationship Committee | Alok Prasad (Chairperson), Jayendrabhai Bhailalbhai Patel, Yash Kaushik Shah |
| Risk Management Committee | Alok Prasad (Chairperson), Jayendrabhai Bhailalbhai Patel, Aalok Jayendra Patel, Vivek Modi, Moorthy Govindarajan |
| Corporate Social Responsibility Committee | Jayendrabhai Bhailalbhai Patel (Chairperson), Alok Prasad, Aalok Jayendra Patel |
Group Structure of Arman Financial Services Limited
Arman Financial Services Limited has 1 subsidiary company. This group structure data is as of FY 2025. The corporate group structure reflects Arman Financial Services Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Namra Finance Limited | U65999GJ2012PLC069596 | - |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Arman Financial Services Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jan 2026 | State Bank of India | ₹20 Cr | Open |
| 28 Jan 2026 | Others | ₹125 Cr | Open |
| 30 Dec 2025 | Others | ₹20 Cr | Open |
| 30 Dec 2025 | Others | ₹15 Cr | Open |
| 27 Dec 2025 | Others | ₹20 Cr | Open |
Total charge records: 116 View all charges
Employees and EPFO Compliance at Arman Financial Services Limited
Arman Financial Services Limited has a workforce of 1,269 employees as of Jan 22, 2026.
Employee Count & EPFO Data of Arman Financial Services Limited
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GST Compliance of Arman Financial Services Limited
GSTIN & GST Filing Data of Arman Financial Services Limited
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Credit Ratings, Litigation & Regulatory Alerts for Arman Financial Services Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Arman Financial Services Limited
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MSME Payment Delays by Arman Financial Services Limited
MSME Payment Delays by Arman Financial Services Limited
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Subsidiaries & Group Companies of Arman Financial Services Limited
Subsidiaries & Group Companies of Arman Financial Services Limited
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MCA Filings & Documents of Arman Financial Services Limited
MCA Filings & Documents of Arman Financial Services Limited
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Recent Activity on Arman Financial Services Limited
Frequently Asked Questions about Arman Financial Services Limited
Arman Financial Services Limited is an active public limited company in the financial services sector based in Ahmedabad, Gujarat, India. It was incorporated on 26 November 1992 (34+ years old) and is registered under CIN L55910GJ1992PLC018623. Listed on BSE: 531179 and NSE: ARMANFIN. The company has 1,269 employees.
Arman Financial Services Limited reported revenue of ₹661.53 Cr for FY 2024 (up 56.00% YoY).
The current directors of Arman Financial Services Limited are:
- Aalok Jayendra Patel
- Geeta Haresh Solanki
- Pinakin Surendra Shah
- Yash Kaushik Shah
- Ritaben Jayendrabhai Patel
- Jayendrabhai Bhailalbhai Patel
- Aakash Jayendra Patel
- Vivek Arun Modi
- Alok Prasad
- Uttambhai Narayanbhai Patel
The primary industry of Arman Financial Services Limited is financial services. The company specifically operates in asset financing companies. The company is currently active in this sector.
Yes. Arman Financial Services Limited is listed on both BSE (code: 531179) and NSE (symbol: ARMANFIN).
Arman Financial Services Limited can be reached at the registered office: 502 – 503 Sakar – Iiiopp High Court Off Ashram Road, Ahmedabad, Gujarat, India – 380014, or through the website armanindia.com.