About Arohan
Arohan is a company based in Kolkata (India) founded in 2006 by Vineet Rai was acquired by IntelleCash in September 2012. Arohan has raised $190.2 million across 16 funding rounds from investors including Northern Arc Capital, UTI Mutual Fund and Hinduja Leyland Finance. The company has 10,203 employees. Arohan offers products and services including Saral Micro Enterprise Loan, Cross-Sell Products, and Secondary Products. Arohan operates in a competitive market with competitors including ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance, among others.
- Headquarter Kolkata, India
- Employees 10,203
- Founders Vineet Rai
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website arohan.in
- Social LinkedIn X Facebook YouTube
- Acquired by IntelleCash (Sep 2012)
- Legal Name Arohan Financial Services Limited
- Date of Incorporation 27 Sep, 1991
- Jurisdiction Kolkata, West Bengal, India
- Annual Revenue₹1,091 Cr
FY 2023 · +19% YoY
- Net Profit₹112 Cr
FY 2023
- EBITDA₹469 Cr
FY 2023 · 43% margin
- Total Equity Funding$190.2M (USD)
in 16 rounds
- Latest Funding Round$24M (USD), Series C
Jul 2023
- InvestorsNorthern Arc Capital
& 38 more
- Employee Count10,203
- Acquired byIntelleCash
(Sep 2012)
Associated legal entities of Arohan
Arohan operates through Arohan Financial Services Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Arohan Financial Services Limited CIN U74140WB1991PLC053189 | Active | 27 Sep 1991 | Kolkata, West Bengal | ₹1,091 Cr | 10,203 | 16 | View details |
Products & Services of Arohan
Arohan offers a comprehensive portfolio of products and services, including Saral Micro Enterprise Loan, Cross-Sell Products, and Secondary Products.
Provides funding for small businesses to support growth and operations.
Offers additional financial services alongside core loans.
Supports borrowers with supplementary financial options.
Apps and channels of Arohan
its YouTube channel Arohan Financial Services has 4.36K subscribers and 30 videos.
Videos from Arohan
The most watched videos on Arohan's YouTube channel, Arohan Financial Services (4.36K subscribers). Click a video to play it here.
More on Arohan Financial Services.
Funding Insights of Arohan
Arohan has successfully raised a total of $190.2M across 16 strategic funding rounds. The most recent funding activity was a Series C round of $24 million completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $190.2M
- Total Rounds 16
- Last Round Series C — $24M
- First Round $1.5M
(Jul 2008)
- Investors Count 39
Latest 10 of 16 funding rounds of Arohan with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2023 | $24M | Series C | – | IFU | – |
| Nov 2022 | $89.15M | Series C | – | FMO | |
| Mar 2021 | $110,367 | Debt – Conventional | – | – | |
| Feb 2021 | $23.02M | Series C | $343.65M | ASK Group | |
| Oct 2019 | $3.53M | Debt – Conventional | – | – | |
| Mar 2019 | $6.22M | Series B | $240.95M | Maj Invest | |
| Jan 2017 | $24.23M | Series B | $••••• | Maj Invest | |
| Apr 2016 | $5.41M | Debt – Conventional | – | – | |
| Dec 2015 | $7.98M | Debt – Conventional | – | – | |
| Jul 2015 | $2.35M | Debt – Conventional | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2021 | $343.65M | •••••••• |
| Mar 2019 | $240.95M | •••••••• |
| Jan 2017 | $••••• | •••••••• |
| Nov 2014 | $••••• | •••••••• |
| Sep 2013 | $••••• | •••••••• |
| Sep 2012 | $••••• | •••••••• |
| Jun 2010 | $••••• | •••••••• |
| Jul 2008 | $••••• | •••••••• |
Full valuation and stage history of Arohan
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
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Verified entity values are shown only after access is granted.
Last known valuation $343.65M (Feb 2021). 39 investors in total: 27 institutional and 12 angel.
Investors in Arohan
Arohan has secured backing from 39 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Northern Arc Capital, UTI Mutual Fund and Hinduja Leyland Finance.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm | 1967 | ifu.dk | Copenhagen, Denmark | |
Development financing is provided for entrepreneurial ventures in emerging markets. | 1970 | fmo.nl | The Hague, Netherlands | |
Private equity firm focused on multiple sectors | – | danishsustainabledevelopmentgoalsinvestmentfund.tcc.mode | - | |
Private equity investments are directed toward ESG-focused companies. | – | majinvest.com | Copenhagen, Denmark | |
Debt and equity investments are managed by this private fund. | 2001 | blueorchard.com | Zurich, Switzerland | |
Venture capital firm | – | aavishkaarcapital.in | Mumbai, India | |
Investment advisory and fund management services for SMEs and agriculture in India. | 2005 | caspianequity.in | Hyderabad, India | |
Investment firm focusing on tech-enabled enterprises in social and environmental sectors. | 2002 | lokcapital.com | Gurugram, India | |
Impact investments are managed by the B Corp-certified firm. | – | caspian.in | Hyderabad, India | |
- | – | bii.co.uk | - |
Investor details for Arohan
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Board of directors of Arohan Financial Services Limited (Arohan)
Arohan Financial Services Limited is the primary company behind Arohan. The board of Arohan Financial Services Limited currently have 16 directors; the longest-serving is Manojkumar Narayan Nambiar, appointed in 2012. 29 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manojkumar Narayan Nambiar DIN 03172919 | Managing Director | 03 Oct 2012 | 14 yrs | Arohan Financial Services Limited |
| Anurag Agrawal DIN 02385780 | Director | 03 Oct 2012 | 14 yrs | Arohan Financial Services Limited |
| Vineet Chandra Rai DIN 00606290 | Nominee Director | 24 Oct 2013 | 12 yrs 11 mo | Arohan Financial Services Limited |
| Milind Ramchandra Nare DIN 07323219 | CFO | 09 May 2016 | 10 yrs 5 mo | Arohan Financial Services Limited |
| Wilhelmus Marthinus Maria Van Der Beek DIN 02142559 | Nominee Director | 05 Dec 2016 | 9 yrs 10 mo | Arohan Financial Services Limited |
| Anirudh Singh Thakur DIN 07316391 | Company Secretary | 23 Oct 2017 | 8 yrs 11 mo | Arohan Financial Services Limited |
| Dinesh Kumar Mittal DIN 00040000 | Director | 15 May 2018 | 8 yrs 4 mo | Arohan Financial Services Limited |
| Stephen Dongwon Lee DIN 08640160 | Nominee Director | 01 Dec 2022 | 3 yrs 10 mo | Arohan Financial Services Limited |
| Nitish Chawla DIN 07676758 | Nominee Director | 31 May 2023 | 3 yrs 4 mo | Arohan Financial Services Limited |
| Rupa Rajul Vora DIN 01831916 | Nominee Director | 08 Aug 2023 | 3 yrs 2 mo | Arohan Financial Services Limited |
| Karina Isabel Alva Alfaro DIN 10377372 | Nominee Director | 10 Nov 2023 | 2 yrs 11 mo | Arohan Financial Services Limited |
| John Arunkumar Diaz DIN 00493304 | Director | 03 Jan 2024 | 2 yrs 9 mo | Arohan Financial Services Limited |
| Ulhas Sharadkumar Deshpande DIN 00017235 | Director | 15 Jan 2024 | 2 yrs 8 mo | Arohan Financial Services Limited |
| Jose Joseph Kattoor DIN 09213852 | Director | 28 Sep 2024 | 2 yrs | Arohan Financial Services Limited |
| Narasimha Kummamuri DIN 00023046 | Director | 12 Feb 2025 | 1 yr 7 mo | Arohan Financial Services Limited |
| Sriradha Ramana Saripalli DIN 07165124 | Nominee Director | 23 May 2025 | 1 yr 4 mo | Arohan Financial Services Limited |
People of Arohan
28 people are tracked at Arohan (15 in leadership, 10 in board & advisors, 3 in team); the tracked headcount is 10,203.
| Name | Role | Group |
|---|---|---|
| Founder & Chairman | Leadership | |
Wim van der Beek | Executive Director | Leadership |
Manoj Kumar Nambiar | Managing Director | Leadership |
| Chief Financial Officer | Leadership | |
Sumit Mukherjee | Chief Business Officer | Leadership |
Deblina Bhattacharjee | Head Of Human Resources Training & Development Administration | Leadership |
Ketan Agrawal | President, Head of Accounts | Leadership |
Pradip Kumar Nath | Head , Micro Finance Audit At Arohan Financial Services Limited | Leadership |
Shailesh Kumar | SVP, Head of Credit | Leadership |
Ranjan Das | Chief Risk Officer | Leadership |
| Head, Legal, Compliance & Company Secretary | Leadership | |
Sharmistha Mukherjee Cspo | Head Of Department | Leadership |
Joyanta Bakali | Deputy Business Head | Leadership |
Soumyajit Sarkar | Regional Human Resources Business Partner | Leadership |
Sharoni Pal | Head - Central Operations | Leadership |
| Chairman | Board & advisors | |
Sumantra Banerjee | Independent Director | Board & advisors |
Piyush Goenka | Nominee Director | Board & advisors |
Rajat M. Nag | Independent Director | Board & advisors |
David Arturo Paradiso | Additional Director | Board & advisors |
8 more people are available in the full profile.
Complete people profiles for Arohan
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Arohan
Figures of Arohan Financial Services Limited, the primary company behind Arohan, for FY 2023. Revenue was ₹1,091 Cr (+19% year on year). Net profit was ₹112 Cr. EBITDA was ₹469 Cr (43% margin). Revenue has grown at a compounded annual rate of +5% over three years and +27% over five years.
- ₹1,091 CrRevenue · FY 2023 · +19% YoY
- ₹112 CrNet profit
- ₹469 CrEBITDA · 43% margin
- ₹159 CrPaid-up capital
- 10,203Employees (provident fund records)
- +5%Revenue CAGR, 3 years
- +27%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Arohan Financial Services Limited are on its company page.
Detailed financial statements for Arohan
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Arohan
5 dated milestones of Arohan across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Arohan is founded.
- Funding First funding round of $1.5M.
- Milestone Reaches Minicorn status.
- Exit Acquired by IntelleCash.
- Funding Latest funding round, Series C, of $24.0M.
Competitors of Arohan
Arohan operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| esafbank.com | 1992 | Thrissur, India | $111.83M | 6,194 | Microfinance banking services are offered in India by ESAF. | |
| satincreditcare.com | 1990 | Delhi, India | $41.25M | 15,350 | Micro loans for businesses are offered by this NBFC. | |
| fincarebank.com | 2007 | Bengaluru, India | $174.84M | 12,894 | Micro-finance bank | |
| bfil.co.in | 1997 | Secunderabad, India | $144.02M | 87,000 | Provider of micro-credit & insurance for low income income individuals and women | |
| svatantramicrofin.com | 2012 | Mumbai, India | $232.92M | 12,482 | Microcredit services are provided to rural women for financial inclusion. | |
| chaitanyaindia.in | 2004 | Bengaluru, India | $13.09M | 11,594 | Micro-credit financing is provided to low-income individuals and businesses. | |
| muthootmicrofin.com | 2010 | Ernakulam, India | $138.19M | 17,665 | Microfinance loans are extended to low-income women entrepreneurs. | |
| spandanaindia.com | 2003 | Hyderabad, India | $192M | 18,646 | Microfinance loans are extended to low-income households for various needs. | |
| asirvadmicrofinance.co.in | 2009 | Chennai, India | $1.75M | 32,159 | Micro loans for consumers are provided by Asirvad Microfinance. |
Detailed competitors of Arohan
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Web traffic of Arohan
The website of Arohan (arohan.in) receives about 29K visits a month.
- Monthly visits29K
▲ 49.3% vs previous month
Websites whose visitors overlap most with Arohan. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| kosamattam.com | 100% | 7.2K | #2,823,566 | View details | |
| asirvadmicrofinance.co.in | 86% | 4.3K | #3,332,447 | View details | |
| endarabe.org.tn | 84% | – | #2,774,104 | View details | |
| expresscomputer.in | 81% | 80.7K | #544,293 | View details | |
| mas.co.in | 55% | 33.9K | #1,251,754 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 12 similar websites and full traffic analytics for Arohan
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Latest news on Arohan
Complete news archive for Arohan
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Arohan
10 companies that operate in the same segment as Arohan (Microfinance), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 111.83 M | USD 474.19 M | 12,520 | |
Micro loans for businesses are offered by this NBFC. | 1990 | Delhi, Delhi, India | USD 41.25 M | USD 310.26 M | 15,190 | |
Provider of microloans | 2010 | Delhi, Delhi, India | – | USD 71.68 M | 12,403 | |
Provider of micro-credit & insurance for low income income individuals and women | 1997 | Secunderabad, Telangana, India | USD 144.02 M | USD 208.71 M | 38,310 | |
Microfinance loans are extended to low-income women entrepreneurs. | 2010 | Ernakulam, Kerala, India | USD 138.19 M | USD 251.96 M | 10,650 | |
Micro loans for consumers are provided by Asirvad Microfinance. | 2009 | Chennai, Tamil Nadu, India | USD 1.75 M | USD 94.88 M | 16,309 | |
Microfinance and banking services are provided to urban poor communities. | 2005 | Bengaluru, Karnataka, India | USD 238.31 M | USD 857.24 M | 24,370 | |
Microcredit services are provided to rural women for financial inclusion. | 2012 | Mumbai, Maharashtra, India | USD 232.92 M | USD 49.44 M | 10,779 | |
Avanti Finance is focused on providing affordable financial services. | 2016 | Bengaluru, Karnataka, India | USD 79.74 M | USD 13.6 M | 87 | |
Microfinance services offering loans to low-income households in India. | 1999 | Bengaluru, Karnataka, India | – | – | – |
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Frequently Asked Questions about Arohan
Arohan was founded in 2006 and raised its 1st funding round 2 years after it was founded.
Arohan is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Arohan is a funded company, having raised a total of $190.2M across 16 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $2.35M, raised on Jul 2008.
Arohan has 10,203 employees.
The primary company behind Arohan, Arohan Financial Services Limited, reported revenue of ₹1,091 Cr for FY 2023, up 19% year on year.
Founded in 2006 and based in Kolkata, India, Arohan operates as a non-banking financial company in the microfinance sector. Credit products such as micro-loans, micro-insurance, and digital lending solutions are offered to support low-income clients and small businesses. Additional services include life and general insurance, alongside non-financial products, with operations focused on underserved markets across India.
Arohan's top competitors include ESAF, Satin Creditcare and Bharat Financial Inclusion.
Arohan offers Saral Micro Enterprise Loan, Cross-Sell Products, and Secondary Products.
Arohan has 39 investors. Key investors include Northern Arc Capital, UTI Mutual Fund, Hinduja Leyland Finance, Mahindra, and Nuveen.
The valuation of Arohan is $343.65M as of Feb 2021.
Arohan operates through Arohan Financial Services Limited.
Yes. Arohan was acquired by IntelleCash in September 2012.