Arman Financial Services Ltd
NSE:ARMANFIN
Arman Financial Services Ltd
Arman Financial Services Ltd. is a holding company, which engages in the business of micro-finance. The company is headquartered in Ahmedabad, Gujarat. The firm is a non-banking finance company (NBFC). The company is engaged in the business two-wheeler, micro, small and medium enterprises (MSMEs), and microfinance lending business. The firm operates through the Financing segment. The firm provides finance for various models of motorcycles, mopeds, scooterettes and scooters of Hero, Honda, Bajaj, TVS, HMSI, Suzuki, Yamaha and Royal Enfield. Its total operational branch network is approximately 239, including over 198 in microfinance business, approximately 35 in MSME and over six in a two-wheeler. The Company’s wholly owned subsidiary is Namra Finance Ltd.
Arman Financial Services Ltd. is a holding company, which engages in the business of micro-finance. The company is headquartered in Ahmedabad, Gujarat. The firm is a non-banking finance company (NBFC). The company is engaged in the business two-wheeler, micro, small and medium enterprises (MSMEs), and microfinance lending business. The firm operates through the Financing segment. The firm provides finance for various models of motorcycles, mopeds, scooterettes and scooters of Hero, Honda, Bajaj, TVS, HMSI, Suzuki, Yamaha and Royal Enfield. Its total operational branch network is approximately 239, including over 198 in microfinance business, approximately 35 in MSME and over six in a two-wheeler. The Company’s wholly owned subsidiary is Namra Finance Ltd.
Growth Rebound: Arman reported strong sequential growth, with consolidated AUM up nearly 7% QoQ and disbursements up 30% to INR 612 crores in Q3 FY '26.
Profitability Recovery: Profit after tax rose to INR 22 crores in Q3 FY '26, a 177% sequential increase, driven by improved asset quality and lower impairment costs.
Asset Quality: GNPA improved to 3.4% (down from 4.13% YoY and 3.69% QoQ), with collection efficiencies at 96.3%, reflecting better borrower behavior and recoveries.
Leadership Transition: Aalok Patel steps in as Vice Chairman and MD, and Vivek Modi is appointed Executive Director, signaling a new leadership phase.
Capital & Liquidity: The Board approved raising up to INR 500 crores via NCDs and the company maintains a strong capital adequacy ratio (38.3% standalone, 52.3% subsidiary).
Guidance: Management sees industry growth moderating, targeting about 25% growth in FY '27 and expects continued improvement in asset quality and efficiency.
Product Innovation: New products, including individual microfinance loans and pilot solar loans, are being launched to support future growth and diversification.
