Arman Financial Services Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
- Paid Up Capital ₹ 10.49 Cr
- Company Age 32 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 364.91 Cr
- Satisfied Charges ₹ 614.82 Cr
- Revenue Growth 45.19%
- Profit Growth 74.70%
- Ebitda 74.13%
- Net Worth 62.72%
- Total Assets 73.34%
About Arman Financial Services
Arman Financial Services Limited (AFSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 26 November 1992 and has a history of 32 years and six months. Its registered office is in Ahmedabad, Gujarat, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 531179 and on the National Stock Exchange(NSE) under ARMANFIN.
The Corporate was formerly known as Arman Lease And Finance Limited. The Company is engaged in the Financial Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 15.00 Cr and a paid-up capital of Rs 10.49 Cr.
The company currently has active open charges totaling ₹364.91 Cr. The company has closed loans amounting to ₹614.82 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Arman Financial Services Limited India are Vivek Modi as CFO and Jaimish Patel as Company Secretary. Pinakin Shah, Jayendrabhai Patel, Ritaben Patel, and Five other members serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
Financial Services
What products or services does Arman Financial Services Limited offer?
Arman Financial Services Limited offers a wide range of products and services, including Vehicle Loan, Two Wheeler Loan, Personal Loan, Unsecured Personal Loans, Charity & Non Profit Organizations, Welfare Organization Services, Banks and Banking Services, Banking Service.
Arman Financial Services Limited
Explore comprehensive data for Arman Financial Services Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Arman Financial Services?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Jayendrabhai Patel  | Managing Director | 28-Aug-1995 | Current |
| Aalok Patel | Managing Director | 30-Jan-2007 | Current |
| Vivek Modi | CFO | 26-May-2018 | Current |
| Jaimish Patel | Company Secretary | 01-Mar-2016 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Geeta Solanki | Director | 01-Apr-2020 | Current |
Aakash Patel  | Director | 24-Oct-2000 | Current |
| Pinakin Shah | Director | 24-Aug-2024 | Current |
| Ritaben Patel | Director | 26-Nov-1992 | Current |
| Alok Prasad | Director | 01-Aug-2018 | Current |
| Yash Shah | Director | 02-Sep-2021 | Current |
Financial Performance of Arman Financial Services.
Arman Financial Services Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 45.19% increase. The company also saw a substantial improvement in profitability, with a 74.7% increase in profit. The company's net worth Soared by an impressive increase of 62.72%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Arman Financial Services?
In 2023, Arman Financial Services had a promoter holding of 27.31% and a public holding of 72.69%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Unipads India Private LimitedGeeta Solanki is a mutual person
Restile Ceramics LimitedYash Shah is a mutual person
Namra Finance LimitedPinakin Shah, Jayendrabhai Patel and 2 more are mutual person
Muthoot Microfin LimitedAlok Prasad is a mutual person
Digital Lenders Association Of IndiaAlok Prasad is a mutual person
Brady And Morris Engineering Company LimitedYash Shah is a mutual person
Charges (Loans)
Open Charges
₹364.91 Cr
Satisfied Charges
₹614.82 Cr
Charges Breakdown by Lending Institutions
- Others : 286.23 Cr
- Idbi Trusteeship Services Limited : 78.68 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jul 2024 | Others | ₹10.00 Cr | Open |
| 25 Jun 2024 | Others | ₹15.00 Cr | Open |
| 23 Apr 2024 | Others | ₹20.00 Cr | Open |
| 19 Apr 2024 | Idbi Trusteeship Services Limited | ₹49.80 Cr | Open |
| 16 Apr 2024 | Others | ₹10.00 Cr | Open |
How Many Employees Work at Arman Financial Services?
Arman Financial Services has a workforce of 765 employees as of Mar 31, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
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.
Alerts
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.
Latest Updates, News, and FAQs on Arman Financial Services
Recent activity within the organization
- Annual General Meeting
Arman Financial Services Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
- Director Appointment
Pinakin Surendra Shah was appointed as a Director was appointed as a Director on 24 Aug 2024 & has been associated with this company since 9 months 2 days .
- Charges
A charge registered on 22 May 2023 via Charge ID 100725125 with Others was fully satisfied on 16 Aug 2024.
- Charges
A charge registered on 23 Jan 2023 via Charge ID 100674800 with Others was fully satisfied on 12 Aug 2024.
- Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100970922 was registered on 29 Jul 2024.
- Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100938013 was registered on 25 Jun 2024.
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 26.05.2018. Aalok Patel now Executive Director. #promotions #newboss #excitingchanges.
- 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 two-wheeler, 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, they're focused on disrupting the rural financial inclusion space. Plus, SAIF has a great track record of helping small companies grow. #FinancialGoals #RuralFinance #SAIFpartners.
Frequently asked questions
What is the Incorporation or founding date of Arman Financial Services Limited?
Arman Financial Services Limited was incorporated on 26 Nov 1992.
What is authorized share capital and paid-up capital of Arman Financial Services Limited?
The authorized share capital of Arman Financial Services Limited is ₹ 15.00 Cr and paid-up capital is ₹ 10.49 Cr.
Who are the current board members & directors of Arman Financial Services Limited?
Currently 10 directors are associated with Arman Financial Services Limited.
- Pinakin Surendra Shah
- Jayendrabhai Bhailalbhai Patel
- Ritaben Jayendrabhai Patel
- Alok Prasad
- Aalok Jayendra Patel
- Aakash Jayendra Patel
- Geeta Haresh Solanki
- Vivek Arun Modi
- Jaimish Govindbhai Patel
- Yash Kaushik Shah
What is the registered address of Arman Financial Services Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Arman Financial Services Limited is 502-503 Sakar-Iiiopp High Court Off Ashram Road India, Ahmedabad, Gujarat, 380014.
What is the corporate identification number (CIN) and company number of Arman Financial Services Limited?
The corporate identification number (CIN) of Arman Financial Services Limited is L55910GJ1992PLC018623 and the company number is 018623 as per Ministry of Corporate Affairs (MCA).
Is Arman Financial Services Limited registered with any stock exchange in India?
Yes, Arman Financial Services Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): ARMANFIN.
What is the official website of Arman Financial Services Limited?
The Official website of Arman Financial Services Limited is https://www.armanindia.com
What has been the recent revenue trend for Arman Financial Services Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Arman Financial Services Limited has risen by 45.19%.
How many employees does Arman Financial Services Limited currently have?
As Per 2023 financial reports, 765 employees are currently employed by Arman Financial Services Limited.
What change has been observed in the net worth of Arman Financial Services Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Arman Financial Services Limited has experienced an upsurge of 62.72%.
What are the total open charges for Arman Financial Services Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Arman Financial Services Limited amount to ₹ 364.91 Cr.
When was the last Balance Sheet of Arman Financial Services Limited filed with the ROC?
The most recent Balance Sheet for Arman Financial Services Limited was filed with the ROC on 31 Mar 2024.
Unlock Business Insights – Explore Instantly!
Search company & director profiles for free and gain access to critical business data.
- 3.1M+ Companies
- 15M+ Legal Cases
- 525K+ Credit Ratings
- 5.8M+ Directors & KMP
- 750K+ Regulatory Alerts
- 1.1M+ Companies' Financial Records
People also Viewed
Mridul AroraNominee DirectorAM
Amit MankiwalaWholetime DirectorNT
Nilesh TrivediDirectorKS
Kaushik ShahDirectorRN
Ramakant NagpalDirectorCS
Chinubhai ShahDirectorLS
Lokesh SinghDirectorAB
Aditya BhandariDirector
Similar Companies Based on NBFC
Tata Capital Limited Mumbai, Maharashtra, India
Shriram Finance Limited Chennai, Tamil Nadu, India
Indian Railway Finance Corporation Limited South West Delhi, Delhi, India
Power Finance Corporation Limited New Delhi, India
Sbi Cards And Payment Services Limited Delhi, India
Mahindra And Mahindra Financial Services Limited Mumbai, Maharashtra, India
Cholamandalam Investment And Finance Company Limited Chennai, Tamil Nadu, India
Bajaj Finance Limited Pune, Maharashtra, India