Arman Financial Services Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
- Paid Up Capital ₹ 10.49 Cr
- Company Age 32 Year, 2 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 two 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
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.
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
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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)
₹364.91 Cr
₹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.
