Arman Financial Services Ltd. (India)

Arman Financial Services Ltd. is a non-banking finance company based in Ahmedabad, Gujarat, India. It was originally incorporated on November 26, 1992 as Arman Lease & Finance Ltd. and made its Initial Public Offering (IPO) on August 21, 1995. The company is actively traded on the Mumbai stock exchange. Arman Financial Services Ltd. specializes in two main financial services: two-wheeler and three-wheeler finance, and group-based microfinance offered by its subsidiary, Namra Finance Ltd. The company aims to provide affordable financing options to rural and semi-rural areas, enabling personal mobility and income generation for its customers. In terms of two-wheeler financing, Arman offers flexible schemes to suit the client's requirements. They provide financing for motorcycles, mopeds, scooterettes, and scooters from various brands. The interest rates for this product range from 21% to 30%, and the loan tenure can be up to 36 months. For micro-enterprises, Arman's MSME division offers term loans for income-generating activities. The loan amount can go up to INR 2,50,000, and the loan tenure is up to 24 months. The interest rates for this product range from 24% to 34%. One unique feature of Arman's MSME loan is that the collection takes place in cash at the customer's doorstep, allowing for a personal touch and timely repayments. Arman Financial Services Ltd. follows a conservative and effective underwriting policy and maintains a high asset quality. They have over a decade of lending experience in Western India, serving areas and clients where traditional banks may not provide financial services. The corporate address of Arman Financial Services Ltd. is 502-3-4, Sakar III, Opp. Old High Court, Off. Ashram Road, Ahmedabad - 380 014, Gujarat, India. The company can be contacted at +91 79 4050 7000 or finance@armanindia.com. The registrar and share transfer agent for the company is Bigshare Services Private Limited, located at A/802 Samudra Complex, Nr. Klassic Gold Hotel, Grish Cold Drink, Off C.G. Road, Ahmedabad 380009, Gujarat, India. They can be reached at +91 79 40024135 or bssahd@bigshareonline.com.