Arman Financial Services Limited

Arman Financial Services Ltd is a diversified non-banking financial company (NBFC) headquartered in Ahmedabad, India. Established in 1992, the company primarily caters to underserved segments of the Indian population, focusing on microfinance, two-wheeler loans, and MSME financing. Through its subsidiaries and brands, Arman Financial has developed an extensive presence across rural and semi-urban geographies in multiple states, targeting low-income and self-employed borrowers with minimal access to mainstream finance.

The company has built a robust network of branches and field staff, leveraging technology and data-driven underwriting processes to improve outreach and risk management. As of the latest annual and investor disclosures for FY2023–24, Arman Financial has demonstrated sustained growth in assets under management and customer base while maintaining stringent portfolio quality—even amidst changing regulatory landscapes and macroeconomic cycles.