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About Arman Financial Services
Arman Financial Services Limited (Arman) is an India-based, non-banking finance company. The Company provides two wheeler, three wheeler financing, inter-corporate deposit (ICD), micro financing and personal financing.
The Company operates through two segments: JLG Microfinance and Asset-backed Microfinance (two-wheeler/three-wheeler financing). Arman`s Micro Finance operations have 14 branches operational all over Gujarat in urban, semi-urban and rural areas.
Arman Financial Services Limited was originally incorporated on November 26, 1992 as an earstwhile Arman Lease & Finance Ltd. The company is a public limited listed company. It issued 28,00,000 Equity shares of Rs. 10 each on August 21, 1995 aggregating to Rs 280 lacs after receiving an overwhelming response from the public for its public issue which was oversubscribed by 7 times in the category of small investor and more than 22 times in case of applicants with application of more than 1000 shares.
The main objects of the company consist of providing a wide spectrum of financial services both Fund based and Non Fund Based activities which includes term loans, collateral free credit, other forms of credits, thrift and savings and insurance. Arman also plans to render financial services to people by acting as intermediary for banks and financial institutions in the cities, towns, villages of India.
During the fiscal year ended March 31, 2010, the Asset-backed Microfinance segment had 5,315 active borrowers, and the portfolio outstanding stood at approximately 2.9 billion. Arman operates all over the Ahmedabad. Its loans sizes are small and are within the repayment capacity of the borrower. They qualify for little higher loan if they repay the first loan. The Company does not have brokers in Micro finance. It only lends to group of ladies where in if one borrower defaults, the whole group is made responsible.
Parent Organisation
Indian Private
Managing Director
Alok Prasad
Founded
1992
NSE Symbol
ARMANFIN
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Arman Financial Services Ltd FAQs
What is the share price of Arman Financial Services Ltd (ARMANFIN) shares?
Arman Financial Services Ltd (ARMANFIN) share price as of October 22, 2024, on NSE is Rs 1487.85 (NSE) and Rs 1487.85 (BSE) on BSE.
Can I buy Arman Financial Services Ltd (ARMANFIN) from Angel One?
Yes, You can buy Arman Financial Services Ltd (ARMANFIN) shares by opening a Demat account with Angel One.
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Arman Financial Services Ltd (ARMANFIN) share can be bought through the following modes:
1. Direct investment: You can buy Arman Financial Services Ltd (ARMANFIN) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Arman Financial Services Ltd (ARMANFIN) shares.
1. Direct investment: You can buy Arman Financial Services Ltd (ARMANFIN) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Arman Financial Services Ltd (ARMANFIN) shares.
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