Arman Financial Services Limited is an Indian non-banking finance company that offers two-wheeler, three-wheeler financing, inter-corporate deposits, microfinancing, and personal financing. The company operates primarily through two segments: JLG Microfinance and Asset-backed Microfinance, with a focus on the urban, semi-urban, and rural areas of Gujarat. Established in 1992 and publicly listed since 1995, Arman has expanded its microfinance operations through its wholly-owned subsidiary, Namra Finance Limited. This subsidiary became the first company in India to receive an 'NBFC-MFI' license.
Arman Financial emphasizes providing financial services, including term loans and collateral-free credit. It operates without brokers, lending to groups of women who collectively ensure repayment. The company expanded its microfinance operations to Uttar Pradesh and Maharashtra in 2016-17, further broadening its reach in India. Arman’s offerings are designed to be within the repayment capacity of borrowers, promoting financial inclusion.
