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People are Arman’s biggest and most admired assets. A detailed organizational structure and profile of Board and Senior Management is given in this section. |
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Organisational structure |
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Arman at the Head Office has Managing Director supported by whole time Director; Head (collections), Head (Legal affairs and Company Secretary), Head (Marketing and Business Development) and Head (Accounts).
Click to check our head office structure |
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| Governing Board |
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Arman has an eight-member Board. All the Board members are well qualified and experienced professionals. Four of the Board members including the Chairman, are independent directors. The Chairman, Shri Chinubhai Shah, has 37 years of experience in corporate sector. He was the president of Gujarat Chamber of Commerce Industry and was a guest faculty for courses in law and management to various universities and institutes of repute includingGujarat University and IIM, Ahmedabad. He shows keen interest in the area of corporate governance and is presently the president of Gujarat Investors’ and Shareholders’ Association. He plays his role in the Investors’ Grievance Committee and Audit Committee of Arman too |
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| Mr. Chinubhai R. Shah |
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| Designation |
Chairman |
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| Qualification |
M. A. LL.M. (Gold Medalist), DLP, DTP, Life Fellow AIMA |
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| Experience |
More than 30 years of Senior Managerial and Board level experience in the corporate sector finally ending with M.D. position at the Ahmedabad Electricity Co. Ltd. Served as Professor of Law & Management at Gujarat University and Indian Institute of Management, Ahmedabad, for more than 25 years Guest Lecturer at ASCI, Hyderabad, MDI, New Delhi, AIMA, New Delhi as well as to many other institutions for than two decades, in the subjects of corporate laws, joint ventures, foreign collaborations and capital market. Mr. C. R. Shah is on the Board of many reputed Companies of India like Nirma Ltd., Adani Export Ltd., Meghmani Organics Ltd., Gujarat NRE Coke Ltd., H.K. Finechem Ltd., Tinplate Company of India Ltd. (Tata Company), Cadila Pharma Ltd. etc. |
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| His Affiliations |
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Member, Board of Governors of Indian Institute of Management, Ahmedabad [1992-97] |
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President, Gujarat Chamber of Commerce & Industry, Ahmedabad [2004-05] |
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President, All India Management Association, New Delhi [1991-92] |
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President, The Institute of Company Secretaries of India, New Delhi [1977-79] |
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President, The Gujarat Investors’ & Shareholders’ Association [1988-97 and from October 1999 onwards] |
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Member, Primary Market Advisory Committee, SEBI, Bombay [1992-2003] |
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Member, Western Regional Committee, IDBI, Bombay [1997-99] |
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Member of Direct Taxes Advisory Committee, Ministry of Finance, New Delhi [1992-93] |
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| His Interest |
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Has written a number of Articles on Law, General Management and Economic Subjects Contributes a regular column titled “Law and Society” in Gujarat Samachar, No. 1 language daily in Gujarat. |
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Travelled throughout world, lead Indian delegations to International Conferences in Hong Kong and London. |
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Mr. C. R. Shah is on the Board of many reputed Companies of India like Adani Power Ltd., Apollo Hospital International Ltd., Cadila Pharmaceuticals Ltd., Doshion Ltd., GSEC Ltd., Gujarat NRE Coke Ltd., Gulmahor Green-Golf & Country Club Ltd., H.K. Finechem Ltd., |
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India Renal Foundation, Meghmani Organics Ltd., Nirma Ltd., Saline Area Vitalization Enterprise Ltd., Tinplate Company of India Ltd., etc. |
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| Mr. Jayendra B. Patel |
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| Designation |
Managing Director, Vice Chairman |
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| Qualification |
B. Sc. |
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| Experience |
Mr. Patel is the founder of the company and he has more than 20 years of Senior Managerial and board level experience in the corporate sector. Mr. Patel was in U.S.A. for a decade where he completed his education. After completing his education he joined business firm in USA namely KAPPS PHARMACEUTICALS INC. as Company Executive. During his stay in USA he successfully turned around two sick units into profitable position. Later he returned to India to concentrate and expand in the field of finance, he devoted fulltime attention to earstwhile ARMAN LEASE AND FINANCE LIMITED. Mr. Patel is a founder member of the Gujarat Finance companies Association and presently secretary of the Association. |
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| His Affiliations |
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Mr. Jayendra Patel was Member of the Finance and Banking Committee of Gujarat Chamber of Commerce & Industry (GCCI), Ahmedabad. |
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He is the secretary of Gujarat Finance Companies Association. |
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Managing trustee of B. M. Patel Foundation |
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| Mr. Amit R. Manakiwala |
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| Designation |
Director |
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| Qualification |
B.Com |
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| Experience |
More than 20 years of Senior Managerial and board level experience in the corporate sector |
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| Mr. Kaushikbhai D. Shah |
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| Designation |
Director |
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| Qualification |
B. COM. LL.B., F.C.A |
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| Experience |
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More than 30 years as Practicing Chartered Accountant. Expert in the Field of Accounts, Taxation, Corporate Laws and Audit |
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Chairman of Ahmedabad branch I.C.A.I. for 86-87 & 87-88 and elected member of W.I.R.C. for 88 to 91 |
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Visiting faculty in H.L. College of Commerce |
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Vice Chairman of the Western India Regional Council of the I.C.A.I. for the year 1989-90 |
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President – All Gujarat Federation of Tax Consultants for year 99-2000 |
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Member of the Executive Committee of Gujarat Chamber of Commerce & Industries for the year 99-2000. |
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Chairman of Taxation Committee of Gujarat Chamber of Commerce and Industries for the year 99-2000 to 2004-05 |
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Treasurer Cum Joint Secretary of Gujarat Chamber of Commerce and Industries for year 2005-06 |
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Addressed Seminars and conference on Topics of Accounts and Audit & Taxation |
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Written Articles in Journal of Chartered Accountants Association, Ahmedabad |
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Trustee of the Sadanand Trust, Ahmedabad and India Foundation & India Service Centre, U.S.A. The Sadanand Trust is actively engaged in social activities all over India and undertakes various activities of flood, famine, draught relief etc. |
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Written Book – “Controversies in Direct Tax Laws” – Published by Taxman of Delhi |
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| Mr. Aakash J. Patel |
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| Designation |
Director |
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B. A. in Computer Science, B. A. in Business Management, MBA from very reputed university from Boston-USA and at present working with world renowned consulting firm called Deloitte Consulting. |
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| Mr. Lokesh Kumar Singh- Director |
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Lokesh singh is Co-founder & Managing Partner of Sanchetna Financial Services P.Ltd., based in Lucknow, UP, India. He is a Chemical Engineer from HBTI, Kanpur & PGDRM from IRMA. He has got over four years of professional experience in different fields. He worked in SKS Microfinance P.LTD.(India’s largest NBFC-MFI) for over 3 years & was part of its core leadership team when the organization was undergoing pan India expansion. Lokesh spearheaded the expansion in Karnataka, Maharashtra, UP, Rajasthan, Jharkhand, Bihar, Chattisgarh, Orissa, Delhi, Uttarakhand & West Bengal. During this period, he also built a team (MBAs from India’s leading management institute) from scratch. Having set up the business for SKS in UP, he is the ideal person to ensure laying a strong foundation for SAMRIDHI. He has the requisite experience, skills & Knowledge of area in terms of the demographics, socio economic status and functioning of various Microfinance organizations in UP. |
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| Mr. Aalok J. Patel |
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| Designation |
Director |
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| Qualification |
MS., Accounting & Finance, USA Certified Public Accountant (U.S.A) |
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| Experience |
Mr. Aalok Patel brings a vast array of new and innovative knowledge to the board. In India, he completed his schooling in Lawrence School, Sanawar and continued his higher education in the U.S. at Dake University. At Drake, Mr. Patel graduated with Honors in the top 5% trench of his class with a Bachelors and a Masters Degree in Accountancy & Finance. He is a licensed Certified Public Accountant (CPA) in the U.S. and actively pursuing the Certified Financial Analyst (CFA) designation. Currently Mr. Patel is an independent auditor working for KPMG, one of the largest and most reputable accounting firms in the world. His two main clients are included in the Fortune 100 list. He also brings experience as a Project Manager from John Deere & Co. Furthermore, Mr. Patel excels to equity analysis and valuation as well; his research has been quoted in reputable business journals in the U.S. His comprehension of Financial and Accounting concepts are invaluable to the Company. In his spare time, Mr. Patel enjoys traveling and reading. Mr. Patel will be joining the management team of Arman shortly. |
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| Smt. Ritaben J. Patel |
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Director |
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B. A. in Econimics |
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| Human Resources |
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Arman has a well-qualified and trained team of staff at all levels. The list below shows the qualification of senior management of Arman: |
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| Mr. Jayendra B. Patel |
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Managing Director, Vice Chairman |
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| Qualification |
B. Sc. |
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| Experience |
More than 20 years of Senior Managerial and board level experience in the corporate sector. Mr. Patel was in U.S.A. for a decade where he completed his education. After completing his education he joined business firm in USA namely KAPPS PHARMACEUTICALS INC. as Company Executive. During his stay in USA he successfully turned around two sick units into profitable position. Later he returned to India to concentrate and expand in the field of finance, he devoted fulltime attention to earstwhile ARMAN LEASE AND FINANCE LIMITED.
Mr. Jayendra Patel was Member of the Finance and Banking Committee of Gujarat Chamber of Commerce & Industry (GCCI), Ahmedabad.
Mr.Patel is founder member of The Gujarat Finance companies Association and presently he is a secretary of the Association.
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| Mr. Amit R. Manakiwala |
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| Designation |
Director |
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| Qualification |
B.Com |
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| Experience |
More than 20 years of Senior Managerial and board level experience in the corporate sector |
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| Mr. B. J. Vaghela |
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Company Secretary |
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| Qualification |
B.com, AICWA, FCS |
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| Experience |
More than 20 years of experience as Company Secretary |
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| Mr. R. B. Agrawal |
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Head (Marketing and Business Development) |
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B.Com, CA |
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More than 10 years of corporate experience |
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| Mr, Gaurav Jethwa |
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| Designation |
Head Microfinance (JLG) |
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| Qualification |
Post Graduate Diploma in Rural Management. |
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| Experience |
Divisional Manager for 4 years at a MFL spandana sphoorthy in Orissa |
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| Mr. Atul M. Patel |
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| Designation |
Chief Accountant |
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| Qualification |
B.Com |
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More than 15 years of experience in Accounts and Auditing. |
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| Mr Prashant Modi |
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| Designation |
Manager Collection |
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| Qualification |
B.Com |
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| Experience |
than 8 years of experience in soft and hard collection. |
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For its core microfinance programme, Arman has in place its own operation’s team. For the back office jobs including accounting and fund raising the same team would function. Arman has recruited a senior microfinance professional with more than 6 years of experience in group based microfinance lending in eastern India. The organization has also hired the services of two microfinance consultants experienced in both microfinance operations and well as strategy formulation. |
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