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Vision |
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To attain global best practices and become a world-class financial services enterprise – guided by its purpose to move towards greater degree of sophistication and maturity. |
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| Mission |
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 To work with vigor, dedication and innovation to achieve excellence in service, quality, reliability, safety and customer care as the ultimate goal. |
To earn the trust and confidence of all stakeholders, exceeding their expectations and make the
company a respected household name |
| To consistently achieve high growth with the highest levels of productivity. |
| To be a technology driven, efficient and financially sound organization |
| To contribute towards community development and nation building |
To be a responsible corporate citizen nurturing human values and concern for society, the environment
and above all the people |
To promote a work culture that fosters individual growth, team spirit and creativity to overcome
challenge and attain goals |
| To encourage ideas, talent and value systems. |
To uphold the guiding principles of trust, integrity and transparency in all aspects of interactions and
dealings. |
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Objective |
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To provide micro finance services such as credit, savings and insurance to low income individuals or households with the goal of creating social values and also assist them with loans of two wheeler and three wheelers for income generating activities. |
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Overview |
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ARMAN FINANCIAL SERVICES LIMITED was originally incorporated on 26th November, 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 21st August, 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.
The purpose of rendering microfinance services may include :
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Agricultural development, irrigation, watershed development, crop cultivation, plantation, horticulture, forestry, animal husbandry and allied activities, such as dairy, poultry, fishery, aqua culture and
floriculture). |
Enterprise development which may include, agro-processing, handicrafts, construction, trade and distribution, transport, and services of all kinds. |
| Market development including facilities for storage, trading and transport for such inputs and outputs. |
Housing development which includes, purchase, construction upgradation, extension and modification of buildings and infrastructure for residential, agricultural, commercial or industrial purposes but exclusively targeted to the poor men and women in generation and enhancement of livelihoods in India. |
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Arman has rich experience in two and three wheeler segment with all it’s clientele based in Ahmedabad. The company has a database of 20,000 clients with proven credit worthiness which is advantageous for a personal loan or a repeat vehicle loan.
The Company was originally rated by ICRA, the noted rating agency and it was assigned credit rating of `7’ which was indicative of safe borrowing from the Bank.
The company has been rated 4 different times by noted rating agency called M-Cril and company has each time received Alpha Minus which is an investment grade. The last time in March 2009 the company received even Alpha for its financial performance.
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