Arman Financial Services
Arman Financial Services Limited (AFSL) is Gujarat based NBFC (non-banking finance company) was incorporated on November, 1992 as an earstwhile Arman Lease & Finance Ltd by Mr. Alok Prasad & Mr. Jayendra B. Patel. Mr. Alok Prasad is a veteran banker with over 35 years of regulatory, banking, and financial services experience. 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 operates its microfinance business from approximately 55 branches and its two-wheeler business from over five branches are located in Ahmedabad, Anand, Gandhinagar, Kalol, Kadi, Indore , Mehsana, Palanpur, Sabarkantha, Vadodara, Kheda, Sevalia, and Tarapur. 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.
Arman Financial Services Limited provides finance for various models of motorcycles, mopeds, scooterettes and scooters of Hero, Honda, Bajaj, TVS, HMSI, Suzuki, Yamaha and Royal Enfield. AFSL also provides loan for rickshaws. The Company makes investment in information technology infrastructure. The Company's subsidiary is Namra Finance Ltd.
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