You are here » Home » Companies » Company Overview » Arman Financial Services Ltd

Arman Financial Services Ltd.

BSE: 531179 Sector: Financials
NSE: ARMANFIN ISIN Code: INE109C01017
BSE LIVE 15:40 | 30 Mar 189.50 -0.95
(-0.50%)
OPEN

190.00

HIGH

193.05

LOW

187.25

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 190.00
PREVIOUS CLOSE 190.45
VOLUME 1815
52-Week high 325.00
52-Week low 135.00
P/E 47.61
Mkt Cap.(Rs cr) 131.13
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 190.00
CLOSE 190.45
VOLUME 1815
52-Week high 325.00
52-Week low 135.00
P/E 47.61
Mkt Cap.(Rs cr) 131.13
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Arman Financial Services Ltd. (ARMANFIN) - Company History

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.