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Arman Financial Services Ltd.

BSE: 531179 Sector: Financials
NSE: ARMANFIN ISIN Code: INE109C01017
BSE 00:00 | 16 Sep 888.55 30.00
(3.49%)
OPEN

862.00

HIGH

925.75

LOW

854.40

NSE 00:00 | 16 Sep 888.70 30.55
(3.56%)
OPEN

873.00

HIGH

929.00

LOW

855.00

OPEN 862.00
PREVIOUS CLOSE 858.55
VOLUME 8013
52-Week high 1023.80
52-Week low 487.05
P/E 110.52
Mkt Cap.(Rs cr) 754
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 862.00
CLOSE 858.55
VOLUME 8013
52-Week high 1023.80
52-Week low 487.05
P/E 110.52
Mkt Cap.(Rs cr) 754
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 2800000 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 5315 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.

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