Aryaman Financial Services (AFSL) was incorporated in May '94. The company is classified as a loan company by the RBI under non banking financial companies. AFSL has been promoted by Aryaman Holdings, a company incorporated under the laws of Mauritius. Aryaman Holdings is an overseas corporate body owned by non-resident Indians. The company provides a host of services including merchant banking, advisory services, project consultancy, corporate finance and stock market operations. AFSL is a SEBI-registered category-1 merchant banker. The company has provided computer consultancy services to nationalised banks, government agencies and financial service companies. It has entered into turnkey promotion of high-growth export-oriented manufacturing activities, inland and foreign trade, custodial and depository services, housing finance and international finance.