Charting our future with a clear vision, steadfast mission, and core values that guide every step towards excellence and innovation
Aiming to set global benchmarks and evolve into a premier financial services entity, driven by a commitment to achieve sophistication and maturity.
Committed to empowering the underserved, we aim for excellence in all we do, aspiring to exceed stakeholder expectations and be a beacon of trust and quality. Our focus is on growth, innovation, and efficiency, while fostering a culture of respect for individuals, society, and the environment. We champion teamwork, creativity, and integrity, dedicated to making a positive impact on community and nation.
Individually and together, we pledge to uphold our promises, values, and ethical business practices. For our customers, we guarantee high-quality products and services that deliver exceptional value and satisfaction. To society, we are dedicated to enhancing living standards through our commitment to financial inclusion. For our employees, we promise a supportive environment that fosters respect, communication, and opportunities for growth. To our investors, we are devoted to generating value and consistently achieving superior financial performance.
In the realm where dreams and reality merge, Arman Financial Services Limited (ASFL) stands as a beacon of hope, its name echoing 'Aspiration' and 'Wish.' Registered under the watchful eyes of the Reserve Bank of India as a Non-Banking Finance Company – Asset Finance Company (NBFC-AFC), it is here that the aspirations of the rural and semi-rural heartlands find wings through accessible financing. With its sister concerns, including the cherished Namra Finance Ltd, ASFL crafts pathways for personal mobility and economic growth, offering a lifeline of two-wheeler and three-wheeler finance, along with group-based microfinance, to those daring to dream. Namra Finance, a dedicated RBI registered NBFC-Microfinance Institution (MFI), weaves tales of transformation by providing small yet mighty loans, igniting the potential within the underserved, and illuminating paths to prosperity. Over a decade of lending wisdom in Western India's tapestry, Arman carves its niche, reaching where traditional banks tread lightly, its last-mile credit delivery a testament to its unique vision. Born from the seeds of ambition on November 26, 1992, as Arman Lease & Finance Ltd., and blossoming into the public sphere with an IPO on August 21, 1995, that captivated the masses and oversubscribed by 22 times, ASFL dances on the Mumbai Stock Exchange (BSE: 531179), a melody of resilience, empowerment, and hope, playing its part in the grand orchestra of financial inclusion and societal upliftment.
History
"At Arman Financial Services, our core values are the bedrock of our identity, our unique culture sets us apart, and our strategic vision propels us forward. We prioritize our customers, empower our team, and are relentless in our pursuit of innovation."
A Beacon of Financial Empowerment:
Mr. Alok Prasad's Journey of Innovation and Inclusion in Banking
Embarking on a storied journey through the heart of banking and financial regulation, Mr. Alok Prasad emerges as a venerable figure with over three and a half decades of nuanced expertise. His name resonates as a beacon of financial inclusion, bridging the gap between the unbanked and the dynamics of finance. His current role weaves a tapestry of strategic influence, guiding banks and NBFCs with the acumen only a sage like him could wield. Mr. Prasad's legacy is marked by his foundational leadership at the Microfinance Institutions Network (MFIN) from 2010 to 2015, where he not only nurtured but also navigated the microfinance sector through turbulent waters. His tenure at prestigious institutions like the Reserve Bank of India, National Housing Bank, and Citibank underscores a career dedicated to elevating financial frameworks to new heights. A strategist at heart, Mr. Prasad has been instrumental in intertwining the microfinance sector with India's broader financial edifice, championing policy advocacy and integration that have left an indelible mark on the industry. His prowess extends to forging synergies between the corridors of government and the dynamism of the private sector, serving as a pivotal member of various Ministry of Finance committees. In a role that transcended borders, Mr. Prasad also helmed the South Asia Micro-entrepreneurs Network, further solidifying his impact on the region's financial landscape. His career is a testament to a relentless pursuit of financial empowerment, making him a luminary in the realms of banking and finance.
Alok Prasad
Chairman - Independent
Jayendra B Patel
Managing Director and Vice Chairman
From Vision to Reality
Mr. Jayendra Patel's Journey of Transformation and Leadership in the Finance Sector
At the helm of our company stands Mr. Patel, a visionary founder with a rich tapestry of over 25 years at the pinnacle of finance, both as a senior manager and board member. Embarking on an educational and professional journey in the U.S., Mr. Patel honed his expertise with a significant tenure at Kapps Pharmaceuticals Inc., where he showcased his knack for revitalizing struggling entities into profitable ventures. His return to India marked a strategic pivot towards finance, dedicating his prowess to Arman since 1992. A pivotal figure in the financial community, Mr. Patel not only laid the foundations of the Gujarat Finance Companies Association but also actively contributes as its secretary. His sphere of influence extends through notable affiliations, including his role in the Finance and Banking Committee of the Gujarat Chamber of Commerce & Industry and his service as the secretary of the Gujarat Finance Companies Association. Beyond the realms of finance, Mr. Patel's philanthropic spirit shines as the managing trustee of the B. M. Patel Foundation, underscoring his commitment to societal advancement.
Joint Managing Director
From Academic Laurels to Financial Frontiers: Mr. Aalok J. Patel's Journey of Excellence and Innovation in Finance and Accountancy
Director (Independent)
Charting the Course of Financial Integrity: Mr. R.K. Nagpal's Three-Decade Odyssey of Leadership and Innovation in Banking and Finance
Mr. Yash Shah: Navigating the Complexities of Finance with Expertise in Mergers & Acquisitions and Valuations
Director
Aakash J. Patel: Bridging Technology and Strategy with a Decade of Innovation in Business and Computing
Ritaben J. Patel: A Fusion of Economic Insight and Banking Excellence Spanning the Globe
Nominee Director
Mridul Arora: Pioneering the Convergence of Tech and Finance with a Vision for a Healthier, Wealthier Future
Independent Director
Geeta Solanki: Empowering Millions Through Innovation in Women's Health and Hygiene
Meet the Visionaries: Our Management Team combines expertise, innovation, and leadership to steer our journey towards excellence.
Chief Financial Officer
Vivek Modi: Mastering the Art of Finance with Over Two Decades of Diverse Industry Leadership
Group Head - HR
Saravanan Jaichandran: Navigating the Human Side of Business with 27 Years of HR Leadership and a Heart for Family and Knowledge
Product Head - MSME & RURAL TW
Mahendar Pinninti: Empowering Rural and MSME Finance with Over a Decade of Dedicated Leadership and Nationwide Impact
Head IT Planning & Strategy
Manoj Jha: Spearheading IT Innovation with a Blend of Strategic Vision and Technical Expertise for Over 14 Years
Company Secretary & compliance officer
Jaimish Patel: Ensuring Excellence and Integrity in Compliance and Governance at Arman
Chief Accountant
Atul Patel: Mastering the Art of Financial Stewardship and Strategic Insights as Chief Accountant
Head Operation – VEHICLE FINANCE
Driving excellence in Vehicle Finance with two decades of innovation and leadership
Vehicle Finance Collections Head
Prashant Modi: Navigating the Course of Vehicle Finance Collections with Two Decades of Expertise and Integrity
Management Information Systems Head
Kamlesh Garg: Mastering the Art of MIS and Credit with 18+ Years of Strategic Insights and Exceptional Leadership
Internal Audit Head
Nitesh Mishra: Guiding Financial Integrity and Excellence Through Two Decades of Expertise in Internal Audit and Risk Management
Credit Head
Nagesh Kumar Goudelly: Charting the Path to Financial Inclusion with 18 Years of Expertise in Credit Management
