Arman Financial Services Ltd - ARMAN FINANCIAL Share Price

Summary

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). Armans 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... Read More