Indian Company Master Data Made Simple
Arman Financial Services Limited
Established in 1992, Arman Financial Services Limited has 33 years of operational experience. The company’s Corporate Identification Number is L55910GJ1992PLC018623; registration no. 18623. It falls under the category of company limited by shares. The firm’s authorized share capital totals ₹15.00 crore. This company’s paid-up capital is valued at ₹10.49 crore.
Mainly engaged in hotels and restaurants. Its registered office is located in Ahmedabad. The official address of incorporation is 502-503 Sakar-iiiopp High Court Off Ashram Road, Ahmedabad, Gujarat, India, 380014. Currently, the company’s operational status is active. The company’s Permanent Account Number (PAN) is AABCA3165E. Arman Financial Services Limited is identified globally under LEI 335800YHQ1DBJH9K8G97. The company’s official contact email is finance@armanindia.com. The company’s top executive team comprises Vivek Arun Modi (CFO).
Company Overview
- CIN
- Date of Incorporation
- 25/11/1992
- Company Status
- Active
- RoC
- Ahmedabad
- Registration Number
- Balance sheet date
- 31/03/2024
- Company Category
- Company limited by shares
- Company Sub Category
- Non-government company
- Listed in Stock Exchange
- Yes
- Class of Company
- Public Limited Company
- LEI Number
- LEI Status
- Issued
- Authorized Capital
- ₹15,00,00,000.00
- Paid up Capital
- ₹10,49,05,380.00
- Activity
- HOTELS AND RESTAURANTS
- finance@armanindia.com
- PAN
GST Numbers
| State | GST Number | Status |
|---|---|---|
| Gujarat | 24AABCA3165E1Z7 | Active |
| Madhya Pradesh | 23AABCA3165E1Z9 | Active |
| Maharashtra | 27AABCA3165E1Z1 | Active |
| Rajasthan | 08AABCA3165E1Z1 | Active |
| Telangana | 36AABCA3165E1Z2 | Active |
| Uttar Pradesh | 09AABCA3165E1ZZ | Active |
| Uttarakhand | 05AABCA3165E1Z7 | Active |
ISIN Numbers
| ISIN | Security | Interest Rate | Maturity Date | FISN | CFI |
|---|---|---|---|---|---|
| INE109C07113 | ARMAN FINANCIAL SERVICES LIMITED 11.1 NCD 01JL30 FVRS1LAC | 11.1% | 01/07/2030 | ARMAN FIN SER/11.1 DEB SECD | DBFSAN |
| INE109C07147 | ARMAN FINANCIAL SERVICES LIMITED 10.90 NCD 25SP28 FVRS10000 | 10.9% | 25/09/2028 | ARMAN FIN SER/10.9 DEB SNR | DBFSAN |
| INE109C07139 | ARMAN FINANCIAL SERVICES LIMITED 11.35 NCD 29JL28 FVRS10000 | 11.35% | 29/07/2028 | ARMAN FIN SER/11.35 DEB SNR | DBFSAN |
| INE109C07105 | ARMAN FINANCIAL SERVICES LIMITED 11.4 NCD 05JU28 FVRS58335 | 11.4% | 05/06/2028 | ARMAN FIN SER/11.4 DEB SNR | DBFSAN |
| INE109C07121 | ARMAN FINANCIAL SERVICES LIMITED 11.35 NCD 05DC27 FVRS10000 | 11.35% | 05/12/2027 | ARMAN FIN SER/11.35 DEB SECD | DBFSFN |
| INE109C01017 | ARMAN FINANCIAL SERVICES LIMITED EQ | - | 12/10/2026 | ARMAN FIN SER/SH VTG | ESVUFN |
| IN8109C01016 | ARMAN FINANCIAL SERVICES LIMITED EQ LISTING/TRADING APPROVAL AWAITED | - | 12/10/2026 | ARMAN FIN SER/SH VTG | ESVUFN |
Balance Sheet
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 | 31/03/2020 | 31/03/2019 |
|---|---|---|---|---|---|---|---|
| Net PPE | ₹3,398.78L | ₹3,093.96L | ₹736.83L | ₹576.30L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Debt | ₹1,68,793.93L | ₹1,16,457.02L | ₹1,60,633.71L | ₹1,57,819.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Gross PPE | ₹4,186.84L | ₹3,124.16L | ₹1,199.59L | ₹1,085.70L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Debt | ₹1,77,572.25L | ₹1,23,232.05L | ₹1,72,492.75L | ₹1,60,441.11L | ₹0.00L | ₹0.00L | ₹0.00L |
| Common Stock | ₹1,051.29L | ₹1,049.05L | ₹1,047.68L | ₹849.23L | ₹0.00L | ₹0.00L | ₹0.00L |
| Current Debt | ₹82,376.75L | ₹0.00L | ₹1,10,252.67L | ₹93,223.44L | ₹64,865.50L | ₹0.00L | ₹0.00L |
| Share Issued | ₹105.13L | ₹104.91L | ₹104.77L | ₹84.92L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Assets | ₹2,79,781.02L | ₹2,22,731.65L | ₹2,63,505.73L | ₹2,03,816.41L | ₹0.00L | ₹0.00L | ₹0.00L |
| Capital Stock | ₹1,051.29L | ₹1,049.05L | ₹1,047.68L | ₹849.23L | ₹0.00L | ₹0.00L | ₹0.00L |
| Long Term Debt | ₹95,195.50L | ₹37,601.81L | ₹62,240.08L | ₹67,217.67L | ₹0.00L | ₹0.00L | ₹0.00L |
| Current Assets | ₹1,81,094.15L | ₹1,64,404.90L | ₹2,21,124.45L | ₹1,63,308.84L | ₹0.00L | ₹0.00L | ₹0.00L |
| Prepaid Assets | ₹458.74L | ₹0.00L | ₹246.27L | ₹120.49L | ₹112.89L | ₹0.00L | ₹0.00L |
| Working Capital | ₹90,234.77L | ₹2,08,381.94L | ₹1,01,504.64L | ₹63,687.57L | ₹0.00L | ₹0.00L | ₹0.00L |
| Invested Capital | ₹2,70,905.47L | ₹2,10,673.38L | ₹2,53,761.31L | ₹1,97,010.16L | ₹0.00L | ₹0.00L | ₹0.00L |
| Other Properties | ₹407.23L | ₹255.44L | ₹255.44L | ₹179.40L | ₹0.00L | ₹0.00L | ₹0.00L |
| Retained Earnings | ₹40,444.91L | ₹35,866.38L | ₹31,691.06L | ₹17,869.78L | ₹0.00L | ₹0.00L | ₹0.00L |
| Common Stock Equity | ₹93,333.22L | ₹87,441.32L | ₹81,268.56L | ₹36,569.05L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Tangible Assets | ₹93,313.92L | ₹87,411.12L | ₹81,239.27L | ₹36,535.01L | ₹0.00L | ₹0.00L | ₹0.00L |
| Tangible Book Value | ₹93,313.92L | ₹87,411.12L | ₹81,239.27L | ₹36,535.01L | ₹0.00L | ₹0.00L | ₹0.00L |
| Current Liabilities | ₹90,859.38L | ₹97,481.81L | ₹1,19,619.81L | ₹99,621.27L | ₹0.00L | ₹0.00L | ₹0.00L |
| Long Term Provisions | ₹573.24L | ₹321.74L | ₹258.88L | ₹199.71L | ₹0.00L | ₹0.00L | ₹0.00L |
| Stockholders Equity | ₹93,333.22L | ₹87,441.33L | ₹81,268.56L | ₹36,569.05L | ₹0.00L | ₹0.00L | ₹0.00L |
| Other Equity Interest | ₹1,184.43L | ₹86,392.28L | ₹657.27L | ₹6,406.81L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Capitalization | ₹1,88,528.72L | ₹2,10,673.38L | ₹1,43,508.64L | ₹1,03,786.72L | ₹0.00L | ₹0.00L | ₹0.00L |
| Ordinary Shares Number | ₹105.13L | ₹104.91L | ₹104.77L | ₹84.92L | ₹0.00L | ₹0.00L | ₹0.00L |
| Other Intangible Assets | ₹19.30L | ₹0.00L | ₹29.29L | ₹34.04L | ₹37.96L | ₹0.00L | ₹0.00L |
| Other Non Current Assets | ₹481.93L | ₹248.62L | ₹246.27L | ₹120.49L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Non Current Assets | ₹98,686.85L | ₹14,023.22L | ₹42,381.30L | ₹40,507.55L | ₹0.00L | ₹0.00L | ₹0.00L |
| Cash And Cash Equivalents | ₹8,778.32L | ₹6,775.03L | ₹11,859.04L | ₹2,622.11L | ₹0.00L | ₹0.00L | ₹0.00L |
| Construction In Progress | ₹256.14L | ₹19.62L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Accumulated Depreciation | -₹788.06L | -₹630.73L | -₹462.76L | -₹509.40L | ₹0.00L | ₹0.00L | ₹0.00L |
| Additional Paid In Capital | ₹40,043.07L | ₹0.00L | ₹39,225.40L | ₹6,903.37L | ₹6,897.96L | ₹0.00L | ₹0.00L |
| Other Short Term Investments | ₹40,649.43L | ₹33,566.96L | ₹41,310.56L | ₹42,650.63L | ₹0.00L | ₹0.00L | ₹0.00L |
| Other Non Current Liabilities | ₹340.04L | ₹262.83L | ₹0.03L | ₹355.70L | ₹0.00L | ₹0.00L | ₹0.00L |
| Machinery Furniture Equipment | ₹1,036.44L | ₹962.59L | ₹807.76L | ₹769.91L | ₹0.00L | ₹0.00L | ₹0.00L |
| Goodwill And Other Intangible Assets | ₹19.30L | ₹30.20L | ₹29.29L | ₹34.04L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Equity Gross Minority Interest | ₹93,333.22L | ₹87,441.33L | ₹81,268.56L | ₹36,569.05L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Liabilities Net Minority Interest | ₹1,86,447.80L | ₹1,35,290.33L | ₹1,82,237.17L | ₹1,67,247.36L | ₹0.00L | ₹0.00L | ₹0.00L |
| Current Debt And Capital Lease Obligation | ₹82,376.75L | ₹85,630.24L | ₹1,10,252.67L | ₹93,223.44L | ₹0.00L | ₹0.00L | ₹0.00L |
| Long Term Debt And Capital Lease Obligation | ₹95,195.50L | ₹1,23,232.05L | ₹62,240.08L | ₹67,217.67L | ₹0.00L | ₹0.00L | ₹0.00L |
| Cash Cash Equivalents And Short Term Investments | ₹49,427.75L | ₹40,341.99L | ₹53,169.60L | ₹45,272.74L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Non Current Liabilities Net Minority Interest | ₹95,588.42L | ₹37,808.52L | ₹62,617.36L | ₹67,626.09L | ₹0.00L | ₹0.00L | ₹0.00L |
Cash Flow
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 | 31/03/2020 | 31/03/2019 |
|---|---|---|---|---|---|---|---|
| Free Cash Flow | -₹47,951.22L | ₹46,744.35L | -₹30,477.85L | -₹72,002.19L | ₹0.00L | ₹0.00L | ₹0.00L |
| Changes In Cash | ₹2,003.28L | -₹5,084.01L | ₹9,236.93L | -₹4,930.65L | ₹0.00L | ₹0.00L | ₹0.00L |
| End Cash Position | ₹8,778.32L | ₹6,775.03L | ₹11,859.04L | ₹2,622.12L | ₹0.00L | ₹0.00L | ₹0.00L |
| Financing Cash Flow | ₹54,611.52L | -₹49,485.10L | ₹37,639.32L | ₹68,097.07L | ₹0.00L | ₹0.00L | ₹0.00L |
| Investing Cash Flow | -₹4,968.02L | -₹4,880.42L | ₹1,838.01L | -₹1,261.63L | ₹0.00L | ₹0.00L | ₹0.00L |
| Operating Cash Flow | -₹47,640.22L | ₹49,281.51L | -₹30,240.40L | -₹71,766.09L | ₹0.00L | ₹0.00L | ₹0.00L |
| Capital Expenditure | -₹311.00L | -₹2,537.16L | -₹237.45L | -₹236.10L | ₹0.00L | ₹0.00L | ₹0.00L |
| Beginning Cash Position | ₹6,775.03L | ₹11,859.04L | ₹2,622.12L | ₹7,552.76L | ₹0.00L | ₹0.00L | ₹0.00L |
| Issuance Of Capital Stock | ₹105.39L | ₹58.88L | ₹23,000.60L | ₹3,825.34L | ₹0.00L | ₹0.00L | ₹0.00L |
| Other Cash Adjustment Outside Changein Cash | ₹0.01L | ₹0.00L | -₹0.01L | ₹0.01L | ₹0.01L | ₹0.00L | ₹0.00L |
Income Statement
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 | 31/03/2020 | 31/03/2019 |
|---|---|---|---|---|---|---|---|
| EBIT | ₹7,759.09L | ₹6,918.28L | ₹24,804.01L | ₹12,505.38L | ₹0.00L | ₹0.00L | ₹0.00L |
| EBITDA | ₹7,927.91L | ₹7,097.35L | ₹22,959.47L | ₹12,620.87L | ₹0.00L | ₹0.00L | ₹0.00L |
| Basic EPS | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income | ₹5,660.53L | ₹5,207.32L | ₹17,357.28L | ₹9,381.13L | ₹0.00L | ₹0.00L | ₹0.00L |
| Diluted EPS | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Gross Profit | ₹25,349.48L | ₹28,448.58L | ₹26,382.34L | ₹16,761.77L | ₹0.00L | ₹0.00L | ₹0.00L |
| Pretax Income | ₹7,735.84L | ₹6,909.22L | ₹22,808.95L | ₹12,495.37L | ₹0.00L | ₹0.00L | ₹0.00L |
| Tax Provision | ₹2,075.31L | ₹1,701.90L | ₹5,451.67L | ₹3,114.24L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Revenue | ₹58,613.24L | ₹61,671.31L | ₹61,638.47L | ₹38,853.12L | ₹0.00L | ₹21,150.70L | ₹14,051.03L |
| Cost Of Revenue | ₹33,263.76L | ₹33,222.73L | ₹32,270.86L | ₹22,091.35L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Expenses | ₹38,041.66L | ₹42,337.18L | ₹39,348.30L | ₹25,574.12L | ₹0.00L | ₹0.00L | ₹0.00L |
| Interest Income | ₹2,303.34L | ₹2,776.68L | ₹2,985.27L | ₹1,459.03L | ₹0.00L | ₹0.00L | ₹0.00L |
| Interest Expense | ₹23.25L | ₹0.00L | ₹8.15L | ₹10.01L | ₹11.88L | ₹0.00L | ₹0.00L |
| Operating Income | ₹20,571.58L | ₹19,334.13L | ₹19,304.90L | ₹13,279.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Tax Rate For Calcs | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Normalized EBITDA | ₹22,989.75L | ₹22,235.80L | ₹22,406.64L | ₹14,827.82L | ₹0.00L | ₹0.00L | ₹0.00L |
| Normalized Income | ₹16,681.70L | ₹16,616.82L | ₹16,936.58L | ₹11,038.11L | ₹0.00L | ₹0.00L | ₹0.00L |
| Operating Expense | ₹4,777.90L | ₹9,114.45L | ₹7,077.44L | ₹3,482.77L | ₹0.00L | ₹0.00L | ₹0.00L |
| Operating Revenue | ₹58,613.24L | ₹61,671.31L | ₹61,638.47L | ₹38,853.12L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Interest Income | ₹2,226.12L | ₹0.00L | ₹2,944.11L | ₹1,422.98L | ₹443.95L | ₹0.00L | ₹0.00L |
| Total Unusual Items | -₹15,061.84L | -₹15,138.45L | ₹552.83L | -₹2,206.95L | ₹0.00L | ₹0.00L | ₹0.00L |
| Basic Average Shares | ₹105.00L | ₹104.85L | ₹89.01L | ₹84.92L | ₹0.00L | ₹0.00L | ₹0.00L |
| Diluted Average Shares | ₹105.66L | ₹105.71L | ₹90.05L | ₹88.13L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Other Finance Cost | ₹53.97L | ₹54.12L | ₹33.01L | ₹26.04L | ₹0.00L | ₹0.00L | ₹0.00L |
| Other Operating Expenses | -₹1,269.16L | ₹5,238.74L | ₹4,346.49L | ₹1,800.73L | ₹0.00L | ₹0.00L | ₹0.00L |
| Reconciled Depreciation | ₹168.82L | ₹179.07L | ₹142.36L | ₹115.49L | ₹0.00L | ₹0.00L | ₹0.00L |
| Reconciled Cost Of Revenue | ₹33,263.76L | ₹33,222.73L | ₹32,270.86L | ₹22,091.35L | ₹0.00L | ₹0.00L | ₹0.00L |
| Rent Expense Supplemental | ₹751.12L | ₹0.00L | ₹396.41L | ₹355.96L | ₹300.69L | ₹0.00L | ₹0.00L |
| Tax Effect Of Unusual Items | -₹4,040.67L | -₹3,728.95L | ₹132.13L | -₹549.97L | ₹0.00L | ₹0.00L | ₹0.00L |
| Interest Income Non Operating | ₹2,303.34L | ₹2,776.68L | ₹2,985.27L | ₹1,459.03L | ₹0.00L | ₹0.00L | ₹0.00L |
| Selling And Marketing Expense | ₹176.18L | ₹100.75L | ₹119.42L | ₹89.75L | ₹0.00L | ₹0.00L | ₹0.00L |
| Interest Expense Non Operating | ₹23.25L | ₹0.00L | ₹8.15L | ₹10.01L | ₹11.88L | ₹0.00L | ₹0.00L |
| Net Income Common Stockholders | ₹5,660.53L | ₹5,207.32L | ₹17,357.28L | ₹9,381.13L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income Continuous Operations | ₹5,660.53L | ₹5,207.32L | ₹17,357.28L | ₹9,381.13L | ₹0.00L | ₹0.00L | ₹0.00L |
| Diluted NIAvailto Com Stockholders | ₹5,660.53L | ₹5,207.32L | ₹17,357.28L | ₹9,381.13L | ₹0.00L | ₹0.00L | ₹0.00L |
| General And Administrative Expense | ₹2,659.43L | ₹1,056.64L | ₹636.51L | ₹549.36L | ₹0.00L | ₹0.00L | ₹0.00L |
| Selling General And Administration | ₹2,835.61L | ₹1,157.39L | ₹755.93L | ₹639.11L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income Discontinuous Operations | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Otherunder Preferred Stock Dividend | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Unusual Items Excluding Goodwill | -₹15,061.84L | -₹15,138.45L | ₹552.83L | -₹2,206.95L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Non Operating Interest Income Expense | ₹2,226.12L | ₹0.00L | ₹2,944.11L | ₹1,422.98L | ₹443.95L | ₹0.00L | ₹0.00L |
| Net Income Including Noncontrolling Interests | ₹5,660.53L | ₹5,207.32L | ₹17,357.28L | ₹9,381.13L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income From Continuing And Discontinued Operation | ₹5,660.53L | ₹5,207.32L | ₹17,357.28L | ₹9,381.13L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income From Continuing Operation Net Minority Interest | ₹5,660.53L | ₹5,207.32L | ₹17,357.28L | ₹9,381.13L | ₹0.00L | ₹0.00L | ₹0.00L |
Company Performance (FY19–FY26)
Directors
| Appointment | Director name | DIN | Designation | |
|---|---|---|---|---|
| 26/11/1992 | Ritaben Jayendrabhai Patel | 00011818 | Director | View other directorships |
| 28/08/1995 | Jayendrabhai Bhailalbhai Patel | 00011814 | Managing Director | View other directorships |
| 24/10/2000 | Aakash Jayendrabhai Patel | 02778878 | Director | View other directorships |
| 30/01/2007 | Aalok Jayendra Patel | 02482747 | Managing Director | View other directorships |
| 01/03/2016 | Jaimish Govindbhai Patel | *****1259J | Company Secretary | |
| 26/05/2018 | Vivek Arun Modi | *****7197C | CFO | |
| 01/08/2018 | Alok Prasad | 00080225 | Director | View other directorships |
| 01/04/2020 | Geeta Haresh Solanki | 08212773 | Director | View other directorships |
| 02/09/2021 | Yash Kaushik Shah | 02155636 | Director | View other directorships |
| 14/08/2024 | Pinakin Surendrai Shah | 00007695 | Director | View other directorships |
Business Network
Directors 10
- Aalok Jayendra PatelManaging Director
- Jayendrabhai Bhailalbhai PatelManaging Director
- Pinakin Surendrai ShahDirector
- Yash Kaushik ShahDirector
- Geeta Haresh SolankiDirector
- Alok PrasadDirector
- Aakash Jayendrabhai PatelDirector
- Ritaben Jayendrabhai PatelDirector
- Vivek Arun ModiCFO
- Jaimish Govindbhai PatelCompany Secretary
Subsidiaries 1
- Namra Finance LimitedDirect
Latest Documents
| Date | Title | Size |
|---|---|---|
| 10/11/2024 | Form Addendum to AOC-4 CSR-30102024 | - |
| 16/10/2024 | Form MGT-7-16102024_signed | - |
| 16/10/2024 | Form AOC-4 NBFC(IND AS)-11102024 | - |
| 15/10/2024 | Form AOC-4 CFS NBFC(Ind AS)-15102024 | - |
| 12/03/2024 | Form Addendum to AOC-4 CSR-12032024 | - |
Direct/Ultimate Children
| Type | Legal Name | LEI code |
|---|---|---|
| Direct | Namra Finance Limited | 335800RS433QA22OMY47 |
Address
Frequently Asked Questions
The current board member of Arman Financial Services Limited are:
- Geeta Haresh Solanki
- Yash Kaushik Shah
- Ritaben Jayendrabhai Patel
- Jayendrabhai Bhailalbhai Patel
- Aalok Jayendra Patel
- Aakash Jayendrabhai Patel
- Alok Prasad
- Pinakin Surendrai Shah