Arman Financial Services Limited (AFSL) is an India-based holding company. The Company is a non-banking finance company (NBFC). The Company is an asset finance company (AFC), which is engaged in providing microfinance and financing the purchase of two- and three-wheelers. The Company provides finance for various models of motorcycles, mopeds, scooterettes and scooters of Hero, Honda, Bajaj, TVS, HMSI, Suzuki, Yamaha and Royal Enfield. AFSL also provides loan for rickshaws. The Company operates its microfinance business from approximately 55 branches and its two-wheeler business from over five branches. The Company's branches are located in Ahmedabad, Gandhinagar, Kalol, Kadi, Mehsana, Sabarkantha, Palanpur, Vadodara, Kheda, Anand, Sevalia, Indore and Tarapur. The Company makes investment in information technology infrastructure. The Company's subsidiary is Namra Finance Ltd.