Arohan Financial Services Limited

filed drhpRefreshing

Source: SEBI

DRHP2 Jun 2026completed
RHP—not yet reached
Price band—not yet reached
Opens—not yet reached
Closes—not yet reached
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What the company does

Business model: Arohan Financial Services Limited is a technology-enabled non-banking financial company (NBFC-MFI) focused on providing income-generating loans and financial products to underserved customers in rural and semi-urban areas of India.
Customers & concentration: The company has a customer base of 1.95 million, with 76.82% located in non-urban areas and over 93.57% being women.
Competitive position: As of December 31, 2025, the company had assets under management (AUM) of ₹ 63,084.14 million, making it the second largest NBFC-MFI in Eastern India and the ninth largest in India, with a market share of 4.71%.

Context

What the company does

Arohan Financial Services Limited is a technology-enabled NBFC-MFI that provides financial products and income-generating loans primarily to underserved customers in rural and semi-urban areas. The company operates a network of 1,073 branches across 320 districts, focusing on financial inclusion and economic participation of women borrowers.

Industry opportunity

The Indian microfinance industry has shown resilience, with a Gross Loan Portfolio (GLP) growth rate of 9.98% from Fiscal 2020 to nine months ended December 31, 2025. The sector is expected to stabilize and strengthen its underwriting discipline, providing opportunities for growth.