Arohan Financial Services Ltd

Arohan Financial Services Limited is a leading NBFC-MFI with operations in financially under-penetrated Low Income States of India. Arohan provides income generating loans and other financial inclusion related products to customers who have limited or no access to financial services. As of September 30, 2020, Arohan were the fifth largest NBFC-MFI in India and the largest NBFC-MFI in Eastern India (Source: CRISIL Report), based on Gross Loan Portfolio (“GLP”) with a GLP of INR48.57 billion.

We offer a broad range of products to financially underserved customers. Our financial products are classified into credit and insurance products. Our credit products include income generating loans and other loan products for various household purposes. Our insurance products include life and health insurance covers issued and underwritten by certain Indian insurance companies with whom we have entered into tie-ups. We also offer term loans to small microfinance institutions (“MFIs”).

As of September 30, 2020, we served approximately 2.21 million borrowers in 17 states. These included 12 of the 14 Low Income States in India (as defined in the CRISIL Report). As of that date, our microfinance business branch network consisted of 710 branches in 11 states and our MSME lending business branch network consisted of 10 branches in eight states.

We are a part of the Aavishkaar Group, which provides business solutions to assist sustainable enterprises dedicated to social and environmental change, has advised a large number of organizations on inclusive business strategies and has provided significant amounts of venture capital funding to social impact businesses. As of September 30, 2020, the Aavishkaar Group had an AUM of approximately US$1.00 billion across Asia.

We have a bank loan rating of A- (stable outlook), MFI grading of MF1 from CARE Ratings, a Social Performance rating of SP1, COCA Dimensions of C1, all of which are top-notch grading. We were certified as a “Great Place to Work” and were ranked 86th among the best companies to work for in India by the Great Place to Work Institute India, in 2020. In the same year, we were in the top 25 companies among the banking, financial services and insurance industry, and among the top three NBFC-MFIs to be certified as a Great Place to Work. We were awarded the “Microfinance Organization of the Year” award by Access Assist at the Inclusive Finance India Awards 2018. We were also awarded the “Microfinance Institution of the Year” award in 2010 in the “Small and Medium Category” by Access Assist