Arohan Financial Services Unlisted Shares
Arohan Financial Services Ltd.
INE808K01017
Incorporation Date: 27-Sep-1991
Listing Status: DRHP Not Filed
About Arohan Financial Services Unlisted Shares
Overview of Arohan Financial Services Unlisted Shares
- Arohan Financial Services Limited is a prominent NBFC-MFI based in West Bengal.
- It specializes in providing loans and other financial products to customers lacking access to traditional financial services.
- It is recognized as one of the largest NBFC-MFIs in India based on its Gross Loan Portfolio (GLP), which stood at INR 7,424 Crores as of March 31, 2026.
- Arohan is a part of the Aavishkaar group. It provides business solutions to sustainable enterprises dedicated to social and environmental change. They have also provided significant venture capital funding to social impact businesses.
Product Portfolio
Digital Ventures
In FY 2023, Arohan achieved a significant milestone by launching the Digital Lending platform called ArohanPrivilege. This platform revolutionizes the lending experience for customers, enabling them to apply for and manage their loans conveniently through the proprietary apnaArohan app. Customers can receive loan disbursements directly into their accounts within minutes of a successful application, all from the comfort of their homes.
Key Performance Highlights
Insights of Arohan Financial Services Unlisted Shares
Key Financial Snapshot (FY25 – FY26)
The company maintained profitability and expanded its loan book significantly in FY26 while reducing impairment costs and maintaining tight cost controls
| Category | FY25 | FY26 | YoY Growth / Change |
Revenue from Operations (₹ Cr) | 1,691.75 | 1,544.88 | -8.68% |
Total Revenue (₹ Cr) | 1,695.26 | 1,551.55 | -8.48% |
EBITDA (Operating Profit) (₹ Cr) | 773.40 | 690.54 | -10.71% |
Profit Before Tax (PBT) (₹ Cr) | 138.09 | 163.41 | +18.34% |
Profit After Tax (PAT) (₹ Cr) | 109.70 | 122.33 | +11.51% |
PAT Margin (%) | 6.48% | 7.92% | +144 bps |
Net Worth (₹ Cr) | 2,025.00 | 2,158.00 | +6.57% |
Capital Adequacy Ratio (CRAR) | 34.09% | 27.61% | -648 bps |
Key Performance & Strategic Highlights
Asset Quality Excellence: Arohan ended FY26 with industry-leading credit metrics, posting a Gross NPA of 1.34% / 1.13% and Net NPA of 0.21%, underpinned by strict underwriting and proactive recovery mechanisms
.Credit Guarantee Cushion: Enrolled with NCGTC under the Credit Guarantee Fund for Micro Units (CGFMU), covering over 65%–69% of its eligible loan portfolio to insulate against credit loss shocks
.Robust Capital & Funding Structure: Maintained a Capital Adequacy Ratio (CAR) of 27.61% (well above the regulatory mandate of 15%) and lowered its average borrowing cost from 11.52% to 10.59% in FY26
.Diversified Lending Engines:
Organic Microfinance (Saral Suite): Represents the core JLG loan book standing at ₹6,182 Cr
.Micro Enterprise Loans (MEL): Scaled to ~₹300 Cr portfolio providing working capital to small traders
.Inorganic & Alliances: Scaled to nearly ₹1,000 Cr across term loans to smaller MFIs, Sourcing & Collection arrangements, and Direct Assignments
.Arohan Privilege: Tech-driven digital lending platform managing ₹175.25 Cr AUM across 41,552 clients
.
Industry Overview & Outlook
Sector Stabilization: The Indian microfinance industry closed FY26 with an outstanding loan portfolio of ₹3.25 Lakh Cr across 6.4 Cr borrowers
. Following credit tightening under MFIN Guardrails 2.0 in early FY26, the sector witnessed a sharp recovery in Q3 and Q4 driven by normal monsoons, GST rationalization, and festive demand .Regulatory Flexibility (60/40 Norm): The Reserve Bank of India (RBI) revised the Qualifying Assets (QA) criteria for NBFC-MFIs from 75% to 60% of total assets
. This key policy change provides up to 40% balance-sheet flexibility to expand secured lending (gold loans, micro-housing, and individual business loans) .Credit Guarantee Policy Boost: The Union Government's introduction of a ₹20,000 Cr Credit Guarantee Scheme in March 2026 facilitates bank lending to MFIs, mitigating liquidity constraints
.
Recent Key Developments
IPO Docket Filed: Successfully filed its Draft Red Herring Prospectus (DRHP) on May 15, 2026, setting in motion a public listing process comprising a fresh equity issue up to ₹750 Cr
.20 Years Milestone: Celebrated 20 years of operations as a microfinance institution in April 2026, launching its "Vision 2030" roadmap to impact 20 million lives
.Record Monthly Disbursement: Achieved its highest-ever single-month disbursement of ₹1,126 Cr in March 2026
.Geographic Footprint Expansion: Commenced operations in Tamil Nadu by opening a new regional office in Tiruchirappalli, extending outreach across 16 states
.Risk-Based Pricing Rollout: Implemented proprietary credit-scoring model NIRNAY 2.0 using machine learning, introducing risk-based loan interest rates ranging from 19.99% for top-tier borrowers to 24.24% for new-to-credit customers
.AI and Digital Infrastructure:
Achieved 100% Aadhaar-based e-KYC rollout across all 1,069 branches
.Deployed Dista (AI-based field-force location intelligence) and Arohi (conversational AI voice-bot for collections and surveys)
.Integrated a Google Gemini-powered conversational AI Assistant into its internal Business Intelligence dashboard
.
Credit Rating & Grading Retention: Retained ICRA A (Stable) and CARE A- (Stable) debt credit ratings
, as well as the highest CARE MFI 1 grading and C1 COCA grading (93% score) for code of conduct compliance. .
Financial Charts of Arohan Financial Services Unlisted Shares
Balance Sheet of Arohan Financial Services Unlisted Shares
Profit and Loss of Arohan Financial Services Unlisted Shares
Ancillary of Arohan Financial Services Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Arohan Financial Services Unlisted Shares
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How to buy Arohan Financial Services Ltd.?
Below are three ways through which you can purchase Arohan Financial Services Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Arohan Financial Services Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Arohan Financial Services Ltd.?
Below are three ways through which you can sell Arohan Financial Services Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Arohan Financial Services Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Arohan Financial Services Ltd.?
We provide a two way quote on all the shares we deal in. Your buy price for Arohan Financial Services Ltd. is ₹231 and your sell price for Arohan Financial Services Ltd. is ₹200. The price is based on our estimates and market conditions.
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What is the lock-in period of Arohan Financial Services Ltd.?
The lock-in period for Arohan Financial Services Ltd. varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Arohan Financial Services Ltd.
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Arohan Financial Services Ltd.
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Arohan Financial Services Ltd. price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Arohan Financial Services Ltd.. The price is also determined from the most recent funding round for Arohan Financial Services Ltd.. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Arohan Financial Services Ltd.?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Arohan Financial Services Ltd. with us kindly click here.
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What are the financials of Arohan Financial Services Ltd.?
The financials of Arohan Financial Services Ltd. which includes the P/L of Arohan Financial Services Ltd. and the Balance Sheet of Arohan Financial Services Ltd. is in the financials section (Click on link).
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Where can I find the annual report of Arohan Financial Services Ltd.?
The annual report of Arohan Financial Services Ltd. is available in the annual report section (Click on link).
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Is buying Arohan Financial Services Ltd. legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Arohan Financial Services Ltd.?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Arohan Financial Services Ltd. and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Arohan Financial Services Ltd. once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Arohan Financial Services Ltd.?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Arohan Financial Services Ltd. from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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