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SFP RESEARCH

25th Feb · SEBI-Registered Analyst

Arman Financial Services Ltd.

ARMANFIN
provides secured MSME loans and microfinance primarily in Tier 3/4 geographies. High LTV secured lending keeps credit losses manageable historically. Digital collections and branch expansion support growth ambitions. Risks include over-leverage in borrower base, collection disruptions, and concentrated geography.

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