About Arohan

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.

One of the largest

NBFC-MFIs in India
Source: MFIN Micrometer, Company Research

Based on Gross Loan Portfolio ("GLP") with a GLP of INR 5,357 Cr as of March 31, 2023


Arohan offers a broad range of products to financially underserved customers.

Our financial products are classified into –


Credit Products

Our credit products include income generating loans and other loan products for various household purposes


Insurance Products

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
microfinance institutions.

Our Areas of Operation

  • Microfinance Operations
  • Microfinance Partnerships Operations






Microfinance Branches

2.01 mn

All data as of March 31, 2023

Approx 2.01 million borrowers served in 17 states

Includes 11 of the 17 Low Income States in India

(as defined in the CRISIL Report) Data as of March 31, 2023

Microfinance business branch network of

829 branches in 11 microfinance states

Data as of date.

Our Mode of Operation

Arohan's business operations are focused on low-income households that have limited or no access to formal financial institutions. Our goal is to provide these households with support for their financial needs. Our target customers–

Financial underserved households with an annual household income of INR 300,000 or less.

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We predominantly provide

our core financial loans to

Groups consisting of 3-5 women
Centres typically consisting of 8-30 members in total

Our JLG Model

We offer collateral free loans to customers who are willing to borrow in a group and agree to accept joint liability for the group's loans, which we refer to as the joint liability group model ("JLG model").

Our JLG Model enables our customers, who typically do not have sufficient collateral, to gain access to formal credit. This model also provides a community support system for our customers, regardless of their financial circumstances.

We are a part of the
Aavishkaar Group

Aavishkaar Group provides business solutions to assist sustainable enterprises dedicated to social and environmental change, has advised a large number of organisations on inclusive business strategies and has provided significant amounts of venture capital funding to social impact businesses.


As of March 31, 2022, the Aavishkaar Group had -

an AUM in excess of USD 1.2 Billion across India, Indonesia, Bangladesh and Kenya.

We have a bank loan rating of A- MFI grading of MF1 from CARE Ratings
A Social Performance rating of SP1 COCA Dimensions of C1
Know more

With every challenge that life presents, advances made in staying connected and impacting lives for the better have far-reaching implications. Arohan has innovated and tapped opportunities to cater to every need of its stakeholders.

At Arohan, our efforts have been not only to touch the lives of nearly 2.01 million people across the country, but also to bring them together for a better future through timely innovation, strong enablement and effective communication.

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