25th April 2025, Mumbai: Arohan Financial Services, India’s leading NBFC-MFI driving financial inclusion across 17 states, has been recognized for its pioneering efforts in data-driven innovation, receiving the prestigious CRIF Data Excellence Award 2025 for Data Excellence. This honor marks a significant achievement in Arohan's commitment to leveraging advanced data analytics to enhance operational efficiency and customer service.
The award was presented at a grand ceremony held at the Jio World Convention Centre in Mumbai. Mr. Ranjan Das, Chief Risk Officer at Arohan, accepted the award on behalf of the organization, underscoring Arohan’s continuous efforts to integrate cutting-edge technology and data solutions into its business model.
The CRIF Data Excellence Awards honour financial institutions that showcase outstanding capabilities in data quality, governance, analytics, and customer-centric innovation. Arohan’s recognition among India’s top Banking and NBFC players reflects its strong commitment to digital transformation, robust data management practices, and excellence in delivering seamless, data-driven customer experiences—marking a significant milestone in its pursuit of operational excellence and inclusive financial growth.
Speaking on the occasion, Mr. Das said, “We are not a Bank, but we operate on a Core Banking Platform!! We currently serve around 2.3 million customers and submit customer data to the Credit Bureaus, daily. Our large data analytics and modelling capabilities have been meticulously developed to remain 'future-fit'. This recognition reaffirms our commitment to robust systems, high-quality data management, and a customer-first approach. It is an honor to be celebrated alongside the most respected institutions in the financial sector.”
This accolade reinforces Arohan’s leadership in utilizing data as a strategic asset to optimize decision-making and drive impactful financial services for underserved communities, making a lasting difference in the microfinance industry.
About Arohan Financial Services Limited:
Established in 2006 in Kolkata, Arohan Financial Services Limited, a part of The Aavishkaar Group, is among India’s largest NBFC MFIs. The organisation has a bank loan rating of A (Stable), MFI grading of MF1 from CARE Ratings, a Social Performance rating of SP1, COCA Dimensions of C1, all of which are top-notch gradings. Arohan is Great Place to Work-Certified™, ranked 35th among India's Top 100 Best Companies to Work For 2024, ranks as the Best Workplace in Microfinance Industry 2024, and among India’s Top 25 Best Workplaces in BFSI - 2024 as per an assessment conducted by the Great Place to Work® Institute. Driven by its mission to empower underserved households and small businesses through a range of financial services, in a manner sustainable for all stakeholders, Arohan plans to impact 28 million lives by the year 2028.