Kolkata, 6th June 2024 – Arohan Financial Services Limited, a leading NBFC MFI, regulated by the Reserve Bank of India, proudly announces its achievement of the highest C1 grading on its Code of Conduct Assessment (COCA) by Care Edge Analytics & Advisory (CareEdge Advisory). This is a testament to Arohan’s unwavering commitment to excellence and ethical standards in the microfinance sector.
The COCA Grading is assigned on a five-point scale, with C1 being the highest distinction. This prestigious recognition highlights Arohan’s exemplary performance across all COCA dimensions, reflecting its robust governance practices, customer-centric approach, and adherence to industry best practices.
"We are honored to receive the C1 grading from CareEdge Advisory, which underscores our dedication to maintaining the highest standards of conduct and service in the microfinance industry," said Mr. Manoj Nambiar, Managing Director of Arohan Financial Services Limited. "This achievement is an indication to the hard work and commitment of our team, as well as our continuous efforts to innovate and uphold the Core Values and governing standards of the Company."
This recognition by CareEdge Advisory further solidifies Arohan’s reputation as a trusted and responsible microfinance institution, committed to creating sustainable impact for its customers.
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™, is among the Top 50 Best Workplaces in India 2024, and ranks as the Best Workplace in Microfinance India 2024, and among India’s 25 Best Workplaces in BFSI - 2024 as per 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.