Tag: Mr Manoj Nambiar

News

Arohan’s Code of Conduct Assessment receives the top-notch C1 grading from CareEdge Advisory

Jun 11, 2024 by Mansi Praharaj 0 Comments #Arohan Financial Services Limited, #CareEdge Advisory, #COCA Grading, #Mr Manoj Nambiar

Kolkata,11th 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.

Business World

Arohan Financial receives “Great Place to Work” Accolade

Apr 24, 2021 by Neel Achary 0 Comments #Managing Director of Arohan Financial Services, #Mr Manoj Nambiar

Kolkata, 24 April, 2021: One of the leading NBFC-MFIs in India, Arohan Financial Services Limited (“Arohan Financial Services”) gets Great Place to Work-Certified™ [twice in a row] by the Great Place To Work® Institute and is currently listed amongst India’s 30 Best Workplaces in the BFSI Sector in FY21.

In receipt of this recognition, Mr. Manoj Nambiar, Managing Director of Arohan Financial Services said “We continue to live true by the audit conducted by the Great Place to Work Institute. It is our constant effort to treat our employees as one of our most valuable resources.”

Expressing his gratitude and commitment, Mr. Prashant Rai, Vice President – Head of Human Resources, Admin, Training and CSR stated “Training and helping employees find a sense of purpose in their work are the keys to successful ongoing relationships with our customers. We focus on multiple skill development programs targeting our field staff who are directly customer facing.”

Arohan Financial Services stands to be the most cost efficient amongst the East and North East based NBFC-MFIs and has had a 0% Net NPA over the last 3 fiscals. As per the CRISIL report, Arohan Financial Services counts amongst the top 10 NBFC MFIs in the country and the largest in Eastern India based on Gross Loan Portfolio (GLP) as of September 2020.

As of September 30, 2020 Arohan Financial Services served approximately 2.21 mn borrowers across 17 states (including 12 Low Income States) in India. Over 76.78% of Arohan Financial Services’ microfinance portfolio was in non-urban areas of India with women constituting more than 97% of their total customer base.

Business World, News

Arohan Financial Services conferred with SKOCH Recognition

Apr 7, 2021 by Rekha Nair 0 Comments #Arohan Financial Services Ltd, #Managing Director, #Mr Manoj Nambiar

Kolkata: One of the leading NBFC-MFIs, Arohan Financial Servicesrecently received a semifinalist recognition atSKOCH Awards 2021 for Micro Credit, mera Arohan, Response to COVID and Corporate Governancesegments.
On being in receipt of this recognition, Mr Manoj Nambiar, Managing Director, Arohan Financial Services Ltd stated

“ In the past we been awarded the SKOCH Order of Merit for qualifying amongst the top 100 projects in India for Financial Inclusion in 2016, SKOCH Order of Merit for IT Transformation, Mobility and CRM in 2017 amongst top 80 Technology Project in India and SKOCH Order of Merit in 2018 for qualifying amongst the top rankingbanking and finance projects in India for financial Inclusion, micro credit and rural expansion. We continue to have a focus bringing easy access to micro credit and create a social impact and are humbled to be recognized as a semifinalist at the recent SKOCH awards”

Additionally,he stated “In FY 2020 we were also recognized as a Responsible Lender for adopting and adhering to the code for responsible lending in micro credit with a CRL score of 99%”

Arohan Financial stands to be the most cost efficient amongst the East and North East based NBFC-MFIs and had a 0% NNPA ratio over the last 3 fiscals amongst the top 10 NBFC MFIs (Source: Industry Report on Microfinance Industry, Mumbai – February 2021, prepared by CRISIL Research, a division of CRISIL Limited). As of September 30, 2020 it served approximately 2.21 mn borrowers across 17 states