Arohan's Genesis

Arohan's Genesis

The table below sets forth some of the major events in the history of our Company.

Calender Year Event
  • Commenced microfinance operations and disbursed its first microfinance loan in Kolkata

  • 2007
  • Number of customers reached 10,000

  • 2008
  • Launch of ‘Bazaar’ loan product

  • 2010
  • Number of customers crossed 100,000

  • Commenced operations in Assam

  • Launch of 'Pragati' loan product

  • 2011
  • Number of customers crossed 200,000

  • 2012
  • Acquisition of controlling interest in our Company by Intellecash and AVMS

  • Acquisition of Intellecash’s microfinance portfolio in Bihar

  • 2014
  • Endorsement of status as an NBFC-MFI by the RBI

  • Commenced operations in Jharkhand

  • 2015
  • Commenced operations in Odisha

  • Number of operational branches reached 180

  • Achieved AUM of over INR 5,000 million

  • 2016
  • Launched mobility solution which captures operational transactions on a real time basis through a mobile application

  • Commenced operations in Meghalaya and Chhattisgarh

  • Launched sanitation, mobile and bicycle loans

  • Undertook first cashless disbursement

  • Overall score of 8 out of 10 indicating “High Level of Adherence” in Code of Conduct Assessment Report conducted by ICRA Management Consulting Services Limited

  • 2017
  • Launch of "Arohan e-Bazaar" mobile application and "Bazaar 2.0" product

  • Gross loan portfolio reached INR 10,000 million

  • Completion of implementation of "PROFILE"

  • Commenced operations in Tripura and Uttar Pradesh

  • Undertook first disbursement through PayTM payments bank

  • Launch of “Perdix”, a centralized digital audit platform for internal audit

  • 2018
  • Inorganic business portfolio reached INR 1,000 million

  • Number of customers reached 1,000,000

  • Intellecash merged with and into our Company pursuant to the Scheme

  • Commenced operations in Madhya Pradesh

  • Launched Adrenalin, the HRMS portal

  • Raised INR 990 million of external commercial borrowing from IFC

  • 2019
  • Number of customers reached 2,000,000

  • Launched the ApnaBazaar application for cross-selling of products

  • Securitization deal of non-qualifying assets completed

  • Commenced operations in Manipur

  • Implementation of Diligent – a board management software

  • 2020
  • Enabled digital repayment using digital wallets such as PayTM and PayU which make use of Aadhaar Pay Enabled Software platform, Bharat Bill Payment System platform, UPI and debit card

  • CARE MFI 1 grading from CARE

  • Social performance grading of the highest-rating SP1 from ICRA

  • Dual Credit Rating of A- with stable outlook from CARE & ICRA

  • On boarded Trackwizz, an anti-money laundering and compliance software

  • Get In Touch

    PTI Building, 4th Floor,
    DP-9, Sector V, Salt Lake,
    Kolkata 700 091

    Phone: +91 33 40156000

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