Arohan Financial Services Limited | Annual Report 2021-22

95 Annual Report | 2021-2022 Board of Directors’ Report Last yearhasbeenverychallenging, considering many significant developments like COVID-19 new waves, signing of MOU with Assam Government, Launch of Samunnati etc. The business of the Company has seen a setback due to various factors like borrower activation levels, slow return to normal economic activity levels, employee productivity, attrition levels etc. In the view of the above situation the Company has reportedOperational Revenue of about INR 90,173 Lakhs and net profit of INR 6,095Lakhs. TheOther Incomeof theCompany degrew by 32.0% in comparison with previous year. However, Net worth had increased from the previous financial year ended March 31, 2021 due to retained earnings, the net worth of the Company for the financial year stood at INR 1,02,348 Lakhs. Borrowings has reduced to INR 4,12,700 Lakhs for the financial year ended March 31, 2022 in comparison to that of INR 4,41,500 Lakhs reported in the previous financial year ended March 31, 2021. The Company has raised INR 20,000 Lakhs of Subordinate Debt in last quarter of the financial year. The same has been classified as Tier II capital which has enhanced the CRAR. TheOPEX ratio of the Company was marginally increased year on year, primarily due to the base impact. The total comprehensive income (TCI) of the Company stood for the financial year 2021-22 at INR 5,933 Lakhs against a loss of INR 17,189 Lakhs for the Financial Year 2020-21. In terms of gross AUM, the Company had de-grown from INR 4,64,800 Lakhs to INR 4,12,200 Lakhs. The major focus during the year was on collection and recovery. The PAR 30 has improved in comparison with the previous year. As a key achievement, during the year under review, theCompanywon several noteworthy awards:  2021 Modern Governance 100 recipients in the Audit Excellence, Risk & Compliance Visionary and ESG & Diversity Trailblazer categories by Diligent.  Top 25 Safest Workplaces in India by KelpHR  “Microfinance Company of the Year” at the 3rd Annual BFSI Technology Excellence Awards programme 2022  New Code of Work Awards 2021 in the LargeEnterpriseCategorybyPeopleStrong.  People Excellence Awards, 2021 for ‘Excellence in Digitalization of HR’ by The National HRD Network (NHRDN), Delhi & NCR Chapter and New Delhi Institute of Management  India’s Best Workplaces in BFSI 2022 - by Great Place toWork® Institute The Company has received several noteworthy Certifications:  Great Place to Work-Certified™ thrice in a row, by the Great Place ToWork® Institute.  CARE MFI 1 Grading, highest on an 8-point scale, the fifth year in a row (2017/ 2018/2019/2020/2021)  COCA Assessment score of C1, highest on a 5-point scale, the fourth year in a row (2018/2019/2020/2021)  Credit Rating A - (2016/2017/2018/2019/ 2020/2021)  SMART Campaign Certification to award our client protection principle (2015, Recertified 2019 with a four-year validity) CHANGE IN THE NATURE OF BUSINESS During the year under review, there was no change in the nature of the business of the Company. CAPITAL INFUSION During the year, the Company has issued 200 Unsecured, Rated, Listed, Redeemable,