Arohan Financial Services Limited | Annual Report 2022-23

Our Growing Geographic Presence Ambitious expansion plans fuelled by one of the largest fundraises by an NBFC-MFI in India in the post-COVID era. Guided by its strategic plan to expand and further deepen its penetration in low-income states, Arohan, over the years, has been able to cater to customers even in the most remote geographies of the country with award-winning processes and services. As of March 31, 2023, the Company is present in 17 states with Haryana, Rajasthan and Uttarakhand as the newest additions along with Assam, Bihar, Chhattisgarh, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Odisha, Telangana, Tripura, Uttar Pradesh and West Bengal. In FY 2023, the Company opened nearly 100 new branches across locations taking the total branch count to 829 as of March 31, 2023. As the Company commences its ambitious growth plan of impacting 20 mn lives by 2027, Arohan intends to enter into the states of Gujarat and Maharashtra with its microfinance product and service offerings, by openingnewbranches inoperationally contiguous regions. Additionally, Arohan also plans to expand inorganically by partnering with other local MFIs and by focusing on Merger & Acquisition opportunities, strengthening the Company’s portfolio, while allowing product and geographic diversification. Annual Report 2022-23 | 18 Amplifying opportunities through unique differentiators