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Namra Finance Limited
Namra Finance Ltd. (NFL) is a wholly owned subsidiary of Arman Financial Services Ltd (NSE & BSE Listed), which manages the Microfinance business of the group. Namra is registered with the Reserve Bank of India as a Non-Banking Finance Company - Microfinance Institution (NBFC-MFI).
Sector Focus
Finance (NBFC MFI)
Highest Credit Rating
A- Stable by ACUITE
Listing (Debt)
BSE
Date of NBFC License by RBI
2013
Business & Products
Microfinance - JLG, mix of secured & unsecured lending
Promoter
Mr. Jayendra B. Patel
Whole-time Director
Key Management Personnel
Mr. Aalok J. Patel
Chairman & MD, ex- KPMG & John Deere & Co.
C.P.A., Drake University Alumni (USA)
Ms. Ritaben J. Patel
Non-Executive Director, ex- First National Bank of Chicago, Golf Mill Bank, Morton Grove Bank
Mr. Pinakin Surendra Shah
Independent Director
B.B.A., LL.B.
Bonds issued by Namra Finance Limited
Financial Performance
| Particulars | FY26 (₹ in cr) | FY25 (₹ in cr) | FY24 (₹ in cr) |
|---|---|---|---|
| AUM | 2728 | 2245 | 2639 |
| NET WORTH | 650.34 | 638.34 | 553.97 |
| REVENUE | 432.87 | 552.37 | 530.24 |
| PAT | 12.88 | 7.84 | 138.33 |
| CRAR % | 41.01 | 48.37 | 32.80 |
| GNPA % | 3.40 | 3.36 | 2.94 |
| NNPA % | 0.95 | 0.37 | 0.16 |
| GEARING (times) | 1.73 | 1.33 | 2.59 |
Credit Rating
| Credit Rating Agency | Rating | Rating Outlook | Date |
|---|---|---|---|
| CARE Ratings | A– | Stable | -- |
| ACUITE Ratings | A- | Stable | as on 5th February, 2026 |
Top Lenders to Namra Finance Limited
State Bank of India
IDFC FIRST Bank
Bank of Baroda
ICICI Bank
Axis Bank
Standard Chartered Bank
Strength
Established track record of operations with experienced promoters and management
Healthy Capitalization and Prudent Leverage
Strong Net Interest Margins and Revenue Base
Implementation of BCM Model for Enhanced Credit Evaluation
Weakness
Declining profitability; increasing credit cost
Deteriorating asset quality and collection efficiency
Important Links
Source:
Investors Presentation, Information Memorandum & Rating Rationale of Namra Finance Limited
