Arman Financial Services Limited (Arman) is a non banking finance company (NBFC). The Company operates in two business segments: Two-wheeler and three-wheeler financing, and JLG Microfinance. As of March 31, 2012, the Company operated out of 27 branches spread throughout Gujarat. The Company provides a range of financial services both fund-based and non fund-based activities, which includes term loans, collateral free credit, other forms of credits, thrift and savings and insurance. As of March 31, 2012, Arman followed individual and JLG based Microfinance. The Company provides two wheeler loan, three wheeler loan, used vehicle loan and personal loan. It provides finance for all models of motorcycles, mopeds, scooterettes and scooters of Hero Honda, Bajaj, TVS, HMSI, Hero Motors, Suzuki, Yamaha, Kinetic Honda and Royal Enfield.