We provide access to financial solutions empowering people living in poverty to transform their lives, their children’s future and their community.
Designation
Chairman (Independent)
Qualification
Master of Arts from University of Delhi
Experience
Mr. Alok Prasad is a veteran banker with over 35 years of regulatory, banking, and financial services experience. He is regarded as an expert for financial inclusion and more broadly, access to finance matters. Currently, he is connected with a number of Banks and NBFCs as a Strategic Adviser and Board Member.
From 2010-15, Mr. Prasad was the Founder Chief Executive Officer of Microfinance Institutions Network (MFIN), the premier industry body and Self- Regulatory Organisation (SRO) for Microfinance Institutions (MFIs) in India. Prior to that, he held very senior positions at the Reserve Bank of India (RBI), National Housing Bank (NHB) and Citibank.
Amongst his many accomplishments in his career, Mr. Prasad steered the Microfinance industry through its crisis phase. The subsequent mainstreaming of MFIs and their integration into the national financial architecture was an outcome of the advocacy work and constructive policy level engagement by MFIN under his leadership. Mr. Prasad is an expert in connecting the Government & Regulatory world with that of the private sector and has served on a number of committees of the Ministry of Finance, Govt of India.
From 2013-15, Mr. Prasad also served as the Chairperson of South Asia Micro-entrepreneurs Network (SAMN).
Name
Mr. Jayendra B. Patel
Designation
Managing Director, Vice Chairman
Experience
Mr. Patel is the founder of the company and he has more than 25 years of Senior Managerial and board level experience in the finance sector. Mr. Patel was in U.S.A. for a decade where he completed his education. After completing his education he joined business firm in USA namely Kapps Pharmaceuticals Inc. as Company Executive. During his stay in USA he successfully turned around two sick units into profitable position. Later he returned to India to concentrate and expand in the field of finance, he devoted fulltime attention to Arman in 1992. Mr. Patel is a founder member of the Gujarat Finance companies Association and presently secretary of the Association.
His Affiliations
- Mr. Jayendra Patel was Member of the Finance and Banking Committee of Gujarat Chamber of Commerce & Industry (GCCI), Ahmedabad.
- He is the secretary of Gujarat Finance Companies Association.
- Managing trustee of B. M. Patel Foundation
Designation
Joint Managing Director
Qualification
B.S. Accounting & Finance; M.S. Accountancy, Certified Public Accountant (USA)
Experience
Mr. Aalok Patel brings a vast array of innovative knowledge to the Company. In India, he completed his schooling in Lawrence School, Sanawar and continued his higher education in the U.S. at Drake University. At Drake, Mr. Patel graduated with High Honors with a Bachelors and a Master’s Degree in Accountancy & Finance. He is a licensed Certified Public Accountant (CPA) in the U.S. Mr. Patel worked as an independent auditor for KPMG for almost 4 years, where many of his clients were included in the Fortune 100 list. He also brings experience from John Deere Credit, the equipment financing arm of John Deere & Co.
Furthermore, Mr. Patel excels to equity analysis and valuation as well; his research has been quoted in reputable business journals. He currently works for Arman full-time as an Executive Director since 2010.
Name
Mr. Pinakin Surendra Shah
Designation
Director (Independent)
Qualification
B.B.A.; LL.B.; Company Secretary; Registered Valuer (IICA Valuation Alumni); Insolvency Professional (IBBI)
Experience
Mr. Pinakin Surendra Shah is a renowned Practicing Company Secretary, Registered Valuer, and Insolvency Professional with over 40 years of experience. He brings a unique blend of legal expertise and financial acumen. His deep understanding of Company Law, Securities Law coupled with his valuation and restructuring expertise, positions him to contribute significantly to corporate governance and strategic decision making. Before starting his practice, he was in employment from 01/08/1978 till 31/10/1998. The last employment was with Gujarat Lease Financing Limited as General Manager and Company Secretary. He was CEO of subsidiary Company GLFL Housing Finance Limited & GLFL Securities Limited, a broking outfit – member of BSE NSE and ASE. He was in charge of liability products and mobilized more than Rs 500 crore as FD from four lakh plus retail investors. He also worked as Finance Controller for almost ten years.
Designation
Director (Independent)
Qualification
F.C.A., Bachelors of Commerce
Experience
Mr. Yash has completed his Bachelor of Commerce from H.L. College of Commerce. He is a Fellow member of Institute of Chartered Accountants of India (ICAI) since 2006. He is currently partner with DBS. His prime area of expertise is consulting for clients in the fields of Mergers & Acquisitions and Valuations. Prior to DBS, Mr. Yash was with KPMG for nearly 3 years wherein he was a part of the MA division. He has worked for various clients such as Siemens, Orchid Pharma, Pratibha Industries, Siyarams, WIMCO etc. He has written various papers on the topic of Domestic Transfer Pricing, and Cross Border Transactions. He has also given lectures in various forums in the topic of Mergers & Acquisition.
Qualification
B.A. Computer Science, Business Management; Masters of Business Administration.
Experience
Aakash Patel has a B. A. degree in Computer Science and in Business Management from Gettysburg College in the USA, and an MBA from Bentley College in Boston-USA. He has over 8 years of computer and business experiences, which includes over 3 years of experience as a consultant with Deloitte, 2 years with Intellitools as a software developer, and amongst others companies such as Hewlett Packard, EMC Corporation, SoftscapeInc, Sumtotals Systems. Currently, he works as a Manager- PMO (USA) for Bullhorn Inc.
Name
Smt. Ritaben J. Patel
Qualification
B. A. in Economics
Experience
Mrs. Ritaben J. Patel, is a Graduate in Economics. She also hold Banking qualifications from First National Bank of Chicago, USA. She has worked with various US banks like First National Bank of Chicago, Golf Mill Bank, Morton Grove Bank in various capacities for more than a decade.
Designation
Independent Director
Experience
Mrs. Geeta Solanki is a serial social entrepreneur in Women’s health, hygiene, and social development. Post her career as a marking professional, she was involved in improving women’s health during pregnancy by providing guidance on exercise, diet and medication for 6 years. As a woman with family roots in rural agriculture, she was acutely aware of the issues and taboo surrounding menstrual hygiene in rural areas. This led her to establish a company with unique products tailored towards educating and providing women hygiene care to bottom of the pyramid customers; and creating a supply chain to empower rural women to find financial independence in the same areas. In the last three years, she has helped 1.2 million women. She received the ‘Bharat Ki Laxmi’ award from The Ministry of Women and Child Development, and also serves as an expert on numerous panels and summits on Women’s hygiene. She is a Postgraduate in Management.