Event Details
Mr. Jayendra B. Patel (DIN: 00011814), Founder and Whole-time Director of Arman Financial Services Limited, passed away on August 25, 2026. Consequently, he ceased to be a Director of the Company with effect from August 25, 2026.
Background and Role
Mr. Jayendra Patel founded Arman in 1992 and built the company from modest beginnings into a diversified financial services institution. He served as the guiding force behind the institution for more than three decades. His leadership philosophy emphasized discipline in credit, prudence in expansion, integrity in conduct, empathy for customers, strong governance, and long-term orientation.
He believed strongly in building an institution that could endure beyond its founder. In February 2026, as part of an orderly leadership transition, he moved from the role of Vice Chairman & Managing Director to Whole-time Director, while continuing to mentor the leadership team and provide strategic guidance.
Additional Documents
- Annexure B: A note commemorating Mr. Patel's life, journey, and contribution to Arman and the financial inclusion ecosystem.
- Annexure C: A personal note of remembrance by Mr. Aalok Patel, Vice Chairman and Managing Director of the Company.
Company Leadership
Current leadership includes Mr. Aalok Patel as Vice Chairman and Managing Director, and Mr. Uttam Patel as Company Secretary & Chief Compliance Officer, who signed the disclosure on August 25, 2026, at 18:28:31 IST.
Impact Assessment
The disclosure confirms the cessation of directorship due to demise. No immediate financial impact or operational changes are quantified in the disclosure. The company emphasizes continuity of values and institutional strength.