Arohan wins the prestigious ICSI National Awards, 2020 for Corporate Governance - Songoti

Arohan wins the prestigious ICSI National Awards, 2020 for Corporate Governance

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 Arohan Financial Services Limited, part of The Aavishkaar Group, wins the ICSI National Awards, 2020 for Corporate Governance in the unlisted category. In a ceremony held on January 13, 2020 in New Delhi, Arohan was conferred the prestigious award in the august presence of Shri Piyush Goyal, Hon’ble Minister of Railways, Commerce & Industry, Consumer Affairs, and Food & Public Distribution, Government of India. Along with this, Mr Anirudh Singh G. Thakur, Head of Legal & Compliance and Company Secretary, was also conferred an individual award for being the custodian of Corporate Governance in Arohan.

 


The award is a testimony of the Company’s highest standards of Corporate Governance principles and best practices. The Company has put in place various policies, systems and processes to achieve transparency, high levels of business ethics and compliance with applicable laws. The Company’s 12-member Board is Chaired by an Independent Director, ensuring separate meeting of the Independent Directors with the Statutory Auditors every quarter to enable full transparency, and provides Quarterly Limited Review of its financial statements. Driven by its mission to empower underserved households and small businesses through a range of financial services, in a manner sustainable for all stakeholders, Company plans to impact 20 million lives by the year 2025. The Company is regulated by the Reserve Bank of India and has in place proper systems to ensure compliance with the provisions of the applicable secretarial standards issued by The Institute of Company Secretaries of India.

The Citation presented to Arohan at the Awards, quotes “The Company’s strong and differentiated strategy has successfully allowed it to surpass its goals and create a niche through robust processes and policies, geographic and product diversification and effective stakeholder management. The Company’s Quality function strengthens the organization’s decision-making mechanism with sharp insights that helps it adhere to processes and policies while preventing it from slipping into any faltering deviations.”

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