The Entrepreneurial Odyssey of Arman Bankley

Arman Bankley, a first-generation entrepreneur and chemical engineer, has carved a distinguished path from his beginnings in Mumbai to becoming a pivotal figure in Goa's industrial sector. Born and raised in Mumbai, Arman relocated to Goa at the age of 24 to embark on his entrepreneurial journey.

- Rajesh Ghadge

Leveraging his extensive experience in the manufacturing industry, he founded his first venture in 1994, focusing on the processing of manganese ore.

Today, Arman Bankley is a celebrated name in Goa, renowned for his contributions to various prestigious organizations and associations. He serves as the Director of Armines Group and holds the position of Nominated Director at the Goa Industrial Development Corporation. Additionally, he is the Senior Director of Business Growth at BNI Goa, Co-Founder and Trustee of Vibrant Goa, and the Honorable Secretary of the Kacoda Industrial Association. Arman is also a Co-Founder of the Goa Exports Group. When Arman Bankley arrived in Goa, he had nothing but a modest amount of capital and a big dream. "I had saved one lakh rupees, which was my initial capital investment into the business, but that alone was not sufficient to set up the industrial shed with all the required machinery," he recalls. Fortuitously, he met Mr. Kaisare, the head of MSME in Goa. "I approached him for a loan, and he saw some spark in me, helping me secure a business loan of 13 lakhs. That amount was sufficient in those days to set up the manufacturing unit with machinery. The business did so well that the loan, which was meant to be paid back in eight years, was repaid within just two."