Satin Creditcare Network Limited
Satin Network Limited (SCNL) is a leading microfinance institution (MFI) with presence in 23 states & union territory and 95,000 villages. The company offers a bouquet of financial products in the Non‚ÄêMFI segment (comprising loans to MSMEs), a housing finance subsidiary, and business correspondent services and similar services to other financial Institutions through Taraashna Financial Services Limited (TFSL), a…
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SGAL, a Satin Creditcare subsidiary, achieved the first close of its women-led Category II AIF. This fund targets India's 'Missing Middle' with quasi-debt and equity for growth-stage businesses, emphasizing women-led ventures and sustainability. It leverages SCNL's distribution.
Satin Creditcare Network Limited (SCNL) launched a ₹1 Cr flood relief drive in Assam, mobilizing 150 employees to assist approximately 15,000 affected families. This initiative reinforces SCNL's commitment to its communities.
Satin Finserv (SCNL subsidiary) bolstered funding, securing over Rs. 650 Cr from debt and equity. This includes Rs. 345 Cr in borrowings and Rs. 120 Cr equity from SCNL. It strengthens capital and diversifies funding for future growth.
Satin Creditcare delivered strong Q1 FY27 results: PAT surged 172% YoY to ₹123 Cr, AUM grew 27.5%. Asset quality improved significantly. Promoters will infuse ₹100 Cr, while the company launched a ₹200 Cr AIF to co-invest with SBI, diversifying into new segments.
Satin Creditcare reports strongest-ever Q1: Consolidated AUM hit ~₹16,000 Cr (+27% YoY), disbursements up 54%. Asset quality improved, Credit Cost 2.5-3.0%, GNPA 2.0-2.5%. Raised ~₹3,000 Cr debt plus ₹100 Cr promoter equity. Expanded by 53 branches.