Satya MicroCapital
Satya MicroCapital is an RBI-registered NBFC-MFI headquartered in New Delhi that lends primarily to rural women micro-entrepreneurs via a Joint Liability Group (JLG) model across 800+ branches in 26 states of India, with Rs. 5,001 crore peak AUM and an embedded insurance and healthcare offering.
- Company typePrivate
- Founded1995
- HeadquartersNew Delhi, India
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
What Satya MicroCapital does
Satya MicroCapital Limited is an RBI-registered NBFC-MFI headquartered in New Delhi, India, operating a Joint Liability Group (JLG) microfinance model that lends primarily to rural women micro-entrepreneurs across 800+ branches spanning 26 states. The company disburses six core credit products — Limited Liability Loans (Rs. 25,000–75,000 at 23.5–25.5% p.a.), Water & Sanitation Loans (Rs. 30,000–75,000 at 23.9% p.a.), Individual Micro Loans (Rs. 45,000–1,25,000 at 23.5–25.5% p.a.), Micro Business Loans (Rs. 25,000–2,00,000 at 25–28% p.a.), MSME Prayaas Business Loans, and PM SVANidhi street-vendor loans — supplemented by embedded HospiCash insurance and the SATYA 360° Healthcare Programme in partnership with M-Swasth.
The technology layer comprises field-officer tablets, a real-time MIS, the SATYA Pay mobile application (com.satya.pay) for EMI collections with 72-hour settlement, and the proprietary 5T's framework (Trust, Transparency, Team, Technology, Training) driving paperless workflows. Distribution is branch-led: Entrepreneurship Development Officers (EDOs) conduct village center meetings to form 4–5-member JLG groups, which serve as social collateral.
The revenue model is interest income on the on-lending portfolio, with funding sourced from a diversified international debt-capital base including Mizuho Bank, Sumitomo Mitsui Banking Corporation, FMO, Finnfund, BlueOrchard Finance, responsAbility, German bank BIB, and Gojo & Company (the lead equity sponsor since the 2018 Rs. 43 crore round). The company reported AUM of over Rs. 5,001 crore at its FY24 peak with 15 lakh+ active clients, but is now navigating a contracting loan book and a Rs. 72.89 crore standalone net loss for Q3 FY26 amid broader Indian microfinance sector headwinds.
Satya MicroCapital firmographics
Firmographics- Name
- Satya MicroCapital
- Legal name
- SATYA MicroCapital Limited
- Website
- https://satyamicrocapital.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Satya MicroCapital is an RBI-registered NBFC-MFI headquartered in New Delhi that lends primarily to rural women micro-entrepreneurs via a Joint Liability Group (JLG) model across 800+ branches in 26 states of India, with Rs. 5,001 crore peak AUM and an embedded insurance and healthcare offering.
- Ownership category
- akta.pro rank
Satya MicroCapital industry classification
Industry- Product category
- Microfinance Services
- NAICS
- Nondepository Credit Intermediation (5222)
- SIC
- Miscellaneous Business Credit Institution (6159), Loan Brokers (6163)
- akta.pro primary industry
- Microloans & Working Capital Loans (FSAKAGAA)
- akta.pro secondary industries
- Microfinance, Financial Inclusion & Inclusive Markets (BPAGABAM), SME Credit Underwriting, Scoring & Risk Analytics (FSAKAGAL), SME Lending & Working Capital Platforms (FSAGAJAA)
Keywords
Where Satya MicroCapital is headquartered
LocationHeadquarters
- HQ city
- New Delhi
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Satya MicroCapital business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Microfinance Interest Income (JLG/LLG): Core lending product; Joint Liability Group loans of Rs. 25,000–75,000 at 23.5%–25.5% interest p.a. over 2–3 years with monthly/bi-weekly/4-weekly repayment cadence.
- Water & Sanitation Loan Interest: Special-purpose WSL loans of Rs. 30,000–75,000 at 23.9% p.a. with 1.5% + 18% GST processing fee, repaid over 2–3 years.
- MSME/Micro Business Loan Interest: Micro Business Loans (MBL) of Rs. 25,000–2,00,000 at 25%–28% interest p.a. for MSME/self-employed with 3+ years business track record.
- Individual Micro Loans (IML): Purpose-based individual loans of Rs. 45,000–1,25,000 at 23.5%–25.5% interest p.a. with 1.5% + 18% GST processing fee.
- Insurance Premium Commission (HospiCash): Embedded Group Hospital Cash and Group Personal Accident insurance products distributed to borrowers with daily cash benefit and accidental death cover.
- PM SVANidhi Loan Distribution: Government scheme collateral-free loans of INR 10,000–20,000 for street vendors impacted by the pandemic; distributed in partnership with the government.
- Debt Capital Raising (NCDs/ECB): Raises debt capital via non-convertible debentures (e.g., Rs. 42 crore NCDs from ResponsAbility) and external commercial borrowings (ECBs) from foreign banks/institutions to fund on-lending portfolio.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Limited Liability Loans (LLG/JLG): Rs. 25,000–75,000; 23.5%–25.5% p.a.; 2–3 year term |
| Unit Pricing | Monthly | Water & Sanitation Loan (WSL): Rs. 30,000–75,000; 23.9% p.a.; 2–3 year term |
| Unit Pricing | Monthly | Micro Business Loan (MBL/MSME): Rs. 25,000–2,00,000; 25%–28% p.a.; 1–3 year term |
| Unit Pricing | Monthly | Individual Micro Loan (IML): Rs. 45,000–1,25,000; 23.5%–25.5% p.a.; 2–3 year term |
| Other | Monthly | PM SVANidhi Loan (PMS): INR 10,000–20,000; collateral-free working capital for street vendors |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels9 records
Satya MicroCapital product offering
Product offeringCore offering
SATYA MicroCapital Limited is an RBI-registered NBFC-MFI (Non-Banking Financial Company - Micro Finance Institution) providing microfinance credit to underserved rural women and small businesses in India through a Joint Liability Group (JLG) lending model. The portfolio includes Limited Liability Loans (LLG), Water & Sanitation Loans, MSME Business Loans (Prayaas), Individual Micro Loans, Micro Business Loans, and PM SVANidhi Loans for street vendors, supplemented by HospiCash Insurance and SATYA 360° Healthcare Programme add-ons, distributed via 800+ branches across 26 states.
Product overview
SATYA MicroCapital Limited is an RBI-registered NBFC-MFI operating as a single integrated microfinance institution with a portfolio of distinct loan products and value-added services, rather than a platform-plus-modules architecture. The core offerings are microfinance loan products designed for the bottom of the pyramid: Limited Liability Loans (LLG) using a Joint Liability Group model, Water & Sanitation Loans (WSL), MSME Business Loan (Prayaas) for established small businesses, Individual Micro Loans (IML), Micro Business Loans (MBL), and the government-channeled PM SVANidhi Loan (PMS) for street vendors. Layered on top of these lending products are add-on services including HospiCash Insurance (TP) for hospitalization and accidental death coverage, the SATYA 360° Healthcare Programme (partnered with M-Swasth) for digital OPD, e-clinic, diagnostic, IPD, and preventive wellness services, and the Mypage Pay EMI portal (with SATYA Pay mobile app) for client self-service loan repayment. The portfolio is supported by an NBFC-MFI infrastructure with over 800 branches across 26 states serving 16+ lakh women entrepreneurs, certified by the Reserve Bank of India under section 45 IA of the RBI Act, 1934.
Differentiator
Problem solved
Functional benefit
Brands
- Prayaas Business Loan: Brand name for SATYA's MSME (Micro, Small and Medium Enterprises) Business Loan product, offered to self-employed individuals and small/medium business operators.
Products and services
- Limited Liability Loans (LLG) Joint Liability Group (JLG) lending model for rural women to start or grow micro-entrepreneurial activities. Group members share liability for repayment through a formal agreement. Loan amount Rs. 25,000–Rs. 75,000; 2-3 year term; 23.5%-25.5% interest p.a.; Monthly/4-Weekly/Bi-weekly repayment options.
- Water & Sanitation Loans (WSL) Loans designed to provide affordable financing for safe drinking water and sanitation facilities to people at the bottom of the pyramid, addressing hygiene, sanitation, and eradication of open defecation. Loan amount Rs. 30,000–Rs. 75,000; 2-3 year term; 23.9% interest p.a.; up to 1.5%+18% GST processing fee; Monthly/4-Weekly/Bi-weekly repayment.
- MSME Business Loan (Prayaas) Secured and unsecured business loans for self-employed individuals and small/medium business operators with more than three years in a similar line of business. Provides funds for business expansion, working capital, and other financial needs, supporting the Aatma Nirbhar Bharat vision.
- Individual Micro Loans (IML) Purpose-based loans facilitated to individuals without any group guarantee, evaluated on a stringent background check. Supports house renovation or business expansion. Loan amount Rs. 45,000–Rs. 1,25,000; 2-3 year term; 23.5%-25.5% interest p.a.; 1.5%+18% GST processing fee; monthly repayment.
- Micro Business Loans (MBL) Unsecured loans for the MSME segment and self-employed entrepreneurs needing urgent cash flow. Helps small businesses gain control over working capital and avoid loans from friends/family. Loan amount Rs. 25,000–Rs. 2,00,000; 1-3 year term; 25%-28% interest p.a.; 1.5%+18% GST processing fee; monthly repayment.
- PM SVANidhi Loan (PMS) Collateral-free working capital loans for street vendors severely impacted by the pandemic, supporting Atma Nirbhar Bharat. Establishes credit score and digital record of socio-economic status for informal sector vendors. Loan amount INR 10,000-20,000; monthly/4-weekly repayment; 1.5%+18% GST processing fee.
- HospiCash Insurance (TP) Allowance cover providing daily cash benefits of Rs. 1,000/day for up to 30 days per year for hospitalization (Rs. 2,000/day for ICU) of borrower or co-borrower, plus Rs. 1,00,000 accidental death benefit. Offered as Group Hospital Cash and Group Personal Accident with coverage tied to loan tenure; no waiting periods.
- SATYA 360° Healthcare Programme Comprehensive health and wellness initiative developed in partnership with M-Swasth, offering Digital OPD (24/7 teleconsultations), E-Clinic services (vitals check, doctor consultation, free prescribed medicines), diagnostic services at discounted rates, IPD hospitalization coverage, and preventive care/wellness services for clients and employees.
Quantifiable outcome
- Expanded to 800+ branches across 26 states
- +4 more outcomes
Companies that use Satya MicroCapital
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles5 records
Satya MicroCapital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Satya MicroCapital partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- M-SwasthcoreSATYA and M-Swasth partnered with a shared vision to deliver holistic health and wellness through the SATYA 360° Healthcare Programme - Digital OPD 24/7 teleconsultation, E-Clinic services, discounted diagnostics, and IPD coverage for clients and employees.
- SATYA Shakti FoundationcoreSATYA Shakti Foundation is an NPO under the flagship of SATYA MicroCapital Ltd. with the central theme of philanthropy and human welfare; works closely with marginalized communities in sanitation, health, education, and empowerment.
- SATYA Micro Housing Finance Private Limited (SMHFPL)coreSMHFPL (formerly Baid Housing Finance Private Limited) is a Housing Finance Company registered with the National Housing Bank (NHB), addressing housing finance needs of LMI and informal income families in semi-urban and rural India.
- MFIN (Microfinance Institutions Network)coreIndustry self-regulatory organization; Vivek Tiwari serves as Vice Chairperson and Board Member since 2020; SATYA escalates customer grievances to MFIN and uses it for industry advocacy.
Scale indicators14 records
Recent moves6 records
Expansion highlights6 records
Satya MicroCapital competitors and assessment
Company assessmentDirect peers
- Asirvad Micro Finance: NBFC-MFI operating across India with JLG lending to BoP women borrowers; SATYA's COO-South (G. Radha Krishna Sarma) previously worked at Asirvad, evidencing comparable operating model and product economics.
- CreditAccess Grameen: Listed Indian NBFC-MFI focused on rural women JLG lending across multiple states. Directly comparable in target segment, JLG methodology, and geographic spread to SATYA's 800-branch, 26-state footprint.
- Muthoot Microfin: NBFC-MFI arm of Muthoot Group providing JLG microcredit to rural women. Comparable product set, ticket sizes and borrower segment, with similar institutional debt-funded capital structure.
- Vedika Credit Capital: Mid-sized Indian NBFC-MFI with comparable JLG-focused rural women borrower segment; SATYA's COO-East Balwant Kumar previously worked at Vedika, evidencing direct operating-model overlap.
- Ujjivan Small Finance Bank: Converted from MFI to SFB; serves overlapping rural women microfinance segment with similar JLG-originated customer base but now offers deposits, insurance and MSME loans via banking license — a relevant structural-comparison point for SATYA's eventual evolution.
- Cashpor Micro Credit: NBFC-MFI focused on rural BoP JLG lending with comparable mission-driven operating model. SATYA's CTO Ashutosh Srivastava and COO-North Jitendra Pandey both had prior stints at Cashpor.
- Satin Creditcare Network Limited (SCNL): One of India's largest listed NBFC-MFIs with similar JLG-led rural women borrower focus. Several SATYA executives (e.g., Ashutosh Srivastava, Jitendra Kr. Pandey, Manoj Kumar) came from SCNL, underscoring direct operational comparability in product mix, ticket sizes and center-meeting distribution model.
- IntelleCash Microfinance (now Vistaar Financial Services): Indian NBFC-MFI providing JLG microcredit to underserved rural borrowers; Balwant Kumar previously worked at Intellecash, reflecting same JLG field-led operating model and comparable borrower profile.
- Spandana Sphoorty Financial Services: Large Indian NBFC-MFI serving rural women through JLG with similar ticket-size and pricing structure. SATYA's National Head Manoj Kumar previously worked at Spandana, reflecting deep operational similarity.
Broad incumbents
- Bandhan Bank: Originated as Bandhan as a leading Indian MFI before converting to a universal bank. Operates broadly in microfinance, MSME and retail banking with similar rural-women borrower DNA, but at much greater scale and with a banking license SATYA does not hold.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Satya MicroCapital social profiles
Digital presenceSatya MicroCapital compliance and trust
Trust signalCompliance3 records
Satya MicroCapital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Satya MicroCapital leadership team
Management profileNumber of profiles
Profiles20 records
Satya MicroCapital subsidiaries and ownership
Company hierarchySubsidiaries2 records
Satya MicroCapital funding detail
Funding detailFunding overview
Funding rounds16 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Satya MicroCapital M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Satya MicroCapital
What does Satya MicroCapital do?
SATYA MicroCapital Limited is an RBI-registered NBFC-MFI (Non-Banking Financial Company - Micro Finance Institution) providing microfinance credit to underserved rural women and small businesses in India through a Joint Liability Group (JLG) lending model. The portfolio includes Limited Liability Loans (LLG), Water & Sanitation Loans, MSME Business Loans (Prayaas), Individual Micro Loans, Micro Business Loans, and PM SVANidhi Loans for street vendors, supplemented by HospiCash Insurance and SATYA 360° Healthcare Programme add-ons, distributed via 800+ branches across 26 states.
Is Satya MicroCapital a public or private company?
Satya MicroCapital is a private company. It is classified as venture growth investor backed and is currently operating.
When was Satya MicroCapital founded?
Satya MicroCapital was founded in 1995. It employs 5,001 to 10,000 people.
Where is Satya MicroCapital based?
Satya MicroCapital is headquartered in New Delhi, India, in the Asia region.
How does Satya MicroCapital make money?
Seven revenue lines are on record. Microfinance Interest Income (JLG/LLG) is the primary driver. The others are water & Sanitation Loan Interest, MSME/Micro Business Loan Interest, individual Micro Loans (IML), insurance Premium Commission (HospiCash), PM SVANidhi Loan Distribution and debt Capital Raising (NCDs/ECB).
Who are Satya MicroCapital's main competitors?
Direct peers on record are Asirvad Micro Finance, CreditAccess Grameen, Muthoot Microfin, Vedika Credit Capital, Ujjivan Small Finance Bank, Cashpor Micro Credit, Satin Creditcare Network Limited (SCNL), IntelleCash Microfinance (now Vistaar Financial Services) and Spandana Sphoorty Financial Services. Bandhan Bank is listed as a broad incumbent.
Does Satya MicroCapital have an API?
No public API is recorded for Satya MicroCapital.
What industry is Satya MicroCapital in?
Satya MicroCapital's product category is Microfinance Services. Its primary akta.pro industry code is FSAKAGAA, Microloans & Working Capital Loans, with a secondary code of BPAGABAM, Microfinance, Financial Inclusion & Inclusive Markets. Its NAICS code is 5222 and its SIC code is 6159.