Satin Creditcare Network

What Satin Creditcare Network does

Satin Creditcare Network Limited (NSE: SATIN/SCNL) is a publicly listed Indian non-banking financial company — microfinance institution (NBFC-MFI) founded in 1990 and headquartered in Gurugram, India. It is the fourth-largest NBFC-MFI in the country by Gross Loan Portfolio, serving over 3.4 million active clients — predominantly women entrepreneurs organized into Joint Liability Groups (JLGs) across 1,07,237 villages in 32 states and Union territories. The core business is collateral-free microcredit disbursed through a field-based model with 11,239 loan officers operating from 2,015 branches, with average ticket sizes of Rs 61,253. The company also operates a tablet-based digital onboarding system with Aadhaar eKYC, real-time portfolio analytics, and the LoanDost digital lending platform.

The group operates a diversified financial services stack through wholly owned subsidiaries: Satin Housing Finance (affordable housing), Satin Finserv Limited (MSME and secured lending — crossed Rs 1,000 crore AUM in FY26 with ~93% YoY growth), Satin Growth Alternatives Ltd (SEBI-approved Category II AIF targeting financial inclusion and women-led businesses), Satin Technologies Limited (technology/innovation arm), and majority-owned QTrino Labs (quantum-safe cybersecurity). Revenue is generated primarily through interest income on microcredit, MSME, housing, vehicle, and loan-against-property portfolios, supplemented by co-lending and business correspondent fees with bank partners including Karnataka Bank and Standard Chartered. Major funding sources include USD ECBs, dollar-denominated bonds (BlueOrchard), NCDs (impact investors), Tier II capital, and a QIP raised in 2023. Satin's capital allocation in FY26 supports a target of Rs 32,000 crore AUM by FY30, guided by AUM growth of 15-20% in FY27, with FY26 reported consolidated revenue of Rs 3,137.25 crore (up 22.11% YoY) and PAT of Rs 332.19 crore (up 78.47% YoY).

Name

Satin Creditcare Network

Legal name

Satin Creditcare Network Limited

Website

https://satincreditcare.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Satin Creditcare Network is India's fourth-largest NBFC-MFI, providing collateral-free microcredit and financial services to over 3.4 million women entrepreneurs through 2,015 branches and 11,239 loan officers across 32 states, with diversified subsidiaries in housing, MSME, AIFs, and cybersecurity.

Ownership category

akta.pro rank

Product category

Microfinance

NAICS

Nondepository Credit Intermediation (5222), Sales Financing (52222)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Agricultural & Rural Microfinance (FSAKAGAG)

akta.pro secondary industries

Microloans & Working Capital Loans (FSAKAGAA), Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF)

Keywords

• Microfinance lending
• Joint liability groups
• Rural lending
• MSME financing
• Women entrepreneurship

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Microfinance Lending Interest Income: Interest income from collateral-free microcredit loans extended to women borrowers through Joint Liability Groups. Primary revenue driver representing the core MFI business.
2. MSME and Secured Lending: Interest income from MSME loans, loan-against-property (LAP), affordable housing finance, and vehicle loans through subsidiaries including Satin Finserv and Satin Housing Finance
3. Co-lending and BC Fees: Fee income from co-lending arrangements with banks and business correspondent services

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Satin Creditcare Network Limited provides collateral-free microfinance loans to underserved women entrepreneurs across rural and semi-urban India, organized through the Joint Liability Group (JLG) methodology. The company also extends MSME loans, affordable housing finance, vehicle loans, and loan-against-property products through wholly-owned subsidiaries (Satin Housing Finance, Satin Finserv), and operates a SEBI-approved Category II Alternative Investment Fund (SGAL-Scheme 1) focused on financial inclusion and sustainable development.

Product overview

Satin Creditcare Network is a leading NBFC-Microfinance Institution offering a diversified portfolio of microfinance products including Income Generation Loans, Water Sanitation and Hygiene Loans, and Product Financing to underserved communities, primarily women entrepreneurs in rural India. The company operates a multi-product strategy through its subsidiaries: Satin Finserv Limited (housing finance and MSME loans), Satin Housing Finance (affordable housing), and Satin Growth Alternatives Ltd (impact-focused AIF). The group has expanded into technology with Satin Technologies Ltd subsidiary and cybersecurity through the acquisition of QTrino Labs. The company serves over 3.4 million clients through 1,568 branches across 22+ states.

Differentiator

Problem solved

Functional benefit

Brands

• SCNL Canopy: Business model and product portfolio framework
• LoanDost
• Satin Finserv
• Satin Housing Finance
• SGAL-Scheme 1

Products and services

• Income Generation Loan Collateral-free microfinance loan for women entrepreneurs in rural and semi-urban India to start or expand income-generating business activities such as weaving, animal husbandry, agriculture, and small trading. Disbursed through Joint Liability Groups with average ticket size reaching Rs 61,253 in FY26.
• Water, Sanitation and Hygiene Loan Microfinance product providing loans for water, sanitation and hygiene infrastructure improvements for rural households, recognized with the 'Best Innovative Financial Accessibility model for WASH' award by ISC FICCI.
• Product Financing Loan product for financing various products and consumer goods for underserved communities in rural India.
• Affordable Housing Finance Affordable housing finance solutions for low-income households, delivered through wholly-owned subsidiary Satin Housing Finance Private Limited which acquired the housing finance license from the National Housing Bank in November 2017.
• MSME and Secured Lending MSME loans, loan-against-property (LAP), vehicle loans, and sustainable business financing through wholly-owned subsidiary Satin Finserv Limited, which crossed Rs 1,000 crore AUM in FY26 with approximately 93% YoY growth.
• SGAL-Scheme 1 Alternative Investment Fund SEBI-approved Category II Alternative Investment Fund of Rs 200 crore operated by Satin Growth Alternatives Ltd (SGAL), targeting financial inclusion, sustainability, and impact sectors with a focus on women-led businesses, using quasi equity/debt instruments.
• LoanDost Digital Lending Platform Digital lending application launched in November 2018 for streamlined loan disbursement, customer onboarding, UPI AutoPay loan repayments, and online payment gateway for loan servicing.

Quantifiable outcome

• AUM growth to Rs 15,174 crore in FY26, up 18.7% YoY
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered strategic, core and minor.

• Sa-DhanstrategicStrategic or Co-development Partner · 19 June 2026RBI-recognised Self-Regulatory Organisation for microfinance. H P Singh elected as new board member. Satin Creditcare participates as member institution committed to advancing financial inclusion.
• QTrino Labs Private LimitedstrategicTechnology or Integration · 17 January 2026IIT-incubated deep-tech cybersecurity startup specializing in quantum-safe security solutions. Satin Technologies acquiring up to 76.40% stake, making QTrino a subsidiary.
• Karnataka BankcoreChannel Partner/ Reseller/ Distributor · 1 January 2024Co-lending agreement enabling collaborative lending arrangements for wider reach and risk-sharing.
• d.lightminorStrategic or Co-development PartnerPartnership to empower rural households in Uttar Pradesh with solar solutions through joint financing arrangements.
• Greenlight PlanetminorStrategic or Co-development PartnerPartnership to bring solar solutions to rural households in Punjab and Haryana.
• Hero CyclesminorStrategic or Co-development PartnerJoint initiative to disburse 87,000 bicycles to women borrowers in India.
• Augmont Gold For AllminorStrategic or Co-development PartnerPartnership for gold-based financing products and services.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Fusion Microfinance: Indian NBFC-MFI providing JLG-based microcredit to rural and semi-urban women borrowers. Direct peer with similar loan products, customer profile, and BSE/NSE listing status.
• Spandana Sphoorty Financial: Listed Indian NBFC-MFI providing microfinance loans primarily to low-income women borrowers through the JLG model. Direct comparable in scale, customer segment, and distribution approach.
• CreditAccess Grameen: India's largest NBFC-MFI by AUM, operating a JLG-based rural microfinance model lending to women borrowers. Closely comparable in product, geography, target customer, and growth stage to Satin Creditcare.
• Annapurna Finance: Odisha-based NBFC-MFI providing microfinance loans through JLG model primarily to rural women borrowers. Comparable in target customer, loan product, and regulatory classification as an NBFC-MFI.
• Muthoot Microfin: Wholly-owned subsidiary of Muthoot Finance providing microfinance loans to women through JLG groups. Direct comparable operating with similar rural distribution and product set.
• Asirvad Micro Finance: Chennai-headquartered NBFC-MFI providing JLG microfinance and SME loans to underserved segments. Comparable in lending model, regulatory classification, and target customer base; its CEO Roy Varghese sits alongside Satin's CMD on the Sa-Dhan board.

Broad incumbents

• Ujjivan Small Finance Bank: Converted microfinance institution now operating as a small finance bank with group lending and individual loan products. Overlaps with Satin on microfinance customer segment but offers a broader banking and deposit franchise.
• ESAF Small Finance Bank: Small finance bank with roots in microfinance lending to underserved rural and semi-urban segments. Comparable in customer base and inclusion mission but operates a deposit-taking banking model.
• Bandhan Bank: Originated as a microfinance institution before converting to a universal commercial bank; continues to be a dominant MFI lender in India with broader banking services. Comparable on the microfinance core but operates a much larger banking franchise.
• HDFC Bank (Microfinance division): India's largest private-sector bank with a financial inclusion and microfinance lending program under its priority sector lending framework. Not a pure-play MFI but competes for the same underserved borrower base via partnership and BC models.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/SatinCreditcare
• YouTubeyoutube.com/channel/UC-BD0Q7wI6Ej5dHalsg7hEw
• Facebookfacebook.com/SatinCreditcareNetworkLtd
• LinkedInlinkedin.com/company/987977/admin
• Instagraminstagram.com/satin_creditcare

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries5 records

Funding overview

Funding rounds15 records

Investors23 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Satin Creditcare Network