Satin Creditcare Network
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.
- Company typePublic
- Founded1990
- HeadquartersGurugram, India
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
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).
Satin Creditcare Network firmographics
Firmographics- 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
Satin Creditcare Network industry classification
Industry- 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
Where Satin Creditcare Network is headquartered
LocationHeadquarters
- HQ city
- Gurugram
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
Satin Creditcare Network business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- 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.
- 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
- Co-lending and BC Fees: Fee income from co-lending arrangements with banks and business correspondent services
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Microfinance loans at market-determined rates |
| Usage-based | Semi-annually | Dollar-denominated bonds |
| Other | Multi-year contract | Convertible warrants to promoters |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
Satin Creditcare Network product offering
Product offeringCore 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
Companies that use Satin Creditcare Network
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Satin Creditcare Network technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Satin Creditcare Network partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered strategic, core and minor.
- Sa-DhanstrategicRBI-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 LimitedstrategicIIT-incubated deep-tech cybersecurity startup specializing in quantum-safe security solutions. Satin Technologies acquiring up to 76.40% stake, making QTrino a subsidiary.
- Karnataka BankcoreCo-lending agreement enabling collaborative lending arrangements for wider reach and risk-sharing.
- d.lightminorPartnership to empower rural households in Uttar Pradesh with solar solutions through joint financing arrangements.
- Greenlight PlanetminorPartnership to bring solar solutions to rural households in Punjab and Haryana.
- Hero CyclesminorJoint initiative to disburse 87,000 bicycles to women borrowers in India.
- Augmont Gold For AllminorPartnership for gold-based financing products and services.
Scale indicators10 records
Recent moves9 records
Expansion highlights6 records
Satin Creditcare Network competitors and assessment
Company assessmentDirect 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
Satin Creditcare Network social profiles
Digital presenceSatin Creditcare Network compliance and trust
Trust signalCompliance7 records
Satin Creditcare Network financial estimates
Financial estimateRevenue estimate
Valuation estimate
Satin Creditcare Network leadership team
Management profileNumber of profiles
Profiles15 records
Satin Creditcare Network subsidiaries and ownership
Company hierarchySubsidiaries5 records
Satin Creditcare Network funding detail
Funding detailFunding overview
Funding rounds15 records
Investors23 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Satin Creditcare Network M&A and investment
M&A and investmentM&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
What does Satin Creditcare Network do?
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.
Is Satin Creditcare Network a public or private company?
Satin Creditcare Network is a public company. It is classified as public and is currently operating.
When was Satin Creditcare Network founded?
Satin Creditcare Network was founded in 1990. It employs 5,001 to 10,000 people.
Where is Satin Creditcare Network based?
Satin Creditcare Network is headquartered in Gurugram, India, in the Asia region.
How does Satin Creditcare Network make money?
Three revenue lines are on record. Microfinance Lending Interest Income is the primary driver. The others are MSME and Secured Lending and co-lending and BC Fees.
Who are Satin Creditcare Network's main competitors?
Direct peers on record are Fusion Microfinance, Spandana Sphoorty Financial, CreditAccess Grameen, Annapurna Finance, Muthoot Microfin and Asirvad Micro Finance. Broad incumbents are Ujjivan Small Finance Bank, ESAF Small Finance Bank, Bandhan Bank and HDFC Bank (Microfinance division).
Does Satin Creditcare Network have an API?
No public API is recorded for Satin Creditcare Network.
What industry is Satin Creditcare Network in?
Satin Creditcare Network's product category is Microfinance. Its primary akta.pro industry code is FSAKAGAG, Agricultural & Rural Microfinance, with a secondary code of FSAKAGAA, Microloans & Working Capital Loans. Its NAICS code is 5222 and its SIC code is 6153.