Satin Creditcare Network
About Satin Creditcare Network
About Satin Creditcare Network
Founded in
1990 (34 yrs old) Ownership
Public
India Employee count
5k-10k Global Employee count
10k-50k Headquarters
Gurgaon/Gurugram, Haryana, India
Office Locations
Gurgaon/Gurugram, Haryana, India
CEO Suggest Founders Suggest Type of Company
Indian MNC
Nature of Business
B2C
|
B2B
Company Email ID Suggest Company Contact no. Suggest Social Media Presence Suggest Website
satincreditcare.com
Satin Creditcare is one of the leading Microfinance Companies in India. Satin is an NBFC(non-banking financial corporation) that Aims to Make a Difference in the Lives of Excluded Masses. Satin Creditcare Network Limited (SCNL or “Satin”) was conceptualized and founded in 1990 by Mr. H P Singh – a qualified Chartered Accountant with over three decades of experience in retail finance industry. In around 28 years since its inception, Satin today is India’s second largest MFI (as of March 2018) having started its journey with individual micro loans to urban shopkeepers. Today, the Company has an established, scalable and a sustainable business model. On a consolidated basis, Satin had an AUM of Rs. 6025.7 Crores as on June 31, 2018. SCNL offers its clients a variety of loan products under the MFI segment. The company also offers a bouquet of financial products in the Non-MFI segment comprising of loans to MSMEs and business correspondent services & similar services to other financial Institutions through Taraashna Services Limited (TSL) a business correspondent company and a subsidiary of SCNL. In April 2017, SCNL also incorporated a wholly owned housing finance subsidiary for providing loans in the affordable housing segment. This is a logical extension of Satin’s mission to provide financial products that cater to the undeserved segments of the market. As of March 2018, SCNL had 1017 branches and a headcount of 9,368 across 18 states and union territories serving 30 lakhs clients. SCNL has a strong presence throughout Uttar Pradesh, Bihar, Madhya Pradesh, Punjab, Assam, West Bengal and Odisha and is a dominant player in other states of operations. In April 2017, SCNL also incorporated a wholly owned housing finance subsidiary (Satin Housing Finance Limited or “SHFL”) for providing loans to the affordable housing segment. Mission: SCNL has a mission to provide financial assistance to a large number of households which are excluded from the ambit of mainstream financial service providers so as to enhance their livelihood and promote a productive environment.
Vision: To be a one stop solution for the financially excluded households at the bottom of the pyramid for all their financial requirements.
To be a financial service power-house with a range of financial products designed and suited for the financially excluded community.
Primary Industry
i
Primary industry refers to the industry from which a company drives
its maximum revenue.
NBFC
(Financial Services)
Other Industry
i
Other industries refer to additional industries in which a company
operates other than its primary industry.
Financial Services
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