About Satin Creditcare Network Limited (SCNL)

Satin Creditcare Network Limited (SCNL) is one of India’s leading NBFC-MFIs, providing accessible, collateral-free microloans to economically active women across rural and semi-urban India through the Joint Liability Group model. Incorporated in 1990, the Company secured RBI registration as an NBFC in 1998 and converted into an NBFC-MFI in 2013, later listing on BSE and NSE in 2015. Over more than three decades, SCNL has built a tech-enabled credit platform that supports income-generating activities and community development at the last mile.

The Group’s offerings span Income Generation Loans (IGL), Water, Sanitation and Hygiene (WASH) loans, and product financing including green loans. It also extends retail MSME loans, affordable housing finance, and technology solutions (loan management, core banking and talent management systems) to strengthen efficiency and customer experience. SCNL operates solely in India, with no international offices, and maintains a deep distribution network across 29 states and union territories, reaching more than 1,00,000 villages through 1,568 branches and 529 districts as of March 31, 2025. The Company has three subsidiaries, enabling an end-to-end customer journey from microfinance to secured products and technology enablement.

Satin Creditcare Network Limited Milestones 

Key milestones include acquisition of Taraashna Financial Services Limited (2016); expansion into affordable housing finance (2017) and MSME lending (2018); completion of the merger of two wholly-owned subsidiaries in 2023; and incorporation of a technology subsidiary in 2024. The Company’s footprint and operating model continue to evolve around prudent underwriting, digital enablement, and financial inclusion.

Satin Creditcare Network Limited (SCNL) Key Management

• Dr. Harvinder Pal Singh – Chairman cum Managing Director
• Manoj Agrawal – Chief Financial Officer
• Vikas Gupta – Company Secretary & Chief Compliance Officer
• Aditi Singh – Chief Strategy Officer

Latest Updates on Satin Creditcare Network Limited (SCNL)

• Strategic funding: SCNL successfully raised a USD 100 million syndicated social term loan via External Commercial Borrowing during the year, further diversifying its funding base . It also raised Rs 332 crore through NCDs from the Dutch Entrepreneurial Development Bank (FMO), marking a strategic long-term engagement with a global development institution.
• Subsidiary developments: The Company incorporated a new technology subsidiary to drive digital solutions and operational autonomy, focusing on product innovation, partnerships and potential acquisitions; a defined operating model and secure independent IT infrastructure were established.
• Network expansion: SCNL expanded its physical presence with 175 new branches in 2024–25, reinforcing reach to underserved markets at the last mile.
• Recognitions: SCNL was honoured as ‘Microfinance Organization of the Year’ (large category) at the Global Inclusive Finance Summit 2024. It also received the ‘Dominant Microfinance of the Year Award’ at the 17th NBFC & Fintech Awards 2024; ‘Best Solution in Cash Management, India’ at the Asset Triple A Awards; and ‘Best Technology Innovation for Operational Efficiency (Microfinance)’ at the 5th Annual BFSI Excellence Awards.