About Satin Creditcare Network Ltd in , Delhi

Satin Creditcare Network Limited (SCNL) was formed in 1990 as a Non-Banking Finance Company (NBFC) with the simple concept of providing individual loans to urban shopkeepers for the working capital requirement of their tiny businesses. Since then the company has expanded and evolved into the largest Microfinance Institutions (MFI) in Northern India and is the 5th largest MFI in the country. The business model of the company revolves around dual bottom line approach by connecting financially excluded households to mainstream assured financial services in commercially sustainable manner.

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. With the vision to be a one stop solution for the financially excluded households at the bottom of the pyramid for all their financial requirements & a financial service power-house with a range of financial products designed and suited for the financially excluded community.

The company has been guided by extremely dynamic board with diversified experience in business, financial management, law and administration. SCNL follows the fair practice guideline as prescribed by the regulator (RBI) and the industry code of conduct by self-regulatory organization (SRO) MFIN.

At present, SCNL has its strong presence and serves its clients throughout Bihar, Chandigarh, Delhi, Haryana, Jammu, Maharashtra, Madhya Pradesh, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand, Himachal Pradesh, Gujarat, West Bengal, Jharkhand and Chhattisgarh. The company’s microfinance operation is currently based on both Joint Liability Group (JLG) model as well Self Help Group model (SHG).

In addition, to the above SCNL is also listed on Delhi, Jaipur and Ludhiana stock exchanges since 1996 through an IPO. SCNL is also listed on The Calcutta Stock Exchange (CSE), National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).