Satin was formed in 1990 as a Non-Banking Finance Company (NBFC) with the simple concept of

providing individual loans to urban shopkeepers to purchase generators for their businesses. Since that time, the company has expanded and evolved into one of the leading microfinance institutions in North India. Satin provides loans to both the urban and rural poor to meet their productive requirements in starting new businesses or growing existing ones. The company’s urban microfinance operation is based on the individual/mutual-liability model and serves clients throughout Delhi, Uttar Pradesh, Punjab Haryana, Rajasthan and Uttarakhand. The rural microfinance operation is based on the Nobel Prize-winning Grameen Bank Joint Liability Group (JLG) model and currently operates in Uttar Pradesh, Rajasthan and Madhya Pradesh. Satin is listed on the Delhi, Jaipur and Ludhiana (all Indian) stock exchanges.