Satin Creditcare operates on a robust business model, integrating microfinance, affordable housing, and MSME lending to serve as a one-stop financial solution for rural and underserved communities
WHERE WE DO IT
Scalable Model
Proven success in replication, reinforced by industry-leading repayment performance, driving sustainable growth and unmatched reliability.
HOW WE DO IT
Low Cost Operations
Built on a foundation of a vast branch network, a cutting-edge proprietary IT platform, and robust internal controls, ensuring excellence and scalability.
OUR VALUES
Financial Inclusion
Commitment to achieving socio-economic progress of low-income communities.
WHO WE ARE
NBFC-MFI Leader with a Rich Heritage
With over three decades of operations, the SCNL Group stands as a leader in the financial sector, actively operating in 29 states across India and servicing financial solutions.
WHY WE EXIST
Massive Opportunity
Serving over 3 million borrowers across the Group’s existing states of operation, driving financial inclusion and empowerment.
WHAT WE DO
Low Risk Lending
Responsible lending exclusively for income generation.
On standalone basis
1,361
Branches
33,91,583
Clients
15,153
Employees
10,563
Outstanding (CR)
Satin Creditcare Network Limited (SCNL) began its journey in 1990 with a vision to empower small businesses by offering individual loans, establishing itself as a pioneering financial partner when others hesitated to explore niche segments like consumer durables, daily collection, and no-go areas. The company’s bootstrap approach ensured profitability from the start, reflecting its resilience and innovative spirit. In 1996, SCNL became one of the oldest listed entities by securing its place on regional stock exchanges, including Delhi, Ludhiana, and Jaipur. By 1998, the Reserve Bank of India recognized SCNL as an NBFC, and in 2013, it achieved NBFC-MFI status.
SCNL’s business model has continuously evolved to meet the changing needs of its customers. From 1990 to 2008, it focused on individual lending, before transitioning to the Joint Liability Group (JLG) model in 2008 to provide collateral-free micro-credit to economically active women in rural and semi-urban areas, furthering its mission of financial inclusion. In 2005, SCNL raised its first loan from SIDBI, a milestone that marked its growing credibility. By 2016, the company expanded into secured asset classes with the incorporation of Satin Housing Finance Limited for affordable housing and Satin Finserv Limited for MSME lending.
In 2024, SCNL took another leap forward by embracing technology through the establishment of a new subsidiary, demonstrating its commitment to innovation. Beyond micro-credit, the company finances consumer durable items, solar products, bicycles, home appliances, and WASH loans, embodying its responsible finance ethos.
Satin Creditcare Network Limited (SCNL) is poised to evolve as a one-stop, diversified financial services provider catering to the unique needs of rural India. Building on its strong foundation, the company is set to leverage its wholly-owned subsidiaries.
Today, SCNL is a trusted financial partner for millions of households, solidifying its position as the leading NBFC-MFI serving rural India. With a presence spanning 29 states and union territories, the company reaches some of the most remote regions and marginalized communities. SCNL is committed to serving areas often overlooked and populations typically deemed unreachable, aligning with its vision to advance financial inclusion and uplift disadvantaged sections of society. The goal is to empower and create opportunities in every community it touches.