Our Subsidiaries

SATIN HOUSING FINANCE LIMITED

Satin Housing Finance Limited (SHFL) is a newly incorporated on April 17, 2017 as a wholly owned subsidiary company of Satin Creditcare Network Limited (SCNL). The SHFL has its registered office in New Delhi, and have started its operations after receiving a formal approval from the regulator, i.e. National Housing Bank (NHB).

SHFL will be engaged in providing long-term finance for purchase, construction, extension and repair of houses for the retail segment along with loans against residential property, commercial property and plots.

SHFL will offer a suite of innovative and flexible loan products, in sync with customers’ needs and at competitive pricing.

SHFL is avowedly a strong believer of complete transparency and fairness in all its dealings and managed by experienced professionals who, as their prime mantra, are easily accessible and are highly committed to excellence in customer satisfaction.

Year Financial statement
2018-19 Download
2017-18 Download

To know more, please visit:

www.satinhousingfinance.com

TARAASHNA FINANCIAL SERVICES LIMITED

Taraashna Financial Services Limited (“TFSL”) (Erstwhile Taraashna Services Limited), was incorporated on May 22, 2012 under the Companies Act, 1956 with the Registrar of Companies, National Capital Territory of Delhi and Haryana. TFSL is enabled under its objects to carry on the business of, among other things, the promotion and nurturing of SHG, JLG and MSME and linking them to banks and other financial institutions for availing different financial services and to provide capacity-building support. TFSL has also commenced providing business correspondence services for secured loans to small businesses, through its Principal Partners.

SCNL has acquired TFSL as its subsidiary, pursuant to a special resolution passed by its shareholders on July 30, 2016. TFSL acts as a business correspondent for banks & NBFCs and provides similar services to other financial institutions in rural and semi-urban areas. TFSL has collaborated with seven Principal Partners, including five Scheduled Commercial Banks (Yes Bank, DCB Bank, RBL Bank, IndusInd Bank and State Bank of India) and two NBFCs (Reliance Commercial Finance and Northern Arc Capital (erstwhile IFMR Capital)) to provide such services and seeks to expand its association with other banks and financial institutions. TFSL assesses the credit requirement of the members of the groups and evaluates their credit history, their historical and current cash flow and the sustainability of their ongoing economic activities.

As on March 31, 2019, TFSL had 180 branches across Madhya Pradesh, Gujarat, Bihar, Rajasthan, Chhattisgarh, Maharashtra, Punjab and Uttar Pradesh and had provided services in respect of gross loans aggregating to ₹6042.10 million. The total income of TFSL for fiscal 2016, 2017, 2018 and 2019 was ₹322.65 million, ₹404.83 million, ₹538.58 million and ₹682.84 million respectively.

TFSL’s business allows the company, to leverage on the expertise and knowledge of SCNL in the financial sector, gained over a period of over 25 years. It also enables the company to be involved in higher ticket size transactions, this experience is expected to have a significant advantage as the company’s overall business grows in scale, diverse products are introduced and ticket sizes increase. The acquisition of TFSL has also further diversified the SCNL’s revenue streams to include fee income, which SCNL believes will add value, further its growth and also act as a hedge against any risks that its microfinance business may face.

TFSL seeks to enter into arrangements with various other banks and financial institutions to scale the business correspondent and allied services business and in new product and new geographies. SCNL believes there is significant business opportunity and regulatory push in this area, with the RBI actively supporting the business correspondent model as a means to achieve the objective of financial inclusion for all.

Year Financial statement
2018-19 Download
2017-18 Download
2016-17 Download

To know more, please visit:

www.taraashna.in

Satin Finserv Limited

satinfinsever-logo

Satin Finserv Limited is a subsidiary of Satin Creditcare Network Limited, a leading NBFC-MFI in India. SFL aim is to “serve the small business owners (MSMEs) in a manner that is mutually beneficial” by providing them loans for their business needs. SFL will have specific focus on small business owners in manufacturing, trading and services posting an annual turnover of less than Rs. 200 lakhs. SFL has adopted a unique credit underwriting and assessment model to understand the income source and derive eligibility of the potential customers. The customised processes are designed to deliver speed, flexibility and simplicity to the customers, while ensuring adequate control.

SFL’s product offerings include MSME – LAP. Loans in the range of Rs. 2 lakh to Rs. 15 lakhs are offered to customers falling under the category defined and against an “immovable property”. Eligibility is measured across multiple parameters, with loan amount depending on the type, quality and market value of the collateral security a customer is able to offer. SFL considers a wide range of properties for this purpose and the customers can repay the loan in easy equated monthly instalments over a chosen period of time. Non-individuals, self-employed non-professionals / professionals, businesses (registered or otherwise), lower and middle income groups are the key SFL target.

Year Financial statement
2018-19 Download

MSME Business Loan

Wholesale Lending

To know more, please visit:

www.satinfinserv.in