Satin Group Profile
Satin Creditcare was founded in 1990, beginning its journey by offering individual and small business loans, catering to urban lenders.
After its 1997 IPO, the company listed on DSE, LSE, and JSE. Later, complying with SEBI guidelines after their derecognition, it listed on CSE on May 19, 2015, NSE on August 26, and BSE on October 20 of the same year.
Our commitment to financial inclusion led us to become a registered Non-Banking Financial Company (NBFC) with the RBI in 1998. Further, we transformed into an NBFC-Microfinance Institution (NBFC-MFI) in November 2013, solidifying our mission to empower underrepresented segments of society.
We embarked on a journey to reach out to those with limited access to mainstream financial services. This led us to develop the Joint Liability Group (JLG) model, enabling us to provide collateral-free microcredit facilities primarily to economically active women in rural and semi-urban areas. Our dedication to serving these communities prompted us to expand our operations to 23 states and union territories across India.
The evolution of Satin Finserv has been marked by strategic moves to enhance our offerings and expand our reach.
Our portfolio extends beyond microcredit to encompass loans for individual businesses and Micro, Small & Medium Enterprises (MSMEs). We also provide financing solutions for product purchases, such as solar lamps, and contribute to essential infrastructure development through water connection and sanitation facility loans.
Principle Partners for JLG Businesses
