Satin Creditcare Network Ltd., founded on 16th October 1990 and led by CMD Mr. H.P. Singh, is a leading NBFC-MFI focused on financial inclusion through the Joint Liability Group (JLG) model. It offers collateral-free microcredit to economically active women in rural and semi-urban areas, along with MSME, individual, solar, and sanitation loans. Operating across 18 Indian states/UTs with 898 branches, 2.71 million clients, and over 8,300 employees, it is headquartered in New Delhi. Key subsidiaries include Taraashna Services Ltd. and Satin Housing Finance Ltd.
Satin Creditcare Network Limited was founded on 16thOctober 1990. The Chairman and Managing Director is Mr. H.P. Singh. The business is primarily based on the Joint Liability Group (JLG) model for providing collateral free, microcredit facilities to economically active women in rural and semi-urban areas. It also provides loans to individual businesses, loans to MSMEs, product loans for financing purchase of solar lamps and loans for development of water connection and sanitation facilities. It converted to a Non-Banking Financial Company-Micro Finance Institution in November 2013.
Operations: 18 states and union territories in India.
Number of Branches:898
Headquarters:New Delhi
Number of Employees:8,384
Number of Clients:2.71 Million
Subsidiaries:
