Satin Creditcare Network Limited

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Satin Creditcare Network Limited
Limited Liability Company
SATIN CREDITCARE NETWORK LTD. Regional Office: 248, 2nd Floor, LIG Colony, KK Nagar Madurai – 625020
Madurai - 625020

No. of Branches : 0 | Total No. of Staffs : < 50

About Employer

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.