About
Basic Data Updated:
1 month agoSatin Creditcare Network Limited, a microfinance company based in Delhi, has been registered with the Reserve Bank of India (RBI) as a non-deposit accepting, systemically important non-banking financial company (NBFC). The company was founded in 1990 by Mr. H P Singh and initially focused on providing loans to individuals, including shopkeepers in urban areas. In 2008, the company expanded its services to include group lending, using a joint liability group model. Under this model, micro loans are provided to individual members within a group of five, with each member providing a joint guarantee for the loan. As of December 2019, SCNL operates in 371 districts and has 1110 branches. The company has established a presence in 8 states, namely Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh, Bihar, Punjab, and Uttar Pradesh, with a total of 213 branches.
Industry
Company Details
- Location
North West Delhi, Delhi, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
Financials of Satin Creditcare Network Limited
Satin Creditcare Network Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 39.59% increase. The company also saw a substantial improvement in profitability, with a 557.13% increase in profit. The company's net worth Soared by an impressive increase of 19.14%.
Corporate Structure
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People in Satin Creditcare Network Limited
Unlock and access historical data on people associated with Satin Creditcare Network, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (3)
HS
Harvinder Singh
Managing DirectorAppointment Date: 16-Oct-1990
Status: Current
RS
Rakesh Sachdeva CFOAppointment Date: 13-Dec-2020
Status: Current
VG
Vikas Gupta Company SecretaryAppointment Date: 08-Oct-2022
Status: Current
Board Members(7)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 22 Mar 2024 | ₹40.00 Cr | Open |
Others Creation Date: 21 Mar 2024 | ₹40.00 Cr | Open |
Hdfc Bank Limited Creation Date: 18 Mar 2024 | ₹50.00 Cr | Open |
Deals i
Gain comprehensive insights into the Deals and Valuation data of Satin Creditcare Network, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Satin Creditcare Network's trajectory.
Rating
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Alert
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Related Corporates (Common Directorship)
Trishashna Holdings & Investments Private Limited
Active
7 years 9 months Harvinder Singh is a mutual person
Recent activity within the organization
Charges
A charge with Others amounted to Rs. 40.00 cr with Charge ID 100892809 was registered on 22 Mar 2024.
22 Mar 2024Charges
A charge with Others amounted to Rs. 40.00 cr with Charge ID 100895674 was registered on 21 Mar 2024.
21 Mar 2024Charges
A charge with Hdfc Bank Limited amounted to Rs. 50.00 cr with Charge ID 100894149 was registered on 18 Mar 2024.
18 Mar 2024Charges
A charge with Others amounted to Rs. 12.00 cr with Charge ID 100880046 was registered on 11 Mar 2024.
11 Mar 2024Charges
A charge registered on 02 Mar 2021 via Charge ID 100419248 with Others was fully satisfied on 05 Mar 2024.
05 Mar 2024
Recent News, Updates & Announcement
Satin Creditcare Network Q2 Results Net profit soars 89 YoY to Rs 103 crore.Microfinance company Satin Creditcare Networks net profit zoomed 89 at Rs 103 crore on the back of lower credit costs and business expansion.
Economic Times 27 Oct 2023
- 2020s Silver Lining Satin Creditcare Network Sees 43 Rise in Net Profit Chairman HP Singh Confident in Future Growth and Margins.
When you thought 2020 couldnt get any worse Satin Creditcare Network proves you wrong with a 43 rise in net profit Chairman HP Singh is feeling himself saying its their highest profit in 5 years Theyre expecting even more growth and better margins in the future Their portfolio and asset quality are also looking good They even raised a ton of money and their profits are now in the green winning microfinance growth moneytalks.
Economic Times 28 Jul 2023
- Satin Creditcare to raise upto Rs 5000 crore via private placement of NCDs.
Moneycontrol 11 Jul 2023
- India Ratings Withdraws Northern Arc 2021 MFI Harshas Rating.
India Ratings and Research 24 May 2023
Frequently asked questions
What is the Incorporation or founding date of Satin Creditcare Network Limited?
