Satin Creditcare Network Profile
Key Indicators
- Authorised Capital ₹ 200.00 Cr
- Paid Up Capital ₹ 110.47 Cr
- Company Age 34 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 9,530.89 Cr
- Satisfied Charges ₹ 18,113.61 Cr
- Revenue Growth 39.59%
- Profit Growth 557.13%
- Ebitda 38.38%
- Net Worth 19.14%
- Total Assets 3.66%
About Satin Creditcare Network
Satin Creditcare Network Limited (SCNL) is a leading Public Limited Indian Non-Government Company incorporated in India on 16 October 1990 and has a history of 34 years and four months. Its registered office is in North West Delhi, Delhi, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 539404 and on the National Stock Exchange(NSE) under SATIN.
The Corporate was formerly known as Satin Leasing And Finance Limited. The Company is engaged in the Financial Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 200.00 Cr and a paid-up capital of Rs 110.47 Cr.
The company currently has active open charges totaling ₹9,530.89 Cr. The company has closed loans amounting to ₹18,113.61 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Satin Creditcare Network Limited India are Vikas Gupta as COMPANY SECRETARY and Rakesh Sachdeva as Cfo. Sanjay Bhatia, Goh Colin, Anil Kalra, and Five other members serve as directors at the Company.
Company Details
- Location
North West Delhi, Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
Financial Services
Who are the key members and board of directors at Satin Creditcare Network?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vikas Gupta  | Company Secretary | 08-Oct-2022 | Current |
| Harvinder Singh | Managing Director | 16-Oct-1990 | Current |
| Rakesh Sachdeva | CFO | 13-Dec-2020 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Satvinder Singh | Director | 16-Oct-1990 | Current |
Sangeeta Khorana  | Director | 09-Aug-2013 | Current |
| Anil Kalra | Director | 08-Dec-2015 | Current |
| Sanjay Bhatia | Director | 06-Dec-2014 | Current |
Goh Colin  | Director | 12-Nov-2014 | Current |
| Sundeep Mehta | Director | 13-Feb-2013 | Current |
Financial Performance of Satin Creditcare Network.
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Satin Creditcare Network?
In 2023, Satin Creditcare Network had a promoter holding of 39.45% and a public holding of 60.54%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Trishashna Holdings & Investments Private LimitedHarvinder Singh is a mutual person
Satin Creditcare FoundationHarvinder Singh is a mutual person
360 One Asset Management LimitedAnil Kaul is a mutual person
Hiranandani Financial Services Private LimitedAnil Kaul is a mutual person
Satin Neo Dimensions Private LimitedSatvinder Singh is a mutual person
Lic Housing Finance LtdAnil Kaul is a mutual person
Charges (Loans)
Open Charges
₹9,530.89 Cr
Satisfied Charges
₹18,113.61 Cr
Charges Breakdown by Lending Institutions
- Others : 6640.64 Cr
- Sidbi : 850.00 Cr
- The Hongkong And Shanghai Banking Corporation Limited : 665.50 Cr
- Standard Chartered Bank : 300.00 Cr
- Indian Bank : 200.00 Cr
- Others : 874.76 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Mar 2024 | Others | ₹40.00 Cr | Open |
| 21 Mar 2024 | Others | ₹40.00 Cr | Open |
| 18 Mar 2024 | Hdfc Bank Limited | ₹50.00 Cr | Open |
| 11 Mar 2024 | Others | ₹12.00 Cr | Open |
| 01 Mar 2024 | Indian Overseas Bank | ₹100.00 Cr | Open |
How Many Employees Work at Satin Creditcare Network?
Satin Creditcare Network has a workforce of 10241 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
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
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Satin Creditcare Network
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.
- Charges
A charge with Others amounted to Rs. 40.00 Cr with Charge ID 100895674 was registered on 21 Mar 2024.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 50.00 Cr with Charge ID 100894149 was registered on 18 Mar 2024.
- Charges
A charge with Others amounted to Rs. 12.00 Cr with Charge ID 100880046 was registered on 11 Mar 2024.
- Charges
A charge registered on 02 Mar 2021 via Charge ID 100419248 with Others was fully satisfied on 05 Mar 2024.
- Charges
A charge with Indian Overseas Bank amounted to Rs. 100.00 Cr with Charge ID 100888661 was registered on 01 Mar 2024.
Recent News, Updates & Announcement
- Satin Creditcare Network Q2 Results: Net profit soars 89% YoY to Rs 103 crore.
Microfinance company Satin Creditcare Network's net profit zoomed 89% at Rs 103 crore, on the back of lower credit costs and business expansion..
- 2020's Silver Lining: Satin Creditcare Network Sees 43% Rise in Net Profit, Chairman HP Singh Confident in Future Growth and Margins.
When you thought 2020 couldn't get any worse, Satin Creditcare Network proves you wrong with a 43% rise in net profit. Chairman HP Singh is feeling himself, saying it's their highest profit in 5 years. They're 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.
Frequently asked questions
What is the Incorporation or founding date of Satin Creditcare Network Limited?
Satin Creditcare Network Limited was incorporated on 16 Oct 1990.
What is authorized share capital and paid-up capital of Satin Creditcare Network Limited?
The authorized share capital of Satin Creditcare Network Limited is ₹ 200.00 Cr and paid-up capital is ₹ 110.47 Cr.
Who are the current board members & directors of Satin Creditcare Network Limited?
Currently 10 directors are associated with Satin Creditcare Network Limited.
- Sanjay Kumar Bhatia
- Goh Colin
- Vikas Gupta
- Anil Kumar Kalra
- Sangeeta Khorana
- Sundeep Kumar Mehta
- Anil Kaul
- Harvinder Pal Singh
- Satvinder Singh
- Rakesh Sachdeva
What is the registered address of Satin Creditcare Network Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Satin Creditcare Network Limited is 5Th Floor Kundan Bhawan, Azadpur Commercial Complex Azadpur, Delhi, India, 110033.
What is the corporate identification number (CIN) and company number of Satin Creditcare Network Limited?
The corporate identification number (CIN) of Satin Creditcare Network Limited is L65991DL1990PLC041796 and the company number is 041796 as per Ministry of Corporate Affairs (MCA).
Is Satin Creditcare Network Limited registered with any stock exchange in India?
Yes, Satin Creditcare Network Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): SATIN.
What is the official website of Satin Creditcare Network Limited?
The Official website of Satin Creditcare Network Limited is https://www.satincreditcare.com
What has been the recent revenue trend for Satin Creditcare Network Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Satin Creditcare Network Limited has risen by 39.59%.
How many employees does Satin Creditcare Network Limited currently have?
As Per 2023 financial reports, 10241 employees are currently employed by Satin Creditcare Network Limited.
What change has been observed in the net worth of Satin Creditcare Network Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Satin Creditcare Network Limited has experienced an upsurge of 19.14%.
What are the total open charges for Satin Creditcare Network Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Satin Creditcare Network Limited amount to ₹ 9,530.89 Cr.
When was the last Balance Sheet of Satin Creditcare Network Limited filed with the ROC?
The most recent Balance Sheet for Satin Creditcare Network Limited was filed with the ROC on 31 Mar 2023.
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