Satin Creditcare Network Ltd Company Profile : Products,Promoters and Clients

Company Description:

SCNL, a major Indian Microfinance Institution based in Gurugram, operates primarily in North India, focusing on collateral-free microcredit for economically active women in rural and semi urban areas. It offers a range of financial products for both MFI and Non-MFI segments through subsidiaries SHFL and SFL. With a presence in 24 states/Union Territories and 96,000 villages, SCNL emphasizes social collateral and employs the joint liability group model. Additionally, it offers MSME loans, affordable housing loans, and business correspondent services through its subsidiaries.

 

Q1. What are the Product and service offerings of the company?

• SCNL the parent company is an NBFC-MFI. 

• SCNL's product suite includes Income Generating Loans (IGL), Long Term Loans (LTL), Social impact financing through WASH loans, MSME loans, and Housing finance. 

• The Subsidiary Satin Housing Finance Limited offers innovative and flexible Home Loan products for purchase, construction, extension, and repair of affordable dwelling units. Company Provides Loan against Property with a focus on thin file clients and underserved sections of society.

 • The Subsidiary Satin Finserv Limited provides business loans to SME & MSME borrowers and corporate borrowers. Focus is on secured retail MSME lending.

 

Q2. Who are the Promoters of the company?

Mr. H P Singh (Chairman and MD): Possesses over thirty years of microfinance expertise, credited with introducing the innovative practice of daily loan repayment collections. A law graduate and Fellow of The Institute of Chartered Accountants of India since 1984, he has steered SCNL into becoming a prominent microfinance institution nationally, catering to millions of rural households with a variety of financial products, including microfinance, MSME, and affordable housing loans. 

Rakesh Sachdeva (Chief Financial Officer): He brings over 30 years of extensive experience spanning Finance Management, Business Operations, Human Resources, Project Management, Strategic Alliances, and Contract Management. He served as a Board member of Satin Creditcare Network Limited from April 1999 to November 2020, contributing to various committees, including the Audit Committee, as both Chairman and Member.

Bhuvnesh Khanna (CEO of Satin Finserv Limited): Graduated from St. Xavier's College, Kolkata, and obtained his Chartered Accountant degree in the 1994 batch. Throughout his career, Mr. Khanna has had the privilege of working with top banking brands, including Kotak Mahindra, HDFC Bank, Deutsche Bank, and HSBC. His recent tenure at HSBC encompassed pivotal roles across various markets such as India, Hong Kong, Shanghai, Bangladesh, and London, offering him extensive exposure to national, regional, and global leadership positions with P&L responsibilities. 

Aditi Singh (Head of Strategy): She boasts over 14 years of experience in the financial services sector. She previously led M&A projects at CG Corp Global across various regions and held roles at UV Capital Pvt. Ltd. and IFCI Venture Capital Funds. Aditi holds a gold medal in Economics (Hons.) from Banasthali Vidyapith and completed her post-graduation in Business Finance Management from the Indian Institute of Finance, Delhi

 

Q3. Who are the Clients of the company? 

Clients of the Company

Diversified Geographical Presence

Our company serves clients across a vast geographical area, ensuring extensive reach and accessibility:

  • Top 4 States: Uttar Pradesh, Bihar, West Bengal, and Madhya Pradesh, collectively contributing 56% of our client base.
  • Next 6 States: Account for 28% of our client base.
  • Remaining 16 States/UTs: Contribute the remaining 16%.

We are present across 26 states and Union Territories, encompassing 421 districts, with the following infrastructure:

  • Regional Offices: 29
  • Centers: 95
  • Branches: 1,393

Client Distribution

Our client distribution is widespread, with minimal exposure in any single district:

  • Districts with <1% Exposure: 96.4%