The funds, raised from institutional investors at a 10.95% coupon rate, will strengthen Satin Finserv’s MSME lending and sustainability-focused financial operations.
New Delhi, October 7, 2025 —Satin Finserv Limited (SFL), the MSME-focused subsidiary of Satin Creditcare Network Limited (SCNL), has successfully raised ₹60 crores through the issuance of listed, secured, and rated Non-Convertible Debentures (NCDs), issued in two tranches of ₹30 crores each.
The NCDs, rated A- (Stable) by ICRA, were subscribed by reputed institutional investors at a competitive coupon rate of 10.95% per annum, reflecting strong investor confidence in SFL’s robust financial position and growth trajectory. As of June 2025, SFL reported a CRAR of 36.83% and a debt-to-equity ratio of 2.46 times, highlighting its sound capitalization and prudent risk management.
The funds will be strategically utilized to expand SFL’s MSME lending portfolio and bolster its recently launched Green Finance initiative. With larger growth plans in progress, this capital infusion will help SFL deepen its reach in financial inclusion and strengthen scalable, impact-driven lending models.
Commenting on the announcement, Dr. HP Singh, Director, Satin Finserv Limited and Chairman & Managing Director, Satin Creditcare Network Limited, said:
> “This successful issuance highlights the trust placed in our growth story by marquee lenders. The funds raised will strengthen our ability to support India’s MSME ecosystem while also contributing to green finance. We remain committed to offering innovative financial solutions that promote inclusive and sustainable growth.”
This fundraise further underscores SFL’s ability to access diverse funding sources at competitive rates, reaffirming its credibility in India’s NBFC ecosystem as it scales its operations.
About Satin Finserv Limited:
Incorporated in 2019, Satin Finserv Limited (SFL) is a wholly owned subsidiary of Satin Creditcare Network Limited (SCNL), one of India’s leading NBFC-MFIs. SFL focuses on bridging the financing gap for small and medium enterprises by offering customized lending solutions that empower entrepreneurs and drive economic growth.
With a proven track record of profitability, SFL currently manages an AUM of ₹582 crores, including ₹552 crores in MSME loans, across 11 states and 68 branches, serving approximately 69,000 clients. Listed on the BSE debt market since March 2024, the company upholds high standards of governance, transparency, and financial discipline.
About Satin Creditcare Network Limited:
Satin Creditcare Network Limited (SCNL) is one of India’s largest microfinance institutions, operating in 26 states, 4 union territories, and over 1,00,000 villages. The company provides a comprehensive range of financial products aimed at empowering the underbanked, especially women entrepreneurs. SCNL’s group portfolio also includes Satin Housing Finance Limited (affordable housing), Satin Technologies Limited (software solutions), and Satin Growth Alternatives Limited (Category II AIF focused on impact investing). As of June 2025, the Satin Group operated 1,599 branches with a workforce of 16,454, serving 32.9 lakh clients nationwide.
