Satin Creditcare Network Limited
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Satin Creditcare Network Limited - overview
Established
1990
Location
Gurugram, Haryana, India
Primary Industry
Financial Services
About
Satin Creditcare Network Limited, based in India, specializes in providing financial solutions to empower underserved communities, focusing on income generation and essential living standards. Founded in 1990 and headquartered in Gurugram, India, Satin Creditcare Network Limited focuses on enhancing financial inclusion through its diverse lending services. Alper Gunaydin is the founder, who has experience in establishing financial institutions. The company has successfully raised a total of INR 250.
000 mn, with the latest funding round being a PIPE in September 2020, attracting investors like Florintree. Satin Creditcare Network Ltd. specializes in providing a comprehensive suite of financial solutions aimed at fostering financial inclusion and empowering underserved communities throughout India. The company's core product offerings include Income Generation Loans, which facilitate entrepreneurial activities among low-income households, and Water, Sanitation, and Hygiene Loans, designed to improve essential living standards.
Additionally, the firm offers Product Financing to support clients in acquiring necessary resources for their businesses. These services are primarily targeted at individuals and families at the bottom of the economic pyramid, with a client base exceeding 3. 4 million across 29 states and union territories in India. The company operates through a robust distribution network comprising 1,568 branches and over 11,500 loan officers, ensuring reach and accessibility to its diverse clientele.
Satin Creditcare Network Ltd. generates revenue through interest income from its loan portfolio, which stood at INR 12,784 Crore as of March 2025. The company's revenue for the most recent year 2024 was INR 235,263,548. 2, while its EBITDA for the same year was INR 181,994,481.
5. The firm engages in B2C transactions, directly providing financial products to individual borrowers, ensuring tailored financial solutions based on their needs. Satin Creditcare Network Limited plans to leverage its recent funding of INR 250. 000 mn to enhance its product offerings and expand into new markets by 2025.
The company is exploring the development of new financial products aimed at improving loan accessibility and meeting the evolving needs of its clientele. Additionally, the firm is targeting expansion into underrepresented regions throughout India to increase its footprint and client base.
Current Investors
Karvy Capital, Equator Capital Partners, MicroVest Capital Management
Primary Industry
Financial Services
Sub Industries
Credit Collections & Services
Website
www.satincreditcare.com
Verticals
FinTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Satin Creditcare Network Limited - timeline of key events
Satin Creditcare Network Limited - financials
| Fiscal Year Ended | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 425,353,032.1 | 796,164,298.7 | 1,674,556,907.8 | 2,680,483,799.2 | 4,725,543,984.1 | 6,781,670,447.5 | 9,289,367,962 | 12,769,720,000 | 12,477,894,000 | 12,627,240,000 | - | - | - |
| % Revenue Growth (YoY) | - | 87.2% | 110.3% | 60.1% | 76.3% | 43.5% | 37.0% | 37.5% | (2.3%) | 1.2% | - | - | - |
| EBITDA (USD) | 295,804,443.4 | 602,674,232.4 | 1,302,040,976.2 | 2,259,014,733.5 | 3,802,693,468.4 | 4,796,151,323 | 4,922,911,534 | 9,708,080,000 | 8,152,536,000 | 6,431,895,000 | - | - | - |
| Operating Income (USD) | 289,143,537.4 | 596,538,169.4 | 1,294,894,016.2 | 2,239,433,241.5 | 3,773,871,117.4 | 4,735,632,377 | 4,775,483,935 | 9,582,968,000 | 7,977,164,000 | 6,281,132,000 | - | - | - |
| Operating Margin | 68.0% | 74.9% | 77.3% | 83.5% | 79.9% | 69.8% | 51.4% | 75.0% | 63.9% | 49.7% | - | - | - |
| % EBITDA Margin | 69.5% | 75.7% | 77.8% | 84.3% | 80.5% | 70.7% | 53.0% | 76.0% | 65.3% | 50.9% | - | - | - |
| NET Income (USD) | 13,990,328.5 | 38,982,934.3 | 155,576,654.2 | 317,159,272.7 | 579,405,151.4 | 249,253,980.3 | (34,313,474) | 2,014,964,000 | 1,549,726,000 | (139,822,000) | - | - | - |
| % Net Margin | 3.3% | 4.9% | 9.3% | 11.8% | 12.3% | 3.7% | (0.4%) | 15.8% | 12.4% | (1.1%) | - | - | - |
Satin Creditcare Network Limited - employee data
Satin Creditcare Network Limited - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Director of the Board | BM |
BM Board Member
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