Satin Creditcare Network Limited (SATIN.NS)
Satin Creditcare Network Limited operates in the Financial - Credit Services industry of the Financial Services sector, headquartered in Gurugram, HA, IN. The stock last traded at $221.12, down 1.03% on the session, giving a market capitalisation of $24.32B. Its beta of 0.29 implies it has historically moved less than the broad market.
Satin Creditcare Network Limited (SCNL) is an Indian non-banking financial institution primarily dedicated to providing microfinance services across the nation. The company extends microcredit, predominantly to economically active women in rural, semi-urban, and urban areas, for various income-generating ventures such as agriculture, transportation, trade, and manufacturing, as well as for water and sanitation facilities. Beyond microcredit, SCNL offers a diverse range of financial products, including loans for merchants, retailers, wholesalers, manufacturers, service providers, salaried individuals, self-employed professionals, and agribusinesses. It also provides financing to corporate entities and other microfinance institutions, alongside specialized loans for solar lamps, bicycles, consumer durables, and housing finance solutions. As of March 31, 2022, SCNL operated through an extensive network of 1,224 branches. Established in 1990 and headquartered in Gurugram, India, the company was originally known as Satin Leasing & Finance Private Limited until it rebranded to Satin Creditcare Network Limited in April 2000.
Satin Creditcare Network Limited is most often compared with the following Financial Services names: