Satin Finserv Limited (SFL), the MSME-focused arm of Satin Creditcare Network Limited (SCNL), has raised Rs 60 crore through the issuance of listed, secured, and rated Non-Convertible Debentures (NCDs) in two tranches of Rs 30 crore each.
The funds were secured from reputed institutional investors at a competitive coupon rate of 10.95% per annum, highlighting investor confidence in SFL’s robust financial profile. The NCDs have been assigned a long-term rating of A- (Stable) by ICRA, reflecting strong creditworthiness and stability.
The company stated that the proceeds will be strategically utilized to expand MSME lending operations and support its Green Finance initiative, aimed at building sustainable and inclusive lending models. As of June 2025, SFL reported a Capital Adequacy Ratio (CRAR) of 36.83% and a debt-to-equity ratio of 2.46 times, demonstrating solid capitalization levels.
Commenting on the development, Dr. HP Singh, Director of Satin Finserv and Chairman & Managing Director of SCNL, 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.”
Incorporated in 2019, SFL manages an AUM of Rs 582 crore, with MSME loans accounting for Rs 552 crore. The company operates across 11 states through 68 branches, serving nearly 69,000 clients.
Parent company Satin Creditcare Network Limited remains one of India’s leading microfinance institutions (MFIs), with operations spanning 26 states and 4 union territories, serving over 32.9 lakh clients through 1,599 branches as of June 2025.
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