New Delhi: Satin Finserv Limited (SFL), the MSME-focused subsidiary of Satin Creditcare Network Limited (SCNL), has raised ₹60 crore through the issuance of listed, secured, and rated Non-Convertible Debentures (NCDs), according to a company statement. The issuance was completed in two tranches of ₹30 crore each.
The funds were raised from institutional investors at a coupon rate of 10.95% per annum. The NCDs received a long-term rating of A- (Stable) from ICRA. As of June 2025, SFL reported a Capital to Risk (Weighted) Assets Ratio (CRAR) of 36.83% and a debt-to-equity ratio of 2.46 times.
The company said the proceeds will be used to expand its MSME lending operations and support its newly launched Green Finance initiative. The financing is expected to help SFL strengthen its position in the financial inclusion sector and develop scalable lending models.
Dr. H.P. Singh, Director of Satin Finserv Limited and Chairman and Managing Director of Satin Creditcare Network Limited, said the issuance reflects investor trust in the company’s performance. “The funds raised will strengthen our ability to support India’s MSME ecosystem while also contributing to green finance,” Singh said. “We are committed to providing financial solutions that drive inclusive and sustainable growth.”
