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Satin Creditcare Network ventures into technology offerings with new subsidiary

14 Aug 2024 Evaluate

Satin Creditcare Network (SCNL) has established its new wholly-owned subsidiary, Satin Technologies (STL). Known for its technological prowess, SCNL is now taking a significant step of capitalising on its technological advancement. This strategic move positions the Company at the forefront of innovation in financial services and beyond. 

Satin Technologies will operate as an independent entity, allowing it the freedom to innovate and develop cutting-edge technological solutions across various industries, including but not limited to financial services. With a focus on harnessing the power of technology to drive efficiency, scalability, and customer satisfaction, the subsidiary is well-equipped to meet the evolving needs of businesses in the digital age and aims to become a leader in providing state-of-the-art digital solutions that can transform the way businesses operate. As Satin Technologies begins its operations, the company is poised to make a significant impact across various industries that are ripe for technological disruption. 

Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country. 


Peers
Company Name CMP
Power Finance Corpn. 346.00
REC 311.40
NHIT 171.00
Satin Creditcare Net 219.70
IFCI 76.57
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