Business Trends and Strategic Changes
Successfully Navigated Crisis During Legacy of Over 30 Years
Implementation of best-in-class technology
Strong Capitalization with Ample Liquidity
Capital Adequacy has improved from 18.3% in 2016 to 26.6% currently
•
Reduced TAT
•
Real-time data
Learnings
from
•
Enhanced Productivity
•
Demonetization
•
Improved monitoring and control
Diversifying Geographical Presence
Increasing exposure to newer states
•
Raised Rs. 922 crore equity capital
.
Liquidity of around Rs. 1,000 crore
•
SATIN
Strategic Changes
Diversified out of unsecured MFI portfolio by floating subsidiaries in housing and
MSME finance
•
•
96.0% of districts with <1% exposure
Changed center meeting to bi-weekly
•
•
UP share brought down from 40.9% in Dec' 16 to 26.9% in Mar'23
Process re-engineering
•
Strengthened management team
Technology and Underwriting
Contactless repayments via popular apps like Google pay, Paytm, Phonepe etc.
Addition of Satin on BBPS (Bharat Bill Payment System)
Payment link on the Satin website
•
"Customer Service App" launched
Learnings
from
COVID-19
•
•
•
•
QR code on customer loan card
•
First in the industry to launch UPI 2.0 (auto debit)
•
Switched to AWS
Dedicated manpower for collections
Steps to obtain Sub-KUA License
.
.
Fund Raising
First MFI to successfully close an equity round during the peak of pandemic; raised
~Rs. 120 crore vis Rights Issue in Aug/20, fully paid up as of Sep'21
Raised Rs. 225 crore through preferential issue from Promoter Group & Non
Promoter Group; received Rs. 137 crore till date
Amalgamation of Subsidiaries
The management decided to merge TFSL with SFL to leverage on the capital and
outreach of the individual companies, combined entity is SFL
De-risking Geographic
Concentration (No. of States)
16
+ 8 states
24
District Diversification
Reduction in Top 4 State
Contribution
226
Reduced Leverage
+79%
405
81%
7.0x
55%
Improved Capital Adequacy
26.6%
18.3%
2.9x
Dec-16
Mar-23
Dec-16
Mar-23
Dec-16
Mar-23
Dec-16
Mar-23
Dec-16
Mar-23
32View entire presentation