Business Trends and Strategic Changes
Key Milestones
Fund Raising Timeline
2015
2016
2017
2018
Raised Rs. 41.5 crore
from SBI FMO (3)
(including warrants);
Rs.37.9 crore infused
by Promoter Group
Raised Rs. 250 crore
via QIP in Oct'16;
Exit of DMP in Jul'16
and ShoreCap in
Aug'16
In Apr'17, raised $10
mn from ADB(4) ;
Investment of Rs. 35
crore by IDFC First
Bank (then Capital
First); Raised Rs. 150
crore via QIP in
Oct'17
Pref. Allotment:
Equity funding by
NMI (Rs. 20 crore),
and Kora Cap (Rs. 80
crore); Promoter
invested via FCW (Rs.
60 crore), IndusInd
invested Rs. 45 crore
via OCCRPS
2013
2012
2011
2010
2019/
20
Exit of MV Mauritius
■
Raised Rs. 120 crore
by Rights Issue
2009
2022
⑥SATI
SATIN
Successfully
completed
preferential issue of
Rs. 225 crore by
issue of shares and
fully convertible
warrants
Received Rs. 137
crore till date
2008
Raised Rs. 30 crore
from DMP, ShoreCap
and MV Mauritius
Ltd; Rs.11 crore
infused by Promoter
Group; Exit of Lok
Capital
" Raised floating rate
long term unsecured
Tier II debt in Jul'14;
Raised Rs. 28.4 crore
of equity from NMI
and $10 mn of debt
from World Business
Capital as ECB
Raised Rs. 18 crore
from Danish Micro
Finance Partners K/S
(DMP) in Feb'11
Raised Rs. 2.5 crore
from Lok Capital in
Nov 10 and Rs. 21.8
crore from ShoreCap
Il in Dec'10; Rs. 7.7
crore infused by
Promoter Group
Raised Rs. 1.9 crore
from Lok Capital
First private equity
investment
Raised Rs. 4.87 crore
from Lok Capital; Rs.
1 crore infused by
Promoter Group
Note: (3) SBI FMO Emerging Asia Financial Sector Fund Pte. Limited; (4) ADB - Asian Development Bank
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