Business Trends and Strategic Changes
Key Milestones
Business Timeline
2016
2017
2018
2019
2023
Started MSME Lending in FY17;
Acquired TFSL in Sep'16
Reached 27.1 lacs active
clients and AUM of Rs. 4,882
crore by Dec'17
SHFL commenced lending in
Feb18; BC agreement with
IndusInd Bank, reached AUM of
Rs. 5,757 crore by Mar'18
Received NBFC license for Satin
Finserv Ltd for MSME business;
reached AUM of 1 Bn USD;
TFSL became wholly owned
subsidiary
AUM crossed milestone of Rs.
9,000 crore; Satin Finserv
Limited and Taraashna
Financial Services Limited
merged effective Mar'23
2015
2014
2013
2012
2010
ATIN
⑥SATT
Listing on NSE, BSE and CSE (2);
Received top MFI grading of
MFI 1
Reached 8 lacs active clients
and AUM of Rs.1,056 crore as
on Mar'14;
Reached 4.9 lacs active clients
& AUM of Rs. 580 crore as on
Mar'13; Converts to NBFC-MFI
in Nov'13; Received 'MFI
2+'rating by CARE
Starts SHG bank linkage
program in Rewa, MP; Receives
83% in microfinance COCA
audit
Reached 1.7 lacs active clients
and gross AUM of Rs.169 crore
as on Mar'10
1990
1996
1998
2008
Date of inception of Satin-
October 16, 1990
IPO and listing on DSE, JSE and
LSE(1)
Registers as NBFC
with the RBI
Started JLG Model in May 2008
2009
JLG business shows strong
asset quality and large
potential to scale up
Note: 1. Regional Stock Exchanges (DSE - Delhi Stock Exchange, JSE - Jaipur Stock Exchange, LSE- Ludhiana Stock Exchange); (2) BSE - BSE Limited, NSE - National Stock Exchange of India Limited, CSE - The Calcutta Stock Exchange Limited
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