Satin Financial Review and Growth Strategy
Key Business Performance Highlights
SATIN
India's leading NBFC-MFI with 31.1 lacs customers, 1,255 branches, 377 districts and 23 states, with Assets Under Management (AUM) of Rs. 7,667 crore for Q2FY21
Successfully closed Rights Issue of Rs.
120 crore in Aug 20, great response with
oversubscription of 123%
Percentage of Promoter pledge has
gone down from 52.88% in Dec'18 to
8.9% as on date
Undergoing various measures for cost
optimization, viz. branch and RO merger,
staff optimization, operating leverage and
cost reduction
Awarded Certificate of Excellence in
Clean Energy Finance, in line with our
commitment towards a better tomorrow
Implemented cashless disbursements across
100% branches
- 11% of collection via cashless mode in
Sep 20, adopting entirely new and digital
Awarded Companies with Great Manager
award and National Best Employer Brands in
NBFC Sector; Awarded 8th Rank In "Dream
Companies to Work For"
measures
Satin Housing Finance Ltd (SHFL), AUM of Rs. 164 crore, Standalone credit rating of CARE BBB (Stable). 9 active lenders including refinance facility from NHB
Taraashna Financial Services Ltd (TFSL), AUM at Rs. 639 crores, added two new BC partners
Satin Finserv Ltd, Satin's MSME arm, AUM of Rs. 120 Crore, Standalone credit rating of CARE BBB- (Stable). SFL has been brought to own in-house software now
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