Our Associates

Satin Creditcare Network Limited

Satin Creditcare Network Limited (SCNL) began its journey in 1990 with a vision to empower small businesses by offering individual loans, establishing itself as a pioneering financial partner when others hesitated to explore niche segments like consumer durables, daily collection, and no-go areas. The company’s bootstrap approach ensured profitability from the start, reflecting its resilience and innovative spirit. In 1996, SCNL became one of the oldest listed entities by securing its place on regional stock exchanges, including Delhi, Ludhiana, and Jaipur. By 1998, the Reserve Bank of India recognized SCNL as an NBFC, and in 2013, it achieved NBFC-MFI status.

SCNL’s business model has continuously evolved to meet the changing needs of its customers. From 1990 to 2008, it focused on individual lending, before transitioning to the Joint Liability Group (JLG) model in 2008 to provide collateral-free micro-credit to economically active women in rural and semi-urban areas, furthering its mission of financial inclusion. In 2005, SCNL raised its first loan from SIDBI, a milestone that marked its growing credibility. By 2016, the company expanded into secured asset classes with the incorporation of Satin Housing Finance Limited for affordable housing and Satin Finserv Limited for MSME lending.

In 2024, SCNL took another leap forward by embracing technology through the establishment of a new subsidiary, demonstrating its commitment to innovation. Beyond micro-credit, the company finances consumer durable items, solar products, bicycles, home appliances, and WASH loans, embodying its responsible finance ethos. Satin Creditcare Network Limited (SCNL) is poised to evolve as a one-stop, diversified financial services provider catering to the unique needs of rural India. Building on its strong foundation, the company is set to leverage its wholly-owned subsidiaries.

Today, SCNL is a trusted financial partner for millions of households, solidifying its position as the leading NBFC-MFI serving rural India. With a presence spanning 29 states and union territories, the company reaches some of the most remote regions and marginalized communities. SCNL is committed to serving areas often overlooked and populations typically deemed unreachable, aligning with its vision to advance financial inclusion and uplift disadvantaged sections of society. The goal is to empower and create opportunities in every community it touches.

Parishek Finance Private Limited

Parishek Finance Private Limited (“PFPL”) is a private limited Company incorporate in India under the provisions of the Companies act, 1956. The PFPL has its registered office in New Delhi. PFPL is a Non-Banking Finance Company registered with the Reserve Bank of India (RBI) Under Section 45-IA of the Reserve Bank of India Act, 1934 as categories B (Non deposit taking) NBFC vide Registration No. B-14.02462 dated 17th September, 2001.

The company is primarily engaged in providing Personal Loan, Loan Against Property, Vehicle loan and Travel loans. PFPL will offer a suite of innovative and flexible loan products, in sync with customers’ needs and at competitive pricing.

PFPL is avowedly a strong believer of complete transparency and fairness in all its dealings and managed by experienced professionals who, as their prime mantra, are easily accessible and are highly committed to excellence in customer satisfaction.