NSEPress Release19 Jun 2026 · 19 Jun 2026, 04:00 pm
Press Release
Satin Creditcare Network Limited · SATIN
✦ AI Summary
Satin Creditcare Network Limited has announced its strategic expansion into the state of Kerala, marking a significant milestone in its South India growth strategy. The company has commenced operations with the launch of new branches in Aroor and Cherthala (Alappuzha district). Additionally, a new Circle Office has been inaugurated in Kochi to support these operations. This geographical diversification signals potential for increased market penetration and future revenue growth for investors.
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Satin Creditcare Network Limited has informed the Exchange regarding a press release dated Jun 19, 2026, titled "Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015 - Press Release".
Attachments (1)
📄pdf
Download →
SATIN_19062026155706_SATINPRESSRELEASE.pdf
View document text
June 19, 2026
The Manager, The Manager,
National Stock Exchange of India Ltd., BSE Limited,
Exchange Plaza, C-1, Block G, 25th Floor, P. J. Towers,
Bandra Kurla Complex, Dalal Street,
Bandra East, Mumbai-400051 Mumbai-400001
Symbol: SATIN Scrip Code: 539404
Sub: Press Release
Dear Sir/Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended and in terms of other applicable laws, if any, please find
enclosed herewith press release dated June 19, 2026.
This is for your information and record.
Thanking you.
Yours faithfully,
For Satin Creditcare Network Limited
(Vikas Gupta)
Company Secretary & Chief Compliance Officer
Encl. a/a:
SATIN CREDITCARE NETWORK LIMITED ENTERS KERALA, MARKING A NEW MILESTONE IN ITS SOUTH
INDIA EXPANSION
The Company has commenced operations in Kerala with the launch of branches in Aroor and Cherthala
(Alappuzha district), alongside the inauguration of its Circle Office in Kochi.
New Delhi, June 19, 2026 – Satin Creditcare Network Limited (NSE: SATIN | BSE: 539404), one of
India’s leading microfinance institutions, today announced its entry into Kerala with the
commencement of operations in the state and marks its presence across 32 states and Union
territories. The Company has opened branches in Aroor and Cherthala in the Alappuzha district,
marking its first footprint in Kerala and a significant step forward in deepening its presence across
South India.
To anchor and drive its Kerala operations, the Company has inaugurated a dedicated Circle Office in
Kochi, which will serve as the operational and administrative hub for the state. The Circle Office will
oversee branch operations, client servicing and the Company’s planned growth across the region.
Satin Creditcare’s entry into Kerala strengthens an already established South India presence that spans
Tamil Nadu, Karnataka, Andhra Pradesh and Telangana. With Kerala now added to its operating map,
the Company further consolidates its position in the region and reinforces its commitment to serving
the financially underserved across southern India.
To lead this expansion, Satin Creditcare has appointed a Circle Head with over 15 years of experience
in the Kerala market, bringing deep regional understanding and on-ground expertise to the Company’s
growth strategy in the state.
Mr Anil Kwatra, Chief Business Officer, said:
“We have entered Kerala with the right teams and infrastructure in place from day one. With branches
operational in Aroor and Cherthala, a Circle Office anchoring us in Kochi, and seasoned local leadership
on the ground, we are well positioned to scale responsibly across the state.”
Commenting on the development, Dr H P Singh, Chairman cum Managing Director, Satin Creditcare
Network Limited, said:
“Our entry into Kerala is a defining moment in Satin Creditcare’s journey across South India. Kerala is
a market with tremendous potential, and our presence here allows us to extend our mission of serving
the underserved to communities we have not reached before. Beginning in Alappuzha and building
towards northern Kerala, supported by a dedicated Circle Office in Kochi and experienced regional
leadership, we are laying strong foundations for sustainable and responsible growth. This expansion
solidifies our footprint in the South and reaffirms our long-term commitment to financial inclusion
across the country.”
With this expansion, Satin Creditcare continues to widen its national footprint while strengthening its
presence in key high-potential markets, in line with its vision of building a leading, technology-enabled
and inclusion-focused financial institution.
About Satin Creditcare Network Limited
Satin Creditcare Network Limited (SCNL or Satin) is a leading microfinance institution (MFI) in the
country with presence in 32 states and union territories and over 1,00,000 villages. The Company’s
mission is to be a leading micro financial institution by providing a comprehensive range of products
and services for the financially under-served community. The Company aims to lead in gender
empowerment by leveraging technology and innovation that forge sustainable strategic partnerships.
The Group also offers a bouquet of financial products in the non-MFI segment, comprising loans to
MSMEs and affordable housing loans. In April 2017, SCNL incorporated a wholly owned housing
finance subsidiary, Satin Housing Finance Limited (SHFL), for providing loans in the affordable and
micro-housing segment. In January 2019, SCNL received separate NBFC license to commence MSME
and Sustainable Enterprises lending business through Satin Finserv Limited (SFL). In August 2024, SCNL
incorporated a subsidiary for software services, Satin Technologies Limited (STL), dedicated to
developing innovative, world-class technology solutions by leveraging cutting-edge technologies, with
Agentic AI integrated across its product portfolio. In August 2025, Satin Growth Alternatives Limited
(“SGAL”) was incorporated to act as Investment Manager to a SEBI-approved Category II Alternative
Investment Fund, dedicated to gender lens investing and sustainability. As on 31st March 2026, Satin
had 2,015 branches and a headcount of 18,265, serving 33.7 lakh clients at a consolidated level.
For further information, please contact
Satin Creditcare Network Ltd.
Ms. Aditi Singh
Chief Strategy Officer
E: aditi.singh@satincreditcare.com | T: +91 124 4715 400
Disclaimer
This press release contains forward-looking statements based on current expectations and
assumptions. Actual results may differ materially from those expressed or implied. This release does
not constitute an offer to sell or a solicitation of an offer to buy any securities.