Satin Creditcare Network Limited subsidiary Satin Growth Alternatives Limited (SGAL) has deployed its first capital, investing ₹5 crore in Indic Wisdom. The investment, executed on September 9, 2026, marks the initial deployment from SGAL’s Category II Alternative Investment Fund.

The capital was structured as a combination of Non-Convertible Debentures (NCDs) and Compulsorily Convertible Preference Shares (CCPS). This hybrid instrument aligns with SGAL’s stated strategy of providing quasi-debt and equity-linked capital to growth-stage businesses. The deal provides downside protection through the debt component while allowing participation in equity upside via the convertible shares.

Investment Rationale and Structure

Indic Wisdom, a woman-led manufacturer of traditionally crafted food products including wood-pressed oils, is the recipient of the funds. The company focuses on native Indian oilseeds and the upcycling of their by-products into digestible proteins and fibres.

SGAL’s investment aims to address specific operational needs:

• Scale up manufacturing capacity to support growth ambitions.
• Expand offline distribution channels beyond current quick-commerce and e-commerce presence.
• Strengthen supply chain infrastructure to meet projected demand.

The investment was led and structured by SGAL in collaboration with Prajakta Khare and Kaustubh Khare, founders of Indic Wisdom.

Strategic Outlook

Aditi Singh, Director at SGAL and Chief Strategy Officer at Satin Creditcare Network Limited, highlighted the alignment between SGAL’s mandate and Indic Wisdom’s profile. She noted that the company’s sustainable model and early strength across online and offline channels made it a strong candidate for backing.

Shivika Sethi, Fund Manager and Partner at SGAL, emphasized the strategic fit of the NCD and CCPS structure. She stated that this deployment puts their quasi-debt strategy into practice for the first time. SGAL plans to leverage Satin Creditcare’s branch network to drive pan-India distribution expansion for Indic Wisdom.

What the Numbers Show

The investment structure reveals a risk-managed approach to early-stage scaling. By combining NCDs with CCPS, SGAL secures fixed-income protection while retaining optionality for equity appreciation. This structure is particularly relevant given Indic Wisdom’s stated goal of achieving ₹200 crore annual recurring revenue (ARR) within 12 months, a target that requires significant capital efficiency during the manufacturing scale-up phase.

Prajakta Khare, founder of Indic Wisdom, confirmed that the funds will accelerate distribution footprint expansion. She noted the potential to connect with rural households through Satin Creditcare’s extensive network, leveraging the parent company’s established trust and reach.

Satin Creditcare will host a physical group meeting with analysts and institutional investors in Delhi on September 3, 2026. The event is part of Phillip Capital’s "Market Marvel | Investing Beyond the Headlines" conference.

The company disclosed the schedule pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Officials from Satin Creditcare will participate in the session to engage with market participants.

Meeting Details

No unpublished price-sensitive information will be shared or discussed during the meeting. The company stated that discussions will refer to the investor presentation for the quarter ended June 30, 2026.

A copy of the investor presentation has already been submitted to the stock exchanges and is available on the company’s website.