Satin Creditcare Network Limited , a prominent microfinance lender, has successfully raised Rs 100.00 crore through a strategic bond issuance, bolstering its capital position and reinforcing investor confidence in its business model.

Bond Issuance Details

The company completed the fundraising in two tranches:

• Rs 40.00 crore on July 24
• Rs 60.00 crore on August 21

The bonds were issued as rated, unsecured, non-convertible debentures (NCDs) with bullet repayments structured over two different tenures:

• 5.5 years for the first tranche
• 7 years for the second tranche

Strengthening Capital Position

These NCDs qualify as Tier II capital, providing Satin Creditcare Network with a stronger capital cushion. The company reported a Capital to Risk-weighted Assets Ratio (CRAR) of approximately 26.00% as of June 30, which is expected to be further reinforced by this fundraising.

Management Commentary

HP Singh, Chairman of Satin Creditcare Network, stated that the successful bond issuance "reinforces investor confidence in our model." He emphasized that the additional capital would provide a stronger foundation for the company's operations.

Planned Utilization of Funds

Satin Creditcare Network intends to use the raised funds for two primary purposes:

1. Expanding income-generating loans
2. Increasing water, sanitation, and hygiene (WASH) loans for clients

This strategic allocation of funds aligns with the company's focus on supporting sustainable economic development and improving living conditions for its clientele.

Market Implications

The successful bond issuance, especially in two tranches, indicates strong investor interest in Satin Creditcare Network's debt offerings. This could potentially lead to improved financial flexibility for the company and support its growth plans in the microfinance sector.

As microfinance continues to play a crucial role in financial inclusion and economic development, Satin Creditcare Network's strengthened capital position may enable it to expand its reach and impact in underserved communities.

Conclusion

Satin Creditcare Network's Rs 100.00 crore bond issuance marks a significant step in strengthening its capital base. With plans to utilize these funds for expanding income-generating and WASH loans, the company is poised to enhance its market position while contributing to socio-economic development through its microfinance initiatives.

Satin Creditcare Network Limited , a prominent player in the financial services sector, has announced a significant leadership change in its wholly owned subsidiary, Satin Finserv Limited (SFL). The company has appointed Pramod Marar as the new Chief Executive Officer (CEO) and Key Managerial Personnel of SFL, effective August 20, 2025.

Board Approval and Appointment Details

The appointment was approved by the Board of Directors of Satin Finserv Limited during their meeting held on August 18, 2025. This strategic move aims to bolster the leadership team and drive growth in the company's financial services offerings.

Pramod Marar's Extensive Experience

Pramod Marar brings a wealth of experience to his new role at Satin Finserv Limited:

• Over 20 years of banking experience
• 3+ years in start-up ventures
• Expertise in scaling businesses across various sectors:
  • Sustainability
  • Fintech
  • MSME financing
  • Corporate Banking

Professional Background

Prior to joining Satin Finserv, Marar had an impressive tenure at HSBC:

• Worked at HSBC for 18 years
• Last held the position of Managing Director
• Instrumental in growing a strong portfolio
• Proven track record in business incubation, risk management, and strategy execution

Throughout his banking career, Marar has held leadership roles spanning corporate, mid-market, SME, and microfinance segments. He has been credited with launching new verticals and building profitable portfolios.

Academic and Professional Qualifications

Marar's strong academic and professional credentials include:

• PGDM from IIM Indore
• B.Com (Hons) from SRCC, Delhi University
• Certified Associate of the Indian Institute of Bankers
• Completed a 6-month advanced management program in Fintech and Financial Blockchain from IIM Kolkata

Focus on Green Financing

In his new role, Pramod Marar will spearhead the Green Financing initiatives to be undertaken by Satin Finserv Limited. This aligns with the growing emphasis on sustainable finance in the industry.

Corporate Governance and Compliance

The appointment of Pramod Marar as CEO and Key Managerial Personnel was disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed the National Stock Exchange of India Ltd. and BSE Limited of this significant change in leadership.

This appointment marks a new chapter for Satin Finserv Limited, as the company looks to leverage Marar's extensive experience in banking, fintech, and sustainable finance to drive growth and innovation in its financial services offerings.