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.

Satin Creditcare Network Limited (SCNL), a leading microfinance institution, has announced a significant move to bolster its capital base. The company's Working Committee has approved the issuance of subordinated, unsecured, non-convertible debentures (NCDs) worth up to INR 75 crore on a private placement basis.

Key Details of the Debenture Issuance

Terms and Conditions

The debentures are characterized as subordinated, unsecured, rated, listed, taxable, redeemable, and transferable. In the event of a payment default, an additional interest of 2% per annum over the base rate will be charged.

Strategic Implications

This move by Satin Creditcare Network Limited demonstrates the company's proactive approach to strengthening its capital structure. The issuance of these debentures is likely to provide SCNL with additional funds to support its lending activities and overall growth strategy.

Company Performance

In its recent Q1 earnings call, SCNL reported:

• Consolidated Assets Under Management (AUM) growth of 6.8% year-on-year to INR 12,499.00 crore
• Standalone gross loan portfolio of INR 10,956.00 crore, up 4.5% year-on-year
• Consolidated disbursements of INR 2,242.00 crore, a 6% increase year-on-year
• Expansion to 1,599 branches across 519 districts in 29 states and union territories

Dr. HP Singh, Chairman and Managing Director of SCNL, commented on the company's performance, stating, "We have begun the financial year with firm steps and maintain consistent momentum in both our operational and financial numbers."

Outlook

The debenture issuance, coupled with SCNL's recent performance, indicates the company's focus on sustainable growth and financial stability. As the microfinance sector continues to play a crucial role in India's financial inclusion efforts, SCNL's strategic moves position it to capitalize on the growing demand for small-ticket, need-based financing in rural and semi-urban areas.

Investors and stakeholders will be watching closely to see how this capital infusion translates into SCNL's future growth and market position in the competitive microfinance landscape.