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We were the second largest microfinance institution in terms of GLP(1) as on Sep 30, 2017 (Source: MFIN, Micrometer Issue 23) with a strong presence in north India. We started our operations in 1990 as a provider of individual and small business loan and savings services to urban shopkeepers. We registered as an NBFC with the RBI in 1998 and converted into an NBFC-MFI in Nov, 2013.

Our business is primarily based on the JLG(2) Model for providing collateral free, microcredit facilities to economically active women in both rural and semi-urban areas, who otherwise have limited access to mainstream financial service providers. We also offer loans to individual businesses, loans to MSMEs(3), product loans for financing purchase of solar lamps and loans for development of water connection and sanitation facilities. Recently, in 2017, we have incorporated a wholly owned housing finance subsidiary with a view to providing financing in the affordable housing segment and leveraging our rural outreach. Entry into the MSME and Housing Finance segments is in-line with our strategy of product diversification as well as diversification from un-secured into secured lending.

Our operations are spread across 18 states and union territories in India including Uttar Pradesh, Bihar, Madhya Pradesh, Punjab, Haryana, Rajasthan, Uttarakhand, Maharashtra, West Bengal, Gujarat, Jharkhand, Delhi & NCR, Chhatisgarh, Assam, Orissa, Himachal Pradesh, Jammu & Kashmir, Chandigarh, with a focus on rural and semi-urban areas. A number of the regions in which we operate have moderate or low rates of penetration by micro finance institutions.

We completed our IPO in fiscal 1997 and were listed on the DSE(-4), LSE(5) and JSE(6). Post the de-recognition of the DSE, LSE and JSE by SEBI, pursuant to the guidelines in respect of exit option to regional stock exchanges dated December 29, 2008 read with the exit policy for de-recognised/non-operational stock exchanges dated May 30, 2012 issued by SEBI, we listed our Equity Shares on the CSE(7), NSE and BSE on May 19, 2015, Aug 26, 2015 and Oct 20, 2015, respectively.

Vision

• To be a one stop solution for the financially excluded households at the bottom of the pyramid for all their financial requirements.
• To be a financial service power-house with a range of financial products designed and suited for the financially excluded community.

Mission

SCNL has a mission to provide financial assistance to a large number of households which are excluded from the ambit of mainstream financial service providers so as to enhance their livelihood and promote a productive environment.

LEADERSHIP TEAM

 

Mr. HP Singh

Chairman cum Managing Director

Mr. H P Singh is a law graduate and a fellow of The Institute of Chartered Accountants of India since 1984. He has over two decades of microfinance experience and pioneered the unique concept of daily collection of repayments of loans. Besides an expert in lending (especially microfinance) he has experience in the field of auditing, accounts, project financing, advisory services and company law matters. His financial engineering experience of almost three decades has helped the Company in operational strategy and efficiency. He is actively involved in SCNL’s day-to-day operations and has been a vital source of inspiration since the Company’s inception in 1990. Under his leadership, SCNL has grown into one of the leading microfinance institutions in North India and continues to expand its operations. He has participated in HBS Accion Program on Strategic Leadership for Microfinance in 2009 and leadership program organized by Women’s World Banking at Wharton Business School, University of Pennsylvania in 2011.

Mr. Jugal Kataria

Chief Financial Officer

Mr. Jugal Kataria is a graduate from Shree Ram College of Commerce and is a Cost Accountant, Chartered Accountant and Company Secretary with approx. 24 years of relevant experience. He has participated in an ‘Internal Auditors Training Course’ for ISO 9000 and ‘Harvard Business School Accion Program on Strategic Leadership for Microfinance’. He attended leadership program organized by Women’s World Banking at Wharton Business School, University of Pennsylvania in 2011. Mr. Kataria worked with Apollo Tyres Limited and Berger Paints (India) Limited before joining SCNL in 2000.

Mr. Dev Verma

Chief Operating Officer

Mr. Dev Verma carries 19 + years of rich experience in various industries like Consumer Durables, Financial Services, Insurance and Microfinance sector. He has worked with companies like National Panasonic India Ltd, Citi Financial Consumer Finance India Ltd, Max Life Insurance and his last assignment was with SKS Microfinance Ltd as Vice President – Business Head. He has done his MBA in Marketing from Institute for Integrated Learning in Management (IILM) Delhi, India in 1995 – 1997.

Mr. Sanjay Mahajan

Chief Information Officer

Sanjay holds Master’s degree in Math from Punjab University and has done his Post Graduate in Computer Science & applications from Punjab University. He has a versatile experience of over 24 years in Information Technology across the Globe. He has been instrumental in deploying cost effective IT strategies, leading & deploying new / re-structuring business solutions. Sanjay has joined Satin in January 2016.Before Joining Satin, he worked as Global IT director with Bata India Limited. He has earlier served as IT Director (India & Sub Continent) for YUM Restaurants India Pvt. Ltd. Sanjay also worked with Procter & Gamble for India & Singapore, Gillete India Ltd., Eicher Tractors Ltd. and Punjab Tractors Ltd.

Mr. Subir Roy Chowdhury

Head – Human Resources

Subir is PGDHRM from IISWBM – Kolkata and B.Com (Hons) from Kolkata University. He has a versatile experience of 17 years in HR functions. Subir has joined Satin in April 2016 as Chief Human Resource Officer. Before joining SCNL, he worked with Magma Fincorp Ltd as Head – Business & Corporate HR where he has initiated the competence framework, Talent Management, Succession Planning, PMS & Total Rewards. He has earlier worked with ICICI Securities Ltd, ICICI Prudential Life Insurance Company Ltd, Magma Leasing Ltd, Wacker Metroark Chemicals Ltd. and Kotak Securities.

Mr. Runveer Krishanan

Company Secretary and Compliance Officer

Mr. H P Singh is a law graduate and a fellow of The Institute of Chartered Accountants of India since 1984. He has over two decades of microfinance experience and pioneered the unique concept of daily collection of repayments of loans. Besides an expert in lending (especially microfinance) he has experience in the field of auditing, accounts, project financing, advisory services and company law matters. His financial engineering experience of almost three decades has helped the Company in operational strategy and efficiency. He is actively involved in SCNL’s day-to-day operations and has been a vital source of inspiration since the Company’s inception in 1990. Under his leadership, SCNL has grown into one of the leading microfinance institutions in North India and continues to expand its operations. He has participated in HBS Accion Program on Strategic Leadership for Microfinance in 2009 and leadership program organized by Women’s World Banking at Wharton Business School, University of Pennsylvania in 2011.

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