Satin Creditcare Marks Entry into Mizoram, Strengthens Northeast Leadership

Satin Creditcare Network Limited (SCNL), one of India's leading microfinance institutions, marks its presence in Mizoram with the opening of its first branch in Aizawl, taking its total count to 26 states and 4 union territories. This move establishes SCNL as the first leading MFI to enter the state, aiming to bolster financial inclusion and drive economic development nationwide.

This move also strengthens SCNL's leadership in the Northeast, where it now operates across seven states, cementing its position as the largest leading microfinance institution in the region. SCNL manages a robust portfolio of over Rs. 1,500 Crores and runs 165 active branches in the Northeast alone as of 30th June 2025.

With a network of more than 1,600 branches across India, SCNL's mission is deeply rooted in improving credit access in rural and semi-urban areas. Today, 76% of its operations are concentrated in rural India, impacting over 1,00,000 villages. The expansion into Mizoram is a natural progression of its vision to foster inclusion and local enterprise in new geographies.

Commenting on the development, Dr. H P Singh, Chairman cum Managing Director of Satin Creditcare, said, "Our entry in Mizoram builds on our strong foundation in the Northeast, where we have consistently delivered meaningful financial access across underserved regions. With deep experience and insights in the region, we are well-positioned to serve the state effectively. By stepping into this largely untapped market, we aim to empower local women entrepreneurs with solutions that inspire enterprise, foster self-reliance and drive inclusive growth. Our presence in Mizoram will reinforce our commitment to being a trusted partner in the region's development journey."

Shares of Satin Creditcare Network Limited was last trading in BSE at Rs. 165.05 as compared to the previous close of Rs. 161.90. The total number of shares traded during the day was 6396 in over 129 trades.

The stock hit an intraday high of Rs. 166.05 and intraday low of 162.35. The net turnover during the day was Rs. 1051176.00.

Source : Equity Bulls

Keywords

SatinCreditcareNetwork INE836B01017 NBFC Mizoram