Satya MicroCapital Limited
About The Company
SATYA has adopted a unique Limited Liability Group (LLG) Model for extending loans and ensuring repayment. The company’s LLG model distributes the liability among each group member which exists only up to 10% of Loan Tenure in bi-weekly collections. Through the model, the company aims to add a social touch to lending by integrating modern technology into the Micro Finance industry.
Satya MicroCapital Limited primarily caters to women who own businesses and are looking for means of expansion. The group lending model allows groups of borrowers to share the liability and responsibility to repay loans while helping them build a strong credit profile to avail finance from traditional financial institutions.
Along with the afore-mentioned LLG loan product, SATYA offers a diverse range of unique Loan Products to cater to its wide client base. Furthermore, the company provides prompt, convenient, and affordable collateral-free credit to people at the bottom of the pyramid through a strong credit assessment and centralized approval system.
SATYA began its microfinance operations in January 2017. The company utilized demonetization as an opportunity to rework the business strategy through cashless transactions. SATYA is an institution built with a vision of change, transformation and is a differentiator in the financial inclusion space and its approach is well recognized by industry experts and professionals across different sectors. It is committed to being a socially responsible organization with a focus on Health, Education, Financial Literacy, Nasha-Mukt Samaaj, Gender Equality, and Swachh Bharat. The Company is spreading social awareness messages in its area of operations.
Currently, SATYA has established 245 branches in 174 districts in 21 states (Assam, Bihar, Chandigarh, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Karnataka, Madhya Pradesh, Odisha, Pondicherry, Punjab, Rajasthan, Tamil Nadu, Tripura, Uttar Pradesh, Uttarakhand, and West Bengal).
18 May 1995
Category/Sub-category of the Company
Company limited by Shares
Address of the Registered office and contact details
519 5th FLOOR, DLF PRIME TOWERS,
Okhla Industrial Area, Phase-1,
Delhi- 110020, INDIA
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
Link Intime India Private limited
C 101, 247 parks, 1st floor, LBS Marg,
Vikroli (W), Mumbai- 400 083
Tel. No.: 2225946970
BOARD OF DIRECTORS
Mrs. Surekha Marandi
Mr. C.P. Mohan
Mr. Mukul Jaiswal
Mr. Naveen Surya
Mr. Saneesh Singh
Mr. Sanjay Gandhi
Mr. Taejun Shin
Mr. Vivek Tiwari
Dr. Ratnesh Tiwari
Number of shares
% of total Shares of the company
GOJO & Company Inc.
Dia Vikas Capital Private Limited
As of March 31, 2021, the microfinance industry served 5.93 crores, unique borrowers, through 10.83 crore loan accounts. The overall microfinance industry’s gross loan portfolio (GLP) surged by 11.9% to Rs 2,59,377 crore as of March 31, 2021, from Rs 2,31,787 crore as of March 31, 2020, says a report. The growth was driven by an addition of 4 lakh borrowers during the pandemic-struck 12-month period ending March 2021, according to a report Micrometer, released by Microfinance Institutions Network (MFIN). MFIN is an industry association comprising 58 NBFC-MFIs and 39 associates including banks, small finance banks (SFBs), and NBFCs. As of March 31, 2021, the microfinance industry served 5.93 crores, unique borrowers, through 10.83 crore loan accounts.
NBFCs account for another 8.36% and other MFIs account for 1.05% of the total microfinance universe, it said. The report further showed that the gross loan portfolio of NBFC-MFIs increased by 11% to Rs 81,475 crore as of March 31, 2021, compared to Rs 73,412 crore as of March 31, 2020. This GLP on NBFC-MFIs includes owned portfolio of Rs 68,894 crore and managed portfolio of Rs 12,581 crore, it said.
The association said its NBFC-MFI members disbursed Rs 57,891 crore of loans in fiscal 2020-21 through 1.70 crore accounts. The average loan amount disbursed per account during FY20-21 was Rs 35,726, an increase of around 20% in comparison to the last financial year, the report said.
During FY2020-21, NBFC-MFIs received a total of Rs 40,797 crore in debt funding which is 9.2% higher than FY2019-20. Total equity of the NBFC-MFIs grew by 15% to Rs 18,663 crore as of March 31, 2021.
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During the year under review, the company’s Gross Loan portfolio as of 31 march 2021 stood at Rs. 1476.16 Crores as against Rs. 1007.85 Crores as of March 31, 2020, showing an increase of 46.67%. As of March 31, 2021 company has had distributed loans to 4,99,164 clients. The total revenue has shown a growth of 28.09%. PBT has increased by 36.13% whereas Pat has increased by 35.71%.
Capital Adequacy ratio is also known as CRAR has improved compared to last year, In FY 2020 it was 25.47% whereas in FY 2021 it is 34.62%
Net NPA’s during the previous year was Rs.5.10 Crores whereas in FY 2021 it is Rs.8.02 Crores
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