Relief Initiative Details

Satin Creditcare Network Limited (SCNL) has launched a large-scale flood relief drive to support approximately 15,000 families affected by floods in Assam. The company has committed ₹1 crore towards relief and assistance efforts across affected communities.

Operational Execution

  • Relief Vehicles: 15 relief vehicles were formally flagged off by Nekib Ahmed, Business Head – Northeast and West Bengal
  • Geographic Coverage: Nearly 200 villages across flood-affected districts of Sivasagar, Charaideo and Jorhat
  • Employee Mobilization: Around 150 SCNL employees have been mobilized to support distribution efforts
  • Relief Materials: Includes mosquito nets, bedsheets, kitchen utensils, disinfectants, sanitary pads, bleaching powder, food supplies and drinking water

Management Commentary

Nekib Ahmed, Business Head – Northeast and West Bengal, SCNL, stated: "Assam has been an important part of SCNL's journey, and we believe it is our responsibility to stand with the communities we serve during times of crisis. Through this initiative, we aim to provide timely assistance to families affected by the floods and support them as they begin the process of recovery. Our commitment extends beyond financial transaction, and we will continue to work closely with local stakeholders to contribute to relief and rehabilitation efforts."

Company Background in Region

SCNL has had a growing presence in Assam since 2017. The company currently operates across the state through its branch network and works towards advancing financial inclusion and creating sustainable livelihood opportunities, particularly for women in rural communities.

Across the Northeast, SCNL operates 227 branches supported by approximately 2,500 employees.

Corporate Structure Context

The document provides background on SCNL's subsidiaries:

  • Satin Housing Finance Limited (SHFL): Incorporated April 2017 for affordable and micro-housing segment
  • Satin Finserv Limited (SFL): Received NBFC license January 2019 for MSME lending business
  • Satin Technologies Limited (STL): Incorporated August 2024 for software services
  • Satin Growth Alternatives Limited (SGAL): Incorporated August 2025 to act as Investment Manager to Category II Alternative Investment Fund (AIF)

Operational Statistics (as of 30 June 2026)

  • Branches: 2,041 branches
  • Employees: 18,518 headcount
  • Clients: 34 lakh clients at consolidated level
  • Geographic Presence: 27 states, 5 union territories, over 1,00,000 villages