About Satya MicroCapital Limited Unlisted Shares
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 aforementioned 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, and transformation and is a differentiator in the financial inclusion space 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).
INCORPORATION DETAILS
|
CIN |
U74899DL1995PLC068688 |
|
Registration Date |
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 |
Shareholding Pattern
|
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
GOJO & Company Inc. |
2,41,38,315 |
49.54% |
|
Vivek Tiwari |
1,16,16,200 |
23.84% |
|
Dia Vikas Capital Private Limited |
67,73,475 |
13.94% |
Industry Outlook
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.
