Satin Creditcare Network Ltd Announces Acquisition of Majority Stake in QTrino Labs Pvt Ltd
DSIJ Intelligence-1Categories: Mindshare, Trending
The stock is down by 7 per cent in the last 6 months and plunged 45 per cent in 2 years.
Satin Creditcare Network Ltd (SCNL) announced that its wholly owned subsidiary, Satin Technologies Limited (STL), has entered into a Share Subscription-cum-Shareholders Agreement, to acquire up to 76.40 per cent equity share capital of QTrino Labs Pvt Ltd (QTrino), in one or more tranches.
QTrino Labs Pvt Ltd is an IIT-incubated deep-tech cybersecurity startup engaged in the development of cost-effective, cutting-edge, quantum-safe security solutions for enterprises and government institutions. Operating in a rapidly evolving and high-growth technology segment, QTrino brings advanced cybersecurity capabilities that align strongly with STL’s long-term technology vision. The proposed acquisition of a majority stake in QTrino will enable STL to expand its business footprint in advanced technology and cybersecurity domains, strengthen its solution offerings and enhance the overall technology resilience of the Satin Group.
Upon completion of the transaction, QTrino will be consolidated as a subsidiary, marking the Group’s strategic entry into technology-driven cybersecurity businesses. Guided by a forward-looking philosophy, the Satin Group continues to anticipate change, embrace innovation and invest in future-ready capabilities. Technology has remained central to the Group’s strategy, enabling smarter solutions, enhanced operational resilience and sustainable growth. This acquisition reflects Satin’s belief that innovation and responsible growth are deeply interconnected, shaping a future that is inclusive, resilient and digitally empowered.
About the Company
Satin Creditcare Network Limited (SCNL) is a prominent microfinance institution serving over 33 lakh clients across 26 states and 5 union territories in India. Dedicated to gender empowerment and financial inclusion, the company provides a diverse range of products, including microloans, MSME financing through Satin Finserv Limited and affordable housing loans via Satin Housing Finance Limited. Recently, the group expanded into software services with Satin Technologies Limited and impact investing through Satin Growth Alternatives Limited, a Category II AIF focused on women entrepreneurs and green initiatives.
The company has a market cap of Rs 1,640 crore. The shares of the company have a PE of 10x and an ROE of 8 per cent. The stock is down by 7 per cent in the last 6 months and plunged 45 per cent in 2 years.
Disclaimer: The article is for informational purposes only and not investment advice.