Satya MicroCapital Limited is serving low income entrepreneurs in rural and urban areas.

Basic Information

Satya MicroCapital Limited is a Delhi based NBFC serving low income entrepreneurs in rural and urban areas. Satya's mission is to be catalyst for socioeconomic upliftment of five million households by the year 2025. Satya started its journey in October 2016 and claims to have registered impressive growth having reached Assets under Management (AUM) of Rs 100 crore in just 1 year. 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. The company utilized demonetization as an opportunity to rework on the business strategy through cashless transactions. SATYA is an institution built with a vision of change, transformation and is a differentiator in financial inclusion space and its approach is well recognized by industry experts and professionals across different sectors. Currently, SATYA has established 150 branches in 131 districts in 22 states (Assam, Bihar, Chandigarh, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Karnataka, Madhya Pradesh, Meghalaya, Odisha, Pondicherry, Punjab, Rajasthan, Tamil Nadu, Tripura, Uttar Pradesh, Uttarakhand and West Bengal). They are committed to creating livelihood through entrepreneurship by progressing with Trust, Transparency, Teams, Technology and Training. See more

Legal Name

:

Satya MicroCapital Limited

Headquarters

:

New Delhi, Delhi, India

Founding Date

:

2017

No. of Employees

:

251 to 500

Core Team

:
1.

Vivek Tiwari

Founder, MD & CEO

2.

Ashutosh Kumar Srivastava

Chief Technology Officer

Funding

Total Funding

$45.0M

Investors

:

1.

BlueOrchard Finance S A

2.

ResponsAbility Investments

3.

Dia Vikas Capital

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