TTK Prestige And Satin Creditcare Join Hands To Empower Rural Households With Affordable Cooking Solutions - GADGETS & INNOVATIONS

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Wednesday, May 29, 2019

TTK Prestige And Satin Creditcare Join Hands To Empower Rural Households With Affordable Cooking Solutions

TTK Prestige will provide pressure cookers, induction cooktops and mixer grinders to over 70,000 people across Tamil Nadu and Karnataka


TTK Prestige, India’s number 1 kitchen appliance brand, has announced a partnership with Satin Creditcare Network Limited (“SCNL”) one of the largest microfinance companies in India, to provide affordable and healthy cooking solutions to low income groups in South India.

TTK Prestige, which sells over 30 million products per year, will be selling pressure cookers, induction cooktop and mixer grinders to over 70,000 existing SCNL clients in Karnataka and Tamil Nadu.

Satin Creditcare Network Limited (SCNL or Satin) is a leading microfinance institution (MFI) in the country with presence in 22 states and around 72,000 villages. The company mission is to be one stop solution for excluded households at the bottom of the pyramid for all their financial requirements.

The company also offers a bouquet of financial products in the Non-MFI segment (comprising of loans to MSMEs), a housing finance subsidiary, and business correspondent services and similar services to other financial Institutions through Taraashna Services Limited, a business correspondent company and a 100% subsidiary of SCNL.

In April 2017, SCNL incorporated a wholly owned housing finance subsidiary (Satin Housing Finance Limited or “SHFL”) for providing loans to the affordable housing segment. In January 2019, SCNL received separate NBFC license to commence MSME business. SCNL forayed in digital lending “Loan Dost” to target millennials

As of March 2019, SCNL on consolidated basis had 1,168 branches and a headcount of 11,831 across 22 states and union territories serving 35 lakh clients.









Puducherry, India



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