Satin Growth Alternatives Ltd (SGAL), a wholly-owned subsidiary of microfinance major Satin Creditcare Network Ltd (SCNL), has secured SEBI registration on April 13, 2026 for its new fund focused on women-led businesses and sustainable development. This marks a significant milestone for the company's expansion into alternative investment management, leveraging SCNL's extensive presence across 550+ districts for superior deal sourcing at the grassroots level.
The debut ₹200 crore Alternative Investment Fund (AIF), structured as a Category II fund, aims to raise capital and targets businesses focused on inclusion, sustainability, and impact. The fund utilizes innovative quasi-equity/debt instruments to balance downside protection with equity upside potential, with an average ticket size of ₹4 to 5 crore, up to ₹10 crore. This strategic approach positions SGAL to support high-potential businesses in emerging sectors while maintaining risk-adjusted returns for investors.
Ms. Shivika Sethi, a veteran venture capital and consulting professional with about 14 years of experience, will lead the fund. Sethi joined SGAL as a partner in late 2025 and has previously managed two $100 million funds. Her extensive background in venture capital and consulting brings valuable expertise to the new fund's management structure, particularly in sourcing and evaluating high-potential businesses at the grassroots level.
Dr HP Singh, chairman of Satin Creditcare Network, expressed excitement about the fund's potential to support disruptive and high-potential businesses. The fund's strategy specifically targets empowering women-led and women-focused businesses, driving financial inclusion and sustainable value creation. This initiative is designed to foster meaningful impact while delivering strong financial returns, positioning the fund to contribute to building a differentiated investment platform that delivers both financial returns and meaningful social impact.
New Delhi-headquartered SCNL is a microfinance institution (MFI) with a presence in 26 states, 5 union territories and over 100,000 villages. This extensive geographical reach provides a strong foundation for the fund's investment strategy and market access across India's diverse regions, with the company's 550+ district presence enabling superior deal sourcing capabilities for SGAL's investment activities.
