Satin Growth Alternatives receives SEBI nod for INR 200 Cr AIF
Satin Growth Alternatives Limited (SGAL), a wholly-owned subsidiary of Satin Creditcare Network Limited (SCNL), has secured SEBI registration on April 13, 2026, for its Category II AIF, SGAL-Scheme 1. The fund aims to raise INR 200 Cr and targets businesses focused on Inclusion, Sustainability, and Impact, with average ticket sizes ranging from INR 4-5 Cr up to INR 10 Cr. Leveraging SCNL's extensive presence across 550+ districts, SGAL-Scheme 1 plans to source high-potential businesses at the grassroots level. The fund, led by Ms. Shivika Sethi, will utilize innovative quasi-equity/debt instruments to balance downside protection with equity upside potential. This initiative is designed to empower women-led and women-focused businesses, fostering financial inclusion and sustainable value creation.
Key Highlights
- SGAL, SCNL's subsidiary, secured SEBI registration for its Category II AIF.
- The INR 200 Cr fund targets businesses in Inclusion, Sustainability, and Impact.
- It focuses on women-led and women-focused enterprises for financial inclusion.
- The fund uses innovative quasi-equity/debt instruments for balanced returns.
- Leverages SCNL's 550+ district presence for superior deal sourcing.