Sanjay Mahajan CIO Satin Creditcare Honored with the ‘Big CIO 100 Award’

by Shrutee K/DNS

New Delhi, March 23, 2018:  Mr. Sanjay Mahajan, CIO, Satin Creditcare Network was conferred the Big CIO 100 Award by Trescon for being selected as the top 100 CIO in the country. He was given this award for demonstrating leadership qualities strategically deploying IT which resulted in enhanced business benefits. Big CIO Show & Awards took place on March 14 - 15, 2018 at The Leela Mumbai.

The Big CIO 100 Awards is a national award hosted by Trescon, a global business events and consulting firm which recognizes excellence in IT strategies that has brought a transformation in business processes. The awards are hosted along-side Big CIO Show, an exclusive ‘invite-only’ initiative which hosts global thought leaders and industry gurus along with the most impactful CIOs from across India along with some of the best technology companies.

Acknowledging the award, Mr. Sanjay Mahajan, Chief Information Officer, Satin Creditcare said, “I am deeply obliged to receive this prestigious award. It has always been my passion to take on new challenges and create new-age solutions for businesses in digital transformation. This award is the outcome of our continuous efforts into adapting to the hi-tech technological trends & solutions and implementing them to the maximum possibility at various touchpoints for internal and external stakeholders.”

Applauding the efforts of Mr. Mahajan, Mr. HP Singh- Chairman cum Managing Director, Satin Creditcare said, “Mr. Mahajan’s experience as a strategic enabler has been very enlightening and beneficial for Satin. He has successfully introduced Robust Digital Technology to overcome business challenges by creating a unique competitive advantage.

“At Satin, we believe that IT is an integral and critical part of every business and a tool to simplify business complexities at all levels. Under Mr. Mahajan’s leadership, we have successfully taken the first few steps towards becoming a fully digital financial services firm and expect to go completely cashless on disbursements”, Mr. Singh added.

Mohammed Saleem, CEO, Trescon said, “With great pleasure I congratulate Mr Sanjay on his achievement. Every year, we put a lot of efforts in scouting for those really talented IT professionals who have brought a sea-change in how their organization use IT. And today, we can proudly say that Big CIO 100 awards are in deserving hands”. 

About Satin Creditcare Network Limited

Satin Creditcare Network Limited (SCNL or “Satin”) was conceptualized and founded in 1990 by Mr. HP Singh - a qualified Chartered Accountant with over 25 years of experience in retail finance industry. In around 27 years since its inception, Satin today is India’s second largest MFI (as of Sep 2017) having started its journey with individual micro loans to urban shopkeepers. Today, the Company has an established, scalable and a sustainable business model. On a consolidated basis, Satin had an AUM of Rs. 4,882 Crores as on Dec 31, 2017. SCNL offers its clients a variety of loan products under the MFI segment. The company also offers a bouquet of financial products in the Non-MFI segment (comprising of loans to MSMEs), and business correspondent services & similar services to other financial Institutions through TSL, a business correspondent company and an 91% subsidiary of SCNL.

In April 2017, SCNL also incorporated a wholly owned housing finance subsidiary (Satin Housing Finance Limited or “SHFL”) for providing loans to the affordable housing segment. This is a logical extension of Satin’s mission to provide financial products that cater to the underserved segments of the market. In Nov 2017, SHFL received the NHB license and commenced operations in Feb 2018.

As of Dec 2017, SCNL had 898 branches and a headcount of 8,384 across 18 states and union territories serving its 27 lakh clients. SCNL has a strong presence throughout Uttar Pradesh, Bihar, Madhya Pradesh, Punjab, and Haryana and is a dominant player in its other states of operations.