Following approval, Satin Growth Alternatives Ltd (SGAL), a 100 per cent owned subsidiary of Satin Creditcare Network Ltd (SCNL), has launched its debut ₹200 crore Category II Alternative Investment Fund (SGAL-Scheme 1).
The fund will back businesses around financial inclusion, sustainability and impact with an average ticket size of ₹4-5 crore going up to ₹10 crore.
The fund, whose quasi equity/debt instruments balance downside protection with equity upside potential, will be led by VC (venture capital) and consulting professional Shivika Sethi (Partner at SGAL since October 2025, with around 14 years of experience), per a SCNL statement.
HP Singh, Chairman-cum-Managing Director, SCNL, said: “This initiative not only reflects our commitment to fostering inclusive and sustainable growth, but also creates an opportunity for our talented team to step into larger leadership roles.
“I look forward to seeing how they evolve, take ownership, and contribute to building a differentiated investment platform that delivers both strong financial returns and meaningful impact.”
Aditi Singh, Director, SGAL and Chief Strategy Officer, SCNL, observed that at its core, the AIF’s strategy is designed to empower women-led and women-focused businesses, enabling greater financial inclusion and unlocking opportunities at the last mile.
“By bridging the gap between traditional debt and equity, we aim to provide flexible, growth-oriented capital to enterprises that are often underserved,” she said.