India, 18th October 2023: Satin Creditcare Network Limited (“SCNL”), a leading microfinance institution in India, is pleased to announce that in celebration of its birthday month, the company held a sapling planting initiative yesterday on its founder’s day, i.e. 16th October 2023, which will continue till the end of the month. This plantation drive aims to cover 74 regional offices and plant a total of 10,000 saplings. As a promising start, 4,000 saplings have already been planted, marking a significant stride towards their ambitious goal.

The company’s significant achievement of reaching a Rs. 10,000 crores AUM milestone inspired them to plant 10,000 saplings on Founders Day, demonstrating their growth and commitment to responsible financial practices. This plantation drive, underscores Satin’s dedication to creating a sustainable and eco-friendly environment, in line with its broader vision of positively contributing to ESG factors.

Commenting on the plantation drive, Mr. HP Singh, Chairman cum Managing Director of Satin Creditcare Network Limited, expressed his thoughts, ” When I planted the seed 33 years ago, even I did not think that it would grow up to become such a big tree with so many branches supporting so many lives, and that’s when we realized, what’s a better way to celebrate than planting 10,000 saplings. Satin Creditcare has always been dedicated to upholding ESG principles, and our extensive plantation drive is a tangible testament to that dedication. By planting 10,000 saplings across India, we’re taking a significant stride in preserving our planet and ensuring a greener, healthier future for everyone. The objective of our organization is to foster a culture that promotes environmental accountability, thereby establishing a commendable standard in corporate sustainability. The Foundation Day Plantation Drive exemplifies Satin’s steadfast dedication to fostering sustainable development and generating a beneficial influence on society and the environment.”