Satin Creditcare Acquires Majority Stake in Cybersecurity Startup QTrino Labs Through this acquisition, STL aims to expand its solution offerings, enhance the overall technology resilience of the Satin Group, and enter the technology-driven cybersecurity business space.
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Satin Creditcare Network Limited (SCNL) announced that its wholly owned subsidiary, Satin Technologies Limited (STL), has signed a Share Subscription-cum-Shareholders Agreement to acquire up to 76.40 percent of the equity share capital of QTrino Labs Private Limited. The acquisition is expected to take place in one or more tranches.
QTrino Labs is an IIT-incubated deep-tech cybersecurity startup that develops cost-effective, quantum-safe security solutions for enterprises and government institutions. The company operates in a rapidly growing technology segment and focuses on providing advanced cybersecurity capabilities. STL's acquisition of QTrino is part of its strategic plan to strengthen its presence in the technology and cybersecurity domains.
Through this acquisition, STL aims to expand its solution offerings, enhance the overall technology resilience of the Satin Group, and enter the technology-driven cybersecurity business space. Once the transaction is completed, QTrino will be consolidated as a subsidiary of Satin Technologies.
Rupinder Kalia, Managing Director and CEO of Satin Technologies Limited, said, "As cybersecurity becomes increasingly critical in a digitally interconnected world, QTrino's deep-tech and quantum-safe security solutions strongly complement our strategic vision."
"This partnership holds immense potential to accelerate innovation, enhance cyber resilience, and create scalable, cost-effective security solutions for enterprises and government institutions. It positions Satin Technologies at the forefront of next-generation cybersecurity while strengthening the overall technology ecosystem of the Satin Group and driving sustainable long-term value," he added.
SCNL is a leading microfinance institution with operations in 26 states, five union territories, and over 1,00,000 villages.
The company provides a range of financial products for underserved communities, including loans to MSMEs and affordable housing.
In recent years, Satin has diversified into technology, software services, and alternative investment funds, with subsidiaries such as Satin Housing Finance Limited, Satin Finserv Limited, and Satin Growth Alternatives Limited.
As of September 30, 2025, the Satin Group had 1,616 branches and served 33.3 lakh clients with a workforce of 16,950 employees.
