Satin Creditcare Acquires 76% Stake in QTrino Labs via Subsidiary
Filing Summary
Satin Creditcare Network Limited, through its wholly owned subsidiary Satin Technologies Limited, has entered into an agreement to acquire up to 76.40% equity in QTrino Labs Private Limited. The acquisition, announced on January 21, 2026, involves a share subscription-cum-shareholders agreement signed on January 17, 2026. QTrino Labs, an IIT-incubated cybersecurity startup, specializes in quantum-safe security solutions. This strategic move marks Satin’s entry into the cybersecurity domain, expanding its technology footprint. Upon completion, QTrino will be consolidated as a subsidiary, enhancing Satin’s technology offerings.
Satin Creditcare Network Limited (“SCNL”) has announced that its wholly owned subsidiary, Satin Technologies Limited (“STL”), has entered into a Share Subscription-cum-Shareholders Agreement to acquire up to 76.40% of the equity share capital of QTrino Labs Private Limited (“QTrino”). The agreement was signed on January 17, 2026, and the announcement was made on January 21, 2026. This acquisition will be executed in one or more tranches.
The financial terms of the acquisition were not disclosed in the filing. However, the transaction involves the acquisition of a majority stake, which will result in QTrino being consolidated as a subsidiary of STL. This strategic acquisition is aimed at expanding STL’s business operations in the advanced technology and cybersecurity sectors.
QTrino Labs is an IIT-incubated startup focused on developing quantum-safe security solutions. These solutions are designed to be cost-effective and cater to enterprises and government institutions. The acquisition aligns with STL’s long-term technology vision, enhancing its cybersecurity capabilities. The integration of QTrino’s advanced cybersecurity solutions is expected to strengthen STL’s solution offerings and enhance the overall technology resilience of the Satin Group.
The acquisition of QTrino Labs marks Satin’s strategic entry into the technology-driven cybersecurity business. This move is part of the Satin Group’s broader strategy to embrace innovation and invest in future-ready capabilities. The focus on technology has been central to the group’s strategy, enabling the development of smarter solutions and enhancing operational resilience.
The timeline for the completion of the acquisition was not specified in the filing. However, the agreement was signed on January 17, 2026, indicating the commencement of the acquisition process. The consolidation of QTrino as a subsidiary will occur upon the completion of the transaction.
QTrino Labs Private Limited is a deep-tech cybersecurity startup incubated at IIT. It specializes in quantum-safe security solutions, providing advanced cybersecurity capabilities to enterprises and government institutions. The company operates in a rapidly evolving technology segment, focusing on developing innovative and cost-effective security solutions.
Satin Creditcare Network Limited is a leading microfinance institution in India, operating in 26 states and 5 union territories. The company provides a range of financial products and services, including microfinance, MSME loans, and affordable housing loans. Satin is committed to leveraging technology and innovation to empower financially underserved communities and drive sustainable growth.