Mumbai: Satin Creditcare Network’s subsidiary, Satin Technologies Limited (STL), will acquire a majority 76.40% stake in QTrino Labs Pvt Ltd as the company aims to boost its technology stack, the company said in a press release. The IIT incubated deep tech startup develops cost-effective, cutting-edge and quantum-safe security solutions for government and enterprise clients. Its advanced cybersecurity capabilities align well with STL’s long-term vision.
The proposed acquisition will help STL expand its business footprint in the advanced technology and cybersecurity domains, with QTrino becoming a subsidiary of STL after the due diligence is done. With QTrino, Satin Creditcare gains an entry in the cybersecurity market, a crucial component for its core microfinance business, allowing it to potentially venture into other services.
Mr. Rupinder Kalia, Managing Director and Chief Executive Officer, Satin Technologies Limited, said: “This represents a significant milestone in Satin Technologies Limited’s journey to build advanced, future-ready technology capabilities. 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.”
“With Satin Group’s strong institutional backing, technology focus, and long-term vision, this association provides a powerful platform to advance our quantum-safe security solutions for enterprises and government institutions. Together, we aim to strengthen cyber resilience, drive impactful innovation and contribute meaningfully to India’s growing digital security ecosystem.” Prof. (Dr.) Jawar Singh, Founder and Director, QTrino Labs, added.
