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% equity share capital of QTrino Labs Private Limited (QTrino). This acquisition is planned to occur in one or more tranches. QTrino Labs Private Limited is an IIT-incubated deep-tech cybersecurity startup focused on developing quantum-safe security solutions for enterprises and government institutions. The company operates in a high-growth technology segment and possesses advanced cybersecurity capabilities that align with STL's long-term technology vision. The acquisition is expected to enable STL to expand its business into advanced technology and cybersecurity, strengthen its solution offerings, and enhance the overall technology resilience of the Satin Group. Following the transaction's completion, QTrino will be consolidated as a subsidiary, marking the Group's strategic entry into technology-driven cybersecurity businesses. Prof. (Dr.) Jawar Singh, Founder and Director of QTrino Labs, stated that the association with Satin Group provides a strong platform to advance their quantum-safe security solutions. Mr. Rupinder Kalia, Managing Director and Chief Executive Officer of Satin Technologies Limited, highlighted that the acquisition marks a significant milestone in building advanced, future-ready technology capabilities and positions Satin Technologies at the forefront of next-generation cybersecurity.
