What Does Spandana Sphoorty Financial Limited Do?

Total employees4258
HeadquartersHyderabad
Founded1998

Spandana Sphoorty Financial Limited (SSFL) is one of India's prominent Non-Banking Financial Company - Microfinance Institutions (NBFC-MFI). The company is dedicated to providing financial services to low-income individuals, particularly women, in rural and semi-urban areas across India. Its core offerings include income-generating loans based on a Joint Liability Group (JLG) model, which fosters entrepreneurship and financial self-sufficiency. Spandana's mission revolves around financial inclusion, aiming to empower underserved communities by offering collateral-free credit and other financial products, thereby contributing to poverty alleviation and economic development at the grassroots level. The company has a wide operational footprint with numerous branches across various Indian states.

Where Is Spandana Sphoorty Financial Limited's Headquarters?

Spandana Sphoorty Financial Limited officeSpandana Sphoorty Financial Limited officeSpandana Sphoorty Financial Limited officeSpandana Sphoorty Financial Limited office
*Images sourced via web search. Rights belong to original owners

HQ Function

The Hyderabad headquarters serves as the central command for Spandana Sphoorty's nationwide operations, overseeing strategic planning, financial management, risk assessment, technological infrastructure, human resources, and corporate governance. It supports the extensive network of branches across India.

Notable Features:

Situated in Jubilee Hills, an affluent commercial and residential hub in Hyderabad, known for its modern infrastructure and housing many corporate offices.

Work Culture:

The work culture at Spandana's HQ emphasizes professionalism, ethical conduct, and a strong commitment to its social mission of financial inclusion. It fosters collaboration, operational excellence, and adherence to regulatory standards, driven by a goal to empower its customers.

HQ Significance:

Hyderabad's status as a major financial and IT center in India provides Spandana with access to skilled talent, technological resources, and a robust business ecosystem, crucial for an NBFC-MFI managing large-scale operations.

Values Reflected in HQ: The headquarters' operations and environment likely reflect Spandana's core values of transparency, customer-centricity, integrity, and efficiency in delivering financial services.

Location:

Spandana Sphoorty Financial Limited's core operations and services are concentrated within India. The company is focused on domestic financial inclusion, serving clients across various Indian states. While it may engage with international entities for funding or investments, it does not have operational branches or provide direct financial services outside of India. Its global interactions are primarily related to capital raising and adhering to international best practices in microfinance.

Street Address:

Galaxy, Plot No. 68 & 69, H.No.8-2-293/82/A/68 & 69, Road No.1, Jubilee Hills

City:

Hyderabad

State/Province:

Telangana

Country:

India

Where Else Does Spandana Sphoorty Financial Limited Operate Around the World?

Extensive Branch Network Across India

Address: Spandana Sphoorty operates over 1,400 branches across numerous states in India, including but not limited to Andhra Pradesh, Telangana, Karnataka, Maharashtra, Odisha, Madhya Pradesh, Chhattisgarh, Bihar, Jharkhand, West Bengal, Rajasthan, Uttar Pradesh, and Gujarat.

Each branch serves a specific geographic cluster of villages or urban localities, aiming to provide accessible financial services, promote financial literacy, and support income-generating activities tailored to the local economic context. They ensure last-mile connectivity for financial inclusion.

Buying Intent Signals for Spandana Sphoorty Financial Limited

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Notable news
Hiring actively
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Corporate Finance
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*Example signal, not calculated in real time

Who's Leading Spandana Sphoorty Financial Limited? Meet the Executive Team

As of April 2025, Spandana Sphoorty Financial Limited' leadership includes:

Mr. Shalabh Saxena - Managing Director & Chief Executive Officer
Mr. Ashish Damani - President & Chief Financial Officer
Mr. Abboju Reddam Pratap - Chief Business Officer (Microfinance)
Mr. Satish Kistaiah Chembedu - Chief Risk Officer
Mr. Nikhil Jitendrabhai Karia - Company Secretary & Compliance Officer

Who's Investing in Spandana Sphoorty Financial Limited?

Spandana Sphoorty Financial Limited has been backed by several prominent investors over the years, including:

Valiant Mauritius Partners Offshore Limited
Quant Mutual Fund
Max Life Insurance Company Limited
Various other Domestic Institutional Investors (DIIs)
Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs)
Public Shareholders via Stock Exchanges (BSE & NSE)

What Leadership Changes Has Spandana Sphoorty Financial Limited Seen Recently?

Hire3
Exits2

Over the past year (approx. May 2023 - May 2024), Spandana Sphoorty Financial Limited has made key strategic appointments to strengthen its leadership team, particularly in finance, risk, and business operations, while also seeing some departures. These changes reflect the company's ongoing efforts to enhance its management capabilities and drive growth.

Departures

Mr. Ghanshyam Prasad Tiwari, Mr. Ghanshyam Prasad Tiwari resigned from his position as Chief Financial Officer.
Mr. Vivek Kaila, Mr. Vivek Kaila resigned from his role as Chief Strategy Officer.

New Appointments:

Mr. Ashish Damani, Mr. Ashish Damani was appointed President & Chief Financial Officer.
Mr. Satish Kistaiah Chembedu, Mr. Satish Kistaiah Chembedu was appointed as Chief Risk Officer.
Mr. Abboju Reddam Pratap, Mr. Abboju Reddam Pratap was appointed as Chief Business Officer (Microfinance).

What Technology (Tech Stack) Is Used bySpandana Sphoorty Financial Limited?

Discover the tools Spandana Sphoorty Financial Limited uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Spandana Sphoorty Financial Limited Email Formats and Examples

Spandana Sphoorty Financial Limited typically uses professional email formats for its employees, commonly incorporating names or initials with the company domain 'spandanasphoorty.com'. For general inquiries, role-based email addresses like 'investorrelations@spandanasphoorty.com' are also used.

Common patterns include [first_name].[last_name]@spandanasphoorty.com or [first_initial][last_name]@spandanasphoorty.com.

Format

john.doe@spandanasphoorty.com

Example

80%

Success rate

What's the Latest News About Spandana Sphoorty Financial Limited?

Business Standard • May 9, 2024

Spandana Sphoorty Financial Q4 FY24 net profit jumps 60% YoY to ₹168 crore

Spandana Sphoorty Financial reported a 60% year-on-year increase in its net profit to ₹168 crore for the fourth quarter of FY24, up from ₹105 crore in Q4 FY23. The company's total income and assets under management (AUM) also showed robust growth....more

The Economic Times • March 26, 2024

Spandana Sphoorty Financial raises $29 million via NCDs from FMO

Spandana Sphoorty Financial Limited successfully raised $29 million (approx. ₹240 crore) through the issuance of Non-Convertible Debentures (NCDs) to FMO, the Dutch entrepreneurial development bank. This funding is aimed at supporting the company's lending activities and expanding its reach....more

Moneycontrol • January 25, 2024

Spandana Sphoorty shares rally on strong Q3 performance and positive outlook

Shares of Spandana Sphoorty Financial Limited experienced a significant rally following the announcement of strong Q3 FY24 financial results. The company reported healthy AUM growth, improved asset quality, and increased profitability, leading to positive commentary from brokerages....more

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