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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.
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.
Situated in Jubilee Hills, an affluent commercial and residential hub in Hyderabad, known for its modern infrastructure and housing many corporate offices.
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.
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.
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.
Galaxy, Plot No. 68 & 69, H.No.8-2-293/82/A/68 & 69, Road No.1, Jubilee Hills
Hyderabad
Telangana
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.
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As of April 2025, Spandana Sphoorty Financial Limited' leadership includes:
Spandana Sphoorty Financial Limited has been backed by several prominent investors over the years, including:
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.
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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
Business Standard • May 9, 2024
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 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
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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