Name Spandana Sphoorty Financial Limited
Year 1998
Company type Hybrid
Sector Finance,Microfinance
Region of operation Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra, Orissa, Madhya Pradesh, Rajasthan and Chhattisgarh
Headquarters address Spandana Sphoorty Financial Limited Plot No.79. Vinayak Nagar, Care Crystal, Gachibowli, Hyderabad-500032 Country: India Zip: 500032
Social media links


Target problem Spandana is a Hyderabad-based Micro Finance Company (non-banking financial company) that provides financial services like micro-credit and credit-plus services to low-income households and individuals to improve their quality of life.It focuses on poor households in rural, semi-urban and urban areas. Poor people usually address their need for financial services through a variety of financial relationships, mostly informal. Credit is available from informal moneylenders, but usually at a very high cost to borrowers. Moreover the products and services offered by Banks are not always considered “accessible” and “convenient” to the customer mainly due to their service terms and processing times. So in this scenario micro-credit is useful in helping the low-income community indirectly avail services like healthcare and education for their children.
Key product / Service Micro-Finance
Team size 101-500
Number of beneficiaries 2500000
Awards and recognition

Funding and Operating Model

Funding round Series A
Total funding raised
NameRoundAmount RaisedType of FundingAnnounced OnWeb URL
Valiant Capital Management
Lok Capital
Helion Venture Partners
JM Financial India Fund (JMF)
Business details After transitioning into an NBFC in 2004-05, Spandana has now been raising funds from diversified sources – Development Financial Institutions, Public Sector Banks, Private Sector Banks, Foreign Banks, and other NBFCs besides the capital and money markets. Their operating costs are much lower than comparable costs of Banks and STPL NBFCs. The delinquency levels are nowhere comparable: <1% to other's over 5% historical average. The key differentiator is that they strongly believe that there is no good or bad client, it all depends on how they treat them and maintain a very high degree of client connect and therefore ensure that delinquencies are negligible.Their aim is to be one of the most significant microfinance service provider by offering a range of financial and non financial products and services to low income households and individuals to improve the quality of life.
Partners and key clients Some of its key partners are:

1. Max New York Life Insurance Company Ltd. 2. Hindustan Unilever Limited (HUL) 3. Micro Energy Credits 4. PATH 5. Abt Associates 6. HSBC

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