Spandana Sphoorty Financial is a leading microfinance NBFC-MFI headquartered in Hyderabad. The firm specializes in rural income-generation loans, with a primary focus on women borrowers. It reported assets under management of Rs 11,970 crores. Recently the company sold a 3.5% stake to Siguler Guff for INR 240 crores. The transaction underscores institutional investor interest in Indian financial-services opportunities. The company’s scale and AUM position it as a prominent player in India’s microfinance sector. Spandana Sphoorty Financial Ltd is an India-based financial firm. The company has been on a fundraising spree. It recently raised Rs125 crore (about $19.5 million) in equity. The investment came from existing investors Kedaara Capital and Ontario Teachers’ Pension Plan (OTPP). The article identifies this as another equity infusion but does not provide operating metrics, use of proceeds, or future plans. No founding year or past-round specifics are disclosed in the article. Spandana Sphoorty Financial, founded in 1998, provides unsecured income‑generation loans, micro‑enterprise loans, farm loans and loans against gold to low‑income segments and also sells solar lanterns, mobile handsets and consumer durables through its network. It operates in 13 states with 540 branches and has over 2 million borrowers. The company’s portfolio outstanding is Rs 1,325 crore, down from about Rs 4,500 crore prior to the Andhra Pradesh crisis. A consortium led by Kedaara Capital has taken a controlling stake via an SPV, and investors cite strong recovery, good growth and profitability over the last three years. Spandana repaid all outstanding dues and has exited the corporate debt restructuring (CDR) process it entered in 2011. The firm’s geographic diversification and branch reach were highlighted by investors as positioning it to benefit from sector tailwinds.

Total raised

$318M

Funding rounds

4

Latest round

Equity

Latest activity

May 2024