Spandana Sphoorty Financial Ltd
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Company Info
Spandana Sphoorty Financial Ltd IPO is a NBFC Microfinance institution operating from Hyderabad with its 920+ branches spread across 16 states of India. The company targets women in the low income group of urban and rural regions by providing unsecured loans for income generation activities.
Date of Incorporation
The company was incorporated on 10th March 2003 as Spandana Sphoorty Innovative Financial Services Limited. With effect from 13th April 2015, the company has been granted as the status of NBFC-MFI by RBI
Promoters of the company
Padmaja Gangireddy and Kangchenjunga are the promoters of the company
Object of the Issue
- With the fresh Issue, spandana tries to fulfill following objectives.
i. To increase the capital base of the company
ii. To meet up general corporate purposes
Strengths of the company
- Resilient performance
- Best client engagement and robust risk management, leading to superior asset quality and collections
- Streamlined systems and processes and high employee productivity leading to low operating expense ratio
- Geographically diversified operations leading to risk containment and business resilience
Company financials
Particulars | For the year/period ended (in Rs. 10 Lakhs) | ||||
31-Mar-19 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | |
Total Assets | 48,980.37 | 37,642.47 | 19,286.22 | 20,998.95 | 23,524.69 |
Total Revenue | 10,362.81 | 5,872.74 | 3,770.64 | 3,438.62 | 3,019.71 |
Profit After Tax | 3,087.48 | 1,879.71 | 4,434.14 | 2,432.35 | 1,050.99 |