About Spandana
Spandana is a company based in Hyderabad (India) founded in 1998. Spandana has raised $192 million across 10 funding rounds from investors including Yes Bank, IndusInd Bank and ICICI Bank. The company has 11,791 employees as of April 01, 2024. Spandana offers products and services including Microfinance, Chetana, Unnati, Consumer Durable Loan, and Water Sanitation & Hygiene Loan. Spandana operates in a competitive market with competitors including Manappuram Finance, IIFL Finance, L & T Finance Holdings, Bajaj Finserv and Northern Arc Capital, among others.
- Headquarter Hyderabad, India
- Employees 11791 as on 01 Apr, 2024
- Stage Public
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Spandana Sphoorty Financial Limited
- Date of Incorporation 10 Mar, 2003
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$145.93 M (USD)81.46as on Mar 31, 2019
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Net Profit
$43.25 M (USD)79.66as on Mar 31, 2019
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EBITDA
$110.5 M (USD)85.49as on Mar 31, 2019
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Total Equity Funding
$192 M (USD)
in 10 rounds
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Latest Funding Round
$28.78 M (USD), Post-IPO
May 06, 2024
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Investors
Yes Bank
& 12 more
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Employee Count
11791
as on Apr 01, 2024
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IPO & Listings of Spandana
Spandana is a publicly listed company on the NSE with ticker symbol SPANDANA in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Spandana
Spandana offers a comprehensive portfolio of products and services, including Microfinance, Chetana, Unnati, Consumer Durable Loan, and Water Sanitation & Hygiene Loan.
Offers microloans to support rural households and entrepreneurs
Provides tailored microfinance loans for rural customers
Delivers financial support for economic upliftment in communities
Facilitates loans for purchasing consumer durable goods
Supports access to water and sanitation improvements
Funding Insights of Spandana
Spandana has successfully raised a total of $192M across 10 strategic funding rounds. The most recent funding activity was a Post-IPO round of $28.78 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Post-IPO — $28.8M
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First Round
First Round
(01 Aug 2007)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Post-IPO - Spandana | Valuation |
investors |
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| Jan, 2018 | Amount | Debt – Conventional - Spandana | Valuation |
investors |
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| Dec, 2017 | Amount | Private Equity Round - Spandana | Valuation | Kedaara , Ontario Teachers' Pension Plan |
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Investors in Spandana
Spandana has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Yes Bank, IndusInd Bank and ICICI Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm focused on buyouts
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Founded Year | Domain | Location | |
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Private equity firm focused on growth companies
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Founded Year | Domain | Location | |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spandana
Financial Statements - Spandana
Spandana Comparisons
Competitors of Spandana
Spandana operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Manappuram Finance, IIFL Finance, L & T Finance Holdings, Bajaj Finserv and Northern Arc Capital, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Consumer and SME loans are provided by Manappuram Finance.
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| domain | founded_year | HQ Location |
Online gold, home, personal, and business loans are provided.
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| domain | founded_year | HQ Location |
Diversified lending services are provided as a non-banking financial institution.
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| domain | founded_year | HQ Location |
Financial solutions including loans and insurance are offered.
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| domain | founded_year | HQ Location |
Household and business loans are provided with risk management support.
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| domain | founded_year | HQ Location |
Consumer and SME loans are provided by Mahindra Finance.
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Frequently Asked Questions about Spandana
Spandana was founded in 1998 and raised its 1st funding round 9 years after it was founded.
Spandana is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Shalabh Saxena is the current CEO of Spandana.
Spandana is a funded company, having raised a total of $192M across 10 funding rounds to date. The company's 1st funding round was a Private Equity Round of $19.5M, raised on Aug 01, 2007.
As of Apr 01, 2024, the latest employee count at Spandana is 11,791.
Annual revenue of Spandana is $145.93M as on Mar 31, 2019.
Spandana was founded in 1998 in Hyderabad, India, as a provider in the microfinance sector. Loans are extended to rural households through a Joint Liability Group model, alongside consumer durable financing and support for water, sanitation, and hygiene improvements. Top-up options for existing borrowers and property-secured loans are also available. Operations focus on low-income communities to enhance financial access and stability.
Spandana's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
Spandana offers Microfinance, Chetana, Unnati, Consumer Durable Loan, and Water Sanitation & Hygiene Loan.
Yes, Spandana is publicly traded on NSE under the ticker symbol SPANDANA.
Spandana has 13 investors. Key investors include Yes Bank, IndusInd Bank, ICICI Bank, Standard Chartered, and Aditya Birla Capital.
The ticker symbol of Spandana is SPANDANA on NSE.