Spandana Sphoorty Financial Ltd is a rural-focused non-banking financial company (NBFC) and a microfinance lender (NBFC-MFI) in India. The company offers income-generating loans under the joint liability group (JLG) model to women from low-income households in rural areas. It provides a range of financial products and services to low-income households and individuals to improve their quality of life. The company’s products include Chetana, Loan Against Property (LAP), and Nano Enterprise Loans[1].
In terms of financial performance, Spandana Sphoorty has shown significant growth. Its net sales in September 2023 were Rs 610.26 crore, up 105% from Rs. 297.69 crore in September 2022. The company’s quarterly net profit was Rs. 125.19 crore[2]. The company’s net interest margin currently stands at 13.75-14%, reinforcing its financial stability and sustainability[8].
The company’s Chief Financial Officer, Shalabh Saxena, has stated that the company may conclude the financial year 2024 with Assets Under Management (AUM) of ₹12,000 crore. The company remains committed to achieving an AUM of ₹15,000 crore by the financial year 2025, as outlined in their Vision 2025 document[8].
In terms of ownership, private companies hold the maximum shares in the company, with a 43% stake. The largest shareholder is Kangchenjunga Ltd., which holds 41% of shares outstanding. The second and third largest shareholders hold 12% and 7.1% of the shares outstanding, respectively[5].
The company’s shares have also performed well, with Spandana Sphoorty shares closing at 891.65 on October 31, 2023, and giving 40.68% returns over the last 6 months and 45.41% over the last 12 months[2].
Spandana sphoorty share price
As of November 1, 2023, the share price of Spandana Sphoorty Financial Ltd closed at ₹910.1[5]. This represents a slight increase from the previous closing price of ₹891.65[3]. The day’s trading saw a high of ₹916 and a low of ₹875[5]. It’s important to note that share prices can fluctuate due to a variety of factors, including overall market conditions, investor sentiment, and company-specific news. Therefore, it’s recommended to check the latest price from a reliable financial news source or the company’s official website.
Spandana sphoorty financial limited branches
Spandana Sphoorty Financial Limited, one of India’s leading microfinance institutions, operates a vast network of branches across the country. As of the first quarter of the financial year 2024, the company had expanded its network to 1,303 branches[7]. This expansion included the addition of 76 new branches during that quarter[7]. The company has set a goal to reach 1,500 branches by the end of the financial year 2025[7].
The branches are spread across various cities in India, including Amravati in Maharashtra and Bengaluru in Karnataka[2]. The company’s registered address is in Hyderabad[3].
It’s important to note that the company’s business is heavily dependent on its operations in Madhya Pradesh, Orissa, and Karnataka, which account for over ~40% of its Assets Under Management (AUM)[7]. However, the company is also diversifying geographically to mitigate risks associated with socio-political and economic conditions in these markets[7].
For the most accurate and up-to-date information about Spandana Sphoorty Financial Limited’s branches, it’s recommended to visit the company’s official website or contact their customer support[1][3].
Spandana sphoorty financial limited vacancies
Spandana Sphoorty Financial Limited, a leading microfinance institution in India, regularly posts job vacancies on its official website and various job portals. As of the latest update, the company has several openings for various roles including:
1. Associate & Executive in the Accounts Department, located in Hyderabad[1].
2. State Admin in the Administration Department, located in Bhubaneswar[1].
3. Company Secretary – Executive in the Company Secretary Department, located in Hyderabad[1].
4. Web Developer in the Information Technology Department, located in Hyderabad[1].
5. Manager/Senior Manager in the Information Technology Department, located at Hyderabad HO[1].
In addition to these, there are also job openings for the role of Loan Officer[5][7].
You can apply for these vacancies through the company’s official website[1][2] or through job portals like Naukri[3][4], LinkedIn[5][7], Indeed[6], AmbitionBox[8], and Instahyre[9].
Please note that the number of vacancies and the roles for which the company is hiring can change over time. Therefore, it’s recommended to regularly check the company’s official website or the mentioned job portals for the most accurate and up-to-date information.
Spandana sphoorty financial limited corporate office hyderabad
The corporate office of Spandana Sphoorty Financial Limited is located in Hyderabad, India. The exact address is Galaxy, Wing B, 16th Floor, Plot No.1, Sy No 83/1, Hyderabad Knowledge City, TSIIC, Raidurg Panmaktha, Hyderabad, Telangana, with the pin code being 500081[3][4]. The company’s contact number is 040-45474750[4][5]. For any further information or queries, you can reach out to them via email at secretarial@spandanasphoorty.com[5]. Please note that it’s always a good idea to check the company’s official website or contact their customer support for the most accurate and up-to-date information[1][2][3].
Spandana sphoorty financial ltd login
Spandana Sphoorty Financial Ltd provides a login portal for its users. To access your account, you can follow these steps:
1. Visit the official login page of Spandana Sphoorty Financial Ltd. The URL for the login page is https://live.spandanasphoorty.com/fimo/Default.aspx[1].
2. Enter your username and password in the respective fields[4][5].
3. Click on the login button to access your account[4][5].
If you encounter any issues during the login process, you may need to check whether your login credentials are correct. If you have forgotten your password, look for an option to reset it on the login page. If the problem persists, it’s recommended to contact the company’s customer support for further assistance[4][5].
Please note that this information is subject to change and it’s always a good idea to check the company’s official website for the most accurate and up-to-date information[1][2][3].
Spandana sphoorty financial limited salary
Spandana Sphoorty Financial Limited offers a range of salaries to its employees based on their roles and responsibilities within the company. The average salary at Spandana Sphoorty Financial Ltd ranges from approximately ₹2,38,130 per year for an Internal Auditor to ₹9,32,299 per year for Management[5].
Specific roles have the following average salaries:
– A Finance Manager earns an average salary of ₹1,562,152 per year[3].
– A Branch Manager earns an average salary of ₹245,005[6].
– An AVP Finance earns an average salary of ₹1,811,026[9].
– A Field Officer earns an average salary of ₹1,80,886[12].
– A Cluster Manager earns an average monthly pay of approximately ₹28,479[14].
The company’s CEO, Shalabh Saxena, has a total compensation of $USD1.88M, which is above average for companies of similar size in the Indian market[16].
Please note that these figures are averages and actual salaries can vary based on factors such as experience, skills, and performance. For the most accurate and up-to-date salary information, it’s recommended to check reliable job and salary portals or the company’s official website.
Yes bank spandana sphoorty
In mid-2023, there were media reports suggesting that YES Bank was considering acquiring Spandana Sphoorty Financial Limited, with Kedaara Capital Investment Managers Limited, the biggest shareholder of Spandana Sphoorty, reportedly in discussions with YES Bank to explore a merger and acquisition deal[1][6]. However, both Spandana Sphoorty and YES Bank dismissed these reports as incorrect and speculative[1][2][3][4][5].
Spandana Sphoorty stated that its board, corporate promoter, and the company remain committed to delivering the business plan under Vision 2025, which was approved by the board of directors in July 2022. The company also emphasized that all steps are being taken to achieve this plan[1][4].
On the other hand, YES Bank clarified that while it has a strategic intent to augment business in the priority sector through organic and inorganic means, the news about evaluating Spandana Sphoorty for acquisition was based on media/market speculations[3][5]. The bank stated that it continues to explore various alternatives including tie-ups and partnership opportunities, joint ventures, strategic investments, portfolio buy-outs, merger, and acquisition opportunities[3][5].
Therefore, as of the latest available information, there is no confirmed deal between YES Bank and Spandana Sphoorty Financial Limited.
Spandana sphoorty credit rating
Spandana Sphoorty Financial Limited has been assigned various credit ratings by different rating agencies. CRISIL has assigned a rating of ‘CRISIL A/Stable’ to Spandana Sphoorty[1]. ICRA has reaffirmed its ratings for Spandana Sphoorty Financial Limited and revised the outlook to Positive[2]. India Ratings has assigned a credit rating of ‘IND A’/Stable to Spandana Sphoorty Financial Limited’s NCDs[5]. These credit ratings reflect the company’s creditworthiness and the likelihood of default. It’s important to note that credit ratings can change over time, and it’s recommended to check the latest ratings from the respective rating agencies’ websites for the most accurate and up-to-date information.
Spandana sphoorty financial limited hr contact number
Spandana Sphoorty Financial Limited has a dedicated HR department, but the specific contact number for the HR department is not publicly listed. However, you can reach out to the company through their general contact number or email. The company’s toll-free number is 1800-120-5519, which is available from 9.30 a.m. to 6.00 p.m. on working days (Monday to Saturday), except on the 3rd and 4th Saturday of each month[1]. You can also contact them via email at css@spandanasphoorty.com[1] or contact@spandanasphoorty.com[2].
If you are looking to connect with specific HR personnel, you may find them on professional networking sites like LinkedIn. For instance, Nileshkumar Chauhan and Rajeev Tripathi are listed as HR Managers at Spandana Sphoorty Financial Limited on LinkedIn[3][4]. However, their direct contact information is not publicly available.
For any HR-related queries or concerns, it’s recommended to reach out through the official channels provided by the company. If you are applying for a job or have already applied, you should follow the instructions provided in the job posting or any communication you have received from the company.
Spandana sphoorty financial ltd pune
The company offers a range of financial services including microfinance and personal loans[2]. It’s recommended to check the company’s official website or contact their customer support for the most accurate and up-to-date information about their services, operating hours, and other details[1][2][4].
Spandana sphoorty financial ltd bangalore address
Spandana Sphoorty Financial Limited has multiple branches in Bangalore. One of the branches is located in Yelahanka New Town[1][5]. However, the exact address of this branch is not specified in the search results. Another branch is located in Vidyaranyapura[2], but again, the exact address is not provided.
For the most accurate and up-to-date information about the Bangalore branches of Spandana Sphoorty Financial Limited, it’s recommended to visit the company’s official website or contact their customer support[3][4]. The company’s toll-free number is 1800-120-5519, which is available from 9.30 a.m. to 6.00 p.m. on working days (Monday to Saturday), except on the 3rd and 4th Saturday of each month[4]. You can also contact them via email at css@spandanasphoorty.com[4].
Spandana sphoorty financial ltd history
Spandana Sphoorty Financial Limited was incorporated as a public limited company under the name ‘Spandana Sphoorty Innovative Financial Services Limited’ on March 10, 2003, in Hyderabad, Andhra Pradesh, India[1]. The company received a certificate of commencement of business on November 11, 2003[1].
On October 16, 2004, the Reserve Bank of India (RBI) granted a certificate of registration to the company as a non-deposit accepting nonbanking financial company (NBFC)[1]. The company’s name was changed to Spandana Sphoorty Financial Limited on November 26, 2007, following a special resolution passed by the shareholders[1]. The RBI granted its no objection to the change of name of the company to Spandana Sphoorty on January 3, 2008[1].
The company was granted NBFC – Microfinance Institution (NBFC-MFI) status by the RBI with effect from April 13, 2015[1]. Spandana Sphoorty Financial Limited is a rural-focused non-banking financial company and a microfinance lender (NBFC-MFI)[2][4][5][7]. The company offers income-generating loans under the joint liability group (JLG) model to women from low-income households in rural areas[5][7]. It offers a range of financial products and services to low-income households and individuals to improve their quality of life[5][7]. The company’s products include Chetana, Loan Against Property (LAP), and Nano Enterprise Loans[5][7].
Through its wholly-owned subsidiary, Criss Financial Ltd, Spandana Sphoorty Financial Limited provides loan products, such as LAP and loans to Nano enterprises[5][7]. As of the latest data, the company operates approximately 1227 branches[5].
Spandana sphoorty ipo listing
Spandana Sphoorty Financial Limited, a microfinance lender in India, had its Initial Public Offering (IPO) between August 5 and 7, 2019[8]. The IPO was priced at INR 853-856 per share[4]. On August 19, 2019, the company made its stock market debut at a 4% discount to its issue price, with the stock opening at INR 825 per share on the BSE[2]. The IPO managed to raise INR 1,200 crore, with the issue being subscribed 1.05 times[6].
Spandana sphoorty ipo review
The Initial Public Offering (IPO) of Spandana Sphoorty Financial Limited, a microfinance lender in India, opened for subscription on August 5, 2019, with a price band at INR 853-856 per share[1]. The company aimed to raise around INR 1,200 crore through the public issue, which consisted of a fresh issue of INR 400 crore and an offer for sale of around INR 800 crore by promoters and investors[1].
Several brokerage firms suggested investors subscribe to the issue for the long term, citing the low penetration of financial services in rural India, the ability of Microfinance Institutions (MFIs) to reach out to the hinterlands, and Spandana Sphoorty’s high operational efficiencies[1]. The company’s valuation at the higher price band was considered average when compared to other listed MFI peers[1].
Spandana Sphoorty Financial Limited is the 4th largest Non-Banking Financial Company-Micro Financial Institution (NBFC-MFI) in India[3]. Its revenue grew by 3x in the last 5 years[3]. The company’s operating expense to average managed assets ratio was better than the industry as a whole for Fiscal 2019[3].
However, the IPO managed to scrape through, helped by institutional investors[5]. The issue was subscribed 1.05 times[5].
In conclusion, the Spandana Sphoorty IPO was viewed positively by several analysts and brokerages, who recommended subscribing to the issue for the long term. The company’s strong position in the MFI sector and its operational efficiencies were cited as key factors. However, the IPO just managed to get fully subscribed, indicating a mixed response from investors[1][3][5].
Spandana sphoorty financial limited credit assistant salary
The typical salary for a Credit Assistant at Spandana Sphoorty Financial Limited is ₹2,36,452 per year[1]. The average monthly pay for this role in India is approximately ₹16,858, which meets the national average[3]. However, it’s important to note that these figures are averages and actual salaries can vary based on factors such as experience, skills, and performance. For the most accurate and up-to-date salary information, it’s recommended to check reliable job and salary portals or the company’s official website.
Spandana sphoorty financial limited jabalpur
Spandana Sphoorty Financial Limited, a leading microfinance institution in India, has a presence in Jabalpur, Madhya Pradesh[3][4]. While the exact address of the branch is not available in the search results, there are employees working as Branch Managers in Jabalpur[2][3][4]. For the most accurate and up-to-date information about the Jabalpur branch of Spandana Sphoorty Financial Limited, it’s recommended to visit the company’s official website or contact their customer support. The company’s toll-free number is 1800-120-5519, which is available from 9.30 a.m. to 6.00 p.m. on working days (Monday to Saturday), except on the 3rd and 4th Saturday of each month[6]. You can also contact them via email at css@spandanasphoorty.com[6].
Spandana sphoorty financial limited working days
Spandana Sphoorty Financial Limited operates on a six-day workweek, from Monday to Saturday, as reported by 53% of employees[1]. However, 22% of employees reported working from Monday to Friday[1]. The working hours can be long, with some employees reporting working from 6:00 AM to 6:30 PM[2]. It’s important to note that these hours may vary depending on the role and location within the company. The company observes government holidays and provides leaves on the second Saturday of the month and on Sundays[2]. For the most accurate and up-to-date information, it’s recommended to check the company’s official website or contact their HR department.
Spandana sphoorty CEO
The current CEO of Spandana Sphoorty Financial Limited is Mr. Shalabh Saxena. He was appointed as the Managing Director and CEO of the company in November 2021, following the exit of the company’s founder and former CEO, Padmaja Reddy[3][4]. Prior to joining Spandana Sphoorty, Mr. Saxena served as the Managing Director and CEO of Bharat Financial Inclusion Ltd., which is IndusInd Bank Ltd.’s microfinance unit[4].
Spandana sphoorty CFO
The current Chief Financial Officer (CFO) of Spandana Sphoorty Financial Limited is Mr. Ashish Damani. He was appointed as the President and CFO of the company on March 19, 2022[5]. Prior to this role, Mr. Damani held key managerial positions at Bharat Financial Inclusion Limited (formerly known as ‘SKS Microfinance Limited’) over a period of 19 years[5]. He was also formerly a Manager CMM with Fullerton India Credit Company Limited[5]. Mr. Damani holds a Post Graduate Diploma in Business Administration in finance[5].
Spandana sphoorty employee reviews
Spandana Sphoorty Financial Limited has received mixed reviews from its employees. On AmbitionBox, the company is rated 3.7 out of 5 based on 720 reviews, with skill development being rated the highest at 3.6 and work-life balance being rated the lowest at 3.4[1]. Some employees have praised the company for its flexible work timings, good team strength, and opportunities for promotion[1]. They also appreciated the salary structure and the support from the head office[1][3][4].
On the other hand, on Glassdoor, the company has an overall rating of 2.8 out of 5, based on over 291 reviews[2]. Only 40% of employees would recommend working at Spandana Sphoorty Financial Limited[2]. On Indeed, the company has an average rating of 3.1, with pay and benefits being rated at 3.3 and work-life balance at 3.1[5].
Some employees have reported long working hours and strict timings[1]. There are also reviews on JobBuzz that describe the company as the “worst place to work”[6].
In conclusion, while some employees have had positive experiences working at Spandana Sphoorty Financial Limited, others have reported challenges related to work-life balance and management. It’s important to note that employee experiences can vary widely based on their role, location, and individual circumstances.