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SPANDANA

BSE
305.60001 INR
13.1
4.11%
Last update Jul 16, 3:29 PM IST
Market closed
Day range
304.20001
316
Previous close
318.70001
Open
316
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Spandana Sphoorty Financial Ltd.
305.60
13.10
4.11%

Overview

Description

Spandana Sphoorty Financial Ltd. is a prominent microfinance institution in India, primarily engaged in providing financial services to underserved populations. The company focuses on offering small loans to women in rural and semi-urban areas to promote entrepreneurship and enhance economic development. Spandana Sphoorty's business model is geared towards empowering low-income households by facilitating access to microloans, thus enabling clients to improve their standard of living and create small-scale businesses. Operating across several states in India, the organization plays a significant role in the rural economy, especially in sectors such as agriculture, retail, and handicrafts, where access to traditional financial institutions is limited. Known for its strong customer-centric approach and innovative microfinance solutions, Spandana Sphoorty is a vital component of India's financial inclusion strategy. Its operations contribute significantly to the socioeconomic upliftment of communities, reinforcing its importance in the nation's financial sector as a bridge to poverty alleviation and financial independence for millions.

About

CEO
Mr. Ashish Kumar Damani
Employees
13097
Address
Galaxy,Wing B
16th Floor Plot No.1,Sy No 83/1 Hyderabad Knowledge City, TSIIC,Raidurg
Hyderabad, 500081
Phone
91 40 4547 4750
Instrument type
Common stock
Sector
Financial Services
Industry
Credit Services
Country
India
MIC code
XBOM
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