MFI Report-
778.9 million4.2 million186.00.0698.8 million0
Mission:
we want to be one of the top 2 global Micro finance Organisation by 2012, offering a range of financial and non financial products and services to low income households and individuals to improve the quality of life. we constantly endeavours to deliver quality services to our customers and ... Read more
we want to be one of the top 2 global Micro finance Organisation by 2012, offering a range of financial and non financial products and services to low income households and individuals to improve the quality of life. we constantly endeavours to deliver quality services to our customers and remunerative returns to our investors by maintaining highest levels of transparency and integrity. We strive to be the most preferred employer in the industry." Hide
Background and Main Challenges:
Spandana started its operations in 1998 under the leadership of Mrs Padmaja Reddy – a first generation entrepreneur. Under her leadership, Spandana has grown at a CAGR of about 100% every year to reach out to over 2% of India’s total households as on Sep 2010. Spandana started as an NGO, ... Read more
Spandana started its operations in 1998 under the leadership of Mrs Padmaja Reddy – a first generation entrepreneur. Under her leadership, Spandana has grown at a CAGR of about 100% every year to reach out to over 2% of India’s total households as on Sep 2010. Spandana started as an NGO, registered as a Society and then transformed into a Non-Banking Finance Company, regulated by the guidelines of Reserve Bank of India. During the growth, Spandana has sustained its operational efficiencies (sub 6% OER) and profitability and portfolio quality (cumulative repayment rate of over 99.5%).
Main challenge is to continue to develop more and more credit and credit plus products suitable to different customer sub-segments within the low-income segment. High degree of product diversification requires supporting business processes and robust technology – and offer these services at scale while not diluting controls and cost efficiencies. Hide
Address:
Plot No 79, Care Crystal, Vinayak Nagar Colony, Gachibowli, Hyderabad
Hyderabad
Andhrapradesh
500 032
India
Phone:
+91 040-44386648
Fax:
+91 40 2373 3962
Email:
contact [at] spandanaindia [dot] com
Website:
Main Funding Sources:
Loans
Shareholder Capital
Products and Services:
Loans
Insurance
Services Provided:
Full-scale Financial Services
Looking for (Investment Types):
Equity
Loans in Local Currency
Donations
Guarantees
% Operations Comprised by MF:
91 - 100
Date established:
Jan 1 1998
FYE:
31-Mar
Current Legal Status:
NBFI
Regulated:
yes
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
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Ashalatha MettlaWhole time Directorasha [at] spandanaindia [dot] com+91 040-44386666
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Hina AnsariManagerhina [dot] a [at] spandanaindia [dot] com+91 040-44386666
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Nitin AgrawalVPnitin [dot] a [at] spandanaindia [dot] com+91 40 4438 6666
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Padmaja ReddyManaging Directorpadmaja [dot] reddy [at] spandanaindia [dot] com+91 40 4438 6666
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Sandeep LohaniChief Operating officersandeep [dot] lohani [at] spandanaindia [dot] com+91 040-44386666
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Sandeep SoniChief Executive Officersandeep [dot] soni [at] spandanaindia [dot] com+91 40 4438 6666
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Y.V. ShivNarainVice Presidentshivnarain [at] spandanaindia [dot] com+91 40 4438 6666
