Spandana Sphoorty Financial Ltd
Spandana Sphoorty Financial Ltd Company History
Spandana Sphoorty Financial is primarily engaged in the business of micro finance providing small value unsecured loans to low-income customers in semi-urban and rural areas.
2003
The Company was incorporated as Spandana Sphoorty Innovative Financial Services Limited
2003
2004
The Company obtained NBFC registration
2004
2007
The Company received funding from JM Financial and Lok Capital
2007
2008
The Company changed its name to Spandana Sphoorty Financial Limited
The Company received funding from Valiant Capital
2008
2010
The Company opted for corporate debt restructuring under the CDR mechanism
2010
2015
The Company obtained NBFC Â MFI license with effect from April 13, 2015
2015
2017
The Company exited from the CDR
The Company received funding from Kangchenjunga and Kedaara AIF 1
2017
2018
The Company received further funding from certain existing shareholders
The Company acquired Criss Financial as its subsidiary
2018
