Kedaara Capital reiterates
long-term commitment to the Company’s growth agenda
26 November 2025, India : Spandana Sphoorty Financial
Limited announced the appointment of K. Venkatesh as its new Managing Director
& Chief Executive Officer. This strategic leadership addition comes at a
crucial time as the Company continues to demonstrate strong business momentum
alongside sustained operational improvements. Over the past six months,
Spandana has shown green shoots in its performance with month on month
improvement across all key business metrics.
In his previous role, Venkatesh led and successfully
revitalised HDFC Bank’s sizable microfinance portfolio. With over three
decades in financial services, he has held senior leadership positions at HSBC,
IFMR, LT Insurance, and HDFC Bank. He brings deep sector expertise in retail
lending, microfinance, rural markets and has successfully steered businesses
across business cycles. His strong grounding in rural banking aligns closely
with Spandana’s focus on financial inclusion, positioning him well to drive the
company’s next phase of expansion and impact.
Speaking on his appointment, K. Venkatesh, MD &
CEO of Spandana Sphoorty, stated, “I am truly honored to join
Spandana at this pivotal moment. The company boasts a robust foundation, a
resilient business model, and a profound connection with the communities it
serves. I am confident in leading the business through a transformative journey
towards becoming a high-quality lending franchise, supported by the Board and
Kedaara”.
Abanti Mitra, Chairperson, Spandana Sphoorty, stated “I am particularly excited to welcome Venkatesh to our
leadership team. Having witnessed the evolution of microfinance over the years,
I am confident that Venkatesh’s deep expertise and strategic vision will propel
Spandana to new heights.”
As Spandana’s promoter and largest shareholder, Kedaara
Capital remains deeply committed to supporting its growth through its
partnership-driven approach, including committing INR 200cr towards the recent
rights issue by the Company.
Sunish Sharma, Founder & Managing Partner,
Kedaara Capital, said: “Venkatesh’s
extensive sector experience and understanding of rural India’s financial needs
will be instrumental in strengthening Spandana’s vision and execution. Kedaara
is deeply committed to help Spandana realize its true potential”.
With Venkatesh’s appointment, Mr. Ashish Damani, who
had been serving as Interim CEO, will cease to be the Interim CEO and continue
in his position as President & Chief Financial Officer of the Company.
Notes to Editor:
About Spandana Sphoorty:
Founded in 1998, Spandana Sphoorty Financial Limited
is a is a publicly listed microfinance institution (NBFC-MFI) with a
robust presence across 20 states and union territories in India. With an
extensive distribution network of approximately 1,700 branches, Spandana serves
a dedicated customer base of 1.6 million women borrowers. The company
specializes in providing microfinance loans, empowering women to achieve
financial independence and improve their livelihoods.
As of September 30, 2025, Spandana Sphoorty boasts an
Assets Under Management (AUM) of INR 4,088 crore, reflecting its commitment to
fostering economic growth and financial inclusion.
