Spandana Sphoorty Strengthens Leadership with Appointment of MFI Veteran K. Venkatesh as MD & CEO

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.