Spandana Sphoorty Financial Ltd Share Price – NSE  / BSE

Finance, Small Cap

The appointment was made based on the recommendation of the nomination & remuneration committee and approved by the board of directors in its meeting held on 25 November 2025. The terms of appointment, including remuneration, are subject to shareholder approval.

The company also informed that Ashish Kumar Damani, who was earlier serving as interim CEO, will continue in his role as president & chief financial officer (CFO) of the company.

Venkatesh Krishnan, the newly appointed MD & CEO of Spandana Sphoorty Financial, is a highly accomplished Chartered Accountant with over 34 years of experience in the financial services sector across leading institutions and diverse roles. He brings strong expertise in financial inclusion and rural banking, having previously headed the Microfinance division at HDFC Bank from 2018, where he led key initiatives such as low-cost branches, undergraduate hiring programs, and the creation of a unified technology platform. He has also held senior leadership positions including head of branch banking at hsbc and chief distribution officer at L&T Insurance, gaining wide-ranging experience across assets, liabilities, and NBFC operations.

Spandana Sphoorty Financial is primarily engaged in the business of microfinance, providing small-value unsecured loans to low-income customers in semi-urban and rural areas.

The company reported consolidated net loss of Rs 249.13 crore in Q2 FY26 as against net loss of Rs 216.32 crore in Q2 FY25. Net sales slipped 65.9% year on year to Rs 239.49 crore in Q2 FY26 over Q2 FY25.

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Net Loss of Spandana Sphoorty Financial reported to Rs 249.13 crore in the quarter ended September 2025 as against net loss of Rs 216.32 crore during the previous quarter ended September 2024. Sales declined 66.33% to Rs 229.55 crore in the quarter ended September 2025 as against Rs 681.85 crore during the previous quarter ended September 2024.

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Spandana Sphoorty Financial will hold a meeting of the Board of Directors of the Company on 31 October 2025.

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In a regulatory filing, the company stated that Anand stepped down due to personal reasons.

Following his resignation, and based on the recommendations of the nomination & remuneration committee and the risk management committee, the board has approved the appointment of G. Parthasarathy as the new chief risk officer (CRO) for a three-year term, effective from 16 October 2025 to 15 October 2028. The appointment is in line with the Reserve Bank of India?s Master Direction for Non-Banking Financial Company ? Scale Based Regulation, 2023.

Parthasarathy brings over 26 years of experience in financial services, with expertise across risk management, internal audit, legal, credit and policy, collections, operations, and sales. Prior to this, he served as CRO at Belstar Microfinance, where he led nationwide functions across risk, legal, internal audit, and compliance, managing a team of over 300 professionals.

He has previously held leadership roles at Madura Microfinance, BEBB India, Muthoot Fincorp, HDFC Bank, and GE Money, contributing to the development of risk frameworks in collaboration with global consultancies like KPMG.

Parthasarathy holds degrees in Law (LL.B.), Marketing (MBA), and Mathematics (B.Sc.), and is pursuing a Financial Risk Manager (FRM) certification. He also holds certifications in Six Sigma (White Belt) and IRDA, and has received multiple awards and scholarships for his contributions to the financial services sector.

The company clarified that G. Parthasarathy is not related to any director on the board of the company.

Spandana Sphoorty Financial is primarily engaged in the business of microfinance, providing small-value unsecured loans to low-income customers in semi-urban and rural areas.

The company?s consolidated net profit jumped 44.6% to Rs 202.48 crore on 13.3% rise in revenue from operations to Rs 2,098.97 crore in Q1 FY26 over Q1 FY25.

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