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Spandana Sphoorty Financial
3.8
based on 871 Reviews
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Company Overview
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Company Summary
Spandana Sphoorty Financial Limited (SSFL) is a microfinance company (NBFC MFI).
Overall Rating
3.8/5
based on 871 reviews
5% below
industry average
Work Policy
Work from office
89% employees reported
Monday to Saturday
52% employees reported
Strict timing
61% employees reported
Within city
54% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
38 employees reported
Health insurance
28 employees reported
Office cab/shuttle
14 employees reported
Free meal
8 employees reported
View all benefits
About Spandana Sphoorty Financial
Founded in1998 (27 yrs old)
India Employee Count10k-50k
Global Employee Count10k-50k
India HeadquartersHyderabad/Secunderabad, Telangana, India
Office Locations
--
Websitespandanasphoorty.com
Primary Industry
Other Industries
--
View in video summary
Spandana Sphoorty Financial Limited offers micro-loans to customers who do not have easy access to credit from the formal channels of finance. All microfinance loans under the JLG model of group-based lending are extended to women who are engaged in entrepreneurial (income generation) activities, thus ensuring financial security, empowerment, and improved quality of living to their families.
Mission: We want to be one of the most significant microfinance service provider by 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 endeavour to deliver quality services to our clients 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.
Spandana Sphoorty Financial Ratings
based on 871 reviews
Overall Rating
3.8/5
How AmbitionBox ratings work?
5
391
4
162
3
124
2
53
1
141
Category Ratings
3.7
Salary
3.6
Job security
3.6
Skill development
3.6
Promotions
3.5
Company culture
3.5
Work-life balance
3.5
Work satisfaction
Spandana Sphoorty Financial is rated 3.8 out of 5 stars on AmbitionBox, based on 871 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Spandana Sphoorty Financial
based on 760 reviews
3.7
Rated by 73 Women
Rated 3.9 for Job security and 3.6 for Salary
3.8
Rated by 687 Men
Rated 3.7 for Salary and 3.6 for Job security
Work Policy at Spandana Sphoorty Financial
based on 90 reviews in last 6 months
Work from office
89%
Permanent work from home
8%
Hybrid
3%
Spandana Sphoorty Financial Reviews
Top mentions in Spandana Sphoorty Financial Reviews
+ 5 more
Compare Spandana Sphoorty Financial with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.8/5 based on 871 reviews | 3.9/5 based on 20.9k reviews | 4.5/5 based on 7.1k reviews | 4.1/5 based on 7.4k reviews |
Highly Rated for | No highly rated category | Skill development Job security Company culture | Skill development Work-life balance Job security | Job security Work-life balance Skill development |
Critically Rated for | No critically rated category | Promotions | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 89% employees reported | Work from office 85% employees reported | Work from office 92% employees reported | Work from office 86% employees reported |
Rating by Women Employees | 3.7 Good rated by 73 women | 3.8 Good rated by 4.3k women | 4.5 Good rated by 2.3k women | 3.9 Good rated by 747 women |
Rating by Men Employees | 3.8 Good rated by 687 men | 4.0 Good rated by 15.3k men | 4.5 Good rated by 4.4k men | 4.1 Good rated by 6.2k men |
Job security | 3.6 Good | 3.8 Good | 4.4 Good | 4.0 Good |
View more
Spandana Sphoorty Financial Salaries
Spandana Sphoorty Financial salaries have received with an average score of 3.7 out of 5 by 871 employees.
Credit Assistant
(177 salaries)
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₹1.1 L/yr - ₹4.2 L/yr
Branch Manager
(154 salaries)
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₹1.5 L/yr - ₹6.2 L/yr
Cluster Manager
(75 salaries)
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₹3.2 L/yr - ₹7.2 L/yr
Internal Auditor
(54 salaries)
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₹2 L/yr - ₹3.5 L/yr
Loan Officer
(41 salaries)
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₹1.4 L/yr - ₹5 L/yr
Senior Associate
(33 salaries)
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₹2 L/yr - ₹4.2 L/yr
HR Executive
(32 salaries)
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₹1 L/yr - ₹5 L/yr
Operations Manager
(29 salaries)
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₹4.4 L/yr - ₹11 L/yr
Associate Vice President
(28 salaries)
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₹6.1 L/yr - ₹25.6 L/yr
Credit Officer
(27 salaries)
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₹1.2 L/yr - ₹3.5 L/yr
Spandana Sphoorty Financial Interview Questions
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Spandana Sphoorty Financial Jobs
Popular Designations Spandana Sphoorty Financial Hires for
Regional HR
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Analyst
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Assistant Manager
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Network Engineer
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Compliance Manager
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Database Admin
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Associate Vice President
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Assistant Vice President
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Popular Skills Spandana Sphoorty Financial Hires for
Spandana Sphoorty Financial News
CARE Ratings downgrades ratings of Spandana Sphoorty Financial’s Bank
- CARE Ratings has downgraded the ratings of Spandana Sphoorty Financial’s Bank.
- The downgrade factors in significant weakening of SSFL's earnings profile, with the company reporting net losses of ₹601 crore in 9MFY25.
- SSFL's profitability and asset quality have been impacted by over-indebtedness of borrowers, dilution of credit discipline, and other issues.
- The agency expects SSFL's profitability and asset quality to remain muted in the near term due to ongoing headwinds in the microfinance industry.
HinduBusinessLine | 4 Feb, 2025
Buy, Sell Or Hold: IRCTC, Bajaj Housing Finance, DLF, Zomato — Ask Profit
- Girish Sodani suggests selling Spandana Sphoorty and advises holding Bajaj Housing Finance, Motilal Oswal Financial Services, Zomato, DAM Capital, VST Industries, DLF, Jio Financials, and IRCTC.
- Jai Bala recommends selling Spandana Sphoorty, avoiding Bajaj Housing Finance, entering Oracle Finance with a certain stoploss, holding Motilal Oswal Financial Services, Zomato, DAM Capital, and DLF, and being cautious with Jio Financials.
- The experts express a positive outlook on VST Industries and bullish sentiments on DLF and IRCTC.
- Disclaimer: The views shared by the analysts are their own and not endorsed by NDTV Profit. It is advised to consult a financial advisor before making any investment decisions.
Bloomberg Quint | 24 Jan, 2025
Spandana Sphoorty Shares Hit Lower Circuit On Q3 Loss; Down 70% In A Year
- Spandana Sphoorty Financial Ltd. reported a net loss of Rs 394 crore for the quarter ending December.
- The company's write-offs exceeded the gross non-performing assets figure of the September quarter.
- Total income was down 14.9% to Rs 529 crore compared to the same period last year.
- Shares of Spandana Sphoorty fell 5% to Rs 324 apiece, the lowest level since Dec. 31, down 70% in a year.
Bloomberg Quint | 24 Jan, 2025
Spandana Sphoorty shares hit lower circuit post Q3 loss, brokerages cut target prices
- Spandana Sphoorty shares hit lower circuit as it records Q3 loss of ₹440.19 crore.
- Board approves raising funds through QIP for an aggregate amount not exceeding ₹750 crore.
- Assets under management (AUM) decline 14% YoY to ₹8,936 crore in Q3 FY24.
- Nuvama Institutional Equities maintains hold call on the stock with a target price of ₹335.
HinduBusinessLine | 24 Jan, 2025
Large MFIs see sharp rise in NPAs, lower profit in Q2
- CreditAccess Grameen (CA Grameen) reported a sharp decline in Q2 net profit, with a y-o-y fall of 46% and a q-o-q fall of 53%.
- Spandana Sphoorty, another major MFI, reported a net loss of ₹216 crore in Q2 and saw a significant increase in GNPA.
- Factors such as lack of borrower discipline, employee attrition, and adverse events have contributed to stress in the MFI sector.
- MFIs have implemented measures to tighten credit criteria and improve loan collection efforts in response to the challenges faced.
HinduBusinessLine | 7 Nov, 2024
Large MFIs see sharp rise in NPAs, lower profit in Q2
- CreditAccess Grameen (CA Grameen) reported a significant decline in net profit and increased credit cost in Q2.
- Spandana Sphoorty reported a net loss in Q2 due to higher impairment on financial instruments and a rise in GNPA.
- Factors like employee attrition, adverse events, borrower discipline issues, and increasing customer leverage contributed to MFI sector stress.
- MFIs are taking measures to tighten credit criteria, improve collections, and address asset quality concerns to mitigate the impact.
HinduBusinessLine | 7 Nov, 2024
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Spandana Sphoorty Financial FAQs
When was Spandana Sphoorty Financial founded?
Spandana Sphoorty Financial was founded in 1998. The company has been operating for 27 years primarily in the NBFC sector.
Where is the Spandana Sphoorty Financial headquarters located?
Spandana Sphoorty Financial is headquartered in Hyderabad/Secunderabad, Telangana.
How many employees does Spandana Sphoorty Financial have in India?
Spandana Sphoorty Financial currently has more than 30,000+ employees in India. Finance & Accounting department appears to have the highest employee count in Spandana Sphoorty Financial based on the number of reviews submitted on AmbitionBox.
Does Spandana Sphoorty Financial have good work-life balance?
Spandana Sphoorty Financial has a Work-Life Balance Rating of 3.5 out of 5 based on 800+ employee reviews on AmbitionBox. 63% employees rated Spandana Sphoorty Financial 4 or above, while 37% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Spandana Sphoorty Financial work-life balance reviews for more details
Is Spandana Sphoorty Financial good for career growth?
Career growth at Spandana Sphoorty Financial is rated fairly well, with a promotions and appraisal rating of 3.6. 63% employees rated Spandana Sphoorty Financial 4 or above, while 37% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Spandana Sphoorty Financial promotions/appraisals reviews for more detailed insights.
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