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HDFC Securities Retail Research
Spandana Sphoorty Financial Ltd., under the guidance of Kedaara Capital (key investor) and the new management team, is taking steps to ensure smooth transition, post the exit of its founder Ms Padmaja Reddy. The new Managing Director and Chief Financial Officer (Mr. Shalabh and Mr. Ashish Damani respectively) come with a vast experience which could be instrumental in sailing the company out of the current situation.
The recent easing of regulation by Reserve Bank of India for microfinance companies could aid in increase in the business for Spandana Sphoorty which has witnessed a 14% YoY de-growth in assets under management in Q3 FY22.
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