Spandana Sphoorty Financial Ltd, incorporated in 2003, is a microfinance institution focused on rural areas and operates as a Non-Banking Financial Company (NBFC). Founded by Mrs. Reddy, who also serves as the Managing Director and promoter, the company primarily offers small unsecured loans aimed at supporting women from low-income households in both rural and urban areas. These loans include income generation loans, business loans, and loans secured against gold jewellery. Spandana has built a strong presence across 15 states in India, with a network of 694 branches and a workforce of 4,045 employees. Through its financial products, the company aims to improve the socio-economic conditions of its customers and support their livelihoods. In 2010, Spandana came under the Corporate Debt Restructuring (CDR) mechanism of the Reserve Bank of India due to financial difficulties, but with the backing of Kangchenjunga Ltd and Kedaara AIF-1, it successfully exited the CDR in March 2017. Prior to the crisis, the company had a loan portfolio of ₹4,500 crore. It began its recovery and returned to profitability in the financial year 2013-14. By September 2018, Spandana had rebuilt a loan portfolio worth ₹2,244 crore.