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Spandana Sphoorty Financial Ltd appoints Mr. Venkatesh Krishnan as MD and CEO
Posted On : 2025-11-25 14:16:17( TIMEZONE : IST )
Based on the recommendation of the Nomination & Remuneration Committee, the Board of Directors of Spandana Sphoorty Financial Limited in its meeting held today, i.e. Tuesday, November 25, 2025, appointed Mr. Venkatesh Krishnan, as the Managing Director & Chief Executive Officer of the Company for a period of 3 years (i.e. from November 27, 2025 to November 26, 2028, both days inclusive). The terms of appointment (including remuneration) of Mr. Venkatesh Krishnan as the Managing Director & Chief Executive Officer of the Company are subject to approval by the Members of the Company.
Further, it is informed that Mr. Ashish Kumar Damani, President & Chief Financial Officer of the Company who was earlier appointed as Interim Chief Executive Officer will continue in his role as President & Chief Financial Officer of the Company.
Mr. Venkatesh Krishnan is a highly accomplished Chartered Accountant with over 34 years of experience in financial services across leading institutions and diverse functions. He brings deep expertise in financial inclusion and rural banking. Previously, he headed the Microfinance division at HDFC Bank (retail and wholesale) from 2018, driving transformative initiatives such as low-cost branches, undergraduate hiring programs, and a unified technology platform. He played a pivotal role in expanding the Self-Help Group business, earning HDFC Bank the 'Best Private Bank' award by MoRD in FY22 and FY23. His deep sector expertise is further highlighted by his tenure as MD/CEO of IFMR Rural Channels and his role on the Board of MFIN currently. His career also includes leadership roles as Head of Branch Banking at HSBC and Chief Distribution Officer at L&T Insurance, where he gained extensive experience across assets, liabilities, and NBFC setup.
Shares of Spandana Sphoorty Financial Limited was last trading in BSE at Rs. 264.30 as compared to the previous close of Rs. 267.95. The total number of shares traded during the day was 19657 in over 684 trades.
The stock hit an intraday high of Rs. 274.00 and intraday low of 260.90. The net turnover during the day was Rs. 5253742.00.
