Spandana Sphoorty is a public limited company established in 1998 and in the span of five years, it became the largest microfinance institution. Spandana Spoorty comprises a total of 1856 branches in a total of 10 states and with 13,500 employees. Mrs Padmaja Reddy founded it and at the initial stages, it was a society which was then later transformed into NBFC-NFI. It provides loans for property, personal loans, unique curated loans, etc. for its customers.