Sonata Finance - About the company
Sonata Finance is an acquired company based in Lucknow (India), founded in 2006 by Nagi Reddy B and Sivarami Reddy. It operates as a Micro loans in UP and North India. Sonata Finance has raised $40.5M in funding from investors like Creation Investments, Proparco and SIDBI, with last known valuation of $*****. The company has 282 active competitors, including 45 funded and 34 that have exited. Its top competitors include companies like Satin Creditcare, Muthoot Microfin and Svatantra Microfinance.
Company Details
Sonata Finance provides micro loans to women in North India. It disburses loans both through through a joint liability model and as individual loans. It has a network of 192 branches through which it reaches ~372,000 customers. It provides loans in the range of Rs. 7,000 - Rs. 50,000 for income generation activities. Its primary area of operations is Uttar Pradesh. Bellwether Microfinance Fund (managed by Caspian Advisors) is a promoter and India Financial Inclusion Fund is an equity investor in the firm
- Website
- sonataindia.com
- Social
- Email ID
- *****@sonataindia.com
- Phone Number
- +91 **********
- Registered Address
- II FLOOR, CP. 1, PG. TOWERS, KURSI ROAD, VIKAS NAGAR, Lucknow, LUCKNOW, Uttar Pradesh, India, 226026
Key Metrics
Founded Year
2006
Location
Lucknow, India
Stage
Acquired
Total Funding
$40.5M in 9 rounds
Latest Funding Round
Last Known Valuation
$***** as on Feb 10, 2023
Investors
Ranked
56th among 282 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
561 as on Aug 31, 2026
Similar Companies
Exit Details
Acquired by Kotak Mahindra Bank (Feb 10, 2023)
Legal entities associated with Sonata Finance
Sonata Finance is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Sonata Finance a.s. CIN: 27164063 , Czech Republic, Active | Jun 30, 2004 | - | - | |
SONATA FINANCE PRIVATE LIMITED CIN: U65921UP1995PTC035286 , India, Amalgamated | Apr 06, 1995 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 4310 (As on Dec 31, 2024) |
Sonata Finance's acquisition details
Sonata Finance got acquired by Kotak Mahindra Bank on Feb 10, 2023 at an acquisition amount of $*****.
Click here to take a look at Sonata Finance's acquisition in detail
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Sonata Finance's funding and investors
Sonata Finance has raised a total funding of $40.5M over 9 rounds. Its first funding round was on Mar 31, 2007. Its latest funding round was a Conventional Debt round on Oct 13, 2022 for $*****. 1 investor participated in its latest round. Sonata Finance has 12 institutional investors and 28 angel investors.
Here is the list of recent funding rounds of Sonata Finance:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 13, 2022 | 3461835 | Conventional Debt | 1722361 | 3001741 | 1231029 | 3454921 |
May 15, 2018 | 2340049 | Series D | 8804108 | 7744192 | 8801254 | |
Nov 18, 2016 | 5641061 | Series D | 9720273 | 2088534 | 7705474 |
Access funding benchmarks and valuations. Sign up today!View details of Sonata Finance's funding rounds and investors
Sonata Finance's founders and board of directors
Founder? Claim ProfileThe founders of Sonata Finance are Nagi Reddy B and Sivarami Reddy. Anup Kumar Singh is the CEO of Sonata Finance.
Here are the details of Sonata Finance's key team members:
- Nagi Reddy B: Co-Founder of Sonata Finance and founder of 2 other companies, Sendcrux and Cognier Block. Contact Info: 1 email address
- Sivarami Reddy: Co-Founder of Sonata Finance.
Sonata Finance's Board of Directors
Sonata Finance's board has 5 active members. Anup Kumar Singh is part of team and Kenneth Danehorn, Pradip Saha, . Sobhana Ganesh and Saurabh Johri are independent board members.Here is the list of Sonata Finance's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 20y 0m | |
Independent board member | - | Current | 13y 11m | |
pzpi{oa | Independent board member | - | Current | 3y 4m |
rczmvwt | Independent board member | - | Current | 2y 8m |
ofkbfx{ | Independent board member | - | Current | 5y 2m |
rkjbtwx | Independent board member | - | Past | 1y 4m |
View details of Sonata Finance's Founder profiles and Board Members
Sonata Finance's employee count trend
Sonata Finance has 561 employees as of Aug 26. Here is Sonata Finance's employee count trend over the years:
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Sonata Finance's Competitors and alternates
Top competitors of Sonata Finance include Satin Creditcare, Muthoot Microfin and Svatantra Microfinance. Here is the list of Top 10 competitors of Sonata Finance, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Satin Creditcare 1990, Gurugram (India), Public | NBFC offering micro loans to businesses | $41.3M | 73/100 | |
2nd | Muthoot Microfin 2010, Ernakulam (India), Public | Provider of microfinance financial support and loans to low-income earning women entrepreneurs | $138M | 71/100 | |
3rd |  Svatantra Microfinance 2012, Mumbai (India), Late Stage | Provider of microfinance and individual loan services for entrepreneurs | $98.7M | 69/100 | |
4th |  Asirvad Microfinance 2009, Chennai (India), Acquired | Provider of micro loans for consumers | $1.75M | 69/100 | |
5th |  Ujjivan SFB Bengaluru (India), Public | Provider of banking services including savings accounts loans and insurance | $238M | 69/100 | |
6th |  Sindhuja Microcredit 2018, Noida (India), Series C | Provider of micro-credit solutions for low-income individuals and businesses | $40.7M | 66/100 | |
7th |  CreditAccess Grameen 1996, Bengaluru (India), Public | Provider of microcredit services | $23.5M | 66/100 | |
8th | Provider of financial services focused on livelihood advancement for underserved communities | $79.7M | 66/100 | ||
9th |  Satyamicrocapital 2016, Delhi (India), Series C | Provider of microfinance operations services | $116M | 65/100 | |
10th |  Ananya Finance For Inclusive Growth 2009, Ahmedabad (India), Series B | Non-Banking Financial Institution providing microfinance solutions to underserved communities | $58.5M | 64/100 | |
56th | Sonata Finance 2006, Lucknow (India), Acquired | Micro loans in UP and North India | $40.5M | 41/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Sonata Finance's competitors? Click here to see the top ones
Sonata Finance's Latest cap tables and shareholding
Founders own 3.03%, Funds (largest shareholder) own 79.11%, Angels own 1.63% and Other People own 0.44%. The net worth of Sonata Finance's founders is INR 12.3Cr as of May 15, 2018.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 3.03% | 12.3Cr | 617 | 821 | 363 | 329 |
Fund | 79.11% | 320Cr | 9682368 | 3014861 | 1769503 | 9772095 |
1320966 | 3616500 | 5238882 | 3669810 | 1765828 | 2943813 | |
1408328 | 7847831 | 6802076 | 2512417 | 2705363 | 5422685 | |
7852748 | 7341065 | 1216427 | 8579711 | 9716660 | 7762727 | |
Angel | 1.63% | 6.6Cr | 3 | 1 | 5 | 1 |
Other People | 0.44% | 1.8Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 15.79% | 63.9Cr | 4227611 | 6061994 | 9439655 | 7483228 |
Total | 100.00% | 405Cr | 8431581 | 7190755 | 4047164 | 6600804 |
To unlock detailed Cap Table of Sonata Finance Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Sonata Finance's Shareholding
Sonata Finance's Investments and acquisitions
Sonata Finance has made no investments or acquisitions yet.
Reports related to Sonata Finance
Here is the latest report on Sonata Finance's sector:
News related to Sonata Finance
Filter this list•
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Social Ventures Fund II LP’s Exit from Sonata Finance Private LimitedGlobal Legal Chronicle•Apr 08, 2024•Sonata Finance, Creation Investments, JSA
•
Kotak Mahindra Bank acquires Sonata Finance for Rs 537 croreMoneycontrol•Mar 28, 2024•Sonata Finance, Kotak Bank
•
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Cyril Amarchand Mangaldas advises Kotak Mahindra Bank on INR537 Crore acquisition of Sonata FinanceBusiness Wire India•Mar 03, 2023•Sonata Finance, Kotak Bank
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Kotak Mahindra Bank to acquire Sonata Finance for Rs 537 croreBusiness Standard•Feb 10, 2023•Sonata Finance, Kotak Bank
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Asirvad Microfinance raises Rs 220 crore from Invest in Visions GmbHIndiatimes•Sep 14, 2020•Asirvad Microfinance, Invest in Visions, Northern Arc Capital, Sonata Finance and 1 other
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Sonata Finance implements Nelito Systems’ microfinance solutionIBS Intelligence•Feb 18, 2018•Sonata Finance, Nelito
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Microfinance firm Sonata Finance raises Rs 85 cr equity round led by France's AFDIndiatimes•Dec 14, 2016•Sonata Finance
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