Suryoday - About the company
Suryoday is a funded company based in Mumbai (India), founded in 2008 by Ramakrishnan V L, Ganesh Ramanand Rao and Baskar Babu Ramachandran. It operates as a Small finance bank offering savings accounts, deposits, and loan products. , with a current valuation of ₹*****. The company has 27 active competitors, including 6 funded and 6 that have exited. Its top competitors include companies like Ujjivan SFB, Capital Small Finance Bank and Suryoday Small Finance Bank.
Company Details
Small finance bank offering savings accounts, deposits, and loan products. It provides banking solutions including savings and current accounts, term and recurring deposits, and various loan options like home, vehicle, and microfinance loans. The bank facilitates banking through mobile and internet platforms, UPI, business correspondents, and branch services.
- Website
- suryodaybank.com
- Social
- Email ID
- *****@suryodaybank.com
- Phone Number
- +91 **********
- Registered Address
- Unit no.1101,Sharda Terraces,Plot No.65, Sector 11,CBD Belapur, Mumbai City, Navi Mumbai, Maharashtra, India, 400614
Key Metrics
Founded Year
2008
Location
Mumbai, India
Stage
Funding Raised
Post Money Valuation
₹***** as on May 21, 2020
Investors
Ranked
10th among 27 active competitors
Investment & Acquisitions
Similar Companies
Legal entities associated with Suryoday
Suryoday is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SURYODAY SMALL FINANCE BANK LIMITED CIN: L65923MH2008PLC261472 , India, Active | Nov 10, 2008 | ₹1,000+ Cr (As on Mar 31, 2026) | 8691 (As on May 01, 2026) |
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Suryoday's funding and investors
Suryoday is a funded company. Suryoday has 10 institutional investors and 4 angel investors.
View details of Suryoday's funding rounds and investors
Suryoday's founders and board of directors
Founder? Claim ProfileThe founders of Suryoday are Ramakrishnan V L, Ganesh Ramanand Rao and Baskar Babu Ramachandran. Baskar Babu Ramachandran is the CEO of Suryoday.
Here are the details of Suryoday's key team members:
- Ramakrishnan V L: Co-Founder & Owner of Suryoday and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.
- Ganesh Ramanand Rao: Former Co-Founder of Suryoday and founder of 1 other company. They are also an angel investor in 4 startups and serve on the boards of 2 companies.Contact Info: 1 phone number
- Baskar Babu Ramachandran: Co-Founder & CEO of Suryoday and founder of 1 other company.
View details of Suryoday's Founder profiles and Board Members
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Suryoday's Competitors and alternates
Top competitors of Suryoday include Ujjivan SFB, Capital Small Finance Bank and Suryoday Small Finance Bank. Here is the list of Top 10 competitors of Suryoday, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Ujjivan SFB Bengaluru (India), Public | Provider of banking services including savings accounts loans and insurance | $238M | 72/100 | |
2nd |  Capital Small Finance Bank 2000, Jalandhar (India), Public | Provider of banking services including savings accounts loans and insurance | $52.1M | 65/100 | |
3rd | Suryoday Small Finance Bank 2008, Navi Mumbai (India), Public | Small finance bank focuses on affordable banking and financial‑inclusion products for retail and underserved customers | $111M | 64/100 | |
4th | Fincare Small Finance Bank 2007, Bengaluru (India), Series D | Offering a range of banking services including credit cards, savings accounts, and fixed deposits for personal, business, and corporate customers | $175M | 63/100 | |
5th |  Unity Small Finance Bank 2021, Delhi (India), Unfunded | Provider of personal, business, and inclusive banking services and products | - | - | 63/100 |
6th | Ujjivan Small Finance Bank 2005, Bengaluru (India), Public | Small finance bank | $154M | 61/100 | |
7th |  Equitas Small Finance Bank 2007, Chennai (India), Public | Small finance bank | $195M | 61/100 | |
8th |  Shivalik Small Finance Bank 1997, Noida (India), Series B | Micro finance bank | $50.6M | 61/100 | |
9th | AU Small Finance Bank 1996, Jaipur (India), Series D | Small finance bank | $136M | 61/100 | |
10th | Small finance bank offering savings accounts, deposits, and loan products | - | 57/100 |
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Suryoday's Latest cap tables and shareholding
Founders own 10.20%, Funds (largest shareholder) own 55.13%, Enterprises own 10.27% and Angels own 17.68%. The net worth of Suryoday's founders is INR 239Cr as of May 21, 2020.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 10.20% | 239Cr | 6004451 | 4872066 | 4067829 | 2835143 |
0 | 0 | 0 | 0 | 0 | 0 | |
Fund | 55.13% | 1,290Cr | 6271723 | 7478434 | 1077223 | 8409971 |
Enterprise | 10.27% | 241Cr | 5820575 | 6593059 | 4273330 | 5116902 |
Angel | 17.68% | 415Cr | 4803944 | 3038714 | 9702993 | 6638328 |
ESOP Pool | 1.47% | 34.5Cr | 5 | 8 | 5 | 8 |
Other Investors | 5.26% | 124Cr | 31370 | 40169 | 78407 | 69066 |
Total | 100.00% | 2,350Cr | 9778140 | 5676803 | 2099713 | 4576448 |
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DisclaimerView more details of Suryoday's Shareholding
Suryoday's Investments and acquisitions
Suryoday has a total of 1 investment in NPCI. Suryoday has not made any acquisitions as of now.Reports related to Suryoday
Here is the latest report on Suryoday's sector:
News related to Suryoday
Media has covered Suryoday for a total of 2 events in the last 1 year, 1 of them has been about company updates and 1 about partnerships.
•
Kyndryl and Suryoday Small Finance Bank Partner to Deploy Agentic AI Across Banking OperationsExpress Computer•Aug 12, 2026•Suryoday, Kyndryl, Suryoday Small Finance Bank
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