About Sonalika
Sonalika is a company based in Hoshiarpur (India) founded in 1969 by Lachhman Das Mittal. Sonalika has raised $128.35 million across 2 funding rounds from investors including Blackstone and JM Financial Private Equity. The company has 6,010 employees as of April 07, 2024. Sonalika has completed 1 acquisition, including Thaler. Sonalika offers products and services including Sonalika Tractors, Rotavator, Baler, and Combine Harvester. Sonalika operates in a competitive market with competitors including AutoNxt Automation, Escorts Kubota, TAFE, Cellestial E-mobility and Moonrider, among others.
- Headquarter Hoshiarpur, India
- Employees 6010 as on 07 Apr, 2024
- Founders Lachhman Das Mittal
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Sectors
Transportation, Automotive & Logistics
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name International Tractors Limited
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$1.12 B (USD)13.63as on Mar 31, 2023
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Net Profit
$160.52 M (USD)17.02as on Mar 31, 2023
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EBITDA
$187.4 M (USD)15.94as on Mar 31, 2023
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Total Equity Funding
$128.35 M (USD)
in 2 rounds
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Latest Funding Round
$100 M (USD), Private Equity Round
Oct 08, 2012
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Investors
Blackstone
& 1 more
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Employee Count
6010
as on Apr 07, 2024
- Investments & Acquisitions
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Products & Services of Sonalika
Sonalika offers a comprehensive portfolio of products and services, including Sonalika Tractors, Rotavator, Baler, and Combine Harvester.
Heavy-duty tractors for efficient agricultural operations
Machine for soil pulverization and seed bed preparation
Device for compacting and managing crop straw
Machine for multi-crop harvesting and threshing
Funding Insights of Sonalika
Sonalika has successfully raised a total of $128.35M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round of $100 million completed in October 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Sonalika
Sonalika has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Blackstone and JM Financial Private Equity.
| Investor | Description | Founded Year | Domain | Location |
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Diversified investment management is provided across multiple asset classes.
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Growth-equity focused private firm investing in SMEs
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Investor details for Sonalika
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Investments & Acquisitions by Sonalika
Sonalika has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Thaler.
Investment portfolio details for Sonalika
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Farm wheel loaders are manufactured by Thaler in Germany.
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Locked | Locked | 1997 | Locked |
Complete acquisition details for Sonalika
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Financial Statements - Sonalika
Detailed financials for Sonalika
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Sonalika Comparisons
Peer comparison for Sonalika
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Competitors of Sonalika
Sonalika operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AutoNxt Automation, Escorts Kubota, TAFE, Cellestial E-mobility and Moonrider, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Electric tractors are manufactured for agriculture, industry, and defense uses.
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Manufacturer of tractors, mobile cranes, and railway equipment
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TAFE produces tractors, farm machinery, diesel engines, and exports globally.
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AI-enabled electric tractors and components are manufactured.
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Heavy-duty electric tractors for agricultural use are manufactured.
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Detailed competitors of Sonalika
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Latest news on Sonalika
Complete news archive for Sonalika
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Frequently Asked Questions about Sonalika
Sonalika was founded in 1969 and raised its 1st funding round 38 years after it was founded.
Sonalika is headquartered in Hoshiarpur, India. It is registered at Hoshiarpur, Punjab, India.
Sonalika is a funded company, having raised a total of $128.35M across 2 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Sonalika is 6,010.
Annual revenue of Sonalika is $1.12B as on Mar 31, 2023.
Sonalika was founded in 1969 in Hoshiarpur, India, and operates in the agricultural machinery sector. A wide range of tractors, such as DI, RX, WT, Sikander, Mahabali, DLX, Tiger, Mileage Master, Baagban, and Garden Track models, is produced. Additional equipment includes mechanized tools for pre- and post-harvest activities, diesel generator sets, multi-utility vehicles, pick-and-carry cranes, potato planters, and rotavators. Export activities support global distribution.
Sonalika's top competitors include Escorts Kubota, AutoNxt Automation and TAFE.
Sonalika offers Sonalika Tractors, Rotavator, Baler, and Combine Harvester.
Sonalika has made 1 acquisition, including Thaler.
Sonalika has 2 investors. Key investors include Blackstone, and JM Financial Private Equity.