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
***********
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Phone
*********
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Website
*********
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Social
*********
- 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Private Equity Round — $100.0M
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First Round
First Round
(04 Feb 2007)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2012 | Amount | Private Equity Round - Sonalika | Valuation | Blackstone |
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| Feb, 2007 | Amount | Private Equity Round - Sonalika | Valuation | JM Financial Private Equity |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified investment management is provided across multiple asset classes.
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Founded Year | Domain | Location | |
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Growth-equity focused private firm investing in SMEs
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sonalika
Sonalika has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Thaler. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sonalika
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sonalika Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric tractors are manufactured for agriculture, industry, and defense uses.
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| domain | founded_year | HQ Location |
Manufacturer of tractors, mobile cranes, and railway equipment
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| domain | founded_year | HQ Location |
TAFE produces tractors, farm machinery, diesel engines, and exports globally.
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| domain | founded_year | HQ Location |
AI-enabled electric tractors and components are manufactured.
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| domain | founded_year | HQ Location |
Heavy-duty electric tractors for agricultural use are manufactured.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sonalika
Frequently Asked Questions about Sonalika
When was Sonalika founded?
Sonalika was founded in 1969 and raised its 1st funding round 38 years after it was founded.
Where is Sonalika located?
Sonalika is headquartered in Hoshiarpur, India. It is registered at Hoshiarpur, Punjab, India.
Is Sonalika a funded company?
Sonalika is a funded company, having raised a total of $128.35M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $28.35M, raised on Feb 04, 2007.
How many employees does Sonalika have?
As of Apr 07, 2024, the latest employee count at Sonalika is 6,010.
What is the annual revenue of Sonalika?
Annual revenue of Sonalika is $1.12B as on Mar 31, 2023.
What does Sonalika do?
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.
Who are the top competitors of Sonalika?
Sonalika's top competitors include Escorts Kubota, AutoNxt Automation and TAFE.
What products or services does Sonalika offer?
Sonalika offers Sonalika Tractors, Rotavator, Baler, and Combine Harvester.
How many acquisitions has Sonalika made?
Sonalika has made 1 acquisition, including Thaler.
Who are Sonalika's investors?
Sonalika has 2 investors. Key investors include Blackstone, and JM Financial Private Equity.