About Sonata Finance
Sonata Finance is a Financial Services company based in Lucknow (India) founded in 2006 by Sivarami Reddy and Anup Singh, and was acquired by Kotak Mahindra Bank in February 2023. Micro loans in UP and North India. Sonata Finance has raised $40.5 million across 9 funding rounds from investors including Kotak Mahindra Bank, SIDBI and Triodos Bank. The company has 3,366 employees. Sonata Finance was last valued at $59.09 million in May 2018. Its chief executive, as recorded, is Anup Singh. Its Indian entity Sonata Finance Private Limited reported revenue of ₹268 Cr. Sonata Finance offers products and services including Income Generating Loans, Utility Loans, Individual Lending, and Group Lending. Its focus areas include Microfinance, Microcredit and Sustainability Tech. Its competitors include AU Small Finance Bank, Utkarsh Bank and Ujjivan Small Finance Bank; 3 of its 3 listed competitors have raised funding.
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
- Headquarters Lucknow, India
- Employees 3,366
- Founders Sivarami Reddy, Anup Singh
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website sonataindia.com
- Social LinkedIn X Facebook
- Acquired by Kotak Mahindra Bank (Feb 2023)
- Legal Name Sonata Finance Private Limited
- Date of Incorporation 06 Apr, 1995
- Jurisdiction Lucknow, Uttar Pradesh, India
- Annual Revenue₹268 Cr
FY 2025 · -56% YoY
- Net Profit₹12.25 Cr
FY 2025 · 5% margin
- EBITDA₹42.36 Cr
FY 2025 · 16% margin
- Total Equity Funding$40.5M (USD)
in 9 rounds
- Latest Funding Round$6M (USD), Debt – Conventional
Oct 2022
- InvestorsKotak Mahindra Bank
& 17 more
- Employee Count3,366
- Acquired byKotak Mahindra Bank
(Feb 2023)
Associated legal entities of Sonata Finance
Sonata Finance operates through Sonata Finance Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sonata Finance Private Limited CIN U65921UP1995PTC035286 | Amalgamated | 06 Apr 1995 | Lucknow, Uttar Pradesh | ₹268 Cr | 3,366 | 6 | View details |
Products & Services of Sonata Finance
Sonata Finance offers a comprehensive portfolio of products and services, including Income Generating Loans, Utility Loans, Individual Lending, and Group Lending.
Loans for supporting income-generating activities in underdeveloped regions.
Loans provided to existing clients for affordable utility needs.
Personal loans for individuals in poor communities.
Loans to groups for collective responsibility and support.
Funding Insights of Sonata Finance
Sonata Finance has successfully raised a total of $40.5M across 9 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $6 million completed in October 2022. 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 $40.5M
- Total Rounds 9
- Last Round Debt – Conventional — $6M
- First Round $115,100
(Mar 2007)
- Investors Count 17
All 9 funding rounds of Sonata Finance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $6M | Debt – Conventional | – | – | |
| May 2018 | $11.11M | Series D | $59.09M | Creation Investments, Proparco | |
| Nov 2016 | $12.59M | Series D | $57.64M | Proparco, Triodos Bank | – |
| Dec 2015 | $3.78M | Series D | $••••• | SIDBI | – |
| Feb 2014 | $801,000 | Series D | $••••• | SIDBI | – |
| Sep 2012 | $6.35M | Series D | $••••• | Creation Investments | |
| Dec 2009 | $4.7M | Series A | $••••• | Caspian Equity | |
| Mar 2008 | $1.07M | Series A | $••••• | Bellwether Capital | |
| Mar 2007 | $115,100 | Seed | $••••• | Bellwether Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2018 | $59.09M | •••••••• |
| Nov 2016 | $57.64M | •••••••• |
| Dec 2015 | $••••• | •••••••• |
| Feb 2014 | $••••• | •••••••• |
| Sep 2012 | $••••• | •••••••• |
| Dec 2009 | $••••• | •••••••• |
| Mar 2008 | $••••• | •••••••• |
Full valuation and stage history of Sonata Finance
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $59.09M (May 2018). 18 investors in total: 11 institutional and 7 angel.
Investors in Sonata Finance
Sonata Finance has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Kotak Mahindra Bank, SIDBI and Triodos Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Impact investing in emerging markets through private equity and credit services. | 2007 | creationinvestments.com | Chicago, United States | |
Economic development investments are financed through specialized solutions by Proparco. | 1977 | proparco.fr | Paris, France | |
Diversified investment portfolios are managed for various clients. | triodos-im.com | Driebergen Rijsenburg, Netherlands | ||
Investment advisory and fund management services for SMEs and agriculture in India. | 2005 | caspianequity.in | Hyderabad, India | |
Venture debt and private equity investments are provided by MicroVest. | 2003 | microvestfund.com | Bethesda, United States | |
Financial support is extended to micro, small, and medium enterprises. | 1990 | sidbi.in | Lucknow, India | |
Ethical banking services are offered to sustainable initiatives. | 1980 | triodos.com | Zeist, Netherlands | |
A foundation focused on transforming lives through education and health. | 1999 | dell.org | Austin, United States | |
Education and poverty initiatives are funded by the foundation. | msdf.org | Austin, United States | ||
Funds are managed through investment services by Bellwether Capital. | bellwethercapital.in | Mumbai, India |
Investor details for Sonata Finance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Sonata Finance Private Limited (Sonata Finance)
Sonata Finance Private Limited is the primary company behind Sonata Finance. The board of Sonata Finance Private Limited currently have 5 directors; the longest-serving is Anup Kumar Singh, appointed in 2006. 29 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anup Kumar Singh DIN 00173413 | Managing Director | 06 Sep 2006 | 20 yrs 2 mo | Sonata Finance Private Limited |
| Kannan Devarajan DIN 00498935 | Director | 28 Mar 2024 | 2 yrs 7 mo | Sonata Finance Private Limited |
| Tapobrat Chaudhuri DIN 09291548 | Director | 28 Mar 2024 | 2 yrs 7 mo | Sonata Finance Private Limited |
| Manish Kothari DIN 10546805 | Director | 28 Mar 2024 | 2 yrs 7 mo | Sonata Finance Private Limited |
| Manish Raj DIN 11146209 | CFO | 11 Aug 2025 | 1 yr 2 mo | Sonata Finance Private Limited |
People of Sonata Finance
10 people are tracked at Sonata Finance (10 in leadership); the tracked headcount is 3,366.
| Name | Role | Group |
|---|---|---|
Sivarami Reddy | Co-Founder | Leadership |
Rajashekar Reddy | Database Administrator | Leadership |
Ashish Singh | head operational individual | Leadership |
Anil Kumar Singh | microfinance | Leadership |
Hansika Thapliyal | Accounts Finance Treasury | Leadership |
Poonam Soni | sr, manager | Leadership |
| Co-Founder & CEO | Leadership | |
Jagan Mohan Reddy | technical consultant | Leadership |
Anshuman Tiwari | divisional head | Leadership |
Bramhanand | Senior Vice President | Leadership |
Complete people profiles for Sonata Finance
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Financials of Sonata Finance
Figures of Sonata Finance Private Limited, the primary company behind Sonata Finance, for FY 2025. Revenue was ₹268 Cr (-56% year on year). Net profit was ₹12.25 Cr (5% margin). EBITDA was ₹42.36 Cr (16% margin). Revenue has grown at a compounded annual rate of -4% over three years and -5% over five years.
- ₹268 CrRevenue · FY 2025 · -56% YoY
- ₹12.25 CrNet profit · 5% margin
- ₹42.36 CrEBITDA · 16% margin
- ₹26.45 CrPaid-up capital
- 3,366Employees (provident fund records)
- -4%Revenue CAGR, 3 years
- -5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sonata Finance Private Limited are on its company page.
Detailed financial statements for Sonata Finance
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Sonata Finance
5 dated milestones of Sonata Finance across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Sonata Finance is founded.
- Funding First funding round of $115K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Debt – Conventional, of $6.0M.
- Exit Acquired by Kotak Mahindra Bank.
Competitors of Sonata Finance
Sonata Finance has 3 listed competitors in our database, 3 of them funded. They include AU Small Finance Bank, Utkarsh Bank and Ujjivan Small Finance Bank.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| aubank.in | 1996 | Jaipur, India | $118M | 31,943 | Collateralised loans for commercial vehicles are extended to rural entrepreneurs. | |
| utkarsh.bank | 2009 | Varanasi, India | $33M | 19,274 | Small finance bank | |
| ujjivansfb.in | 2005 | Bengaluru, India | $153.96M | 22,566 | Small finance services are extended to underserved segments in India. |
Detailed competitors of Sonata Finance
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Web traffic of Sonata Finance
The website of Sonata Finance (sonataindia.com) receives about 4.3K visits a month.
- Monthly visits4.3K
▲ 34.1% vs previous month
Websites whose visitors overlap most with Sonata Finance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| asirvadmicrofinance.co.in | 100% | 4.3K | #3,332,447 | View details | |
| fivestargroup.in | 87% | 33.4K | #912,897 | View details | |
| fusionmicrofinance.com | 73% | View details | |||
| asa-international.com | 73% | 174.1K | #346,808 | View details | |
| mfinindia.org | 73% | #1,830,524 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 16 similar websites and full traffic analytics for Sonata Finance
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- 16 similar websites
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Top companies in Microfinance
3 companies that operate in the same segment as Sonata Finance (Microfinance) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 101.74 M | USD 474.19 M | 12,520 | |
Micro loans for businesses are offered by this NBFC. | 1990 | Delhi, Delhi, India | USD 40 M | USD 310.26 M | 752 | |
Provider of microloans | 2010 | Delhi, Delhi, India | USD 71.68 M | 12,403 |
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Frequently Asked Questions about Sonata Finance
Sonata Finance was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Sonata Finance is headquartered in Lucknow, India. It is registered at Lucknow, Uttar Pradesh, India.
Anup Singh is the CEO of Sonata Finance, as recorded in our data. They have also founded this company.
Sonata Finance is a funded company, having raised a total of $40.5M across 9 funding rounds to date. The company's 1st funding round was a Seed of $115.1K, raised on Mar 2007.
Sonata Finance has 3,366 employees.
The primary company behind Sonata Finance, Sonata Finance Private Limited, reported revenue of ₹268 Cr for FY 2025, down 56% year on year.
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.
Sonata Finance's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and Utkarsh Bank.
Sonata Finance offers Income Generating Loans, Utility Loans, Individual Lending, and Group Lending.
Sonata Finance has 18 investors. Key investors include Kotak Mahindra Bank, SIDBI, Triodos Bank, Proparco, and Michael & Susan Dell Foundation.
The valuation of Sonata Finance is $59.09M as of May 2018.
Sonata Finance operates through Sonata Finance Private Limited.