About Suryoday
Suryoday is a company based in Mumbai (India) founded in 2008 by Ganesh Rao and Vadakancherry Lakshminarayanan Ramakrishnan.. Suryoday has raised $110.94 million across 22 funding rounds from investors including HDFC Bank, Hinduja Leyland Finance and HDFC. The company has 8,650 employees as of March 31, 2024. Suryoday offers products and services including Savings Account, Fixed Deposit, Home Loan, Two-Wheeler Loan, and Mobile Banking App. Suryoday operates in a competitive market with competitors including Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Fincare Small Finance Bank and Equitas Small Finance Bank, among others.
- Headquarter Mumbai, India
- Employees 8650 as on 31 Mar, 2024
- Founders Ganesh Rao, Vadakancherry Lakshminarayanan Ramakrishnan
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Suryoday Small Finance Bank Limited
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Annual Revenue
$254.12 M (USD)0as on Mar 31, 2025
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Net Profit
$13.46 M (USD)0as on Mar 31, 2025
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EBITDA
$0 (USD)0as on Mar 31, 2023
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Total Equity Funding
$110.94 M (USD)
in 22 rounds
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Latest Funding Round
$136.24 K (USD), Debt – Conventional
Sep 08, 2020
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Investors
HDFC Bank
& 42 more
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Employee Count
8650
as on Mar 31, 2024
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IPO & Listings of Suryoday
Suryoday is a publicly listed company on the NSE with ticker symbol SURYODAY in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Suryoday
Suryoday offers a comprehensive portfolio of products and services, including Savings Account, Fixed Deposit, Home Loan, Two-Wheeler Loan, and Mobile Banking App. 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.
Account for depositing and earning interest with easy access.
Secure investment option with higher interest rates and fixed tenure.
Financing for purchasing or renovating homes with competitive rates.
Loan for buying two-wheelers with minimal documentation and quick approval.
App for transactions, statements, and account management on mobile.
Funding Insights of Suryoday
Suryoday has successfully raised a total of $110.94M across 22 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $136.24 thousand completed in September 2020. 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 22
- Last Round Debt – Conventional — $136,244
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First Round
First Round
(29 Sep 2009)
- Investors Count 43
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Debt – Conventional - Suryoday | Valuation |
investors |
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| May, 2020 | Amount | Series B - Suryoday | Valuation | Gaja Capital | |
| Mar, 2019 | Amount | Series B - Suryoday | Valuation | DEG |
| 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 Suryoday
Suryoday has secured backing from 43 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include HDFC Bank, Hinduja Leyland Finance and HDFC. 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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Investment firm partnering with entrepreneurs in India's domestic economy.
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Founded Year | Domain | Location | |
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Investment firm focusing on tech-enabled enterprises in social and environmental sectors.
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Founded Year | Domain | Location | |
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Private equity firm focused on growth equities
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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 Suryoday
| 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 |
Financial Statements - Suryoday
| 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 |
Suryoday Comparisons
Competitors of Suryoday
Suryoday 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 Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Fincare Small Finance Bank and Equitas Small Finance Bank, 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 |
Small finance services are extended to underserved segments in India.
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| domain | founded_year | HQ Location |
Microfinance bank
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| domain | founded_year | HQ Location |
Collateralised loans for commercial vehicles are extended to rural entrepreneurs.
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| domain | founded_year | HQ Location |
Micro-finance bank
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| domain | founded_year | HQ Location |
Small finance bank
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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 Suryoday
Frequently Asked Questions about Suryoday
When was Suryoday founded?
Suryoday was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Suryoday located?
Suryoday is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Suryoday a funded company?
Suryoday is a funded company, having raised a total of $110.94M across 22 funding rounds to date. The company's 1st funding round was a Series B of $35.88M, raised on Sep 29, 2009.
How many employees does Suryoday have?
As of Mar 31, 2024, the latest employee count at Suryoday is 8,650.
What is the annual revenue of Suryoday?
Annual revenue of Suryoday is $254.12M as on Mar 31, 2025.
What does Suryoday do?
Suryoday was established in 2008 in Mumbai, India, as a small finance bank. Services encompassing savings and current accounts, term and recurring deposits, and loans such as home, vehicle, and microfinance products are provided. Banking access is enabled via mobile and internet platforms, UPI, business correspondents, and physical branches across the region.
Who are the top competitors of Suryoday?
Suryoday's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and ESAF.
What products or services does Suryoday offer?
Suryoday offers Savings Account, Fixed Deposit, Home Loan, Two-Wheeler Loan, and Mobile Banking App.
Is Suryoday publicly traded?
Yes, Suryoday is publicly traded on NSE under the ticker symbol SURYODAY.
Who are Suryoday's investors?
Suryoday has 43 investors. Key investors include HDFC Bank, Hinduja Leyland Finance, HDFC, Kotak Mahindra Bank, and IDFC First Bank.
What is Suryoday's ticker symbol?
The ticker symbol of Suryoday is SURYODAY on NSE.
What is Suryoday's valuation?
The valuation of Suryoday is $310.45M as of May 2020.