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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- 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
Not available
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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.
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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Investment firm partnering with entrepreneurs in India's domestic economy.
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Locked | Locked | Locked | |
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Investment firm focusing on tech-enabled enterprises in social and environmental sectors.
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Locked | Locked | Locked | |
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Private equity firm focused on growth equities
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Locked | Locked | Locked |
Investor details for Suryoday
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Suryoday
Investment portfolio details for Suryoday
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Financial Statements - Suryoday
Detailed financials for Suryoday
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- Profit trends
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Suryoday Comparisons
Peer comparison for Suryoday
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Small finance services are extended to underserved segments in India.
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Microfinance bank
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Collateralised loans for commercial vehicles are extended to rural entrepreneurs.
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Micro-finance bank
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| Locked | Locked | Locked |
Small finance bank
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Detailed competitors of Suryoday
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Latest news on Suryoday
Complete news archive for Suryoday
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Frequently Asked Questions about Suryoday
Suryoday was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Suryoday is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Suryoday is a funded company, having raised a total of $110.94M across 22 funding rounds to date.
As of Mar 31, 2024, the latest employee count at Suryoday is 8,650.
Annual revenue of Suryoday is $254.12M as on Mar 31, 2025.
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.
Suryoday's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and ESAF.
Suryoday offers Savings Account, Fixed Deposit, Home Loan, Two-Wheeler Loan, and Mobile Banking App.
Yes, Suryoday is publicly traded on NSE under the ticker symbol SURYODAY.
Suryoday has 43 investors. Key investors include HDFC Bank, Hinduja Leyland Finance, HDFC, Kotak Mahindra Bank, and IDFC First Bank.
The ticker symbol of Suryoday is SURYODAY on NSE.
The valuation of Suryoday is $310.45M as of May 2020.