About BSS Sonata Microcredit Limited
Data last updated:
BSS Sonata Microcredit Limited is a public limited company based in Bangalore, Karnataka, India, a subsidiary of Kotak Mahindra Bank Limited. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 05 April 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U66190KA1994PLC049746. Its GSTIN is 29AAACO1061G1ZP (Karnataka). The company holds 13 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹31.84 Cr. It was formerly known as Oyster Capitals Pvt Ltd and Bss Microfinance Private Limited. It is led by directors including Shwetha Kalappa and Manish Kothari.
Its last annual general meeting (AGM) was held on 20 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.11 2nd Block 2nd Stage Outer Ring Road Near Bda Complex Nagarabhavi Layout, Bangalore, Karnataka, India – 560072.
As per the financials filed for FY 2025, the company reported a revenue of ₹847.03 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹78.7 Cr (net margin -9.3%) and EBITDA of -₹92.28 Cr (EBITDA margin -10.9%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years and 34% over five years.
The company has about 7,267 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: BSS Microfinance. As per MCA filings, the company has open charges of ₹118 Cr and satisfied charges of ₹1,489.58 Cr on record. Court records list 81 cases involving the company, including 64 filed by the company and 17 filed against it; 3 cases are pending. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹9.5 Cr; the latest was in March 2018. Its 9 peer companies in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 5 smaller; the largest is Asirvad Micro Finance Limited with revenue of ₹2,734.39 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bssmfi.com.
Company details
Name history
BSS Sonata Microcredit has undergone 3 name changes throughout its history. The company was previously known as Oyster Capitals Pvt Ltd, Bss Microfinance Private Limited, and Bss Sonata Microcredit Limited. The current legal name is Bss Sonata Microcredit Limited.
| Company Name | Status |
|---|---|
| BSS Sonata Microcredit Limited | Current |
| Oyster Capitals Pvt Ltd | Previous |
| Bss Microfinance Private Limited | Previous |
CIN history
BSS Sonata Microcredit has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U66190KA1994PLC049746, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66190KA1994PLC049746 | Current |
| U74899KA1994PTC049746 | Previous |
| U74899KA1994PLC049746 | Previous |
Contact details
BSS Sonata Microcredit Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Registered AddressNo.11 2nd Block 2nd Stage Outer Ring Road Near Bda Complex Nagarabhavi Layout, Bangalore, Karnataka, India – 560072
- IndustryFinancial Services, Microfinance Institutions
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
BSS Sonata Microcredit operates one associated brand: BSS Microfinance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Microcredit is extended to low-income individuals and businesses. | bssmfi.com |
Business activity
The main business activity of BSS Sonata Microcredit is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of BSS Sonata Microcredit Limited, buy the company report.
Financials of BSS Sonata Microcredit Limited
FY 2025 filings availableBSS Sonata Microcredit Limited reported revenue of ₹847.03 Cr (down 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 34%. EBITDA fell 117% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹92.28 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹78.7 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.9% | ||||
| Net Profit Margin | -9.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of BSS Sonata Microcredit Limited, buy the company report.
Board of directors and KMP of BSS Sonata Microcredit Limited
BSS Sonata Microcredit Limited currently reports 3 directors and 1 key managerial person. 23 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shwetha Kalappa | Director | 28 Jun 2023 | 3 Years 4 Months | Current |
| Manish Kothari | Director | 23 Apr 2024 | 2 Years 6 Months | Current |
| Anup Kumar Singh Also directs: Zayaka Proventures LLP | Ceo | 18 Oct 2025 | 1 Years 0 Months | Current |
| Devarajan Kannan | Director | 27 Sep 2017 | 9 Years 1 Months | Current |
Peer comparison
BSS Sonata Microcredit Limited is compared with the 9 companies closest to it by revenue in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Asirvad Micro Finance Limited | ₹2,734.39 Cr (FY 2025) | 0.0% | Chennai, Tamil Nadu, India | |||
| Fusion Finance Limited | ₹2,412.42 Cr (FY 2024) | 34.0% | New Delhi, Delhi, India | |||
| Muthoot Microfin Limited | ₹2,285.49 Cr (FY 2024) | 58.0% | Mumbai, Maharashtra, India | |||
| Kerala State Financial Enterprises Ltd | ₹2,162.26 Cr (FY 2018) | 10.0% | Thrissur, Kerala, India | |||
| BSS Sonata Microcredit Limitedthis company | ₹847.03 Cr (FY 2025) | -₹78.7 Cr | -9.3% | -14.0% | Bangalore, Karnataka, India | |
| Margadarsi Chit Fund Private Limited | ₹816.05 Cr (FY 2024) | 3.0% | Hyderabad, Telangana, India | |||
| Sree Gokulam Chit & Finance Co Private Limited | ₹646.35 Cr (FY 2022) | 2.0% | Chennai, Tamil Nadu, India | |||
| Equitas Micro Finance Limited | ₹606.43 Cr (FY 2016) | 38.0% | Chennai, Tamil Nadu, India | |||
| Cashpor Micro Credit | ₹546.96 Cr (FY 2022) | 28.0% | Varanasi, Uttar Pradesh, India | |||
| Shriram Chits (India) Private Limited | ₹455.5 Cr (FY 2025) | -2.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of BSS Sonata Microcredit Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Nov 2016 | 100067314 | Others | ₹25 Cr | Open | |
| 27 Oct 2016 | 100059157 | Others | ₹25 Cr | Open | |
| 22 Jul 2016 | 100041841 | Others | ₹10 Cr | Open | |
| 07 Jun 2016 | 100035181 | Others | ₹16 Cr | Open | |
| 15 Feb 2016 | 10623728 | Mas Financial Services Limited | ₹10 Cr | Open |
To see the full charge records of BSS Sonata Microcredit Limited, buy the company report.
Total charge records: 114 View all charges
Deals & funding
BSS Sonata Microcredit Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹9.5 Cr; the latest was in March 2018.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Kotak Mahindra Bank Limited Seller: an individual |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Kotak Mahindra Bank Limited & Shanmukha R Batche, Kotak Mahindra Bank Limited & Ashly Dsouza, Kotak Mahindra Bank Limited & Narayan S A Seller: Kotak Mahindra Bank Limited |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Kotak Mahindra Bank Limited Seller: Bharatha Nammade Samshe Trust, BSS Mutual Benefits Trust, an individual |
| May 2014 | Funding round | ₹3 Cr | Investors: BSS Mutual Benefits Trust |
| Jan 2013 | Funding round | ₹5 Cr | Investors: BSS Mutual Benefits Trust |
To see the full deal history of BSS Sonata Microcredit Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
BSS Sonata Microcredit Limited has 81 court cases on record: 64 filed by BSS Sonata Microcredit, 17 filed against it. 3 cases are pending and 78 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 79 | 17 | 3 |
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 81)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, MYSURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, Tiruchirappalli, Tamil Nadu | Court case (IP) | Filed against the company | Pending |
| District court, Tenkasi, Tamil Nadu | Court case (IP) | Filed against the company | Pending |
| District court, Coimbatore, Tamil Nadu | Court case (IP) | Filed against the company | Disposed |
| District court, RAMANAGARA, Karnataka | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of BSS Sonata Microcredit Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for BSS Sonata Microcredit Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
BSS Sonata Microcredit has 13 GST registrations: 11 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACO1061G1ZP | Karnataka | Active | 01 Jul 2017 |
| 27AAACO1061G1ZT | Maharashtra | Active | 01 Jul 2017 |
| 23AAACO1061G1Z1 | Madhya Pradesh | Active | 04 Jul 2017 |
| 33AAACO1061G1Z0 | Tamil Nadu | Active | 04 Jul 2018 |
To see the full GST registrations and return filing status of BSS Sonata Microcredit Limited, buy the company report.
Recent activity
BSS Sonata Microcredit Limited has 27 board changes on record since 2007: 4 appointments and 23 cessations. The latest: Tapobrat Chaudhuri ceased to be Director on 24 Nov 2025.
252 earlier events are in the company report.
Frequently asked questions
BSS Sonata Microcredit is an active public limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 05 April 1994 (32+ years old) and is registered under CIN U66190KA1994PLC049746.
BSS Sonata Microcredit has 4 current directors and KMP:
- Shwetha Kalappa - Director
- Manish Kothari - Director
- Devarajan Kannan - Director
- Anup Kumar Singh - Ceo
The latest financial statements of BSS Sonata Microcredit on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of BSS Sonata Microcredit is 29AAACO1061G1ZP, registered in Karnataka. The company has 13 GST registrations in all, of which 11 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACO1061G1ZT (Maharashtra), 23AAACO1061G1Z1 (Madhya Pradesh), 33AAACO1061G1Z0 (Tamil Nadu).
The CIN (Corporate Identification Number) of BSS Sonata Microcredit is U66190KA1994PLC049746. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
BSS Sonata Microcredit has 81 court cases on record: 64 filed by the company and 17 filed against it. 3 are pending. Most are in the district courts.
BSS Sonata Microcredit was incorporated on 05 April 1994, making it 32+ years old. It is registered with the Registrar of Companies, Bangalore.
BSS Sonata Microcredit has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹9.5 Cr; the latest was in March 2018.
The peers of BSS Sonata Microcredit by revenue are Asirvad Micro Finance Limited, Fusion Finance Limited, Muthoot Microfin Limited, Kerala State Financial Enterprises Ltd, Margadarsi Chit Fund Private Limited and 4 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Tapobrat Chaudhuri ceased to be Director on 24 Nov 2025. Anup Kumar Singh was appointed as CEO on 18 Oct 2025. Manish Kothari ceased to be Additional Director on 20 Jun 2024. BSS Sonata Microcredit has 27 board changes on record in total.
BSS Sonata Microcredit can be reached through the website bssmfi.com. Its registered office is in Bangalore, Karnataka, India.