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Sonata Software Ltd (SSL), initially set up in 1986 as a division of Indian Organic Chemicals Ltd (IOCL). Promoters viz. Bhupati Investments and Finance Ltd, S B Ghia, M D Dalal, Rajan Raheja & family have acquired the stake in SSL over a period of time.Sonata division of IOCL was spun off as an independent company namely, Sonata Software Ltd, in October 1994 for a consideration of Rs 8.14 crs. As a part of restructuring plan, IOCL was disposed of and sold its equity holding in SSL to the present promoters for a consideration of Rs 78 per share and Rs 87 per share based on the valuation certificate issued by IOCL�s auditors and in consultation with financial institution.
Sonata Software Ltd. (Sonata) is a premier IT consulting and software services company headquartered in Bangalore, India, and offices in US, UK, Germany and Singapore. We approach information technology as a strategic enabler of critical business processes.
We are a SEI CMM Level 5 company and our strength lies in leveraging innovation and a global onsite-offshore delivery model to provide the best return on investments for our clients. We call it the power of partnership. And our clients that include Franklin Templeton, Deutsche Bank, Provimi and Gupta Technologies will vouch for the same.
Sonata today is USD 77 million, and growing. As one of India's leading software services company, we have maintained strong fundamentals with zero-debt. Sonata's shares are publicly traded in Indian Stock Exchanges with employees holding 12% (April 2005) ownership.
Sonata Services
� Financial Services
� P and C Insurance
� Offshore development center
� Microsoft Competency center
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