Sonata
Finance
Private
Limited
Sonata Finance Private Ltd (Sonata) is a Non-Banking Finance Company (NBFC)
with its registered office at Allahabad, Uttar Pradesh. Sonata began its micro
finance operations in January 2006. In 2004, the concept of formation of
a company registered under the section 25 of the Indian Companies Act,
1956 for microfinance operations was underway. In 2005, the Board decided
to approach equity investors for leveraging out more funds to expand the
operations. In 2005 itself, discussions with Bellwether Fund brought a positive
result to Sonata with Bellwether showing its interest in capital financing of a
new NBFC. An NBFC was acquired by the promoters soon and the operations
started in January 2006. In the month of August 2007, SONATA acquired the
portfolio of Jeevika Livelihoods Support Organization based at Jabalpur in M.P.,
making its outreach to two major states in Central India.
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