logo
Sonata Software Unveils New State-of-the-Art Facility in Hyderabad; Aims to Create 5,000 Jobs

Sonata Software Unveils New State-of-the-Art Facility in Hyderabad; Aims to Create 5,000 Jobs

The Wire13-05-2025
HYDERABAD, India, May 12, 2025 /PRNewswire/ — Sonata Software (NSE: SONATSOFTW) (BSE: 532221), a leader in Modernization Engineering, today announced the opening of its new facility in Hyderabad. The facility was formally opened by the Honorable Chief Minister of Telangana, Shri Anumula Revanth Reddy.
Spread across 200,000 square feet in the Vamsiram Suvarna Durga Tech Park in Hyderabad's Financial District, the new center is designed to fuel innovation, scale global delivery, and nurture next-generation digital talent.
This strategic expansion reinforces Sonata Software's deep commitment to delivering future-ready technology solutions and strengthening its global delivery footprint. Over the next three to five years, the facility is expected to generate more than 5,000 high-value technology jobs and serve as a key hub for digital engineering, co-innovation, and advanced technology development.
Speaking at the event, Honorable Chief Minister, Shri Anumula Revanth Reddy,said, 'Sonata Software's new Hyderabad facility is a testament to the partnership between visionary enterprises and progressive governance. Telangana remains steadfast in fostering a business-friendly ecosystem for technology companies. We are proud to see global firms like Sonata expanding from here and contributing to Hyderabad's position as a premier global tech hub.' Samir Dhir, Managing Director and CEO of Sonata Software, noted, 'This new center marks a major step forward in our growth journey. Hyderabad's strong ecosystem and global reputation for innovation make it the perfect location for building AI-led digital solutions at scale. The facility will enable us to attract top-tier talent, drive deeper client collaboration, and accelerate delivery of value-driven outcomes for our clients.' Equipped with modern collaboration zones, innovation labs, and green infrastructure, the facility reflects Sonata's commitment to responsible growth, sustainability, and engineering excellence. Its flexible design supports agile operations, secure service delivery, and rapid scaling of digital capabilities.
Srini Veeravelli, CEO of Quant Systems Inc, a Sonata Software company, added, 'This facility will be instrumental in delivering AI, machine learning, and cloud modernization solutions to global clients. It not only enhances our delivery capabilities but also enables scalable GCC models and fosters a culture of continuous innovation across the enterprise.' With a strong global presence—including key regions in North America, the UK, Europe, APAC, and ANZ—and a robust partner ecosystem, Sonata Software continues to be a trusted transformation partner for global enterprises. The Hyderabad facility marks a new chapter in Sonata's mission to engineer purposeful digital excellence at scale.
About Sonata Software In today's market, there is a unique duality in technology adoption. On one side, extreme focus on cost containment by clients, and on the other, deep motivation to modernize their Digital storefronts to attract more consumers and B2B customers.
Sonata Software, with $1 Billion Revenue, is the leading Modernization company. Our unique Modernization approach through Platformation.AI helps create Efficient and Agile digital businesses to drive intelligent ecosystems of the future. Our bouquet of Modernization Engineering Services cuts across Data, Cloud, Dynamics, Automation, Cyber Security, and around newer technologies like Generative AI, Microsoft Fabric, and other modernization platforms.
Our unique and innovative Responsible-first AI offering Sonata Harmoni.AI is a comprehensive platform powered by GenAI and encompasses a variety of industry solutions, service delivery platforms, and accelerators. It is distinguished by its embedded ethics, privacy, security, and compliance. We enable our clients to leverage AI in three different ways: i) driving efficiencies, ii) driving higher consumer experience/modern sales, and iii) driving innovative business models.
Headquartered in Bengaluru, India, Sonata Software has a strong global presence, including key regions North America, UK, Europe, APAC, and ANZ. We are one of the fastest growing IT Services companies and a trusted partner of Fortune 500 companies in Banking, Financial Services and Insurance (BFSI); Healthcare and Lifesciences (HLS); Telecom, Media, and Technology (TMT); and Retail, Manufacturing and Distribution (RMD) space.
Sonata Software boasts of a very strong partnership with Microsoft, AWS and many others. We are proud member of Microsoft AI Partner Council and have also achieved AWS Generative AI Competency. Also, we are member of the prestigious Inner Circle for Microsoft Business Applications and Featured and Launch Partner for Microsoft Fabric.
For more information, please visit https://www.sonata-software.com/ Photo: https://mma.prnewswire.com/media/2684910/Sonata_Software_Hyderabad.jpg (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.).
This is an auto-published feed from PTI with no editorial input from The Wire.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

HCLTech CEO C Vijayakumar earns $10.85 mn in FY25; more than TCS, Infosys heads
HCLTech CEO C Vijayakumar earns $10.85 mn in FY25; more than TCS, Infosys heads

Mint

time3 hours ago

  • Mint

HCLTech CEO C Vijayakumar earns $10.85 mn in FY25; more than TCS, Infosys heads

New Delhi, Aug 2 (PTI) HCLTech CEO C Vijayakumar earned USD 10.85 million (about ₹ 94.6 crore) in the financial year 2024-25, making him one of the highest-paid executives in the Indian IT sector and surpassing the earnings of chiefs at larger rivals TCS and Infosys. The company's board has also approved an over 71 per cent increase in his current remuneration to USD 18.6 million (about ₹ 154 crore) for the next financial year, according to the company's annual report. Vijayakumar's FY25 compensation places him ahead of his peers at India's top two IT firms. For the same period, TCS CEO K Krithivasan's remuneration was ₹ 26.52 crore, while Infosys CEO Salil Parekh earned ₹ 80.62 crore. Vijayakumar's earnings also topped those of Wipro CEO Srinivas Pallia (USD 6.2 million or about ₹ 53.64 crore) and Tech Mahindra CEO Mohit Joshi ( ₹ 53.9 crore). According to HCLTech's annual report, Vijayakumar's total remuneration in the fiscal year ended March 31, 2025, comprised a base salary of USD 1.96 million and a performance-linked bonus of USD 1.73 million. The largest portion of his earnings came from long-term incentives, with exercised Restricted Stock Units (RSUs) valued at USD 6.96 million. An additional USD 0.20 million was provided in benefits and perquisites. Vijayakumar, who took over as the CEO in 2016, is based in the US and draws his remuneration from HCL America Inc., the firm's wholly-owned US subsidiary. "Under C. Vijayakumar's leadership, HCLTech's market capitalisation has increased from ₹ 1,15,000 crore on March 31, 2016, to ₹ 4,32,000 crore on March 31, 2025, reflecting a growth of 3.8 times since FY16. Over the same period, the market capitalisation of the other four leading Indian listed IT services firms among the top five has grown by approximately 2.5 times," the company said. The company's board has approved a revised remuneration package for Vijayakumar, effective April 1, 2025. The proposed annual salary is set at USD 18.6 million, marking a 71 per cent increase from his FY25 earnings. The proposed structure significantly increases both fixed and performance-linked components. "The revised compensation acknowledges C Vijayakumar's successful and long-tenured leadership as CEO, recognising his significant contributions to the company's growth and sustained performance over the years," the report said. HCL Technologies posted a 9.7 per cent drop to ₹ 3,843 crore in consolidated net profit for the June quarter, hurt by higher expenses and one-time impact of a client bankruptcy, but raised the lower end of revenue growth outlook for the full fiscal to 3-5 per cent (from 2-5 per cent earlier) on booking expectations in coming quarters. Shares of HCLTech settled 0.98 per cent lower at ₹ 1,452.95 apiece on the BSE on Friday.

ICL Fincorp's new NCD issue opens on July 31, 2025, offering effective yield up to 12.62%
ICL Fincorp's new NCD issue opens on July 31, 2025, offering effective yield up to 12.62%

New Indian Express

time7 hours ago

  • New Indian Express

ICL Fincorp's new NCD issue opens on July 31, 2025, offering effective yield up to 12.62%

ICL Fincorp is proud to announce the launch of its latest public issue of Secured Redeemable Non-Convertible Debentures (NCDs), opening on 31st July 2025. With an effective yield of up to 12.62%, this offering presents an attractive and secure investment opportunity for those seeking flexible tenures. Following the remarkable response to our previous NCD issues, which were oversubscribed, we are truly honoured by the trust and confidence placed in us by our valued investors. This continued support inspires us to deliver even more robust financial solutions tailored to the evolving needs of our customers. The NCD issue will remain open until 13th August 2025 and is rated CRISIL BBB- /STABLE. Each NCD carries a face value of ₹1,000,and the issue offers 10 schemes with ten options (10 ISINs), with interest rates ranging from10.50% to 12.00%. The minimum application amount is ₹10,000, making it accessible to a broad spectrum of investors. Proceeds from this issue will be strategically deployed to support ICL Fincorp's growth initiatives and further enhance the quality of services offered to our customers and stakeholders across India. This step reaffirms our commitment to delivering reliable, innovative and customer-centric financial solutions. With a legacy of 34 years, ICL Fincorp continues to serve as a trusted financial partner under the visionary leadership of CMD, Adv. K.G. Anilkumar. Our growing presence spans 9 states – Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Odisha, Gujarat, and West Bengal – as we move steadily towards establishing a pan-India footprint. The acquisition of Salem Erode Investments, a BSE-listed NBFC with a 93-year history in Tamil Nadu, has further reinforced our position in the financial sector. ICL Fincorp offers a comprehensive portfolio of services, including Gold Loans, Hire Purchase Loans and Business Loans. The ICL Group has also diversified into sectors such as travel, fashion, diagnostics and charitable initiatives. Under the joint leadership of CMD Adv. K.G. Anil Kumar and Mrs. Uma Anilkumar, Whole-time Director & CEO, ICL Fincorp, continues to operate in compliance with the Reserve Bank of India's standards, while earning the enduring trust of customers. As we unveil this new NCD issue, we warmly invite you to be a part of our journey towards financial growth, security and long-term value. (This is a press release and has not been vetted by our editorial team. All investments are subject to market risk. Do assess and decide.)

Kuwait introduces new e-Visa for four visa categories; no embassy visit needed
Kuwait introduces new e-Visa for four visa categories; no embassy visit needed

Time of India

time8 hours ago

  • Time of India

Kuwait introduces new e-Visa for four visa categories; no embassy visit needed

In a recent update, Kuwait has officially launched and went live with its complete online e‑Visa platform for four visa categories, including tourist, family, business, and official. This is a big leap forward in the country's digital transformation under its Vision 2035 initiative. With this new change, citizens of several Western, Asian, and GCC‑residents will be able to complete the entire visa process remotely. They won't even have to step inside an embassy for a visa. Let's have a closer look at the whole process: Fully Online visa types: Now people can apply visa under: Tourist visas : This visa remains valid up to 90 days. It is perfect for those wanting to explore Kuwait. Family visas : This will allow close relatives of Kuwaiti residents to visit for up to 30 days. Business visas : This visa is also for up to 30 days. Now this one is perfect for professionals attending meetings, trade events or negotiations. Official visas : This is perfect for diplomats and government delegations on formal missions. Eligibility Citizens from over 50 countries across Europe, North America, Australia, Japan, and numerous Asian nations are eligible. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 22 Illustrations of a Husband and Wife in Everyday Life Watch More Undo GCC resident expatriates who have held valid residency for at least six months. It includes professions such as lawyers, doctors, engineers, teachers, journalists, and business managers. GCC citizens enjoy visa‑free entry using their national ID cards. They do not require any visa. How to apply Interested people can register via the Ministry of Interior's official portal (e.g. or Kuwait Visa platform linked from government websites). They need to: Create an account Log in with government credentials Choose desired visa category Upload required documents (passport bio‑page, photo, travel itinerary, accommodation or invitation, sponsor or official letter where required) Pay the fee online (typically USD 10–30 or about 3 KWD depending on nationality and category) Submit and track the application by reference code or passport number You'll receive the approved e‑Visa via email. You can get it printed or it is usable on a mobile device upon arrival. The processing usually takes between 1 and 3 business days. Delay is possible during peak travel season. Things to Remember Valid passport Provide clear documents—especially photos meeting portal specifications. Apply at least one week before travel. For family and business visas, make sure Kuwait‑based sponsors are aware of their responsibilities. If e‑Visa is refused, you may still be eligible for visa-on-arrival depending on nationality and category. The best part of this is that people don't require embassy visits. The paperwork has also reduced and its speedy approvals. With this new introduction, Kuwait aims to boost inbound tourism, attract international business, and strengthen political relationships with other nations. Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store