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Sonata Software incorporates wholly owned subsidiary

29 Feb 2020 Evaluate

Sonata Software has incorporated a wholly owned subsidiary namely ‘Sonata Software Solutions’ (SSSL) with effect from February 24, 2020 to provide end?to?end solutions to Information Technology Services.

The authorized share capital of SSSL is Rs 15 lakh and the company on February 26, 2020 has subscribed to 10,000 equity shares of Rs 10 each aggregating to Rs 1 lakh in cash, for which no government/ regulatory approval was required. The company holds 100% shareholding of SSSL. The newly incorporated entity is yet to commence its operations, hence the turnover is NIL and the necessary statutory submissions for commencement of operations have been made as on February 27, 2020.

Sonata Software is a global IT services firm focused on catalysing transformational IT Initiatives of its clients through deep domain knowledge, technology expertise and customer commitment.

Peers
Company Name CMP
TCS 2480.50
Infosys 1143.45
HCL Technologies 1411.50
Wipro 190.05
Tech Mahindra 1770.50
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