Source: The Hindu business line
On April 28, 2025, the shares of Sonata Software surged sharply, as the stock price rose by 5.85% to reach ₹357.70 during intra-day trading. By around 12:17 PM, the shares were quoting ₹355.25, up 5.13% from the previous close of ₹337.90 per share on the NSE. Almost 5.5 million equity shares of Sonata Software worth ₹190.79 crores were traded on the NSE and BSE.
Following the official announcement of a transformational engagement value of $73 million over five years with a leading U.S.-based Technology, Media, and Telecom (TMT) sector client, Sonata Software saw its shares gain even further. This engagement is considered to be really pivotal to that client’s digital transformation strategy, which is really aimed at enhancing global scalability, accelerating its innovation, and optimizing IT operations using an AI-first outsourcing model.
“This multi-year partnership marks a pivotal step in the client’s digital strategy to enhance global scalability, accelerate innovation, and optimize IT operations through a strategic, AI-first outsourcing model. Sonata was chosen as the partner because of its deep engineering expertise, nimble delivery model, and proven track record in driving AI-powered business transformation,” Sonata Software said in the release.
Under this engagement contract, Sonata would set up a dedicated AI-enabled Modernization Engineering Center in India for platform engineering, cloud transformation (Amazon Cloud), enterprise systems (Salesforce, Workday), cybersecurity, data services, and modern application development – all built on the core of automation and scalable engineering practices.
“This is the second-largest deal in Sonata’s history—and a proud milestone for Team Sonata,” said Samir Dhir, Managing Director and CEO of Sonata Software. “It reflects our unique positioning as a right-sized partner for enterprises seeking deep modernization capabilities and AI-first transformation. We are excited to help our client unlock new speed, agility, and digital resilience levels.’
About Sonata Software
With their headquarters in Bengaluru, Sonata Software is an IT services and solutions company that focuses on modernization engineering and digital transformation. Offering a wide range of Modernization Engineering Services-from data and cloud to Dynamics, automation, cybersecurity, and new technologies such as Generative AI, Microsoft Fabric, and other modernization platforms-the company is an organization with a strong global presence, active in key regions such as North America, the UK, Europe, APAC, and ANZ.
Sonata Software’s market capital as of April 18 on the NSE stood at ₹9,970.50 crore and is part of the Nifty 500 index. Contrarily, Sonata Software shares are down almost 49% so far in 2022, while the widely-tracked Nifty50 index has been gaining 2% during the same time. The shares of the company have a 52-week range of ₹763.70-₹286.40 on NSE.
The latest signing has given wings to Sonata Software shares, which now trade at ₹355.25 in fact on a Monday afternoon.
