September 03, 2014 1:09 AM ET

Machinery

Company Overview of Sonalika Group

Company Overview

Sonalika Group develops, manufactures, and sells tractors, multi utility vehicles, and engines. Its products include farm machinery attachments, diesel gensets, auto components, threshers, and pick and carry cranes. The company also provides finance for its vehicles. The company offers its products in India and internationally. It has strategic partnership with Yanmar of Japan. The company was incorporated in 1969 and is based in Delhi, India.

Pankaj Plaza-1

Plot No2

Karkardooma

Community Centre, Commercial Complex

Delhi,  110092

India

Founded in 1969

Phone:

91 11 2237 3785

Fax:

91 11 2237 7472

Key Executives for Sonalika Group

Sonalika Group does not have any Key Executives recorded.

Sonalika Group Key Developments

ITL Plans INR 8 Billion IPO

International Tractors Limited plans to raise INR 8 billion through initial public offering. L D Mittal, Chairman of Sonalika Group, told Business Standard, "We are looking at raising INR 8 billion through the IPO in two years from now, the proceeds of which will be utilized to fuel our inorganic growth plans. We are planning some acquisitions, both in the tractors and SUV segments, in Europe. Negotiations are currently on."

Sonalika In Talks To Acquire European Businesses

Sonalika group is in advanced talks with some European tractor making companies to acquire their businesses. The acquisition is expected to complete in the next two months. The acquisition will be routed through the Sonalika's flagship company, International Tractors Limited (ITL). L D Mittal, Chairman of ITL, said, “There are several tractor-making companies that are priced attractively in Europe. A presence in Europe will provide us with a major advantage. Our negotiations are on and we hope to make an announcement before December. Many small-sized tractor companies in Europe are facing losses due to a slump in sales. We are looking at a deal size of around INR 1 billion. We are already in advanced stages of negotiations with some of them."

Sonalika Group Announces Sales Results for the First Quarter of 2013

Sonalika Group announced sales results for the first quarter of 2013. For the quarter, the company sold 14,568 units as compared to 12,122 units last year and has shown a market share growth of 1.5% also.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Sonalika Group, please visit www.sonalika.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.