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Tanla Platforms
FormerlyTanla Solutions
Company type Public
ISININE483C01032
IndustryTelecommunications
FoundedMay 1999; 24 years ago (1999-05)
FounderD. Uday Kumar Reddy
Headquarters
Hyderabad, India
Area served
Worldwide
RevenueIncrease ₹3,927 crore (US$490 million) (FY24) [1]
Increase ₹759 crore (US$95 million) (FY24) [1]
Increase ₹554 crore (US$69 million) (FY24) [1]
Number of employees
638 (2022) [2]
Website tanla.com

Tanla Platforms Ltd, previously known as Tanla Solutions Ltd, is an Indian multinational communications platform as a service (CPaaS) company based in Hyderabad. The company provides value-added services in the cloud communications space. Tanla has more than 600 employees across its offices, including two overseas locations– Singapore and Dubai. The company is listed on BSE and NSE in India. [3]

History

Tanla was founded by Dasari Uday Kumar Reddy in May 1999 during the dot-com bubble. [4]

In December 2006, Tanla was listed on BSE and NSE after its initial public offering. [5]

Tanla acquired Finland-based mobile payments company OpenBit Oy (now called Tanla Oy) in 2008. In June 2008, Tanla picked up 85% in the company, followed by an acquisition of 5% in June 2009 and the remaining 10% in April 2010. [6] [7]

Tanla Platforms, in August 2018, acquired 100% of Karix Mobile (formerly known as mGage India) and its wholly-owned subsidiary Unicel from GSO Capital Partners, a Blackstone company, at an enterprise value of ₹340 crore. [8] The closure of this acquisition was announced in April 2019. [9]

In 2023, Tanla acquired 100% stake in ValueFirst Group from Twilio for $42 million (₹346 crore). [10]

Services

Tanla Platforms Limited initially started as a Bulk SMS provider in Hyderabad catering to SME. As the team grew, the company evolved into a Cloud communication provider with services and products with aggregators and Telcos across the globe.

References

  1. ^ a b c "Tanla Announces Fourth Quarter and FY24 Results". Tanla. 25 April 2024. Retrieved 14 June 2023.
  2. ^ "Annual Report 2021-22" (PDF). Tanla. Retrieved 14 June 2023.
  3. ^ ANI PR (24 June 2021). "Tanla Platforms Limited set to go global, platform business to propel growth". ThePrint. Retrieved 2 May 2022.
  4. ^ Chakraborty, Chiranjivi (15 January 2021). "Back from near-zero, India's own internet economy stock eclipses Tesla's mind-numbing rally". The Economic Times. Archived from the original on 15 January 2021. Retrieved 27 April 2024.
  5. ^ "Cairn IPO fails to impress". The Times of India. 16 December 2006. Retrieved 27 April 2024.
  6. ^ "Tanla acquires 85 per cent stake in Openbit for $ 15.81 mn". The Economic Times. 5 June 2008. Retrieved 27 April 2024.
  7. ^ "Tanla Solutions makes Finland company wholly owned subsidiary". Business Standard. Retrieved 27 April 2024.
  8. ^ Somasekar, M. (20 August 2018). "Tanla Solutions acquires Karix Mobile for Rs 340 cr". BusinessLine. Retrieved 27 April 2024.
  9. ^ Karix announcement
  10. ^ "Tanla to acquire ValueFirst Group in all-cash deal of up to Rs 395 crore". Business Standard. Retrieved 27 April 2024.

External links


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