Tanla Platforms Limited
FormerlyTanla Solutions Limited
TypePublic
ISININE483C01032
IndustryTelecommunications
Founded1999 (1999)
FounderD. Uday Kumar Reddy
Headquarters
Hyderabad, India
Area served
Worldwide
RevenueIncrease ₹3,354 crore (US$420 million) (FY23)[1]
Decrease ₹447 crore (US$56 million) (FY23)[1]
Number of employees
638 (2022)[2]
Websitehttps://tanla.com/

Tanla Platforms Limited, previously known as Tanla Solutions Ltd, is an Indian multinational cloud communications 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. The company is India's largest Communications Platform as a Service (CPaaS) company.[3]

History

Tanla started as a small group of mobile messaging experts, with base in Hyderabad.[4] Dasari Uday Kumar Reddy is the Founder of Tanla Platforms Limited. He is the Chairman and CEO of the Company.[5]

Tanla is a public limited company listed on leading Indian stock exchanges.

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.

Acquisitions

Tanla Platforms Limited acquired Finland based mobile payments company OpenBit Oy (now called Tanla Oy) in June 2009. In June 2008, Tanla picked up 85 percent in the company, followed by an acquisition of 5 percent in June 2009.

Tanla Platforms Limited signed a definitive share purchase agreement on August 21, 2018, to acquire 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. The closure of this acquisition was announced on April 11, 2019.[6]

Tanla will acquire 100 per cent stake in ValueFirst Digital Media Private Limited from US-headquartered Twilio for an all-cash consideration of USD 42 million (Rs 346 crore), subject to upward closing adjustments in the range of USD 2.5-3.5 million (Rs 20-29 crore). The acquisition is expected to close in July 2023.[7]

References

  1. 1 2 "Tanla Platforms' Q4 net profit down by 14.4%". The Hindu Businessline. 26 April 2023. 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. ↑ About Tanla
  5. ↑ Tanla team
  6. ↑ Karix announcement
  7. ↑ https://www.business-standard.com/companies/news/tanla-to-acquire-valuefirst-group-in-all-cash-deal-of-up-to-rs-395-crore-123060900291_1.html


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