Route Mobile

Last updated

Route Mobile Ltd
FormerlyRoute SMS
Company type Public
ISIN INE450U01017
Industry Telecommunication
Founded2004;20 years ago (2004)
FounderRajdip Gupta
Headquarters,
India
Area served
India
Key people
ProductsMessaging Solutions, Voice, Chatbot, Identity Solutions, Emailer
RevenueIncrease2.svg4,023 crore (US$500 million) (FY24) [1]
Increase2.svg388 crore (US$49 million) (FY24) [1]
Owner
  • Proximus Opal (2024–present)
Number of employees
700+ (2022)
Parent
Website www.routemobile.com

Route Mobile (formerly Routesms Solutions Ltd) is an Indian cloud communications platform as a service (CPaaS) company. Started in 2004 and headquartered in Mumbai, the company has presence in more than 15 locations across Asia-Pacific, Middle East, Africa, Europe and North America. [2]

Contents

History

Route Mobile was started in Mumbai in May 2004 as a cloud communications platform provider for over the top (OTT) and mobile network operators (MNO). [3] [4] [5] It partnered with companies including Idea Cellular, [6] Lanka Bell, and Arab Financials Services for providing messaging services in India, Sri Lanka, Middle-East and North Africa region. [7]

In May 2017, Route Mobile acquired Call 2 Connect, an ITES provider based out of India. [8] In the same year, Route Mobile acquired 365squared, a SMS firewall company based out of Malta. [9] [10]

In July 2023, it was announced that Belgian telecommunications company Proximus Group would be taking a majority stake in Route Mobile through its daughter holding Opal. [11] On May 8, 2024, it was announced that this transaction had been completed. [12]

Honours and awards

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References

  1. 1 2 "Route Mobile Q4 results: Profit falls 9% to Rs 95 cr, revenue remains flat". Business Standard. 6 May 2024. Retrieved 8 May 2024.
  2. "Route Mobile files IPO papers with SEBI, to raise around Rs 600 cr". Moneycontrol.com . 22 January 2018.
  3. Banerjee, Prasid (6 November 2019). "WhatsApp snooping: Is RCS answer to government's localisation problems?". Mint .
  4. "Multiple numbers on a single SIM? Yes, it's possible!". Deccan Chronicle . 28 July 2019.
  5. "Temporary virtual numbers may increase safety of users". Times Now . 28 July 2019.
  6. Gupta, Deepali. "Idea Cellular looks to plug revenue leakage". The Economic Times .
  7. "Route Mobile partners with Lanka Bell". Business Line . 11 March 2020.
  8. Gupta, Deepali (9 May 2017). "Route Mobile acquires BPO Call2Connect". The Economic Times . Retrieved 29 July 2020.
  9. Gupta, Deepali (20 September 2017). "Route Mobile to buy Malta-based 365squared". The Economic Times .
  10. "Route Mobile to grow through strategic acquisitions – Times of India". The Times of India .
  11. "Proximus legt 643 miljoen euro op tafel voor meerderheidsbelang in Indiaas techbedrijf". VRT NWS (in Dutch). 17 July 2023.
  12. "Proximus Group completes the acquisition of a majority stake in Route Mobile". Proximus Group. 8 May 2024. Retrieved 29 May 2024.
  13. "Winners of the 2019 Messaging and SMS Global Awards named". www.capacitymedia.com. Retrieved 28 July 2020.
  14. "Indian investment in UK on rise despite Brexit: Report". The Economic Times .
  15. "Route Mobile [UK] Limited Stands Overall 2nd In UK's Top Fastest-Growing Indian Companies List". Businessworld .
  16. "ICSI National Awards For Excellence In Corporate Governance Held In New Delhi". Businessworld . Retrieved 28 July 2020.