Route Mobile

Last updated

Route Mobile Ltd
FormerlyRoute SMS
Company type Public
ISIN INE450U01017
Industry Telecommunication
Founded2004;21 years ago (2004)
FounderRajdip Gupta
Headquarters
Mumbai, Maharashtra
,
India
Area served
India
Key people
ProductsMessaging Solutions, Voice, Chatbot, Identity Solutions, Emailer
RevenueIncrease2.svg₹4,023 crore (US$480 million) (FY24) [1]
Increase2.svg₹388 crore (US$46 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]

Recognition

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. 3 December 2019. 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.
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