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]
 | |
| Formerly | Route SMS |
|---|---|
| Company type | Public |
| ISIN | INE450U01017 |
| Industry | Telecommunication |
| Founded | 2004 |
| Founder | Rajdip Gupta |
| Headquarters | , India |
Area served | India |
Key people | |
| Products | Messaging Solutions, Voice, Chatbot, Identity Solutions, Emailer |
| Revenue |  ₹4,023 crore (US$480 million) (FY24)[1] |
| ₹388 crore (US$46 million) (FY24)[1] | |
| Owner |
|
Number of employees | 700+ (2022) |
| Parent |
|
| Website | www |
History
editRoute 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
edit- 2019: The Best Messaging Innovation – Consumer Solution Award at Messaging and SMS Global Awards, London.[13]
- 2019: The Fastest Growing Indian Technology and Telecom Company Award in UK at India Meets Britain Tracker 2019.[14]
- 2020: Among the most fastest growing companies in Technology & Telecom sector and overall 2nd in the UK's top fastest growing Indian companies in the United Kingdom 2020.[15]
- 2019: The Best Governed Company in the unlisted segment (Emerging Category) award at the 19th ICSI National Award for Corporate governance.[16]
References
edit- ^ a b "Route Mobile Q4 results: Profit falls 9% to Rs 95 cr, revenue remains flat". Business Standard. 6 May 2024. Retrieved 8 May 2024.
- ^ "Route Mobile files IPO papers with SEBI, to raise around Rs 600 cr". Moneycontrol.com. 22 January 2018.
- ^ Banerjee, Prasid (6 November 2019). "WhatsApp snooping: Is RCS answer to government's localisation problems?". Mint.
- ^ "Multiple numbers on a single SIM? Yes, it's possible!". Deccan Chronicle. 28 July 2019.
- ^ "Temporary virtual numbers may increase safety of users". Times Now. 28 July 2019.
- ^ Gupta, Deepali. "Idea Cellular looks to plug revenue leakage". The Economic Times.
- ^ "Route Mobile partners with Lanka Bell". Business Line. 11 March 2020.
- ^ Gupta, Deepali (9 May 2017). "Route Mobile acquires BPO Call2Connect". The Economic Times. Retrieved 29 July 2020.
- ^ Gupta, Deepali (20 September 2017). "Route Mobile to buy Malta-based 365squared". The Economic Times.
- ^ "Route Mobile to grow through strategic acquisitions – Times of India". The Times of India.
- ^ "Proximus legt 643 miljoen euro op tafel voor meerderheidsbelang in Indiaas techbedrijf". VRT NWS (in Dutch). 17 July 2023.
- ^ "Proximus Group completes the acquisition of a majority stake in Route Mobile". Proximus Group. 8 May 2024. Retrieved 29 May 2024.
- ^ "Winners of the 2019 Messaging and SMS Global Awards named". www.capacitymedia.com. 3 December 2019. Retrieved 28 July 2020.
- ^ "Indian investment in UK on rise despite Brexit: Report". The Economic Times.
- ^ "Route Mobile [UK] Limited Stands Overall 2nd In UK's Top Fastest-Growing Indian Companies List". Businessworld.
- ^ "ICSI National Awards For Excellence In Corporate Governance Held In New Delhi". Businessworld. Retrieved 28 July 2020.