Route Mobile

Route Mobile Ltd
Formerly	Route SMS
Company type	Public
Traded as	NSE: ROUTE; BSE: 543228;
ISIN	INE450U01017
Industry	Telecommunication
Founded	2004; 20 years ago
Founder	Rajdip Gupta
Headquarters	Mumbai, Maharashtra, India
Area served	India
Key people	Rajdip Gupta; (MD, Group CEO); Sandip Gupta; (Chairman – Non-executive);
Products	Messaging Solutions, Voice, Chatbot, Identity Solutions, Emailer
Revenue	₹4,023 crore (US$480 million) (FY24)
Net income	₹388 crore (US$46 million) (FY24)
Owner	Proximus Opal (2024–present);
Number of employees	700+ (2022)
Parent	Proximus Group; (2024–present);
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]

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

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

^ ^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.

External links

[fy24-1] "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.

[economictimes-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.

[economictimes1-10] "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.

[indiatimes-14] "Indian investment in UK on rise despite Brexit: Report". The Economic Times.

[businessworld-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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