Introduction
Tanla Platforms Limited was earlier known as Tanla Solutions Limited. This group started in Hyderabad as a small millennial service that was famous for its world-class messaging service. The company was started and founded in the year 2000, and it has paved its journey a long way.
As of today, they provide global communication services over the cloud. Tanla is a company that is public-limited and is often seen to be listed as one of the top companies on the Indian Stock Exchanges market.
What does Tanla do?
Tanla is often defined as a mobile networking company over the internet. Its primary aim is to bring about innovations in the world’s communication systems. They aim to do this majorly through cloud communication systems.
It enables communication through various portals like SMS, Whatsapp, and even push notifications. Some of the clientele of Tanla are Reliance, Airtel, BPL, and even Essar. Ten locations house Tanla offices, including those in Singapore, London, Colombo, Dubai, etc.
The business employs and is associated with more than 500 people and is listed on the Indian exchanges BSE and NSE. The business is India’s biggest Communications Platform as a Service (CPaaS) provider.
Acquisitions by Tanla
In June 2009, Tanla Platforms Limited purchased OpenBit Oy (now known as Tanla Oy), a mobile payments startup with headquarters in Finland. Tanla acquired 85% of the company’s shares in June 2008 and another 5% in June 2009.
On August 21, 2018, Tanla Platforms Limited and the GSO Capital Partners, a Blackstone Company, conducted meetings and reached a formal agreement under Tanla Platforms Limited. This agreement was to complete the acquisition of Karix Mobile, which was earlier known as mGage India, and its wholly-owned subsidy. Tanla Platforms Limited paid about 340 crores for this complete acquisition. The acquisition’s completion was disclosed on April 11, 2019.
Tanla Platforms, a cloud communications firm based in Hyderabad, is likely to perform better than predicted in Q2 results and has announced a proposal to repurchase shares.
The stock presently trading for less than 800 a share could increase to the 1,000 mark in the coming months.
Tanla has nearly tripled in value over the last two years, making it a multi-bagger company. Tanla Platforms is currently trading at around Rs. 788.75 per share during the muhurat trading hour on the BSE at roughly 6:27 p.m., up nearly 1%.
In intraday trading, the stock reached a high of $793.20 per share. Tanla’s share price is valued at about Rs. 10,695 crores on Dalal Street at the going rate. Tanla shares on the BSE closed at $781 on Friday of last week. On October 20, Tanla Platforms Limited disclosed its financial results for the three months or a quarter of the year, which ended September 30, 2022 (Q2FY23).
PAT for the company was 110.44 crores on a consolidated basis, and operating revenue was 851.04 crores in Q2FY23.
PAT increased sequentially but decreased year over year; nonetheless, sales improved both QoQ and YoY. As of late, the Tanla share price was reported to be 754.00 INR. This was reported on November 11, 2022, at 3:30 p.m.
Conclusion
Tanla Platforms Limited was earlier known as Tanla Solutions Limited. This group started in Hyderabad as a small millennial service that was famous for its world-class messaging service.
Tanla is a company that is public-limited and is often seen to be listed as one of the top companies on the Indian Stock Exchanges market. As of late, the Tanla share price was reported to be 754.00 INR. This was reported on November 11, 2022, at 3:30 p.m.
