Introduction
Tanla Platforms Limited was earlier known as Tanla Solutions Limited. This group started in Hyderabad as a small millennial service famous for its world-class messaging service. The company was founded in 2000, and it has paved its journey well.
As of today, they provide global communication services over the cloud. Tanla is a public-limited company often listed as one of the top companies on the Indian Stock Exchange market.
What does Tanla do?
Tanla is often defined as a mobile networking company on the Internet. Its primary aim is to innovate the world’s communication systems, particularly through cloud communication systems.
It enables communication through various portals like SMS, WhatsApp, and even push notifications. Tanla’s clientele includes 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 company 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 headquartered 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, which currently trades 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 trading 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. At the going rate, Tanla’s share price is about Rs. 10,695 crores on Dalal Street. Tanla shares on the BSE closed at $781 on Friday last week. On October 20, Tanla Platforms Limited disclosed its financial results for the three months or quarters of the year that ended September 30, 2022 (Q2FY23).
The company’s consolidated PAT was 110.44 crores, and operating revenue was 851.04 crores in Q2FY23.
PAT increased sequentially but decreased year over year; nonetheless, sales improved both QoQ and YoY. Lately, the Tanla share price has been 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 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. Lately, the Tanla share price has been reported to be 754.00 INR. This was reported on November 11, 2022, at 3:30 p.m.
