Route Mobile Explained
| Route Mobile Ltd |
| Former Name: | Route SMS |
| Type: | Public |
| Isin: | INE450U01017 |
| Industry: | Telecommunication |
| Founder: | Rajdip Gupta |
| Hq Location City: | Mumbai, Maharashtra |
| Hq Location Country: | India |
| Area Served: | India |
| Products: | Messaging Solutions, Voice, Chatbot, Identity Solutions, Emailer |
| Revenue: | (FY24) |
| Net Income: | (FY24)[1] |
| Num Employees: | 700+ |
| Num Employees Year: | 2022 |
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]
Honours and awards
- 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]
External links
Notes and References
- News: Route Mobile Q4 results: Profit falls 9% to Rs 95 cr, revenue remains flat . 8 May 2024 . Business Standard . 6 May 2024 . en.
- News: 22 January 2018. Route Mobile files IPO papers with SEBI, to raise around Rs 600 cr. Moneycontrol.com.
- News: Banerjee. Prasid. 6 November 2019. WhatsApp snooping: Is RCS answer to government's localisation problems?. en. Mint.
- News: 28 July 2019. Multiple numbers on a single SIM? Yes, it's possible!. en. Deccan Chronicle.
- News: 28 July 2019. Temporary virtual numbers may increase safety of users. en. Times Now.
- News: Gupta. Deepali. Idea Cellular looks to plug revenue leakage. The Economic Times.
- News: 11 March 2020. Route Mobile partners with Lanka Bell. en. Business Line.
- News: Gupta. Deepali. 9 May 2017. Route Mobile acquires BPO Call2Connect. The Economic Times. 2020-07-29.
- News: Gupta. Deepali. 20 September 2017. Route Mobile to buy Malta-based 365squared. The Economic Times.
- News: Route Mobile to grow through strategic acquisitions – Times of India. en. The Times of India.
- News: 17 July 2023. Proximus legt 643 miljoen euro op tafel voor meerderheidsbelang in Indiaas techbedrijf. nl. VRT NWS.
- Web site: Proximus Group completes the acquisition of a majority stake in Route Mobile. Proximus Group. 2024-05-08. 2024-05-29. en.
- Web site: Winners of the 2019 Messaging and SMS Global Awards named. 2020-07-28. www.capacitymedia.com. 3 December 2019 . en.
- News: Indian investment in UK on rise despite Brexit: Report. The Economic Times.
- News: Route Mobile [UK] Limited Stands Overall 2nd In UK's Top Fastest-Growing Indian Companies List]. en. Businessworld.
- Web site: ICSI National Awards For Excellence In Corporate Governance Held In New Delhi. 2020-07-28. Businessworld. en.
