A Hyderabad-based cloud computing firm has changed fortunes for many investors in the past two years. The scrip surged from ₹48.85 levels in April 2020 to ₹1612.50 apiece. It gave investors stellar returns of 3200.92% in the last two years!
This means that an investment of ₹1,00,000 in April 2020 would have turned into a little over 33 lakhs today! Market watchers believe that the company will continue to deliver robust returns on account of the addition of enterprise clients and continued growth in enterprise messaging volumes, among others.
Tanla Platforms Ltd (formerly Tanla Solutions Ltd) enables businesses to communicate with their customers and intended recipients with the help of its cloud communication solutions. It is one of the world’s largest CPaaS players, as it processes more than 800 billion interactions annually. Some of its key products include Wisely, Trubloq, Messaging, Voice, and IoT.
“Truecaller Business Messaging will be exclusively powered by Tanla’s Wisely CPaaS platform,” the company said as it announced an exclusive partnership with Truecaller at MWC’22.
“We expect Tanla to post 18% EPS CAGR over FY22-24, after witnessing around 53 per cent EPS growth in FY22,” IIFL Securities said in a report on March 2.
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