Share price of this IT stock moved up by nearly 2.87% to Rs. 995.6 in the morning trading session of March 5th, compared to its previous close of Rs. 967.75, after the company announced the launch of a new platform to support Google RCS Business Messaging.
With a market capitalisation of Rs. 13,102.4 crores, at 10:52 a.m. the shares of Tanla Platforms Limited were trading in the green at Rs. 975.25, up by 0.77 percent.
In the last one year, the company has delivered returns of about 50.53 percent. However, it delivered more than 4.5 percent of negative returns in the last six months, and nearly 11.41 percent, so far in 2024.
According to recent regulatory filings with the stock exchanges, Tanla Platforms announces the launch of Messaging as a Platform (MaaP) during Mobile World Congress 2024 in Barcelona.
Tanla has signed a Memorandum of Understanding (MoU) with Vodafone Idea Business Services Limited to implement the MaaP platform in India.
MaaP is built on the Rich Communication Services (RCS) standard to support Google RCS Business Messaging (RBM) and allows operators to engage with their customers in richer, more interactive ways.
The cloud-based platform includes multiple advanced features such as rich media, interactive buttons, and real-time messaging to provide an immersive communication experience.
In addition, it announced major plans that will power solutions on Google’s RCS Business Messaging (RBM) platform.
These initiatives will catalyse conversational messaging across industries such as BFSI, travel, e-commerce, etc., resulting in tailored solutions for different industry verticals and increased impact for companies and their customers.
Tanla’s MaaP enables telecom operators all over the world to offer Google RBM as a channel to their subscribers while also unlocking enriched media features like images, videos, customised clickable buttons, and more.
To reduce communication fatigue, the platform provides content verification and spam control with native AI capabilities. It provides an easy onboarding and verification process for aggregators and businesses.
In terms of financials, the company’s revenue from operations fell by 0.6% from Rs. 1,009 crores in Q2 FY23-24 to Rs. 1,003 crore in Q3 FY23-24,
accompanied by a 2.09% decrease in the net profit from Rs. 143 crore in Q2 FY23-24 to Rs. 140 crore in Q3 FY23-24.
As of December 2023, the FIIs increased their holding by 0.31 percent from 15.15 percent in Q2 FY23-24 to 15.46 percent in Q3 FY23-24.
India’s leading CPaaS provider, Tanla Platforms Limited was the first company to develop and deploy A2P SMSC in India.
Founded in 1999, Tanla Platforms Limited, formerly known as Tanla Solutions Ltd, is the leading CPaaS provider in India.
The company is one of the leading cloud communications providers enabling businesses to communicate with their customers, stakeholders and intended recipients.
Written by Shivani Singh
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