The share price of this leading IT stock surged 3 percent after the United States Patent and Trademark Office (USPTO) granted two new patents to a wholly-owned subsidiary of this IT and communication services company.
Price Movement
In Wednesday’s trading session, Tanla Platforms Ltd.’s share price rose to Rs.991 per share, a 2.5 percent increase from its previous close. This uptick was fueled by the announcement of new patent grants and steady financial growth.
What is the news
The United States Patent and Trademark Office (USPTO) has granted two new patents to Tanla Digital Labs Private Limited, a wholly-owned subsidiary of Tanla Platforms Limited.
These patents focus on improving SMS communication security.“A Method and System for Securing Access to User Data During Phishing Detection”
This patent protects a privacy system for the secure exchange of sensitive information between enterprises, anti-smishing platforms, and telecommunications operators, enhancing data protection and confidentiality.
“System and Method for Detecting Phishing Attacks in SMS Communications”
This patent covers a system and methodology for detecting and automatically blocking phishing attacks in SMS communications, offering effective protection against SMS-based phishing threats.
How will these Patents improve commercial communication
One patent focuses on a method and system for securing access to user data during phishing detection, enabling enterprises, anti-smishing platforms, and telecom operators to safely share sensitive information.
The other patent addresses the automatic detection and blocking of phishing attacks in SMS communications, which helps prevent fraudulent activities and enhances overall transparency.
Additionally, the patents leverage blockchain technology to ensure secure message transmission, allowing businesses to effectively audit message counts and routing. This use of blockchain enhances the reliability and transparency of commercial communications due to its immutable nature.
Furthermore, the patents incorporate advancements in encryption and decryption techniques, further strengthening message security. By addressing these critical issues, Tanla’s patents contribute to creating secure and reliable communication channels, benefiting enterprises, telecom operators, and ultimately their customers.
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Clientele Base
Tanla Platforms Ltd has a diverse and expanding customer base, serving approximately 2,000 clients across various sectors. Notable clients include major companies such as Airtel, Vodafone Idea, Google, Facebook, LinkedIn, HDFC Bank, Kotak Bank, and Axis Bank, among others.
Approximately 50 percent of Tanla’s top 50 customers have been with the company for over seven years, indicating strong client retention and satisfaction
Financials
Tanla Platforms Ltd. reported a 10 percent increase in consolidated revenue from operations, reaching Rs.1,002 crores in Q1FY25, up from Rs.911 crores in Q1FY24. Profit after tax (PAT) also rose by 4.5 percent to Rs.141 crores, compared to Rs.135 crores during the same period.
The Enterprise Communications segment saw a 17.7 percent year-over-year growth in gross profit while the Digital Platform segment’s gross profit increased by 0.7 percent year-over-year.
Shareholder Composition
As per the shareholding pattern of June 2024, the Promoters hold a 44.16 percent stake in the company, Foreign Institutional Investors (FII) hold a 14.55 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 40.55 percent and 0.75 percent stake in Tanla Platforms Limited respectively.
Company Overview
Tanla Platforms Ltd, previously known as Tanla Solutions Ltd, is a leading provider of cloud communications that facilitates seamless interactions between businesses and their customers. Headquartered in Hyderabad, India, the company specializes in A2P (application-to-person) messaging, establishing itself as a global player in this sector.
Written by – Siddesh S Raskar
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