Tag: Uday Reddy

Business World

Tanla’s DLT platform Trubloq built to enforce TRAI regulation

Mar 11, 2021 by Neel Achary 0 Comments #Chairman & CEO, #Tanla Platforms Limited, #Uday Reddy

Hyderabad: Tanla Platforms Limited said today that the company is supporting enterprises in meeting the TCCCPR requirement to register content templates with the telecom regulator to ensure smooth flow of commercial communication between businesses and their customers. Trubloq, Tanla’s blockchain-based stack was built to solve the unsolicited commercial communication is in accordance with the TRAI Telecom Commercial Communications Customer Preference Regulation (TCCCPR). The SMS and OTPs, when sent by enterprises are checked against the templates pre-registered by them on this blockchain platform.

Tanla CEO

Trubloq enforces regulatory requirements by empowering customers and enabling enterprises and regulators in curbing the menace of spam calls and messages. Customers can own, control, and manage commercial communication directed to them, safeguarding themselves from fraudulent SMS and calls. Enterprises that have registered their content templates enable an ecosystem of trust by making certain all commercial communication to their customers is safe from fraud and is delivered on time without any delays.

Uday Reddy, Chairman & CEO, Tanla Platforms Limited said, “Tanla’s Trubloq is built for enterprises to enrich customer experience and create an ecosystem of trust in commercial communication. Towards this, Tanla is committed to support all enterprises in ensuring speedy adoption and compliance of the said regulation.”

“Tanla is supporting the enterprises in complying with the TCCCPR requirement in registering their content templates for commercial communication. Tanla’s customer support, technology and leadership teams are hand-holding customers and have been working with them round the clock to ensure regulatory protocol is met with within the seven-day extension granted by the TRAI.” Uday Reddy added.

Trubloq was launched commercially in September 2020 in response to the Telecom Regulatory Authority of India’s request to combat the widespread problem of unsolicited commercial communication, to protect user information, as well as the integrity of the telecom sector. Since the launch, the platform is operating at full efficiency. Tanla has onboarded more than 34,000 enterprises and the DLT platform currently processes around 70% of A2P traffic in India, topping more than 1 billion interactions in a single day recently.

Business World, News

Tanla’s continued investment in communication platforms pays off in stellar Q3 results

Feb 8, 2021 by Rekha Nair 0 Comments #Chairman & CEO of Tanla Platforms Limited, #Uday Reddy

Hyderabad, India: Tanla Platforms Limited announced its results for the quarter ended 31 December 2020 in comparison with the same period the previous financial year.

Key Metrics

Revenues were Rs 654.1 crore, up by 21%

EBITDA was Rs 126.9 crore, up by 99%

Net profit was Rs 93.5 crore, up from Rs 0.7 crore

Cash and cash equivalents were Rs 449.3 crore, up from Rs 204.8 crore

Earnings Per Share was Rs 6.87, up from Rs 0.05

Uday Reddy, Chairman & CEO of Tanla Platforms Limited said, “The quarterly results demonstrate the depth of Tanla’s capabilities in the platforms and commercial communications domain. Our unwavering focus, and investment in platforms and products, people, customer success and brand have all led to us posting the best quarterly performance till date. With our market position stronger than ever before, we are committed in our decision to expand our global footprint in the CPaaS business.”

“Trubloq, the DLT platform built to enforce the TRAI regulation has seen massive adoption across enterprises, telemarketers and telcos. To date, we have onboarded more than 34,000 enterprises. Trubloq was only launched commercially in September, and now processes over 70% of A2P traffic in India, topping 1 Billion interactions in a single day last month. Trubloq significantly bolstered Tanla’s revenues in the third quarter.

Data security, data privacy and traceability of digital footprint are no longer just compliance requirements, rather fast emerging as a potential source of competitive advantage and so are becoming a strategic priority for organisations. The Wisely platform, our latest offering launched in January ensures that end users data security and data privacy is never compromised when sending and receiving commercial communications. Wisely is on its way to “Uberize” the CPaaS ecosystem.”

Financial Highlights

India’s largest CPaaS provider delivered its best third quarter revenues.

On a year-on-year basis, revenues grew 21% to Rs 654.1 crore accounting for more than a third of last year’s annual revenues. The EBITDA was up by 99% to Rs 126.9 crore for the same period, crossing the Rs 100 crore mark for the first time. The company reported a highest ever net profit of Rs 93.5 crore.

EBITDA to cash conversion was 78% and cash generated from operating activities was Rs 225.2 crore, for the quarter. Tanla & all of its subsidiaries continue to remain debt free.

Business Highlights

Tanla’s growth in business for the quarter was propelled by 81 new client opportunities. These new deals could augment the annual revenue by Rs 90 crore.

Early January, Tanla also marked a significant milestone in the platforms business with the launch of Wisely, a blockchain-enabled CPaaS offering built & architected by Microsoft. As a unique marketplace for enterprises and suppliers, Wisely offers a global edge-to-edge network that delivers private, secure, and trusted communication experiences. It was the first time that an Indian technology company released a disruptive platform for global adoption.

New Enterprise Wins

  • Tanla’s new enterprise wins came from eight sectors for the quarter. Banking, fintech, retail and e-commerce accounted for more than 50% of new enterprise wins.
  • Consumer goods and automobile, communications and entertainment, and BFSI sectors top the list of 6,278 enterprises that registered on Trubloq in Q3 alone.

Responding to COVID-19

During these trying periods, we focused on keeping our employees safe, encouraging them to work from home by providing them with adequate technology and infrastructure. Even as we worked remotely, we made certain that the needs of our customers and partners were always met and everybody remained engaged, healthy, and productive in their new working environment.

Business World

Tanla announces unaudited financial results for Q1 FY 2021

Aug 12, 2020 by Gouri Achary 0 Comments #Chairman & Managing Director of Tanla., #Tanla, #Uday Reddy, #unaudited financial results for Q1 FY 2021

Hyderabad, August 12, 2020: [NSE-TANLA; BSE-532790] — The Board of Tanla Solutions Limited at its Board Meeting held on August 12, 2020, announced the un-audited financial results for the quarter ended on June 30, 2020, for FY21.

  • Revenue at ₹455.5 crores increased by 15% sequentially from the first quarter of FY20.
  • Gross Margin at ₹105.3 crores increased by 37% sequentially from the first quarter of FY20.
  • Net Profit at ₹78.6 crores increased by 204% sequentially from the first quarter of FY20.
  • EPS at ₹5.17, increased by 196% sequentially from the first quarter of FY20.
  • Tanla and all its subsidiaries remain debt-free.
  • Provision of ₹3.7 crores for loss of investment in liquid funds and a provision of ₹2.92 crores created for doubtful debts in FY20 have been reversed in the current quarter, as the same has been realized.
  • A tax refund of ₹1.44 crore has been received during Q1FY2021.
  • Interest income of ₹3.42 crore comprises of ₹1.4 crores as interest on TDS and ₹2.02 crore realized as interest from fixed deposits made in HDFC Bank.

“Tanla’s quarterly performance bucks the trend amidst the raging pandemic disrupting global economies.,” said Uday Reddy, Chairman & Managing Director of Tanla. “Our unique market standing as a leading Digital and Cloud Communications player have resulted in robust topline and bottom-line growth both YOY and QOQ.”

Commenting on TRAI’s directive for the commercial launch of DLT services from Sept 1, 2020, Uday Reddy said,” With the commercial rollout of Trubloq slated for September 1, this blockchain-enabled platform has the traction to become the gold standard in its space. For Regulators, Telco’s and Enterprises alike spams and mobile fraud risks can be mitigated and additionally provide the end-users with the power to choose.”

Business Highlights

  • During Q1FY21, 80 new customers were signed up with an annual potential revenue of ₹80 crore, constituting a healthy mix of customers from leading verticals (e-commerce, BFSI, EdTech, Telecom etc.) including established brands to high potential startups.
  • Tanla was awarded a contract by a leading telecom service provider in Dubai for deploying the subscriber consent management system for promotional/bulk SMS based on blockchain technology.

Corporate and other Highlights

Update on Buy-back

In the buyback offer, 1.67 Cr number of shares were tendered, representing 87.80% of the buy-back offer size, resulting in the paid-up share capital reducing to 13.55 Cr equity shares of ₹1/ each from *15.22 Cr equity shares of ₹1/ each.

  • Post-buy-back, the number of shareholders reduced by 3614 shareholders from 50,711 on June 12, 2020, to 47,097, on July 31, 2020.
  • Total buy-back proceeds of ₹135.2 crores were discharged to the shareholders on July 22, 2020, and buy-back tax of ₹29.5 crores was paid on August 5, 2020.
  • The Shareholding pattern pre and post-buy-back is as given below:
 Pre-Buyback (as on June 12th, 2020)Post-Buyback (as on July 31st, 2020)
ParticularsNo. of shareholdersNo. ofshares% ofshareholdingNo. of shareholdersNo. ofshares% of shareholding
Promoters65,36,10,55835.2165,36,10,55839.55
Banyan Investments Limited12,19,99,82414.4512,19,99,82416.23
Employees4585,32,7855.64280,47,8355.94
Public                 50,6596,81,14,39044.74                 47,0485,19,06,58838.27
Total               50,711*15,22,57,557100.0                 47,09713,55,64,805100.0

*Note: Listing approval from BSE Limited is pending for listing of 62,85,858 Equity Shares allotted on April 3, 2020, pursuant to the conversion of warrants.

Update on Merger

  • The Hyderabad bench of the Honorable NCLT approved the merger of Karix Mobile Private Limited (“Karix”) and Unicel Technologies Private Limited (“Unicel”) with Tanla Corporation Private Limited (“Tanla”) on June 30, 2020.
  • As per the NCLT Order, the appointed date for the merger is April 09, 2019.
  • As approved in the NCLT Order, Tanla shall be named as Karix subject to regulatory approvals.
  • As an impact of Merger, Goodwill amounting to ₹158.4 crores is now available as a tax allowable expense for Tanla.

HR Update

The annual appraisal of the employees has been conducted and the employees have received the increments and promotions as per the Company Policy, for FY2021, resulting in the total resource cost increase by ~ 10%.

For Further Financial updates, visit https://tanla.com/investors.html

Auditors

Internal Auditors: Deloitte Touche Tohmastu India LLP

Statutory Auditors: MSKA & Associates