Hot Pursuit     28-Feb-24
Tanla Platforms gains on extending partnership with Truecaller
Tanla Platforms gained 1.39% to Rs 1,011.10 after the company announced it has extended its exclusive partnership with Truecaller to deliver customized solutions to enterprises.

The partnership aims to help enterprises connect with their end-users and offer highly customized solutions, including rich media and engaging content. Business messages can seamlessly integrate images, videos, and documents, providing a distinctive experience, while at the same time offering benefits for enterprises like lower costs, faster deliveries, and better insights unlike traditional SMS, it added.

Tanla and Truecaller are confident that this partnership sets the foundation for continued growth and product development to further innovate and build an even more effective communication platform for enterprises, the firm stated in the press release.

Commenting on the partnership, Alan Mamedi, CEO and co-founder of Truecaller, said “We have had a very successful collaboration with Tanla since 2022. We are now able to deepen the partnership in India, which is positive for us, for Tanla and for enterprises that can distribute messages to end customers in a more reliable, modern and cost-efficient way. The new partnership with strengthened collaboration ensures growing usage of the platform and opportunities to serve more business customers via Tanla’s network. We are committed to this partnership with Tanla and to scale up volumes”.

Truecaller, as a leading global platform for verifying contacts and blocking unwanted communication, bring with a wide array of advance messaging capabilities and a strong base of 260 million active users in India.

Tanla Platforms, headquartered in Hyderabad, is a leading player in the CPaaS (Communications Platform as a Service) industry. It handles a volume of over 800 billion interactions per year. Additionally, its Trubloq service manages a significant portion (63%) of India's A2P (Application-to-Person) SMS traffic, making it the largest Blockchain use case globally.

The company’s consolidated net profit jumped 20.3% to Rs 140.13 crore on 15.3% increase in net sales to Rs 1,002.57 crore in Q3 FY24 over Q3 FY23.

Previous News
  Tanla Platforms consolidated net profit declines 26.26% in the December 2022 quarter
 ( Results - Announcements 21-Jan-23   07:46 )
  Tanla Platforms consolidated net profit declines 14.46% in the March 2023 quarter
 ( Results - Announcements 26-Apr-23   15:34 )
  Board of Tanla Platforms recommends final dividend
 ( Corporate News - 25-Apr-24   22:26 )
  Tanla Platforms reports consolidated net profit of Rs 102.54 crore in the March 2021 quarter
 ( Results - Announcements 20-May-21   07:33 )
  Tanla Platforms slumps on ending pact with Vodafone
 ( Hot Pursuit - 21-Aug-23   10:20 )
  Tanla Platforms Ltd Spikes 2.39%
 ( Hot Pursuit - 30-Jan-24   09:30 )
  Tanla Platforms update on contract with Vodafone Idea
 ( Corporate News - 18-Aug-23   18:44 )
  Tanla Platforms to discuss results
 ( Corporate News - 12-Oct-23   10:20 )
  Tanla Platforms rises as board to mull share buyback
 ( Hot Pursuit - 02-Sep-22   12:28 )
  Tanla Platforms Ltd Surges 8.08%, S&P BSE IT Sector index Gains 1.35%
 ( Hot Pursuit - 28-Jul-22   09:30 )
  Tanla Platform's subsidiary Karix Mobile partners with Swedish Caller ID firm Truecaller
 ( Corporate News - 29-Jun-21   18:55 )
Other Stories
  PC Jeweller soars after PNB approves settlement
  08-Jul-24   15:26
  Godrej Inds gains after chemicals arm inks BTA to acquire Ethoxylation Unit II
  08-Jul-24   15:22
  GE Power sizzles after NTPC order win
  08-Jul-24   15:02
  Patel Engineering Ltd leads losers in 'A' group
  08-Jul-24   15:01
  Sundaram Multi Pap Ltd leads losers in 'B' group
  08-Jul-24   14:46
  Marine Electricals jumps after order win
  08-Jul-24   14:33
  Volumes soar at Metro Brands Ltd counter
  08-Jul-24   14:30
  Bank of India Q1 domestic deposits grow 10% YoY
  08-Jul-24   14:25
  Tata Motors Q1 global wholesales rises 2% YoY
  08-Jul-24   14:03
  Metal stocks edge lower
  08-Jul-24   14:01
Back Top