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Route Mobile Ltd

ROUTE
NSE
527.15
0.53%
Last Updated:
30 Apr '26, 4:00 PM
Company Overview
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Route Mobile Ltd

ROUTE
NSE
527.15
0.53%
30 Apr '26, 4:00 PM
Company Overview
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Add to Watchlist
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
3,321Cr
Close
Close Price
527.15
Industry
Industry
IT Enabled Services
PE
Price To Earnings
17.83
PS
Price To Sales
0.75
Revenue
Revenue
4,452Cr
Rev Gr TTM
Revenue Growth TTM
0.78%
PAT Gr TTM
PAT Growth TTM
-45.02%
Peer Comparison
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Quarterly Results

Upcoming Results on
7 May 2026
Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
1,0099671,0151,0241,0171,1031,1131,1841,1751,0511,1191,107
Growth YoY
Revenue Growth YoY%
61.132.719.93.90.814.19.715.615.5-4.80.5-6.5
Expenses
ExpensesCr
8778408868998929809781,0541,053957983961
Operating Profit
Operating ProfitCr
13212712812512512413513012294136146
OPM
OPM%
13.113.212.612.212.311.212.211.010.48.912.113.2
Other Income
Other IncomeCr
15114351311399-1311-10913
Interest Expense
Interest ExpenseCr
5776891498621
Depreciation
DepreciationCr
212121222222222222222323
PBT
PBTCr
12011010413210910313710779772135
Tax
TaxCr
161915181422302119182133
PAT
PATCr
10492881149581107856059-19103
Growth YoY
PAT Growth YoY%
119.429.021.633.1-8.5-11.521.1-24.8-36.6-27.6-117.620.0
NPM
NPM%
10.39.58.711.19.47.49.67.25.15.6-1.79.3
EPS
EPS
16.314.814.216.914.112.516.113.19.08.4-3.415.5

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
4585058459561,4062,0023,5694,0234,5764,452
Growth
Revenue Growth%
10.367.313.247.042.478.312.713.7-2.7
Expenses
ExpensesCr
3774337588561,2321,7833,1253,5124,0483,954
Operating Profit
Operating ProfitCr
807186100174219444511528498
OPM
OPM%
17.614.210.210.412.410.912.412.711.511.2
Other Income
Other IncomeCr
758-31620395728-97
Interest Expense
Interest ExpenseCr
161253520274118
Depreciation
DepreciationCr
5121723263882868990
PBT
PBTCr
81576569162195382455426293
Tax
TaxCr
21101011292548669290
PAT
PATCr
60485658133170333389334203
Growth
PAT Growth%
-21.316.84.9128.128.195.816.7-14.1-39.3
NPM
NPM%
13.29.46.66.19.48.59.39.77.34.5
EPS
EPS
12.19.711.410.624.827.852.360.050.729.6

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
50505050586362636363
Reserves
ReservesCr
771211732195941,6101,7582,0872,3692,464
Current Liabilities
Current LiabilitiesCr
692462593463556617831,0351,295741
Non Current Liabilities
Non Current LiabilitiesCr
47712183232742666760
Total Liabilities
Total LiabilitiesCr
2014234876261,0222,6592,8853,4723,8263,368
Current Assets
Current AssetsCr
1502202824047701,6691,7872,1302,7362,392
Non Current Assets
Non Current AssetsCr
512042052212529901,0991,3421,090976
Total Assets
Total AssetsCr
2014234876261,0222,6592,8853,4723,8263,368

Cash Flow

Consolidated
Standalone
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
-6028239822213573-98602
Investing Cash Flow
Investing Cash FlowCr
-11-130-50-226-838112-2-260
Financing Cash Flow
Financing Cash FlowCr
1446-17-67211824-108158-34
Net Cash Flow
Net Cash FlowCr
-61-586322071207858309
Free Cash Flow
Free Cash FlowCr
-7422259121411735-133583
CFO To PAT
CFO To PAT%
-99.059.141.1169.2167.379.122.0-25.1180.4
CFO To EBITDA
CFO To EBITDA%
-74.439.326.498.5127.661.516.5-19.1114.2

Ratios

Consolidated
Standalone
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
00008,1419,7178,53410,0555,869
Price To Earnings
Price To Earnings
0.00.00.00.061.158.326.126.818.4
Price To Sales
Price To Sales
0.00.00.00.05.84.82.42.51.3
Price To Book
Price To Book
0.00.00.00.012.55.84.74.72.4
EV To EBITDA
EV To EBITDA
-1.2-0.3-0.2-0.544.239.817.618.99.5
Profitability Ratios
Profitability Ratios
GPM
GPM%
28.932.521.020.119.720.922.021.420.8
OPM
OPM%
17.614.210.210.412.410.912.412.711.5
NPM
NPM%
13.29.46.66.19.48.59.39.77.3
ROCE
ROCE%
56.925.025.623.124.411.920.519.116.1
ROE
ROE%
47.627.824.921.620.410.218.318.113.7
ROA
ROA%
30.111.211.49.313.06.411.511.28.7
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Route Mobile Limited (RML), established in 2004 and headquartered in Mumbai, India, is a global leader in cloud communications, operating as a **Communications Platform-as-a-Service (CPaaS)** provider. It serves enterprises, over-the-top (OTT) platforms, and mobile network operators (MNOs) across diverse sectors including BFSI, e-commerce, healthcare, government, retail, and logistics. Since its full integration into **Proximus Global** in early 2025, Route Mobile has evolved into one of the world's largest CPaaS providers by messaging volume, now positioned as a **top-three global player**. --- ### **Strategic Transformation via Proximus Global Integration** Route Mobile is now a core component of **Proximus Global**, a unified digital services entity formed by combining: - **Route Mobile** (enterprise CPaaS and regional innovation), - **BICS** (global telecom infrastructure and carrier connectivity), - **Telesign** (digital identity and fraud prevention). This integration, which achieved 74.86% ownership by Proximus via acquisitions and a public open offer, has created a **vertically integrated "Connect-Protect-Engage" value chain**: | **Pillar** | **Capability** | **Contributing Entity** | |-----------|----------------|--------------------------| | **Connect** | Global telecom reach, MNO access, IoT/roaming, eSIM | BICS | | **Protect** | Digital identity, fraud detection, AI-powered firewall | Telesign & 365squared | | **Engage** | Omnichannel CPaaS, RCS, WhatsApp, AI chatbots | Route Mobile | This integration enables Route Mobile to scale globally, expand into mature markets (US, Europe), deepen presence in high-growth regions (India, Africa, APAC), and co-develop next-gen solutions with synergistic platforms. --- ### **Business Model & Key Verticals** Route Mobile operates across **four internal business verticals**: 1. **Enterprise & OTT**: A2P messaging (SMS, RCS, WhatsApp), email, voice, payment integration. 2. **Mobile Operator**: SMS firewalls, monetization tools (e.g., CPaaS-in-a-Box), SMSC, MMSC, analytics. 3. **Digital Identity & Security Services (TruSense™)**: AI-driven identity verification, anti-phishing, OTP-less authentication. 4. **Business Process Outsourcing (BPO)**: Managed services for enterprise engagement. --- ### **Technology & Innovation** Route Mobile has developed a robust, AI-driven **cloud-native platform** with several proprietary solutions: #### **Omnichannel Platform & AI Suite** - **OCEAN (Omnichannel Experience Automation Network)**: Unified platform for SMS, email, RCS, WhatsApp, Viber, and voice, enabling journey orchestration via insights, conversational UX, and engagement. - **Roubot**: No-code, AI-powered chatbot builder with NLP, flow control, A/B testing, CRM integrations, and generative AI (via AWS Bedrock) for use in BFSI, e-commerce, education, and healthcare. - **RCS Business Messaging**: Deployed in leading transit systems (e.g., Hyderabad, Jakarta), featuring rich media, CTA buttons, and WhatsApp-integration. - **365guard**: AI-powered SMS fraud detection solution launched by **365squared**, detecting smishing, phishing, and spam in real time using adaptive analytics. --- ### **Growth Initiatives & Strategic Partnerships** #### **High-Impact Product Launches** - **WhatsApp Voice Services**: Enabled for enterprise conversational commerce and patient engagement. - **eSIM Integration**: For travel and fintech sectors. - **Payment as a Service (Click2Pay)**: Enables real-time payments in chat-based interactions. - **API Monetization via Catana & Aduna**: Leverages BICS’ network API infrastructure to deliver enterprise-grade fraud prevention, authentication, and omnichannel orchestration. #### **Landmark Deployments** - **Transport Ticketing**: - WhatsApp-based ticketing for **Delhi Metro, Maha Mumbai Metro, MRT Jakarta**. - RCS + Google Wallet solution for **L&T Metro, Hyderabad**. - **Healthcare**: WhatsApp Voice Calling for hospital patient engagement in India’s Tier 2/3 cities. - **Financial Services**: Email onboarding and anti-fraud solutions for Latin American digital banks. #### **Key Strategic Partnerships** - **Meta (Premier Partner)**: Direct access to WhatsApp Business Platform, flows, and commerce capabilities. - **Proximus Group Subsidiaries**: Cross-selling with **Telesign’s identity solutions** and **BICS’ global operator network**. - **System Integrators**: Including **Infosys, Microsoft**, for co-development and GTM acceleration. - **Nokia**: Co-building enterprise applications with telecom network APIs. --- ### **Global Footprint & Operations** - **Presence**: 20+ global offices across North America, Latin America, Europe, UK, Middle East, Africa, and Asia-Pacific. - **Subsidiaries**: 9 direct and 26 step-down subsidiaries across 35+ locations. - **Employees**: Over 800 employees (as of Aug 2025), including 334 technology experts. - **Data Centers**: 20 global data centers, 6 SMSCs. - **Network**: Direct connections with **288+ MNOs**, access to **900+ networks via BICS’ Super Network**. - **Customers**: Over **3,200 active billable clients**, including Fortune Global 500 companies. --- ### **Market Position & Recognition** - **Gartner Magic Quadrant**: Recognized as a **Niche Player in CPaaS (2024)** and a **Major Provider (2023)**. - **ROCCO Report**: Ranked as a **Top Tier 1 A2P SMS vendor**. - **Awards**: TruSense Identity won **'Best Mobile Authentication Solution' (2024)**. --- ### **Acquisitions & Strategic M&A** Route Mobile has pursued aggressive inorganic growth to build a full-stack CPaaS/CXaaS platform: - **SendClean**: Email-as-a-Service platform with ~1B emails/month processing. - **365squared**: AI-powered SMS firewall and fraud detection. - **Masivian (Colombia)**: LatAm CPaaS market entry. - **MR Messaging & Interteleco**: Expanded footprint in UAE, Kuwait, Africa, and Europe. - **TeleDNA**: Integrated SMSC, MMSC, and firewall tech stack. - **Teledgers DLT Platform**: For regulatory compliance (e.g., TRAI in India). These acquisitions supported **Vision 2.0**, transforming Route Mobile from an SMS aggregator into a **Customer Experience Platform as a Service (CXaaS)** provider. --- ### **Leadership & Governance** - **Founder & MD/Group CEO**: **Rajdipkumar Gupta** (since 2004) – driving global expansion and innovation. - **CEO, Route Mobile (Operational)**: **Gautam Badalia** (from Feb 2025) – overseeing execution under Proximus Global. - **Proximus Global Leadership**: **Guillaume Boutin (CEO)**, with centralized commercial, technology, and GTM functions. --- ### **Strategic Priorities (Nov 2025)** 1. **Expand in Mature Markets**: Accelerate penetration in North America and Europe via Telesign and BICS partnerships. 2. **Monetize Network APIs**: Scale Catana and Aduna platforms globally. 3. **Develop CXaaS Stack**: Combine communications, identity, personalization, and analytics into intelligent customer journeys. 4. **Enhance Security & Compliance**: Strengthen TruSense for regional regulations (e.g., GDPR, India’s DPDPA). 5. **Innovate with AI**: Leverage generative AI for chatbots, content creation, and predictive analytics. 6. **"Be Local, Serve Local" Strategy**: Establish local offices to capture high-margin SMEs and regional banks in target markets. ---