Tanla Platforms Ltd(TANLA)

NSE: TANLABSE: 532790

₹ 557.9-4.05%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 7,400 crNext results: 27 Oct 2026Website: www.tanlasolutions.comUpdated: 24 Oct 2026

About

Tanla Platforms is an Indian Communications Platform as a Service (CPaaS) company that provides cloud communications infrastructure - SMS, OTT messaging (WhatsApp, RCS), and AI-native software platforms - to enterprises and telecom operators. It operates two businesses, Enterprise Communications and Digital Platforms, and reported FY26 revenue of Rs 4417.71 Cr. Tanla says it is Google's largest global RCS partner and among the top two WhatsApp business messaging players in India.^[1][2][3]

Business segments

Enterprise Communications grew 4.5% QoQ and 18.4% YoY in Q1 FY27, driven by higher wallet share within existing customers; segment gross margin ~20%.^[4]
Digital Platforms contributed 8.4% of revenue in Q1 FY27, growing 0.2% QoQ and 12.2% YoY, led by Wisely.ai, RCS MaaP and Trubloq; platform gross margin ~98.5%.^[4]
Enterprise Communications revenue was ₹40,228 Mn in FY26 (+9.8% YoY); it delivers SMS, WhatsApp, RCS and other OTT messaging to enterprises.^[1]
Digital Platforms revenue was ₹3,949 Mn in FY26 (+8.5% YoY); includes AI-native platforms (Wisely.ai, ATP) licensed to telcos and enterprises.^[1]

Products and platforms

Solutions are grouped into user.ai (no spam, no scam) and enterprise.ai (authentication, customer experience and growth marketing); Tanla has built 350 unique solutions across channels (FY25).^[3]
Trubloq is described as the world's largest blockchain-enabled DLT platform combating spam (FY25).^[3]
Wisely.ai is deployed with telcos for anti-spam and anti-scam use; live with Indosat (Indonesia) under a 3.5-year per-user-per-month subscription deal signed in Q1 FY26.^[5]
ATP, India's first patented anti-phishing platform, had scanned over 1.5 billion messages as of March 2025; sold to banks per subscriber per month, with three banks signed as of Q4 FY26.^[3][1]
MaaP for RCS was adopted by ~50+ marquee enterprises (FY25) and deployed with Telkomsel and Indosat in Indonesia as of Q1 FY26.^[3][5]
Tanla holds 8 patents to date after two granted in FY25, with twelve further patent applications filed; named a 'Visionary' in the Gartner Magic Quadrant for CPaaS, 2024.^[3]

Key operating metrics

Gross margin was 26.6% in Q1 FY27, down 40 bps QoQ on customer mix and up from 25.0% in Q1 FY26; platform share of gross profit fell to 31% from 35%.^[4]
DSO was 79 days in Q1 FY27, up from 76 days in Q4 FY26.^[4]
OTT channels (WhatsApp, RCS, TrueCaller) contributed 31 - 32% of Enterprise Communications revenue for four quarters through Q4 FY26, up from 19.9% in Q1 FY25.^[1]
Service infrastructure handles over 950 billion transactions a year; Tanla processes ~1 billion RCS messages a month (FY25).^[3]
Gross profit to EBITDA conversion was 61.7% and ROCE 27% in Q1 FY27.^[4]

Customers and distribution

Tanla serves 2,500+ customers across all verticals; fifty of its top hundred accounts have stayed over five years (FY25).^[3]
Customers above ₹10 Mn annualised revenue numbered 353 in Q1 FY27; the ₹100 - 500 Mn cohort grew 10.8% QoQ and 43.9% YoY.^[4]
71 new customers added in Q1 FY27 contributed ₹31 Mn; 49% were added on WhatsApp and RCS. In FY26, 339 new logos contributed ₹1,998 Mn.^[4][1]
19 customers above ₹50 Cr accounted for ₹1,679 Cr of revenue in FY25.^[3]
Named deployments include Axis Bank (RCS), Chennai Metro Rail (WhatsApp ticketing for 1.7M+ monthly commuters) and 55+ Tamil Nadu government departments under 'Namma Arasu'.^[3][6]
Gaming vertical revenue was impaired from Q2 FY26 by regulatory changes; Dream11, the largest gaming customer, no longer contributes.^[7]

Operations and geographic presence

Offices are in Hyderabad (TTC and SEZ), Gurgaon (Karix and ValueFirst), Chennai, Bangalore and Mumbai (FY25).^[3]
Indonesia office inaugurated in Q3 FY26; a Saudi Arabia subsidiary, Karix Mobile LLC, was set up in June 2025 and an enterprise-focused UAE presence established.^[6][3]
ValueFirst UAE generates ~₹150 - 170 Cr a year; its consolidation remained pending RBI approval as of Q4 FY26.^[1]

Recent developments

Q1 FY27 revenue grew for a fifth consecutive quarter, +17.8% YoY, led by existing customers and by Wisely.ai, SMS and OTT.^[4]
Bandhan Bank became the third ATP customer and went live in Q4 FY26 on a five-year per-subscriber contract.^[1]
Tanla completed a ₹175 Cr share buyback by tender, with the window open 29 July to 4 August 2025.^[5]
Management expects annual capex of ₹100 - 150 Cr to continue, per Q4 FY26 guidance.^[1]

Market Cap

₹7,400 Cr

High / Low

₹657 / 372

Stock P/E

13.9

Price / Book

3.0

Book Value

₹188

EPS

₹38.4

No. of Shares

13.26 Cr

ROCE

26.4%

ROE

21.4%

OPM

14.3%

Debt / Equity

0.00

Sales

₹4,418 Cr

Net Profit

₹509 Cr

Promoter holding

46.2%

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Tanla Platforms Ltd(TANLA)

About

Business segments

Products and platforms

Key operating metrics

Customers and distribution

Operations and geographic presence

Recent developments

Signal history

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