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Q4-09: Tanla Solutions Net Profits Fall 34% To Rs. 291M; ZED JV Approved

VAS firm Tanla Solutions has registered a 34% drop in net profits to Rs. 291 million for the quarter ended March 31, 2009 from the previous quarter. It has fallen by 42% from Rs 500 million clocked on a year on year basis.


ZED JV Gets FIPB Approval

The company’s Indian centre, based in Hyderabad, had recently received a go ahead from FIPB for setting up a joint venture that will focus on Mobile Internet space, Mobile Entertainment, Mobile Advertising, and Interactive TV.

Details: Financials


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Gross revenues dropped by 15% over the previous quarter to Rs 1435 million, and were slightly lower (at 3%) than what Tanla clocked in the same quarter last fiscal. Overseas revenues, which form the bulk of the revenues, also showed a similar drop of 3% from Q408. It registered a fall of 14% to Rs 1,386 million from Rs 1,606 million last quarter.


Domestic revenues have dropped by 37% for the quarter to Rs 39 million from Rs 61 million recorded in Q3. What is amazing is that compared to the same quarter last fiscal, when Tanla’s revenues from sales in the country was just Rs 2 million, revenues have shot up a dizzying 1502%, albeit on a low base. According to Business Line, the company should have taken two to three years for India to have contributed substantially to revenues.

In comparison with FY08, EPS increased by 20% to Rs 20. FY 2009 has been a good year for the company with net profit rising by 20% to Rs 2000 million from Rs 1,665 million in FY 2008.  Gross revenue rose 45% to Rs 6,930 million for the year, boosted by domestic revenues which jumped from Rs 4 million to Rs 177 million.

Earnings per share continued to fall from a high of Rs 7.1 recorded in the second quarter of FY09 to Rs 2.9 this quarter.

Tanla’s Product Portfolio

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Tanla Solutions offers a content management system, an MMS gateway and MINT, a tool that allows content owners to build a WAP site.

It also has an Interactive TV Manager, an application that displays SMS and MMS messages,  live and recorded video on mobiles, promoting interactivity. This can be used to create topics for competitions or voting on mobiles. Operators can also select how it will look on-screen.

Its Interactive campaign manager was launched in Q109 in India to help operators run and manage their mobile campaigns.

Ace, a desktop tool for mobile marketing, was being piloted by the company in Q109 in India. M-Raga is a mobile radio service.

For telcos, its products include an SMS centre, MyRing (ring back tones), a USSD service, T-Video Dial – an advertising platform that allows operators to send video ads to 3G subscribers, an outbound dialer for call centres, IVR and voice portals, missed call alerts service, voice mail and a Call management suite that offers Voice Casting (Out-Dial), Voice to MMS & Voice to email. It also has a range of roaming solutions.

Tanla also has a bouquet of payment services such as M-ticketing, WAP billing, M-vouchers and Openbit’s licence managing solution which handles over 50,000 end user transactions per day.

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Its professional services include an open source OS based IP-PBX, IVR and VoIP development. It also offers media gateways, access gateways and media servers.


All Of Tanla’s Tie Ups In India

— It tied up with telco MTNL to launch its 3G value added services platform that will enable the telco to offer video IVR portals, video chat, SMS and alerts.
– BSNL for a voice portal in all circles, which was rolled out in 20 circles by Q2 09.
-Bharti Airtel for M-Raga, a voice portal, in two circles and premium SMS. Tanla has inked ties with Airtel and Nokia for its mobile application rights management product.
-Aircel for Missed Call Alert solutions and SMS centre.
-Reliance Communications for premium SMS delivery
-It has tied up with all operators in the country for premium SMS delivery and is live since 2008. Tanla’s SMS Centre has been deployed by RCOM, BPL, Hexacom, Airtel and Essar.
– It had tied up with media and TV firms such as B4U, India News, Space TV, CNEB, Voice of India and Enterr10 for its Interactive TV solution.

(via Business Line)

Among its Indian clients, it also has NDTV and Naukri. Its partners include Airtel, Idea Cellular, BSNL, Spice, Tata Indicom and Vodafone.

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Tanla is based in Hyderabad, with offices in London, New York, Dubai, Singapore, Dublin and Colombo. It was founded in 1999 by Uday Reddy. Former Bharti Airtel COO N.V.Subba Rao is President & CEO of its subsidiary Tanla Mobile Inc. The company added six new customers last quarter. In the same quarter last fiscal, it had launched bulk SMS services in India. Tanla has connectivity agreements with all operators in Spain, South Africa, Dubai and Singapore.

Its acquisitions so far are:

– A UK-based telecom services firm
– Tanla’s Singapore subsidiary acquired 85% in Finland-based Openbit Oy for $15.81 million in June 2008.
– An Indian software development firm (mentioned in the company’s  Q109 results and Linkedin group)


Tanla And Zed To Invest Rs. 63 Crores In 50:50 Indian JV; Implications

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