Route Cellular Ltd. – CPaaS Participant

Route Cellular Ltd (Route), included in 2004, is a Mumbai headquartered main Cloud–communication platform supplier, catering to enterprises, over-the-top (OTT) gamers and Cellular community operators. Route is without doubt one of the most outstanding and largest CPaaS (cloud communication platform as a service) gamers on the planet, particularly in Asia, Africa & the Center East. Route has ~700+workers and has served greater than 30,000 purchasers, since inception. They’ve entry to 900+ networks throughout the globe, 265+ direct connections to Telecom operators and 2500+ lively month-to-month billable purchasers. Route Cellular is headquartered in Mumbai, India with a world presence within the Asia Pacific, Center East, Africa, Europe, and the Americas.

Valuation

Route Cellular’s skilled promoters and administration staff, lengthy monitor document of operation, established market place in Software to Individual (A2P) messaging phase and tie up with telecom gamers working in India supplies robust incomes visibility going ahead. Firm’s robust capital construction with sturdy debt protection indicators and powerful liquidity place brings constructive view on the inventory. Therefore, we advocate an ACCUMULATE ranking within the inventory with the goal value (TP) of Rs.1595, 45x FY24E EPS.

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