Route Mobile On Track To Achieve $1 Billion Revenue Goal In Three Years, Says New Management

Route Mobile is on track to achieve its target of becoming a billion-dollar revenue company in the next three years, its new management has reiterated. Route Mobile's parent company, Proximus Group, on Dec. 17 announced the creation of a new entity, Proximus Global, to integrate BICS, Telesign, and Route Mobile under one umbrella.

With the merger, Route Mobile’s board also announced a change in management, appointing Rajdip Gupta as the managing director and Gautam Badalia as the chief executive officer. 

In a conversation with NDTV Profit, Route Mobile’s Gautam Badalia said that the merger will serve as a big opportunity for the company.

“As we stand today, we are among the top 5 large global CPaaS players already in terms of the scale of operations, and that endeavour will be to kind of grow faster than the industry and kind of drive the leadership to our advantage,” Badalia said.

Echoing his sentiments, Managing Director Rajdip Gupta noted that the company is on track to achieve its revenue targets.

“I think we have given guidance that we want to achieve $1 billion in revenue three years down the line. I think that is the aspiration we still carry with us as a team, and we are working towards that,” he said.

Gupta noted that the partnership with Proximus Global and the deals in the pipeline that Route Mobile has will help the company achieve its targets.

“With this kind of a large partnership, the kind of value Proximus Global can bring to Route Mobile and the kind of deals we are right now, which are there in the pipeline, will definitely lead to this vision of us to become a billion-dollar revenue company in three to four years down the line,” he said.

Talking about shorter-term growth, Badalia said that the company will see a stronger performance in the second half of the ongoing financial year.

“Last H1 we demonstrated a double-digit, 12% kind of growth rate. And considering H1 is slightly muted as compared to H2 because of the festivities around it, H2 should pan out better than H1. We will definitely be able to do better than what we did in H1 in terms of the double-digit growth,” he said.

“A lot of that growth will be on the backdrop of some of the synergies that have already started to trickle in,” the CEO added.

Shares of Route Mobile Ltd. ended 0.89% lower at Rs 1,415 apiece on Thursday, while benchmark Nifty 50 closed 1.02% down at 23,951.70 points.