Route Mobile announced that its wholly-owned subsidiary, Route Mobile (UK), UK has incorporated a subsidiary, 'Send Clean INC.', in Delaware, USA.
Send Clean INC has been incorporated with effect from 7 July 2021. It is a wholly-owned subsidiary of Route Mobile (UK). Route Mobile (UK) has subscribed 1,000 shares of Send Clean INC at $1 per share (cash consideration).Send Clean will be involved in the business of AI-enabled cloud based email marketing platform and market automation. This new entity formation is expected to further strengthen the company's organic growth strategy.
Route Mobile reported 139.8% jump in consolidated net profit to Rs 35.47 crore in Q4 FY21 as against Rs 14.79 crore in Q4 FY20. Net sales during the quarter increased 36.4% year-on-year (Y-o-Y) to Rs 362.44 crore.
Route Mobile is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO).
Shares of Route Mobile lost 0.44% to Rs 2,069.25 on BSE. The stock hovered in the range of Rs 2,065.80 to Rs 2,099 so far.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app