Tanla Solutions to tap aggregator services

Tanla Solutions Ltd, provider of integrated telecom solutions and products, is eyeing the untapped aggregator services market in India.

The company also plans to expand its reach globally by entering the US and Australian markets in the coming few months.

The market for aggregator services, based on a software platform which supports multiple connections to mobile network operators and a unified connection for service providers, is still at a nascent stage in the country.

"The market in UK for aggregator services is $2 billion where we are an established player. The US market is currently estimated at $300 million while the Australian market is pegged to be around $60 million. We have plans to make new acquisitions to consolidate our presence in the US and Australian markets, " said Anoop Roy Kundal, director- operations, Tanla Solutions.

Talking about the aggregator services market in India, Kundal said, "The aggregator services market has hardly picked up in India owing to closely held telecom operators who pocket up to 70 per cent of the revenue, compared with a telecom operator in the UK who keeps 18 per cent of every pound spent. While aggregators rake in around 25- 30 per cent, the rest is passed on to the end providers."

A miniscule 0.5 per cent makes up the company's revenues from India while the rest comes from exports, a fact the company is looking to correct.

The company plans to tie up with close to 10 corporates in the country to offer aggregator services in the country shortly, said a source from the company.

In order to carry out its expansion plans, the company will be entering the capital market on December 11 this year with a public issue of 15,885,000 equity shares of Rs 2 each.