Tanla Platforms Limited has informed the Exchange about Incorporation of new step down subsidiary Karix Mobile LLC.
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Tanla Platforms has set up a new step-down subsidiary called Karix Mobile LLC in the Kingdom of Saudi Arabia, incorporated on June 19, 2025. This new entity will be 70% owned by Karix Mobile Private Limited, which is already a wholly owned Indian subsidiary of Tanla. The initial investment is a cash subscription of SAR 350,000 (about ₹78 lakh) towards the share capital. The new subsidiary will operate in the CPaaS (Communication Platform as a Service) space, focused on expanding Tanla's communication services business into the Middle East. The subsidiary is newly formed and has not yet commenced business operations. Promoters and group companies have no separate interest in this entity beyond the stated subsidiary structure.
This is a small, strategic overseas expansion into the Middle East market through a newly created vehicle, so the immediate financial impact is minimal. For shareholders, it signals Tanla's intent to grow its CPaaS business internationally, which could be a positive long-term move if the Saudi market delivers, though the new entity has yet to start operations and contribute revenue.