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{{Infobox company
| name = Subex Limited
| logo = Subex logo png.png
| logo_size =
| logo_alt = Subex logo
| logo_caption =
| image =
| image_size =
| image_alt =
| trade_name =
| native_name =
| type = [[Public company|Public]]
| traded_as = {{NSE|SUBEXLTD}} <br/> {{BSE|532348}} <br/> {{LSE|SUBX}}
| industry = Telecommunications
| founded = {{Start date and age|1992}}<ref name=boom>{{cite news |last1=Madhavan |first1=Narayanan |title=Subex: The Asterix of India's software boom - Indian Express |url=http://archive.indianexpress.com/news/subex-the-asterix-of-india-s-software-boom----------------/3231/0 |accessdate=14 October 2020 |work=Indian Express |date=27 April 2006}}</ref>
| founders = Subash Menon<br/>Alex Puthenchira
| hq_location =
| hq_location_city = [[Bangalore]], [[Karnataka]], [[India]]
| area_served = Worldwide
| locations = 5 ([[India]], [[United States]], [[United Kingdom]], [[Singapore]] and [[United Arab Emirates]])
| key_people = {{unbulleted list|Vinod Kumar (CEO & MD)|Suresh Chintada (CTO)|Shankar Roddam (COO)|Venkatraman GS (CFO)}}
| website = {{URL|https://www.subex.com}}
}}
'''Subex Limited''' is an Indian [[enterprise software]] company based in [[Bangalore]], which provides digital trust products to [[communication service providers]]. The company is listed on [[Bombay Stock Exchange|BSE]] and [[National Stock Exchange of India|NSE]] in [[India]].

== History ==
Subex was founded in 1992 by Subash Menon and Alex Puthenchira as a marketing company; the word "Subex" is a [[portmanteau]] of the founders' first names.<ref name=boom/> The company then started providing enterprise software services like [[revenue assurance]], [[fraud detection]] and network analytics to [[telecommunications service provider|telecom operators]].<ref>{{cite news |title=Subex appoints Suresh Chintada as Chief Technology Officer |url=http://www.businessworld.in/article/Subex-appoints-Suresh-Chintada-as-Chief-Technology-Officer/13-10-2020-330949/ |accessdate=14 October 2020 |work=BW Businessworld |date=13 October 2020 |language=en}}</ref> The company went public in July 1999, and got listed on the [[Bombay Stock Exchange]] and [[National Stock Exchange of India]].<ref>{{cite news |last1=Baburajan |first1=K |title=Subex to go public on July 19; Morgan Stanley to pick up 5% |url=http://expressindia.indianexpress.com/fe/daily/19990701/fma01065.html |accessdate=29 October 2020 |work=Financial Express |publisher=The Indian Express |date=1 July 1999|archive-url=https://web.archive.org/web/20190322064856/http://expressindia.indianexpress.com/fe/daily/19990701/fma01065.html |archive-date=2019-03-22 }}</ref>

In 2006, Subex acquired British firm Azure Solutions for {{USD}}140 million in a merger deal and renamed itself as Subex Azure Limited. The acquisition was then the biggest by an Indian [[information technology|IT]] company.<ref name=boom/> In 2007, the company acquired Syndesis, a Canadian [[Operations support system|operations support software]] company, for {{USD}}164.5 million.<ref>{{cite news |last1=Choudhury |first1=Gaurav |title=Subex buys Canada firm for $164 m, aims high |url=https://www.hindustantimes.com/india/subex-buys-canada-firm-for-164-m-aims-high/story-m6d0WB5PdkMj0xsnvjFg3O.html |accessdate=14 October 2020 |work=Hindustan Times |date=18 January 2007 |language=en}}</ref> The company's [[Global depository receipt|GDR]] was issued on the [[London Stock Exchange]] in March 2007.<ref>{{cite news |title=SUBEX LIMITED SUBX Stock {{!}} London Stock Exchange |url=https://www.londonstockexchange.com/stock/SUBX/subex-limited/company-page |accessdate=14 October 2020 |work=www.londonstockexchange.com}}</ref>

Subex's debt rose during the [[2008 global financial crisis]], due to the [[foreign currency convertible bonds]] (FCCBs) issued to fund the acquisitions.<ref>{{cite news |last1=Kurup |first1=Rajesh |title=Subex borrowed heavily during bull run |url=https://www.thehindubusinessline.com/info-tech/subex-borrowed-heavily-during-bull-run/article20509460.ece1 |accessdate=14 October 2020 |work=Business Line |date=2 October 2012 |language=en}}</ref><ref>{{cite news |last1=Joseph |first1=Lison |last2=John |first2=Satish |title=Subex charts recovery path after disastrous acquisition |url=https://www.livemint.com/Companies/opc05iY6PFg6LxQ9NBMX6K/Subex-charts-recovery-path-after-disastrous-acquisition.html |accessdate=14 October 2020 |work=Livemint |date=26 January 2010 |language=en}}</ref> In 2011, Subex sold the provisioning and activation domains of Syndesis to [[Netcracker Technology]].<ref>{{cite news |last1=Philipose |first1=Mobis |title=Subex remains on the edge even after selling activation business |url=https://www.livemint.com/Money/b8anCTMdXKRtKqGLvgFO1H/Subex-remains-on-the-edge-even-after-selling-activation-busi.html |accessdate=14 October 2020 |work=Livemint |date=20 September 2011 |language=en}}</ref> In 2012, Menon resigned from the company,<ref>{{cite news |last1=Dharamkumar |first1=Rohin |title=The Rise And Fall Of Subex Founder Subash Menon |url=https://www.forbesindia.com/article/boardroom/the-rise-and-fall-of-subex-founder-subash-menon/34109/1 |accessdate=14 October 2020 |work=Forbes India |date=8 November 2012 |language=en}}</ref> and Surjeet Singh was named the new CEO and managing director.<ref>{{cite news |last1=Kurup |first1=Rajesh |title=Surjeet Singh is Subex new MD, CEO |url=https://www.thehindubusinessline.com/info-tech/surjeet-singh-is-subex-new-md-ceo/article20510998.ece1 |accessdate=14 October 2020 |work=Business Line |date=5 October 2012 |language=en}}</ref> By 2016, Subex converted the FCCBs and was reported to have become a debt-free company.<ref>{{cite news |last1=Mohapatra |first1=Debasis |title=Subex launches CrunchMetrics, forays into fintech, retail and e-commerce |url=https://www.business-standard.com/article/companies/subex-launches-crunchmetrics-forays-into-fintech-retail-and-e-commerce-119010901186_1.html |accessdate=14 October 2020 |work=Business Standard |date=9 January 2019 |language=en}}</ref><ref>{{cite news |last1=Ganesh |first1=Venkatesh |title=After reducing debt, Subex looks at new business opportunities |url=https://www.thehindubusinessline.com/info-tech/after-reducing-debt-subex-looks-at-new-business-opportunities/article8646356.ece |accessdate=14 October 2020 |work=Business Line |date=25 May 2016 |language=en}}</ref>

In 2018, Vinod Kumar was appointed as the CEO and managing director of Subex.<ref>{{cite news |title=Subex appoints Vinod Kumar as CEO |url=https://www.business-standard.com/article/pti-stories/subex-appoints-vinod-kumar-as-ceo-118032100677_1.html |accessdate=14 October 2020 |work=Business Standard |date=21 March 2018}}</ref> The company then expanded its business operations to the domains of [[Internet of Things]] (IoT) security and digital trust.<ref>{{cite news |last1=Ananthraj |first1=Vignesh |title=Digital trust, deep learning, IoT security to drive next phase of growth at Subex |url=https://www.techcircle.in/2020/03/05/digital-trust-deep-learning-iot-security-to-drive-next-phase-of-growth-at-subex-vinod-kumar |accessdate=14 October 2020 |work=Techcircle |date=5 March 2020}}</ref><ref>{{cite news |last1=Christopher |first1=Nilesh |title=Subex sets eyes on IoT security business, says it is on growth path |url=https://economictimes.indiatimes.com/tech/ites/subex-counts-on-iot-to-chart-its-rebound/articleshow/66601299.cms |accessdate=14 October 2020 |work=The Economic Times |date=14 November 2018}}</ref><ref>{{cite news |title=Subex Ltd. |url=https://www.business-standard.com/company/subex-14155/information/company-history |accessdate=14 October 2020 |work=Business Standard India}}</ref>

== References ==
{{reflist}}

[[Category:Telecommunications companies of India]]
[[Category:1992 establishments in Karnataka]]
[[Category:Companies based in Bangalore]]
[[Category:Telecommunications companies established in 1992]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Subex - Revision history

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