Subex

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Subex Limited
Traded asNSE: SUBEXLTD
BSE: 532348
Template:LSE
IndustryTelecommunications
Founded1992; 32 years ago (1992)[1]
Founder(s)sSubash Menon
Alex Puthenchira
Headquarters
Bangalore, Karnataka, India
Number of locations
5 (India, United States, United Kingdom, Singapore and United Arab Emirates)
Area served
Worldwide
Key people
  • Vinod Kumar (CEO & MD)
  • Suresh Chintada (CTO)
  • Shankar Roddam (COO)
  • Venkatraman GS (CFO)
Websitewww.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 BSE and NSE in India.

History[edit]

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.[1] The company then started providing enterprise software services like revenue assurance, fraud detection and network analytics to telecom operators.[2] The company went public in July 1999, and got listed on the Bombay Stock Exchange and National Stock Exchange of India.[3]

In 2006, Subex acquired British firm Azure Solutions for US$140 million in a merger deal and renamed itself as Subex Azure Limited. The acquisition was then the biggest by an Indian IT company.[1] In 2007, the company acquired Syndesis, a Canadian operations support software company, for US$164.5 million.[4] The company's GDR was issued on the London Stock Exchange in March 2007.[5]

Subex's debt rose during the 2008 global financial crisis, due to the foreign currency convertible bonds (FCCBs) issued to fund the acquisitions.[6][7] In 2011, Subex sold the provisioning and activation domains of Syndesis to Netcracker Technology.[8] In 2012, Menon resigned from the company,[9] and Surjeet Singh was named the new CEO and managing director.[10] By 2016, Subex converted the FCCBs and was reported to have become a debt-free company.[11][12]

In 2018, Vinod Kumar was appointed as the CEO and managing director of Subex.[13] The company then expanded its business operations to the domains of Internet of Things (IoT) security and digital trust.[14][15][16]

References[edit]

  1. ↑ 1.0 1.1 1.2 Madhavan, Narayanan (27 April 2006). "Subex: The Asterix of India's software boom - Indian Express". Indian Express. Retrieved 14 October 2020.
  2. ↑ "Subex appoints Suresh Chintada as Chief Technology Officer". BW Businessworld. 13 October 2020. Retrieved 14 October 2020.
  3. ↑ Baburajan, K (1 July 1999). "Subex to go public on July 19; Morgan Stanley to pick up 5%". Financial Express. The Indian Express. Archived from the original on 2019-03-22. Retrieved 29 October 2020.
  4. ↑ Choudhury, Gaurav (18 January 2007). "Subex buys Canada firm for $164 m, aims high". Hindustan Times. Retrieved 14 October 2020.
  5. ↑ "SUBEX LIMITED SUBX Stock | London Stock Exchange". www.londonstockexchange.com. Retrieved 14 October 2020.
  6. ↑ Kurup, Rajesh (2 October 2012). "Subex borrowed heavily during bull run". Business Line. Retrieved 14 October 2020.
  7. ↑ Joseph, Lison; John, Satish (26 January 2010). "Subex charts recovery path after disastrous acquisition". Livemint. Retrieved 14 October 2020.
  8. ↑ Philipose, Mobis (20 September 2011). "Subex remains on the edge even after selling activation business". Livemint. Retrieved 14 October 2020.
  9. ↑ Dharamkumar, Rohin (8 November 2012). "The Rise And Fall Of Subex Founder Subash Menon". Forbes India. Retrieved 14 October 2020.
  10. ↑ Kurup, Rajesh (5 October 2012). "Surjeet Singh is Subex new MD, CEO". Business Line. Retrieved 14 October 2020.
  11. ↑ Mohapatra, Debasis (9 January 2019). "Subex launches CrunchMetrics, forays into fintech, retail and e-commerce". Business Standard. Retrieved 14 October 2020.
  12. ↑ Ganesh, Venkatesh (25 May 2016). "After reducing debt, Subex looks at new business opportunities". Business Line. Retrieved 14 October 2020.
  13. ↑ "Subex appoints Vinod Kumar as CEO". Business Standard. 21 March 2018. Retrieved 14 October 2020.
  14. ↑ Ananthraj, Vignesh (5 March 2020). "Digital trust, deep learning, IoT security to drive next phase of growth at Subex". Techcircle. Retrieved 14 October 2020.
  15. ↑ Christopher, Nilesh (14 November 2018). "Subex sets eyes on IoT security business, says it is on growth path". The Economic Times. Retrieved 14 October 2020.
  16. ↑ "Subex Ltd". Business Standard India. Retrieved 14 October 2020.
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