Subex Limited Incorporated in 1992 by Subash Menon, Subex is the leading global provider of Operation Support System solutions (OSS) with a mission to empower communication service providers to achieve competitive advantage and deliver new service experiences to subscribers.
With a start up capital of Rs 20,000 in 1992, it has won a client list that includes 32 of the world’s 50 largest telecommunications service providers within a period of 17 years. It has more than 300 installations across 70 countries worldwide. Subex migrated into the software space in 2000.
It is organized into three distinct business units namely: Revenue Maximization Solutions BU, Fulfillment and Assurance Solutions BU (formerly Syndesis) and BT Business BU.
The company pioneered the strategic concept of the Revenue Operations Center — a centralized and integrated infrastructure for end-to-end monitoring, measurement and control of the operator’s revenue chain — to foster operational dexterity and, hence, sustained profitability.
Subex offers a wide range of solutions namely Revenue Assurance, Fraud Management, Credit Risk Management, Interconnect Billing, Interparty Management, Route Optimization and Cost Management.
Acquisitions:
- 2001- Acquired Canada based Magardi Inc,
- 2004- Acquired Alcatel FMS Biz , Lightbridge FMS business,
- 2006- Acquired Azure Solutions, UK
- 2007- Acquired Syndesis , Canada
Milestones Achieved by Subex Limited:
- 2001- First international installation of FMS
- 2002- Awarded a 39M 5-year contract by BT
- 2004- Became largest FMS vendor globally
- 2007- Listing on London stock Exchange; Market Ccapitalisation of $600 million
- 2011
Subex Completes successful implementation of its ROC TM Revenue Assurance Solution for leading South East Asian Operator””.
Subex and Swisscom presented award winning fraud model at GSMA Fraud Forum 2011.
Subex wins US$ 12 mln Revenue Operations Center (ROC) License Contract.
Subex wins Multi-Million Dollar deal from Middle East operator for Revenue Operations Centre (ROC) for complete Business Optimization.
Subex introduces Prepaid Channel Assurance solution.
Subex and Swisscom awarded the Global Telecoms Business Innovation Award 2011 for industry’s first Risk Reward Sharing Model.
2012
The company launches ROCware Product Performance Management solution.
The company launches Integrated Bypass Fraud solution.
The company Ranked Number One by Leading Industry Analyst Firm””.
The company awarded the Global Telecoms Business Innovations Awards 2012.
The company awarded 2012 Global Communications Service Provider Financial Assurance Market Share Leadership Award by Frost & Sullivan.
- 2011
- The company wins 2007 Verizon Supplier Excellence Award
- The company finalist for Billing & OSS World 2008 Excellence Award
- Chosen as one of NASSCOM’s 100 IT Innovators – 2007
- Subex Azure awarded for Successful Listing at LSE
- The company wins ISV Partner of the Year’ award from Sun Microsystems
- The company honored by AT&T as Outstanding Supplier
- Included in Deloitte & Touche’s Tech Fast 50 APAC 2006 and 2007
- Chosen as one of the 8 most innovative Indian companies by NASSCOM (India) 2005
- Winner of Best Revenue Assurance Project for KPN at the World Billing Awards 2005
- Winner of Most Promising Company award at Billing and OSS World Excellence Awards 2005
- Best Customer Success Story, Billing and OSS World Excellence Awards 2004
- Product of the Year, Communications Solutions Magazine 2003
- Internet Telephony Product of the Year 2003
- Best New Product, OSS Excellence Awards 2003
- Operational Excellence, OSS World Excellence Awards 2003
- SBC Supplier Recognition Award, Customer Service 2003
- Tele Management Forum Operational Excellence Award 2003
- Winner of Organization with Innovative HR Practices at India HRD Congress 2002
- Best Provisioning Product, OSS World Excellence Awards 2002
- Best Customer Service, OSS World 2001
Products
Subex Limited offers a wide range of products and solutions to empower communication service providers. Here are some of their key offerings:
- Revenue Assurance: Subex’s Revenue Assurance solution helps operators identify revenue leakage, minimize financial exposure, and ensure accurate billing and revenue recognition.
- Fraud Management: Subex’s Fraud Management solution detects and prevents fraudulent activities, such as SIM card cloning, subscription fraud, and billing fraud, helping operators safeguard their revenues.
- Credit Risk Management: Subex’s Credit Risk Management solution enables operators to assess and mitigate credit risks associated with subscribers, ensuring credit limits are set appropriately and reducing the risk of bad debt.
- Interconnect Billing: Subex’s Interconnect Billing solution enables operators to streamline their interconnect operations, accurately calculate and settle interconnect charges, and improve revenue assurance.
- Interparty Management: Subex’s Interparty Management solution automates and streamlines partner settlement processes, facilitating accurate and timely reconciliation and ensuring transparent and efficient revenue sharing.
- Route Optimization: Subex’s Route Optimization solution helps operators optimize their network routing decisions, resulting in cost savings, improved call quality, and enhanced customer experience.
- Cost Management: Subex’s Cost Management solution allows operators to track and manage their costs across different areas, such as network, operations, and support functions, enabling better cost control and optimization.
These solutions are designed to help communication service providers achieve competitive advantage, mitigate risks, improve operational efficiency, and deliver enhanced service experiences to their subscribers.
Strategic Alliances:
The company has partnered with various leading system integrators and technology vendors from around the globe to offer best-in-class solutions.
Its Global System Integration Partners include Accenture, Wipro, IBM, Infosys, Siemens, and Tech Mahindra.
The Regional System Integration Partners are AMT, Business edge, TCS, Gantech Technology and its technology partners include CISCO, NEC, SUN, GE Energy, IBM, Polystar, Broad Soft etc.
Share Overview
| Promoter Owned | 0 % |
| Institution Owned | 1.00 % |
| Public/Others | 99.00 % |
| Outstanding Shares | 55.26 Cr |
| Floating Shares | 51.45 Cr |
| Floating / Outstanding | 93.10% |
| Book Value/Share | 9.48 |
| Face value | 5.00 |
Annual Income Statement of SUBEXLTD
| Period | 31_Mar_2023 | 31_Mar_2022 | Growth |
|---|---|---|---|
| Net Income From Continuing Ops | -51.21 | 20.99 | 343.97 % |
| Net Income | -51.21 | 20.99 | 343.97 % |
| Operating Income | -44.64 | 23.32 | 291.42 % |
| Total Revenue | 278.69 | 333.44 | 16.42 % |
| Operating Expense | 325.91 | 310.12 | 5.09 % |
| Interest Expense | 2.58 | 1.94 | 32.99 % |
| Tax Expense | 12.15 | 12.70 | 4.33 % |
| Income Before tax | -39.06 | 33.69 | 215.94 % |
| Gross Profit | 78.00 | 118.95 | 34.43 % |
| Dividend Paid | 0 | -13.39 | 100.00 % |
Quarterly Income Statement of SUBEXLTD
| Period | 31_Mar_2023 | 31_Dec_2022 | Growth |
|---|---|---|---|
| Net Income From Continuing Ops | -47.18 | -4.68 | 908.12 % |
| Net Income | -47.18 | -4.68 | 908.12 % |
| Operating Income | -40.58 | 1.28 | 3270.31 % |
| Total Revenue | 47.27 | 73.66 | 35.83 % |
| Operating Expense | 84.03 | 68.57 | 22.55 % |
| Interest Expense | 0.720 | 0.760 | 5.26 % |
| Tax Expense | 9.60 | 6.01 | 59.73 % |
| Income Before tax | -37.58 | 1.33 | 2925.56 % |
| Gross Profit | -2.40 | 26.23 | 109.15 % |
| Dividend Paid | 0 | 0 | % |
Balance Sheet
| Period | 31_Mar_2023 | 31-Mar-22 | Growth |
|---|---|---|---|
| Common Stock | 281.00 | 281.00 | 0 % |
| Current Liabilities | 85.77 | 75.97 | 12.90 % |
| Total Liabilities | 181.78 | 156.41 | 16.22 % |
| Current Assets | 261.49 | 296.56 | 11.83 % |
| Total Assets | 703.62 | 720.08 | 2.29 % |
| Working capital | 175.72 | 220.59 | 20.34 % |
| Accounts Payable | 12.62 | 16.72 | 24.52 % |
| Inventory | 0 | 0 | % |
| Net Receivable | 90.37 | 96.81 | 6.65 % |
Cash Flow
| Period | 31_Mar_2023 | 31_Mar_2022 | Growth |
|---|---|---|---|
| Cash EPS | -0.676 | 0.562 | 220.28 % |
| Cash From Investment Activity | 0 | -35.34 | 100.00 % |
| Cash From Financial Activity | -6.51 | -14.66 | 55.59 % |
| Cash Operational Activity | 9.25 | -8.76 | 205.59 % |
| Net Cash Flow | 2.74 | -58.76 | 104.66 % |
| NetIncome | -51.21 | 20.99 | 343.97 % |
| Capital Expenditure | 4.93 | 5.40 | 8.70 % |
| Change To Inventory | 0 | 0 | % |
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