April 16, 2014 3:39 AM ET

Wireless Telecommunication Services

Company Overview of MobME Wireless Solutions Limited

Company Overview

MobME Wireless Solutions Limited, a telecom solutions company, provides customized products and services using mobile communications technology in India. It offers value added services (VAS) over text, voice, and data to telecom service providers and their subscribers. Its network VAS product portfolio includes ZULO (Zero-User-Latch-On Alerts), a usage and retention tool that targets the low balance and low usage customers to send communications to them when they latch on to the network; SMS centre solution, a carrier grade messaging platform that provides telecom operators means of SMS communication to customers; unstructured supplementary service data (USSD) platforms; out bound dialer (OB...

41/3197, Bhageeratha Square

4th Floor

Kacherippady

Cochin,  682018

India

Founded in 2006

126 Employees

Phone:

91 48 4649 2646

Fax:

91 48 4401 9035

Key Executives for MobME Wireless Solutions Limited

Co-Founder
Age: 27
Co-Founder
Age: 28
Co-Founder
Chief Manager of Finance
Age: 39
Chief Operating Officer
Age: 28
Compensation as of Fiscal Year 2013.

MobME Wireless Solutions Limited Key Developments

Update on MobME's IPO

MobME Wireless Solutions Limited is likely to tap the IPO route too to raise money. MobME Wireless plans to raise INR 250 million was approved by the National Stock Exchange in April last year, 2013. Sanjay Vijayakumkar, Chief Executive Officer of MobME said, "Technically, MobME can still go ahead with the IPO by filing the Red Herring (prospectus)". He also said, "We will raise funds when there is a real need for deployment like scaling up the pilot project to commercial stage. We expect this to happen within the next 6 to 9 months".

MobME Wireless Solutions Mulls IPO

MobME Wireless Solutions Limited is seeking to launch its intial public offering (IPO) soon. MobME's plans to raise INR 250 million through IPO was approved by the National Stock Exchange (NSE) in April 2013, and it was given a timeframe of one year to launch the issue. The proposed IPO was assigned a grading of 3/5 by CRISIL.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 17, 2014
--
Private Placement
December 31, 2013
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