Route Mobile re-designates Mr. Rajdipkumar Gupta as MD, and appoints Gautam Badalia as CEO

Route Mobile announced today that its Board of Directors has redesignated Rajdipkumar Gupta as the Managing Director ('MD') of the Company (upon ceding the role of Group CEO) effective December 17, 2024; he shall continue to be considered as Whole-time Key Managerial Personnel (KMP) of the Company. All other terms of his appointment as earlier approved by the Board and the Shareholders remain unchanged. While the company's business operations now significantly expanded across regions, Mr. Gupta would now focus extensively on leveraging Proximus Global's (Group) strengths in terms of global reach and product diversity to accelerate the growth trajectory for Route Mobile in particular and for the Group as a whole. He is well poised to drive such initiatives owing to his deep domain expertise across the entire value chain - Enterprises, Telcos, as well as with the system integrators/partners.

Further, Route Mobile also elevated Mr. Gautam Badalia, as the Chief Executive Officer ['CEO'] & as KMP (erstwhile Group Chief Strategy Officer) of the Company effective December 17, 2024. In this new role, Mr Badalia, with his extensive experience in CPaaS and his rich experience in strategy and corporate finance, will be responsible for driving the overall operations of the Company including driving strategic initiatives to accelerate the growth and profitability. He will continue to work closely with Mr. Gupta to convert the Group's strategic initiatives into beneficial tangible outcomes for Route Mobile. This would render more comprehensiveness to the management team and thereby bring a more focused approach in taking the Company into its next phase of sustainable and profitable growth.

Commenting on the aforesaid appointments, Mr. Guillaume Boutin, Chairman of the Board said, "I am excited to strengthen the Route Mobile and Proximus Global leadership with the appointments to Route Mobile's and Proximus Global's leadership teams. This marks an important step in the expansion of Route Mobile's domestic successes into global ambitions. Route Mobile will play a pivotal role in leveraging the combined strengths within Proximus Global through Rajdip & Gautam, to create a global digital communications leader, while maintaining continued focus on its emerging market dominance."

Mr. Rajdipkumar Gupta has been associated with the Company since inception when founded the company in 2004, and notably as MD & Group CEO of Route Mobile from 2017 onwards. Over the years, Mr. Rajdipkumar Gupta has been instrumental in scripting the phenomenal growth and global success of the Company. Mr Gupta bootstrapped Route Mobile with a seed capital of ₹100,000 and over the next 20 years transformed Route Mobile into a transnational entity with operations spread across Asia Pacific, Middle East and North Africa, Africa, United Kingdom ("UK"), United States of America ("USA") and Latin America ("LATAM"), with a direct presence in more than 22 countries as on date. Mr Gupta has a 'bachelor's degree in science (Physics) & 'a master's diploma in software engineering' with more than 25 years of experience in 'software designing and development', 'information technology', HTML & Javascript, and 'server page programming'. He has deep insights into the global Communications Platform-as-aService ("CPaaS") and 'the cloud communication' industry as well as an understanding of value creation through his background in leading business and strategy roles. Post-acquisition by Proximus S.A. of Belgium of a majority stake, Mr Gupta continued to serve as the MD & Group CEO and CPaaS lead for the Group, across the globe.

Gautam Badalia is the Chief Executive Officer. He has over 20+ years of experience handling functions across strategy, investment banking, mergers and acquisitions and structured finance. He is responsible for driving the overall operations of the Company including driving strategic initiatives to accelerate growth and profitability. He will also continue to work closely with the Proximus Group to reap synergies for Route Mobile. This would render more comprehensiveness to the management team and thereby bring a more focused approach to taking the Company into its next phase of sustainable and profitable growth. Before joining our Company, he worked with YES Bank Limited. He holds a bachelor's degree in economics and a master's degree in business administration (finance). In his stint with Route Mobile over the last 8 years, he was responsible for formulating corporate strategies as well as their disciplined execution and leading various other strategic initiatives, including M&A, transformation and cost reduction to support the long-term growth of our Company and enhance shareholders value. He oversaw Route Mobile's IPO and listing in 2020, followed by QIP in 2021 and buyback in 2022. He also led several domestic and international acquisitions strengthening Route Mobile's leading positioning in the CPaaS industry internationally, ensuring a truly global network of operations and accessibility for enterprises.

Shares of ROUTE MOBILE LIMITED was last trading in BSE at Rs. 1432.80 as compared to the previous close of Rs. 1428.00. The total number of shares traded during the day was 2136 in over 317 trades.

The stock hit an intraday high of Rs. 1435.50 and intraday low of 1420.05. The net turnover during the day was Rs. 3050982.00.

Source : Equity Bulls

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ROUTEMOBILE INE450U01017 Rejig Redesignation MD CEO