May 2026
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Largest Communication & Collaboration Software Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Tata Communications, Tanla Platforms and Route Mobile.
 | Tata Communications Ltd is the primary provider of international and national voice and data transmission long-distance services, internet dial-up and broadband services and other value-added services. The company’s reportable segments are Voice Solutions (VS), Data and Managed Services (DMS) and Real Estate (RE). It generates maximum revenue from Data and Managed Services (DMS) segment. | $20 | +12% | $6B | $7B | 2.6x | 13.2x | ||
| Tanla Platforms Ltd is engaged in the provision of Cloud Communications for People and Things, Messaging, Voice, and IOT services. The company's only operating segment is the CPaaS service provider. Geographically, it derives a majority of its revenue from India. | $5 | -19% | $719M | $555M | 1.2x | 7.0x | ||
| Route Mobile Ltd is engaged in the business of cloud communication providers to enterprises, over-the-top players, and mobile network operators. Its products are Messaging, Enhanced Business Messaging, Identity & Verification, Voice, Email, Bespoke Solutions, Omnichannel Platform, and Other Solutions. The group provides solutions in the areas of Marketing & Sales, Customer Care, and Customer Engagement. It provides solutions to Industries such as BFSI (Finance), e-commerce, Healthcare, Telecommunications, and Hospitality. Geographically, the company operates in India and various overseas markets, from which it derives maximum revenue from overseas markets like Dubai, the United Kingdom, Nigeria, and others. | $5 | -47% | $340M | $195M | 0.4x | 3.5x | ||
| Median | $5 | -19% | $719M | $555M | 1.2x | 7.0x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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