Subex Share Price, Financial & Stock Analysis

Table of Contents

About Subex Ltd:

Subex Ltd is a leader in providing businesses all around the world with digital trust.

Since its inception in 1994, Subex share has assisted its clients in maximizing their earnings. With a history of providing the market with top-notch business optimization and analytics solutions, Subex is now setting the standard by enabling overall Digital Trust in its customers’ business ecosystems. Subex helps businesses accept disruptive changes and succeed with confidence in building a safe digital world for their consumers by focusing on risk reduction, security, predictability, and intelligence.

By utilizing Artificial Intelligence (AI) analytics across the data value chain, Subex helps communications service providers and enterprise customers to make quicker, better decisions through HyperSense, an end-to-end AI Orchestration platform. On a no-code platform, the solution enables people without coding experience to quickly aggregate data from various sources, turn data into insights by constructing, interpreting, and modifying AI models, and simply disseminate their results around the organization. In more than 90 countries, Subex has more than 300 installations.

Subex Company’s History

Subash Menon and Alex Puthenchira established Subex in 1992 as a marketing company; the name “Subex” is a combination of the founders’ first names. The company then began supplying telecom operators with enterprise software services such as revenue assurance, fraud detection, and network analytics. In July of 1999, the firm went public and was listed on the Bombay Stock Exchange and the National Stock Exchange of India.

Subex Limited is a major global provider of Business Support Systems (BSS) that enable communications service providers (CSPs) to achieve competitive advantage through Business Optimization – allowing them to improve operational efficiency and give customers superior service experiences. The company pioneered the Revenue Operations Center (ROC), a centralized method that ensures profitable development and financial health through integrated operational control. Their product range supports the ROC and its best-in-class solutions, such as revenue assurance, fraud management, credit risk management, route optimization, data integrity management, and interconnect/inter-party settlement.

According to Analysys Mason, Subex offers a scalable Managed Services programme and has been the market leader in Business optimization for four consecutive years (2007 2008 2009 & 2010). Credit risk management and fraud revenue assurance analytics are included in business optimization. Along with Swisscom, the company received the 2011 Global Telecoms Business Innovation Award for the industry’s first successful Risk Reward Sharing approach for Fraud Management. The organization services more than 200 customers in 70 countries. 16 of the world’s top 20 wireless carriers and 26 of the world’s 50 largest telecom service providers are their customers. The organization has around 300 locations in 70 countries. At their facilities in Bangalore, the company conceptualizes and develops software products for the telecommunications industry. They maintain support and sales operations in the United States and Canada. UK UAE India The countries of Singapore and Australia. Subex Ltd was established in 1994 as a limited liability company under the name Subex Systems. In 1996, the company was turned into a public limited company. In July of 1999, they released its initial public offering. In 1997, the company changed from marketing telecom hardware to developing telecom software.

During the 2001-02 fiscal year, the company acquired the Intellectual Property Rights, which included the software codes and licenses of OUTsmartTM, a wireline fraud management system, and INchargeTM, an inter-carrier billing verification system, from PricewaterhouseCoopers Inc, the receiver of the property assets and undertaking of Magardi Inc on behalf of Toronto-Dominion Bank and secured lenders of Magardi Inc, for a total of Rs 1589.57 lakh. In April of 2001, the company launched a new support centre in Johannesburg to accommodate its expanding presence on the African continent. eProficioTM – Electronic Business Support System (EBSS) was introduced in November 2001 at the GSM Africa conference in Cape Town, South Africa. At the 3GSM World Congress in Cannes, France, in February 2002, they also debuted their RevMaxTM revenue optimisation suite.

During 2004-2005, the company established Subex Technologies Ltd as a wholly-owned subsidiary. Throughout the year, they purchased Alcatel’s Fraud Management Group and Lightbridge’s Fraud Centurion. In addition, they released the RevMax suite during this period. In 2005-2006, the company purchased Mantas Inc.’s telecom fraud management division. During this time, the business introduced the Revenue Operations Center (ROC) concept. Additionally, they released ONtrack Subscriber Risk Management Solution during the year. The company bought Azure Solutions Ltd UK’s shares on June 23, 2006. Azure Solutions Ltd UK has two wholly-owned subsidiaries: Subex Azure (Asia Pacific) Pte Ltd and Subex Azure Inc. Following the acquisition of Azure Solutions Ltd, the company changed its name from Subex Systems Ltd to Subex Azure Ltd on June 23, 2006. The company purchased Syndesis Ltd. in Canada on April 1, 2007, a company involved in the Telecom service industry’s Service Assurance and fulfilment arena.

Following the transaction, Syndesis Ltd changed its name to Subex Americas Inc. During the 2007-08 fiscal year, Subex Ltd moved its services business, including its investments in Subex Technologies Inc, to Subex Technologies Limited, a completely owned subsidiary company, and Subex Technologies Inc became a wholly owned subsidiary of Subex Technologies Limited. During this time, the company changed its name from Subex Azure Ltd to Subex Ltd, effective December 1, 2007. Also, as of December 12, 2007, they renamed their subsidiary from Subex Azure (UK) Ltd to Subex (UK) Ltd. In April 2008, the business was awarded a contract by Fintur Group to provide Fraud Management solutions to all group entities. In May of 2008, the company introduced WiMAX-enabled Syndesis express. Rapid Mobile Solution, a compact revenue management solution, was introduced in September 2008 to help emerging operators rapidly improve revenue management capabilities and gain instant ROI.

During the 2009-2010 fiscal year, the inactive Subex Americas Inc subsidiaries namely 2101874 Ontario Inc, Subex Azure (GB) Ltd, and Subex Azure (Ireland) Limited were dissolved. Subex Azure Holdings Inc combined its two subsidiaries, Subex Azure (US) Inc and Subex Azure (Delaware) Inc, into its holding company. In May of 2011, the organisation released Version 7.0 of its market-leading Revenue Operations Centre (ROC) Data Integrity Management Solution. In June of 2011, they released version 4.1 of their market-leading Revenue Operations Center (ROC) Revenue Assurance software. The company signed an Asset Purchase Agreement with NetCracker in September 2011 to sell its Activation business. The sale of the Activation business includes the Service Fulfillment solution (NetProvisioning NetOptimizer and Vector).

In 2006, Subex bought the British firm Azure Solutions in a merger for $140 million and renamed itself Subex Azure Limited. The acquisition was the largest made by an Indian IT business at the time. In 2007, the business paid $164.5 million to buy Syndesis, a Canadian operations support software company. In March 2007, the company’s GDR was launched on the London Stock Exchange.

During the 2008 global financial crisis, Subex’s debt increased due to the issuance of foreign currency convertible bonds (FCCBs) to fund acquisitions. In 2011, Subex sold Netcracker Technology the provisioning and activation verticals of Syndesis. Menon departed from the company in 2012, and Surjeet Singh was appointed CEO and managing director. By 2016, Subex was reported to have converted the FCCBs and become debt-free.

Vinod Kumar was named CEO and managing director of Subex in 2018. The business then moved into the fields of Internet of Things (IoT) security, artificial intelligence, and digital trust. In April 2021, Subex introduced HyperSense, an enterprise cloud-native augmented analytics platform.

Top Shareholder of Subex Share

Below is a list of the top subex share holders of as of 30 August 2022.

Subex Shareholder	No. Of Shares	Share (%)
Promoter and Promoter Group	0	0
Individual share capital up to Rs. 2 Lacs (Public)	29,33,19,918	52.21
Individual share capital in excess of Rs. 2 Lacs (Public)	17,72,72,939	31.56
Bodies Corporate	2,98,34,587	5.31
HUF (Hindu Undivided Family)	2,45,96,799	4.38
(NRI) Non-Resident Indian	1,43,01,260	2.55
Institutions	52,65,024	0.94

Management Of Subex share

Below is a list of top management of Subex share as on 30 August 2022

Name	Designation
Vinod Kumar	Managing Director & CEO
Shankar Roddam	Whole-Time Director & Chief Operating Officer
Suresh Chintada	Chief Technology Officer
Sumit Agarwal	Chief Financial Officer
Asha Subramanian	Chief HR Officer
Warren Dumanski	Executive Vice President and General Manager, North America
Rohit Maheshwari	Head of Strategy & Products
Kiran Zachariah	Head of IoT Security
Suraj Balachandran	Head of Sales- EMEA & APAC
Bhavna Singh	General Counsel

Key Highlights From Subex’s Latest Quarterly Results – Q1 FY 23

August 8, 2022, Bangalore, India – Subex, a pioneer in the field of Digital Trust, has now released its consolidated financial results for the quarter ending 30 June 2022.

The period’s revenue was INR 833 million, compared to INR 788 million for the quarter ending March 31, 2022.

The EBITDA for the period was Rs 7 million, compared to Rs 10 million for the quarter ending March 31, 2022.

Profit after Tax (PAT) for the period was Rs 55 million compared to 6 million rupees for the quarter ending March 31, 2022.

The revenue for the quarter ending 30 June 2022 is INR 833 million, compared to INR 806 million for the quarter ending 30 June 2021.

EBITDA for the quarter ending June 30, 2022, is 7 million INR, compared to 162 million INR for the quarter ending June 30, 2021.

Profit after Tax (PAT) for the quarter ending 30 June 2022 is INR 55 million, compared to INR 135 million for the quarter ending 30 June 2021.

Key Milestones

HyperSense AI is listed as a representative vendor for Data Science and Machine Learning (DSML) platforms in Gartner’s ‘Market Guide for Multipersona Data Science and Machine Learning Platforms’ study.

HyperSense AI is listed in Gartner’s ‘Market Guide on AI in CSP Customer and Business Operations’ as a representative vendor for AI in CSP Customer and Business Operations.

Listed in Gartner’s “Hype Cycle for Communications Service Provider Operations, 2022” as a Sample provider for Partner Ecosystem Management.

Management’s Take

Vinod Kumar, Managing Director and Chief Executive Officer of Subex, stated that recent months have witnessed a gradual return to normalcy as social interactions have increased and travel restrictions have been abolished. During the previous quarter, we were able to increase our engagement with customers, especially in regard to new solutions, and the Q1 performance met our expectations.

Enterprises recognise the significance of democratizing AI as the relevance and applicability of AI continue to expand across many industries. This has helped HyperSense AI acquire traction, and we are currently pursuing a variety of strategic partnerships to expand our market reach.

Subex is well-positioned to assist businesses in adopting AI and data science in order to make business-level choices, as it has handled large volumes of data from diverse sources, formats, and velocities for over twenty years. With a focus on privacy, security, risk mitigation, identity, and intelligence, Subex now leverages HyperSense and its world-class software portfolio to help enterprises integrate AI-powered Trust into their digital ecosystems. Today, Subex facilitates AI-driven Digital Trust across several dimensions, such as risk reduction, identification, security, and intelligence.

Subex accomplishes this by leveraging its award-winning product suite, which consists of Business Assurance, Fraud Management, Partner Ecosystem Management, Network Analytics, Sectrio, and IDcentral – all of which have been augmented with AI. Through this AI-enabled product suite, Subex is now able to assist its customers — in the telecom industry and beyond — in ensuring development and profitability, as well as protecting their businesses and customers from potential dangers.

In addition, through HyperSense, Subex aims to ensure that enterprises can effectively use the power of AI. This goal includes empowering the next generation of AI and analytics users, and Subex is dedicated to generating one hundred thousand citizen data scientists. In conclusion, AI-driven Digital Trust is the key to success in the digital era, and Subex is leading the way by empowering organizations to fully exploit the power of AI.

FAQs On Subex

What is Subex share price and what are the returns for Subex shares?

Subex share price is INR 33.90 as of 21 September 2022. Subex stocks has provided a return of approximately -36.92% in the past 1 year as on 21 September 2022.

What are the 52-week highs and lows of Subex share ?

As on 21 September 2022:

- 52-wk high Rs 61.30
- 52-wk low Rs 18.70

What are the key metrics to analyze Subex share Price?

Key metrics to analyze Subex share price or any share price are: 52-week high, a 52-week low, 1-year return, 5-year return, etc.

Who are the peers of Subex Stocks?

Peers of Subex include Wipro, Infosys, Mindtree, L & T Infotech, etc.

What is the market cap of Subex Share ?

The market cap of Subex NSE:SUBEXLTD is 1864.3 Crore as on 21 September 2022

Interested in how we think about the markets?

Watch/hear on YouTube:

Start investing through a platform that brings goal planning and investing to your fingertips. Visit Kuvera.in to discover Direct Plans and Fixed Deposits and start investing today.

#MutualFundSahiHai #KuveraSabseSahiHai!