Subex Limited is a software development and consultation service company that serves clients mainly in the telecommunication sector. It is a leading global provider of business support systems. The company, incorporated in 1994, is a pioneer of the concept of revenue operation centre – a centralised approach intended to attain profitable growth and sustainable financial health through coordinated operational control.
The company offers solutions like fraud management, revenue assurance, inter-party, credit risk management, cost management, route optimisation and data integrity management. Its portfolio also includes scalable managed services and business optimisation.
Business operations management
Subex Limited's client base comprises over 75% of the world's top 50 telcos. The company serves clients in more than 70 countries. Subex's base for conceptualisation and development of software is Bengaluru. It has sales and support offices in the United States, UK, Canada, UAE, Singapore and Australia along with India. The company launched its initial public offer (IPO) in 1999. Subex was initially involved in the business of telecom hardware marketing but changed the focus to telecom software development in 1997. The company set up its off-shore development centre in California in 2000. The same year, it acquired IV Fourth Generation Inc, a telecom software services firm in the US for $6.7 million in an all-cash deal.
Subex developed a software ranger that offered a total telecom fraud solution based on advanced intelligent technology. It monitored and tracked all types of fraud in mobile and fixed telephony. The service was also capable of keeping a check on calls to or from 'enemy companies'
In 2001, the company approved the acquisition of assets of OUTSmart of Magardi Inc., Canada. It bagged orders of $200,000 to customise OUTsmart for different clients in the US. The company discontinued the hardware operations of its telecom division, which consisted of telecom system integration-related business.
In 2004, the company got listed on the National Stock Exchange (NSE). The company was renamed to its present name Subex Ltd from Subex Azure Ltd in 2008.
In 2011, the company won a $12 million revenue operations centre licence contract. In 2018, Subex bagged a contract from Turk Telekom.
The company announced a strategic partnership with Spire Solution for a project to secure a leading oil and gas company in the Middle East in 2021. Subex also partnered with SkyLab to provide cybersecurity solutions for the shipping industry.
Subex Ltd market capitalisation is nearly ₹2,000 crore as of December 22, 2023. Subex share price has surged over 35% in the last three years.
Subex Financial Highlights
- Revenue: Subex reported revenue of ₹310.82 crore in FY26 vs ₹292.56 crore in FY25. It showed an increase of 6.24% on a yearly basis.
- Operating Profit: Subex reported an operating profit of ₹37.49 crore in FY26 vs ₹19.82 crore in FY25. It showed an increase of 289.15% on a year-on-year basis.
- Net Profit: Subex reported a net profit of ₹28.53 crore in FY26 vs ₹31.44 crore in FY25. It showed an increase of 190.74% on a yearly basis.
Subex Quarterly Result Highlights
- Subex reported revenue of ₹84.14 crore in Jun 2026, compared with ₹80.47 crore in Mar 2026, representing an increase of 4.56% on a quarter-on-quarter (QoQ) basis.
- Subex reported an operating profit of ₹16.46 crore in Jun 2026, compared with ₹12.80 crore in Mar 2026, representing an increase of 28.59% on a quarter-on-quarter (QoQ) basis.
- Subex reported a profit of ₹14.22 crore in Jun 2026, compared with ₹9.93 crore in Mar 2026, reflecting an increase of 43.20% on a QoQ basis.
- The earnings per share (EPS) of Subex stood at ₹0.51 during Jun 2026.
Data Source: BSE, Company announcements
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