Industry Updates

Tanla Announces First Tax Transparency Report FY’23, to Demonstrate Commitment to Better Governance

Published: August 4, 2023
Author:

At Tanla, we have a defining purpose ‘Empower Consumers and Enable Companies‘. We have always operated in a manner where our business model goes beyond delivering our financial objectives and delivered social and ethical outcomes. Our approach to tax is guided by the same philosophy. We recognize that a responsible approach towards taxation is a fundamental aspect of our ESG journey. We have a consistent approach to tax across all jurisdictions. Our approach to tax is guided by the following:

100% compliance with tax regulations and reporting requirements

Taxation that is consistent with underlying economic activities and value creation

Contemporaneous and detailed documentation

Robust tax risk management and governance

Strong code of conduct to implement the best business, commercial and legal practices

Nurturing the ecosystem we operate in to be tax compliant

Uday Reddy, Founder Chairman & CEO, Tanla Group

“Tanla has delivered incredible financial performance and shareholder value over the years. What gives me immense satisfaction is the impact we create on the society. Our business model enables us to secure the digital citizens of India and beyond, while contributing around INR 9 billion in terms of taxation and economic contribution to public finances globally. We have been significantly increasing our disclosures to investors and our first Tax Transparency report is another step towards increased transparency and disclosures. Our promise is that we will continue to enhance our disclosures and there is more to come,”Uday Reddy, Founder Chairman & CEO, Tanla Group.

Tanlas robust commitment to tax compliance and risk management is demonstrated in our dedication to regulatory adherence across all operating jurisdictions. Our forward-looking approach to tax advocacy, zero-tolerance policy, internal code of conduct and ethics, solidify efforts to maintain the highest standards of integrity and accountability.

“Tanla is the undisputed CPaaS industry leader in India with over 35% market share. Our market leadership is driven by incredible innovation and customer obsession, backed by strong financial discipline. I am a firm believer that Governance is the bedrock of sustainable value creation. At Tanla, we look at Tax as a responsibility rather than as an expense. It is a source of pride that we have increased our tax contribution across the globe by 17% YoY in FY’23,” Aravind Viswanathan, Chief Financial Officer, Tanla Group.

To read the Tax Transparency Report click bit.ly/TTRFY2023

About Tanla

Tanla transforms the way the world collaborates and communicates through innovative CPaaS solutions. Founded in 1999, it was the first company to develop and deploy A2P SMSC in India. Today, as one of the world’s largest CPaaS players, it processes more than 800 billion interactions annually and about 63% of India’s A2P SMS traffic is processed through Trubloq, making it the world’s largest Blockchain use case. Wisely, our patented enterprise grade platform offers private, secure, and trusted experiences for enterprises and mobile carriers. Tanla Platforms Limited is headquartered in Hyderabad. Tanla is listed on two national exchanges, the NSE and BSE, (NSE: TANLA; BSE:532790) and included in prestigious indices such as the Nifty 500 and BSE 500, Nifty Digital Index, FTSE Russell and MSCI.

Safe Harbour

This document contains “forward-looking” statements, and these statements involve substantial risks and uncertainties. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, expectations of future operating results or financial performance, market size and growth opportunities, the calculation of certain of our key financial and operating metrics, plans for future operations, competitive position, technological capabilities, and strategic relationships, as well as assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. In some cases, you can identify forward-looking statements by terminology such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “plan,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” and variations of these terms or the negative of these terms and similar expressions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all.

Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors. If the risks or uncertainties ever materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. We assume no obligation and do not intend to update these forward-looking statements or to conform these statements to actual results or to changes in our expectations, except as required by law.

This document contains statistical data, estimates and forecasts that are based on independent industry publications or other publicly available information, as well as other information based on our internal sources. This information involves many assumptions and limitations, and you are cautioned not to give undue weight to these estimates. We have not independently verified the accuracy or completeness of the data contained in these industry publications and other publicly available information. Accordingly, we make no representations as to the accuracy or completeness of that data nor do we undertake to update such data after the date of this document.

By receiving this document, you acknowledge that you will be solely responsible for your own assessment of the market and our market position and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of our business.

Any logos or trademarks (other than Tanla, Karix, Gamooga. Trubloq & Wisely) included herein are the property of the owners thereof and are used for reference purposes only.

For further information, you may write to: marketing@tanla.com

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