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MobME becomes first Kerala IT company to go public

Posted on Dec 12, 10:10PM | UNI

MobME Wireless, Kerala's home-grown mobile Internet company, has strongly positioned itself on India's information technology map by being the first IT company in the State to announce its Initial Public Offer (IPO).

In a fitting tribute to 12-12-12 that happens only once in century, MobME today scripted its campus-to-IPO success story in the country, thus crowning Kerala's 22-year-long IT ambition that took roots after the IT revolution sometime in 1990, Technopark CEO K G Girish Babu said here today.

A bunch of youngsters, who six years back bunked classes, raised capital by selling mobile SIM cards and recharge coupons to friends and dreamt big by floating MobME from the campus, today came back to their alma mater - College of Engineering, Thiruvananthapuram (CET) - to make this historic announcement.

Mr Sanjay Vijayakumar MobME co-founder and CEO said 'This moment screams out loud as a new breed of entrepreneurs is setting sail from the shores of Kerala. We have set aside a seaside village called 'Startup Village' to help teams from Kerala to undertake this journey over next six years. IT revolution globally has been driven by youth and we feel India will be no different.'