Mapmyindia

MapmyIndia Q3FY25 results: PAT rises 4% to Rs 32.3 cr, revenue up 24.5%

CE Info Systems, the parent company of MapmyIndia, on Tuesday reported a 4 per cent rise in consolidated net profit to Rs 32.3 crore for the quarter ended December 2024. Its revenue from operations rose 24.5 per cent year-on-year to Rs 114.5 crore in Q3 FY25. MapmyIndia Chairman and Managing Director Rakesh Verma said: "In Q3 FY25, we successfully operationalised the joint venture with Hyundai Autoever in Indonesia, marking an important step in expanding our global footprint". As part of the company's long-term strategy, both the Mappls App and brand will continue to be an integral part of the organisation, Verma added. In terms of profitability, its EBITDA for Q3 FY25 was about Rs 42 crore compared to Rs 36 crore in Q3 FY24. "We will continue to prioritise the Mappls App as a key strategic asset while we will calibrate the costs associated from Q4 onwards," the company said in its earnings release. In Q3 FY25, Consumer Tech and Enterprise Digital Transformation (C&E) revenue ...

Here's why MapmyIndia share price dropped 5% on December 10, details here

The fall in MapmyIndia share came after the board of the company said that it has scrapped plans to invest in a company being set up by its outgoing CEO after receiving investor feedback

Stocks to Watch on Dec 10: Vi, Metropolis, MapmyIndia, TaMo, LIC, PFC

Stocks to Watch on Dec 10: From Vodafone Idea (Vi) to Tata Motors, here is a list of stocks that will remain in limelight today

MapmyIndia parent scraps plan to invest in outgoing CEO's firm, shares rise

MapmyIndia powers Apple Inc's maps in the country and garners 99 per cent of its revenue from providing map-related services to other businesses

MapmyIndia slips 12% in 2 days as Rohan Verma exits as CEO to float new co

Rohan Verma's departure as CEO to set up a new venture could create a leadership vacuum, according to analysts

Here's why shares of MapmyIndia operator C.E. Info Systems slipped 4% today

In the new company, Rohan will hold a 90 per cent stake while the balance 10 per cent will be with MapmyIndia

C.E. Infosystems partners with Zoomcar; share price rises 3%

The collaboration will enable users to seamlessly book a Zoomcar and plan their trips on the Mappls App

Sent legal notice to MapmyIndia but didn't get reply: Ola founder

Ola Co-Founder Bhavish Aggarwal has rejected claims of copying MapmyIndia, saying the map company was attempting to ride on Ola Electric's listing coattails. The Chairman and Managing Director of Ola brand owner ANI Technologies told PTI that the company has sent legal notice to MapmyIndia but hasn't received any reply from them. "Empty vessels make more sound. These people woke up suddenly someday. Ola Electric is not even in the maps business. In the run-up to Ola electric IPO they just wanted to ride on its coattails. We have also given them legal notice, their reply has not come till date," Aggarwal said. Ola Electric got listed on the bourses on August 9. The company raised Rs 5,500 crore from its initial public offering. MapmyIndia had sent them notice on July 23-- three days before the red-herring prospectus was filed by Ola Electric. Homegrown digital navigation firm MapmyIndia has questioned claims of Ola parent ANI Technologies on developing a navigational map of India a

MapmyIndia CEO calls Ola Maps a gimmick, warns people to be cautious

Homegrown digital navigation firm MapmyIndia has questioned claims of Ola-parent ANI Technologies on developing a navigational map of India and called the announcement a "gimmick". In the first interview with PTI after sending a legal notice to Ola Electric, MapmyIndia CEO and Executive Director Rohan Verma questioned Ola's claim that the map has been supplied by a startup Geospoc Pvt Ltd, which was acquired and became a subsidiary of ANI Technologies, based on its financial records as developing a digital navigational map of large country like India requires huge investments and expertise. Verma denied any risk to the company's business due to Ola Maps as its quality is not good. "We don't see a business risk, because we don't see a good product coming from there. People are complaining left, right and centre, about their (Ola) updated cab app, their updated electric vehicle app, that their maps are pathetic and causing users problems. Everybody knows that these are more ...

MapMyIndia accuses Ola Electric of data theft for maps, sends legal notice

MapMyIndia's legal notice alleges Ola's activities breach the 2021 agreement's terms, which specifically forbid co-mingling and reverse engineering as per Intellectual Property regulations

MapMyIndia accuses Ola Electric of copying mapping data | Ola electric IPO

MapmyIndia share's 11% fall today has links with Google Maps. Explained

MapmyIndia shares fall 11% today: According to reports, Google has announced its decision to slash the pricing of Google Maps Platform by as much as 70 per cent from August 1, 2024

Block deal: CE Info Systems drops 6% as promoter likely sells 1% stake

Shares of CE Info Systems dropped by 6 per cent at Rs 2,271 per share on the BSE in Wednesday's intraday trade.

MapmyIndia founders set up new AI data analytics, consulting firm ClarityX

Digital navigation firm MapmyIndia founders have set up new entity ClarityX, which will operate in the domain of AI-based data analytics and consulting services, a top company official said. MapmyIndia Co-Founder and CMD Rakesh Verma, who has founded the new firm, revealed that MapmyIndia initially started as a data analytics company and with ClarityX, the founders want to start afresh with their vision around the data analytics and consulting services associated with it. "In the 90s when we started MapmyIndia, it was initially in the business of data analytics but the navigation part picked up well. "We are now setting up an AI-driven data analytics and consulting company ClarityX which is independent of MapmyIndia, and will provide to all enterprises, including MapmyIndia as a partner," Verma said. Further, he said, "MapmyIndia does not hold any stake in ClarityX." ClarityX has started operations in partnership with MapmyIndia. "We see ClarityX as an Indian alternative to globa

MapmyIndia freezes at 20%, hits record high on heavy volumes

A combined 3.64 million shares, representing 6.72% of total equity of MapmyIndia, have changed hands on the NSE and BSE till 11:54 am

CE Info Systems shares rise 6% on strong Q4 performance

The software products company's net profit zoomed 36 per cent on a year-on-year (Y-o-Y) basis to Rs 38 crore in the March quarter of FY24, from Rs 28 crore in the March quarter of FY23

MapmyIndia board approves Rs 500 cr fundraise plan by way of QIPs

MapmyIndia board has approved the company's plan to raise Rs 500 crore, Homegrown navigation services firm said in a regulatory filing on Monday. CE Info System, which operates under the brand name of MapmyIndia, will need to seek shareholders' nod and other statutory approval before fundraise through equity dilution. The company said the board has approved "raising of funds by way of issuance of such number of equity shares having a face value of Rs 2 each of the company (equity shares), for an aggregate amount not exceeding Rs 500 crore or an equivalent amount thereof by way of Qualified Institutional Placement (QIP) in accordance with the applicable laws". The company's board also approved constitution of a committee for all matters relating to the fundraising through QIP.

Mark Mobius-backed MapMyIndia stock doubles as mapping services grow

Shares of MapmyIndia, formally known as CE Info Systems Ltd., have risen about 104 per cent from the end of March, adding around $675 million in market value

MapmyIndia soars 11% on heavy volumes; stock zooms over 100% in 6 months

The company has laid down a five-year plan wherein it aims to cross the revenue milestone of Rs 1,000 crore by FY28 reporting a CAGR of 35-40 per cent.

G20: If you need live 3D traffic updates from New Delhi, try this app

Mappls MapmyIndia, a satellite-based navigation map, can help track real-time updates on road closures and turn restrictions