Dear Shareholders,
It is with great pride and excitement that I present to you the 30th
Annual Report for FY 2024-25 of C.E. Info Systems Limited (MapmyIndia) a year that marks
not just a milestone in numbers, but a celebration of vision, growth, and global ambition.
First and foremost, a heartfelt thank you to all our stakeholders for
your unwavering support. Your belief in our mission to bring the power of digital maps and
location-based technologies to every corner of society fuels our journey forward.
We're proud to say that our cutting-edge products and platforms continue to align
with our vision and deliver tangible value to the markets we serve.
Driving Forward with Purpose
In June 2023, we laid out a bold 5-year roadmap, identifying our four
key customer segments Automotive, Enterprise, Government, and Mobility as pillars of
growth. I'm thrilled to report that we've seen consistent traction across all
these sectors. We're not just growing we're evolving, powered by innovation and
long-term thinking.
And speaking of innovation, we've made strategic investments in
forward-looking technologies from drones and AI to digital twins ensuring we're not
just part of the future but actively building it.
Going Global: Our JV with Hyundai AutoEver
2024 was a defining year for our aspirations. In partnership with
Hyundai AutoEver, we established PT Terra Link in Jakarta, Indonesia, a joint venture
aimed at transforming the automotive landscape in Southeast Asia. MapmyIndia invested USD
4 Million for a 40% stake in this joint venture. With Hyundai Kia as a strategic initial
customer, we expect multimillion-dollar revenue over the next five years, starting FY26.
The foundation is strong, and our ambitions are sky-high.
Consumer Power: 30 Million+ Mappls App Downloads
Our consumer app, Mappls, is gaining incredible traction, crossing the
30 million downloads mark! This isn't just a number it's a thriving community.
By engaging with users directly, we're enriching our data and creating immense value
for our B2B customers. With 9 new language launches, we're getting even closer to
India's diverse population.
Smart Investments: Seizing the Tech Frontier
We made a bold move by investing 19.84% in Kaiinos Geo Spatial
Technologies Pvt. Ltd., a company pushing boundaries in GIS strategy and execution. This
venture places us at the forefront of sunrise technologies like Digital Twins and Digital
Transformation, ensuring we lead where others follow.
Our core technology triad Maps, IoT, and Digital Transformation
continues to be our innovation engine. Rock-Solid Performance Let the numbers speak:
• Total Income: 515.7 Cr. in FY25 a 23% YoY growth
• Operating Revenue: 463.3 Cr. In FY25 a 22% YOY growth
• Operating Profit (EBITDA): 179.9 Cr. up 15% YoY
• Net Profit (After-Tax) : 147.6 Cr. 10% YoY growth
• Open Order Book (April 1, 2025): 1500 Cr. 10% growth YoY
• Cash and Equivalents: 659.9 Cr.
We now proudly serve over 1,000 customers, up from 880 a year ago.
These achievements give us both confidence and clarity the growth we are witnessing is
sustainable and strategic.
Leadership Transition: A Salute to Excellence
I'd like to take a moment to extend heartfelt appreciation to
Rohan Verma, who has served as our dynamic and visionary CEO for the past five years.
His leadership has been instrumental in shaping MapmyIndia into the
technology powerhouse it is today.
As we enter an exciting new phase of growth, we're sharpening our
focus on high growth potential sectors. Our government business where we see tremendous
opportunity ahead will now be led through our wholly owned subsidiary, Vidteq, which has
been rebranded as Mappls DT. This reflects our commitment to accelerating initiatives in
Digital Transformation, Digital Twin, and Defence Technologies for the
public sector. To scale this high-growth vertical, I'm proud to share that Rohan
Verma has been appointed as Managing Director of Mappls DT, effective 1st April 2025.
Nikhil Kumar has been entrusted with the role of President & Executive Director at
Mappls DT. To re-energize the IoT business, Rohan has been appointed as Managing Director
at Gtropy Systems Pvt. Ltd. with a clear mandate to unlock the immense potential of the
IoT market and spearhead the next phase of growth.
UnderMapmyIndia,theparentcompany,I'mpleased to share that Sapna
Ahuja has been appointed as President of our Automotive Business, in addition to her
current role as Chief Operating Officer at MapmyIndia. Ankeet Bhat takes on the mantle as
President of Enterprise Business. All the above key leadership appointments are effective
1st April, 2025.
With Sapna and Ankeet now spearheading two of our most dynamic growth
verticals and alongside the unwavering vision and innovation of Mrs. Rashmi Verma, our
CTO, Executive Director & Co-Founder we are all geared up for the exciting times
ahead.
Together, this exceptional leadership team fuels my deep sense of
purpose and pride as I continue to lead this transformative journey as your Group Chairman
and MD of MapmyIndia, our pioneering and passionate parent company.
The Passion Behind
At the heart of everything we do is our employees the true catalysts of
our success. They don't just work at MapmyIndia they live it. With a culture built on
empowerment and trust, and initiatives like ESOPs that let every team member grow with the
company, we've nurtured not just a workforce, but a deeply committed family. What
began as the founders' relentless drive has now ignited across the organization.
Today, every employee breathes innovation, dreams in maps, and is fiercely determined to
shape a smarter, more connected world one location at a time.Innovation Spotlight –
Our Driving Force of Progress At MapmyIndia, innovation isn't just a valueit's
our heartbeat. Since day one, we've been a deep tech powerhouse, constantly pushing
boundaries to solve real-world problems with smart, scalable solutions. Our relentless
focus on both Business
Innovation and Tech Innovation fuels our mission to make a meaningful
difference for our customers. It's this unwavering spirit of innovation that has
shaped our journey so far—and it's what will propel us to even greater heights.
With cutting-edge technologies and a bold vision, we're geared up to shape the future
and march ahead.
A Heartfelt Thanks
As we look ahead, I want to extend my deepest gratitude to:
Our board of directors for their insightful guidance
Our employees and management teams who strive for excellence every day
Our customers, users, partners, and shareholders for their trust and
collaboration
We've managed to tackle industry-wide challenges especially
attrition through employee engagement, upskilling, and a strong focus on retention. Our
people remain our greatest asset.
Looking Ahead: A Future Full of Possibilities
The road ahead is full of promise. Together, we're not just
building a company we're shaping the future of smart mobility, digital mapping, and
intelligent systems. Here's to charting new territories, breaking new ground, and
reaching greater heights. With gratitude and anticipation,