Latest news with #RakeshVerma
Indian Express
08-07-2025
- Business
- Indian Express
MapmyIndia becomes first to integrate DIGIPIN for more accurate location information
MapmyIndia has announced it has integrated the India Post's DIGIPIN with its Mappls app, allowing users to generate a unique 10-character alphanumeric code for any address or location with 3.8m x 3.8m grid-level accuracy directly on Mappls platform. The integration aims to address persistent challenges in last-mile delivery and location accuracy while supporting efforts by Digital India and Aatmanirbhar Bharat to expand digital infrastructure by creating universally recognised digital addresses for every citizen and business. It is now live on the MappIs app and is available to all users as well as developers for adoption across their platforms and services. DIGIPIN, developed by India Post, is a 10-character alphanumeric code for precise geolocation. The MappIs app overlays this with its MappIs Pin, which provides contextual information such as building names, floor numbers, and nearby landmarks. The dual-layer approach enables users to locate remote or previously unmapped areas using DIGIPIN on the MappIs app. It can be useful for delivery workers, emergency services, and other stakeholders. Rakesh Verma, co-founder and CMD of MapmyIndia, called the integration a 'historic stride' and emphasised that it empowers 'over a billion Indians with a digital postal address for every home and business.' 'With MappIs Pin, we're adding an intelligent layer on top of DIGIPIN that bridges the gap between the physical and digital worlds – serving every user, whether relying on GPS or otherwise,' Verma said in a press release on Monday, July 7. India Post has also embedded MappmyIndia's Map APIs in its internal systems. This means that it will use MappIs' geospatial information to 'enhance its nationwide reach and services.' This development also marks a critical moment for the use of India's indigenous NavIC satellite navigation system, as the MappIs app is built natively on it, creating an end-to-end Indian digital geospatial stack from satellite to mobile. The DIGIPIN and MappIs Pin systems are intended to improve the accuracy of addresses in sectors like logistics, public service delivery, and emergency response services. By offering standardised digital identifiers, the integration may help reduce issues related to unclear or incomplete physical addresses.
Time of India
08-07-2025
- Business
- Time of India
MapmyIndia's Mappls integrates DIGIPIN to generate digital addresses
New Delhi: Homegrown navigation firm MapmyIndia has integrated India Post 's DIGIPIN platform in its Mappls map to generate digital addresses , the company said on Monday. The postal department has developed the DIGIPIN (Digital Postal Index Number) as an open source, interoperable, geo-coded, grid-based digital address system in collaboration with IIT Hyderabad and NRSC, ISRO. "MapmyIndia Mappls -- the nation's leading digital mapping and deep-tech pioneer -- proudly joins hands with India Post to bring to life India's first comprehensive digital address system through the integration of DIGIPIN into the Mappls app platform," MapmyIndia Mappls Co-Founder and Chairman & Managing Director Rakesh Verma said in a statement. DIGIPIN generates a code or coordinates for a block size of 3.8-metre square block across India. Users are required to point pin on the DIGIPIN platform for generating the digital coordinates that can be used along with postal addresses for higher degree of accuracy. Verma said Mappls pin, along with DIGIPIN, will be able to even show the floor and even house or flat number of the digital address generator. "In areas where the Mappls PIN is not active like rural areas then, Mappls will generate PIN, making the nearest landmark as a reference point," he said.
Yahoo
31-01-2025
- Business
- Yahoo
CE Info Systems Ltd (BOM:543425) Q3 2025 Earnings Call Highlights: Strong Revenue Growth Amidst ...
Revenue for Q3 FY25: INR115 crores, 25% year-on-year growth. Revenue for First Nine Months FY25: INR320 crores, 17% increase from INR273 crores in the same period last year. EBITDA for Q3 FY25: INR42 crores, 36% margin compared to INR36 crores and 39% margin in Q3 FY24. EBITDA for First Nine Months FY25: INR122 crores, 38% margin compared to INR114 crores and 42% margin in the same period last year. Profit After Taxes (PAT) for First Nine Months FY25: INR99 crores, up from INR96 crores in the same period last year. Consumer Tech & Enterprise Revenue for Q3 FY25: INR65 crores, 39% year-on-year growth. Automotive & Mobility Tech Revenue for Q3 FY25: INR49 crores, 9% year-on-year growth. Map-led Business Revenue for Q3 FY25: INR87 crores, 33% year-on-year growth. IoT-led Business Growth for Q3 FY25: 4% year-on-year growth. Subscription Services Growth for Q3 FY25: 31% year-on-year growth. IoT-led EBITDA Margin for First Nine Months FY25: Increased from 8% in FY24 to 12% in FY25. Warning! GuruFocus has detected 1 Warning Sign with BOM:543425. Release Date: January 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CE Info Systems Ltd (BOM:543425) reported a 25% year-on-year revenue growth for Q3 FY25, reaching INR115 crores. The company successfully operationalized a joint venture with Hyundai Autoever in Indonesia, expanding its global footprint. Consumer Tech & Enterprise business revenue surged by 39% year-on-year to INR65 crores. Subscription services grew by 31% year-on-year for the quarter, contributing to higher margin IoT-led business. The company secured a major deal with a large global social media network and significant wins in quick commerce and BFSI verticals, boosting its C&E business. EBITDA margin decreased from 39% in Q3 FY24 to 36% in Q3 FY25. IoT-led business growth was only 4% year-on-year due to delays in anticipated projects. There was a steep rise in outsourcing expenses related to government projects, impacting overall costs. Hardware sales in the IoT segment did not pick up as expected, affecting revenue growth. The company faces challenges in maintaining its previous growth trajectory of 30-35%, now targeting a 25% growth rate. Q: Can you elaborate on the sustainability of the C&E segment's revenue growth and the impact of outsourcing expenses? A: The growth in the C&E segment is not a one-time event. The increase in outsourcing expenses is linked to government projects that required quick scaling, which is in line with the revenue generated during the quarter. - Rakesh Verma, Executive Chairman and Managing Director Q: Why did hardware sales in the IoT-led business not pick up despite resolving funding issues? A: The delay in anticipated IoT-led business from customers affected hardware sales, but subscription revenue has increased significantly. We expect the delayed business to materialize in the next financial year. - Rakesh Verma, Executive Chairman and Managing Director Q: Are you confident in achieving the 25% growth guidance for the full year despite only 17% growth in the first nine months? A: Yes, we are confident in achieving the 25% growth target for the full year, as certain contracts are expected to generate revenue in Q4. - Rakesh Verma, Executive Chairman and Managing Director Q: Can you provide an update on the order backlog and recent deal wins? A: We will disclose the exact order backlog at the end of the fiscal year. We have secured significant wins across various verticals, including global contracts, but due to NDAs, we cannot disclose specific names. - Rakesh Verma, Executive Chairman and Managing Director Q: How do you view the government business, and what are the margins like in these projects? A: We are actively pursuing government GIS projects, ensuring we select those with reliable payment terms. While government projects typically have lower margins than corporate or automotive projects, they are strategically important for us. - Rakesh Verma, Executive Chairman and Managing Director Q: What is the status of the Hyundai and Kia deals, and when can we expect revenue from the Indonesia JV? A: All Hyundai and Kia models in India will have our software by Q4. The Southeast Asian market is still in preparation, with revenue expected in the next financial year. The JV will start generating revenue as maps and software are deployed. - Sapna Ahuja, Chief Operating Officer Q: How are we winning in the quick commerce space despite aggressive competition from Google Maps? A: Our success is due to the superior quality of our map data and the flexibility and agility of our service, which allows us to meet specific client needs and integrate new features quickly. - Sapna Ahuja, Chief Operating Officer Q: What is the expected impact of the Qualcomm partnership on the automotive and mobility tech segment? A: The partnership with Qualcomm is focused on automotive OEMs, particularly around connectivity solutions. Revenue impact will be seen after at least a year, as these are long-term engagements. - Sapna Ahuja, Chief Operating Officer For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
