The times have gone when people used to buy paper maps and roam around the world. Technology has also impacted how maps are made and designed today. Several online map services have been launched, which have replaced the physical map due to the convenience these offer to their users. People are now actively using services such as Google Map, Apple Map, Bing Map, etc., which are available at users’ fingertips. One such revolutionary service is the MapmyIndia, which has a similar concept but is limited to only Indian territory and for the purpose of marketing and logistics operations. The map not only offers digital map data, but also provides telematics services, GIS AI technologies, and location-based SaaS services. The company is about 27 years old and has made its name among the leading digital map service providers.
About the Company
A couple from India, Rakesh and Rashmi Verma founded MapmyIndia in 1995. The company headquarters is based in New Delhi, India. MapmyIndia is a publicly-traded company, trading on NSE as MAPMYINDIA. The company majors in services like IoT, Navigation, Maps, and GIS Services in the Indian subcontinent only. CE Info Systems Ltd. is the parent company of MapmyIndia, and over 700 people are currently working for it. Apart from New Delhi, the company has established its offices in Mumbai and Bengaluru. The company has also opened offices overseas in countries like USA and Japan. Since the beginning, MapmyIndia has been offering services to various big tech, corporates, automotive, and government authorities. The major clients of the company include Amazon Alexa, Apple, ISRO, Uber, Facebook, Mercedes-Benz, Mahindra, PhonePe, HDFC, TVS, Airtel, etc.
The Founding
Rakesh and Rashmi Verma, an Indian couple, started CE Info Systems in 1995 in New Delhi. The founders started to develop a web mapping technology under the name of CE Info-Systems. The very technology was to provide marketing and logistics services to the client organizations. As soon as the company was successful in developing the technology, it bagged its first contracts from companies like Coca-Cola and Cellular One.
In 2004, MapmyIndia launched India’s first internet mapping digital portal. The portal provided location-based services on mobile as well as the web. The portal was also adopted by India’s MagicBricks. In 2007, MapmyIndia came with a pan-India GPS system, and in 2010, the company launched Road Pilot, a GPS navigation service, followed by the launch of another IoT, a GPS-based telematics platform in 2011.
MapmyIndia also partnered with ISRO as the latter integrated MapmyIndia’s online maps into its satellite imagery. In 2015, the company released a map and location API for the developers, and by the next year, it started to build transportation, logistics, and workforce automation platforms. MapmyIndia also integrated AI technology into its maps such that to offer 4D HD digital maps. It also brought the digital address and location system for pan-India in 2017.
In the following years, MapmyIndia released a geospatial analytics platform (2019), N-Case mobility suite for digital vehicle transformation (2019), location-powered Enterprise Digital Transformation suite (2020), as well as real-time maps of Covid vaccine centers on CoWIN (2021), etc.
In 2021, MapmyIndia went public on the Indian Stock Exchange. Since the inception of MapmyIndia, the company has raised over $34 million in venture capital through various rounds of funding.
The CEO at MapmyIndia
Rohan Verma is the current CEO at MapmyIndia. He has got a Bachelor’s Science degree in Electrical Engineering from Stanford University and a Master’s of Business Administration from London Business. While studying at Stanford (2004-2007), Verma worked at MapmyIndia and helped in creating India’s first interactive map portal. For the rest of the years, Verma remained on the boards of MapmyIndia.
Apart from MapmyIndia, Verma worked as a design technology intern at Intel and as a summer business analyst at McKinsey & Company. He has also worked at Microsoft and Visit for a few years. In 2018, Verma founded Infidreams and joined Cholamandalam Investment and Finance Company as its board member. In April 2019, Verma became the CEO of MapmyIndia.
Yashica is a Software Engineer turned Content Writer, who loves to write on social causes and expertise in writing technical stuff. She loves to watch movies and explore new places. She believes that you need to live once before you die. So experimenting with her life and career choices, she is trying to live her life to the fullest.