CE Info systems is a data and technology products and platforms company, offering proprietary digital maps as a service (MaaS), software as a service (SaaS) and platform as a service (PaaS). It is India’s leading provider of advanced digital maps, geospatial software and location-based IoT technologies. Having pioneered digital mapping in India in 1995, it has earned its market leadership position in this industry and built a strong moat by capitalizing on its early mover advantage, developing proprietary and integrated technologies, full stack product offerings, continuous innovation and robust sustainable business model.
CE Info Systems Limited provides products, platforms, application programming interfaces (APIs) and solutions across a range of digital map data, software and IoT for the Indian market under the ‘MapmyIndia’ brand, and for the international market under the ‘Mappls’ brand.C.E. Info Systems Limited derived majority of its revenue from B2B and B2B2C enterprise customers. Its business model is to charge its customers fees per period on a per vehicle, per asset, per transaction, per use case or per user basis, as applicable.
Its arrangements with automotive OEMs typically envisage payments on a per vehicle basis for the contract period and top-up payments for internet services as subscription charges. For C&E customers, payments are typically received on a per geospatial transaction (or API query) basis, i.e. when the feature requiring geospatial element is used by an end consumer, for instance, a search result for the nearest service centre or merchant. It charge on a fixed price per term on a per use case basis, when the geospatial queries are not specified or known to it. For its Move IoT devices, payments are typically received for the sale of devices and subscription fees which are periodic in nature.
Business area of CE Info Systems Limited
CE Info Systems Limited is a data and technology products and platforms company, offering proprietary digital maps as a service (MaaS), software as a service (SaaS) and platform as a service (PaaS). It is India’s leading provider of advanced digital maps, geospatial software and location-based IoT technologies.
CE Info Systems Limited boasts a wide array of cutting-edge products and platforms that have solidified their reputation as industry leaders. Here are some of their exceptional offerings:
- Digital Maps: CE Info Systems Limited delivers advanced digital maps renowned for their accuracy and versatility. They are ideal for navigation, location-based services, and comprehensive data analytics.
- Geospatial Software: With their geospatial software solutions, C.E. Info Systems empowers businesses to effortlessly analyze and visualize spatial data, enabling informed decision-making and enhanced operational efficiency.
- Location-Based IoT Technologies: C.E. Info Systems excels in location-based Internet of Things (IoT) technologies. Leveraging robust geospatial data, their solutions facilitate asset tracking, fleet management, and the development of smart city applications.
- MapmyIndia: Renowned as a trusted brand, C.E. Info Systems presents MapmyIndia, a comprehensive product line tailored for the Indian market. MapmyIndia encompasses digital maps, cutting-edge navigation systems, and an extensive range of location-based services.
- Mappls: Under the esteemed brand Mappls, C.E. Info Systems extends its exceptional offerings to the international stage. Mappls provides global customers with unrivaled digital map data, software, and IoT solutions.
These exceptional products and platforms cater to a broad spectrum of industries, empowering automotive companies, logistics providers, e-commerce platforms, and governments to capitalize on the extraordinary potential of geospatial technology.
Awards and accreditations
- 2004: CE Info Systems Limited was declared as a showcase company for the ‘IT Innovation in India’ by NASSCOM
- 2008: CE Info Systems Limited was awarded the ‘Geospatial Product of the Year’ for its product, ‘MapymyIndia Navigator’ at the Indian Geospatial Awards 2008 by Geospatial Today.
- 2009: CE Info Systems Limited was recognised as nominee for ‘Gender Inclusivity Awards 2009’ in ‘Corporate Awards for Excellence in Gender Inclusivity 2009’ by NASSCOM.
- 2011: CE Info Systems Limited was awarded the ‘Most Innovative Mobile Application of the Year’ in India IT & Telecom Excellence Awards by Frost & Sullivan.
- 2012: CE Info Systems Limited was declared as the ‘Most Popular Geospatial Data Portal in India – mapmyindia.com’ at the Indian Geospatial Forum, 2012 held at Gurugram, India.
- 2014: CE Info Systems Limited was awarded the ‘Hall of Fame 2014’ in recognition of entrepreneurial zeal, growth and excellence’ by Inc. India.
- 2017: CE Info Systems Limited was awarded the ‘India’s Most Trusted Company 2017’ in the category of India’s Most Trusted Navigation & Mapping Solutions Company by International Brand Consulting Corporation, USA.
- 2018: CE Info Systems Limited was awarded the News18 award for “Viewer’s Choice Brand for Driving vehicle Safety” at the Tech and Auto Awards 2018.
- 2020: CE Info Systems Limited was awarded the first place in the Others category under the Digital India AatmaNirbhar Bharat App Innovation Challenge by MyGov for MapmyIndia Move: Maps Navigation & Tracking.
- 2020: The company’s technology division performed benchmark appraisal and achieved CMMI V2.0 Maturity Level 3 certification by IQI Consulting Services Private Limited.
Share Overview of C.E. Info Systems Limited
| Promoter Owned | 53.30 % |
| Institution Owned | 11.50 % |
| Public/Others | 35.20 % |
| Outstanding Shares | 5.37 Cr |
| Floating Shares | 1.17 Cr |
| Floating / Outstanding | 21.79% |
| Book Value/Share | 101.08 |
| Face value | 2.00 |
Annual Income Statement of MAPMYINDIA
| Period | 31_Mar_2023 | 31_Mar_2022 | Growth |
|---|---|---|---|
| Net Income From Continuing Ops | 107.81 | 87.07 | 23.82 % |
| Net Income | 107.25 | 87.02 | 23.25 % |
| Operating Income | 108.01 | 77.94 | 38.58 % |
| Total Revenue | 315.77 | 200.44 | 57.54 % |
| Operating Expense | 176.23 | 124.66 | 41.37 % |
| Interest Expense | 2.79 | 2.16 | 29.17 % |
| Tax Expense | 31.73 | 30.26 | 4.86 % |
| Income Before tax | 139.54 | 117.33 | 18.93 % |
| Gross Profit | 167.12 | 124.30 | 34.45 % |
| Dividend Paid | 0 | -10.65 | 100.00 % |
Quarterly Income Statement of MAPMYINDIA
| Period | 31_Mar_2023 | 31_Dec_2022 | Growth |
|---|---|---|---|
| Net Income From Continuing Ops | 28.46 | 29.78 | 4.43 % |
| Net Income | 28.02 | 29.64 | 5.47 % |
| Operating Income | 24.89 | 25.93 | 4.01 % |
| Total Revenue | 72.47 | 67.66 | 7.11 % |
| Operating Expense | 43.47 | 39.79 | 9.25 % |
| Interest Expense | 0.860 | 0.720 | 19.44 % |
| Tax Expense | 6.03 | 6.04 | 0.166 % |
| Income Before tax | 34.49 | 35.82 | 3.71 % |
| Gross Profit | -9.38 | 55.54 | 116.89 % |
| Dividend Paid | 0 | 0 | % |
Balance Sheet
| Period | 31_Mar_2023 | 31-Mar-22 | Growth |
|---|---|---|---|
| Common Stock | 10.73 | 10.65 | 0.751 % |
| Current Liabilities | 113.34 | 53.44 | 112.09 % |
| Total Liabilities | 128.23 | 70.74 | 81.27 % |
| Current Assets | 441.40 | 268.73 | 64.25 % |
| Total Assets | 670.52 | 516.56 | 29.80 % |
| Working capital | 328.06 | 215.29 | 52.38 % |
| Accounts Payable | 13.09 | 6.09 | 114.94 % |
| Inventory | 15.97 | 7.97 | 100.38 % |
| Net Receivable | 58.27 | 43.52 | 33.89 % |
Cash Flow
| Period | 31_Mar_2023 | 31_Mar_2022 | Growth |
|---|---|---|---|
| Cash EPS | 21.94 | 17.61 | 24.59 % |
| Cash From Investment Activity | -63.29 | -11.22 | 464.08 % |
| Cash From Financial Activity | 8.32 | -10.94 | 176.05 % |
| Cash Operational Activity | 89.89 | 28.76 | 212.55 % |
| Net Cash Flow | 34.92 | 6.60 | 429.09 % |
| NetIncome | 107.25 | 87.02 | 23.25 % |
| Capital Expenditure | 22.54 | 3.99 | 464.91 % |
| Change To Inventory | -4.95 | -5.21 | 4.99 % |
Major events and milestones
- 1995: Incorporation of Company.
- 1995: Built India’s digital maps.
- 2004: Launched India’s internet mapping portal and internet mapping technologies.
- 2007: Launched pan-India GPS navigation system.
- 2007: Series A Investors invested an aggregate amount of Rs 56.76 million in the Company.
- 2007: Series B Investor invested an aggregate amount of Rs 106.97 million in the Company.
- 2008: Qualcomm (Series C Investor) invested an aggregate amount of Rs 235.61 million in the Company.
- 2008: Series A Investors further invested an aggregate amount of Rs 93.74 million in the Company.
- 2008: Series B Investor further invested an aggregate amount of Rs 94.52 million in the Company.
- 2011: Zenrin (Series D Investor) invested an aggregate amount of Rs 723.99 million in the Company.
- 2011: Launched IoT (GPS-based telematics) platform.
- 2015: Flipkart (Series E Investor) invested an aggregate amount of Rs 97.59 million in the Company.
- 2015: Launched map and location API platform for developers.
- 2016: The Company started building transportation, logistics and workforce automation platforms.
- 2017: The Company started building AI-powered 4D HD Digital Map Twin of the Real World.
- 2017: Launched nation-wide unique digital address and location, eLoc.
- 2019: Launched geospatial analytics and GIS platform.
- 2019: Launched N-CASE mobility suite for digital vehicle transformation.
- 2021: Entered into a MoU with the Department of Space, Government of India for exchange of select geospatial services and APIs.
- 2021: Integrated with the GoI’s Co-WIN app for providing real time maps for COVID-19 related information such as tracking of vaccine centres.
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