MapmyIndia
👤 Rakesh & Rashmi Verma (CEO: Rohan Verma) (Rakesh & Rashmi Verma charted India's streets on foot, 1995-2004 — map data no rival had. Son Rohan (Stanford EE) runs it now.)🌐 site𝕏LinkedIn
MapmyIndia mapped India before Google did, then licensed that data to automakers and apps as customers.
Will it work? · our read
Data compounds. A local-data lead built before the giant arrived, licensed B2B at a 25% net margin. The real risk isn't dying — it's growth stuck at 2.3% while free maps improve.
01How the money moves
Chart India's roads for 30 years
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License the data + APIs to firms
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Enterprises pay to embed maps & IoT
02The numbers
₹474 cr ($54M)StatedFY26 rev. from ops · stated
FY26 (ended Mar 2026)
Map-led SaaS/APIs made ₹419 cr of the ₹474 cr; the rest is IoT/telematics hardware.
FY26 revenue grew just 2.3%, but held a 25% net margin — ₹134 cr PAT.
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You have the verdict. Members get the work behind it.
- The CENTS scorecard — where it's strong, where it's soft
- The founder's key move, and the counter-move
- How it could die — the evidence, and how sure we are
- The case against our own call
- A 🚀 launchpad prompt — the case, as a plan for your business
We rate our own confidence — and argue against ourselves. Nobody else in this category does.
Sources always public on all 604 cases · cancel anytime · 14-day refund
See a full teardown, free → ImportYetiSourcesSources last checked 8 October 2026
Entrackr — MapmyIndia FY26 results (₹474.1 cr rev, citing NSE filing)Indian Startup News — FY26 PAT ₹134 cr, map-led ₹419.4 crMappls / MapmyIndia — company scale stats (6.29M km, 2,000+ clients)Wikipedia — MapmyIndia history and 2021 IPOYourStory — the Verma family mapped India on foot from 1995
FY26 revenue of ₹474.1 crore (about $54M at about 88 INR/USD) is from C.E. Info Systems' consolidated results for the year ended 31 Mar 2026, reported identically by Entrackr and Indian Startup News, both citing the NSE/BSE results — so STATED, since I read the press writeups, not the raw exchange filing. PAT of ₹134 crore (down from ₹147.6 cr) and the ₹419.4 cr map-led split come from the same reporting, also STATED for the same reason. Scale stats (6.29M km, 17.8M places, 2,000+ enterprise clients) and the ₹1,754 cr order book are the company's own disclosures. This is company revenue, not GMV. Rival bars are our rough read of India reach, not revenue; weights are inferred. We never score you.