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Prabhudas Lilladher's IPO Report
CE Info Systems Ltd. (MapmyIndia) is India’s largest provider of advanced digital maps, geospatial software and location based Internet-of-Things technologies.
It has built maps for more than six million kilometre covering 98.5% of India’s road networks.
MapmyIndia is well positioned to cater to Indian market expected to reach $7.7 billion by CY25 (17% compound annual growth rate over CY21-25) given -
its leading position within marquee client base,
strong moat resulting from most comprehensive and innovative solutions, specifically localised for challenging geography of India,
solid network effects resulting from continuous feedback loop in digital mapping,
asset light business model with high operating leverage.
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