C.E. Info Systems Completes Acquisition of 96% Stake in Gtropy Systems for ₹24.99 Crore

1 min read     Updated on 02 Sept 2025, 07:07 PM
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Overview

CE Info Systems, parent company of MapmyIndia, has acquired a 96% stake in Gtropy Systems Private Limited for ₹24.99 crore. The company purchased 43,759 equity shares at ₹5,713.00 per share. This acquisition is expected to strengthen CE Info Systems' position in the digital mapping and location-based services market. The company has informed stock exchanges about the acquisition in compliance with SEBI regulations.

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*this image is generated using AI for illustrative purposes only.

CE Info Systems , the parent company of digital mapping firm MapmyIndia, has successfully completed the acquisition of a 96% stake in Gtropy Systems Private Limited for ₹24.99 crore. This strategic move marks a significant expansion for the company in the digital mapping and location-based services sector.

Acquisition Details

According to the company's filing with the stock exchanges, CE Info Systems has acquired 43,759 equity shares of Gtropy Systems at a price of ₹5,713.00 per equity share. The acquisition represents a 96% shareholding in Gtropy Systems on a fully diluted basis.

Strategic Implications

This acquisition is likely to strengthen CE Info Systems' position in the digital mapping and location-based services market. Gtropy Systems, a private limited company, is expected to bring additional capabilities or technologies that complement MapmyIndia's existing offerings.

Financial Aspects

The transaction value of ₹24.99 crore for a 96% stake indicates CE Info Systems' confidence in Gtropy Systems' potential and its alignment with the company's growth strategy. This investment showcases the company's commitment to expanding its portfolio and enhancing its market presence.

Regulatory Compliance

The company has duly informed the stock exchanges about this acquisition, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and the market are kept informed about significant corporate actions.

While the specific details about Gtropy Systems' operations and how they will integrate with CE Info Systems are not provided, this acquisition represents a notable development for the company. Investors and industry observers will likely be keen to see how this strategic move unfolds and contributes to CE Info Systems' future growth and market position in the digital mapping and location-based services sector.

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MapmyIndia Reports Strong Q1 Results with 19.8% Revenue Growth, Expands Partnerships

2 min read     Updated on 08 Aug 2025, 01:18 PM
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Naman SharmaScanX News Team
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Overview

CE Info Systems, operating as MapmyIndia, reported robust Q1 financial results. Revenue increased by 19.8% to ₹121.60 crore, EBITDA rose 30.6% to ₹55.90 crore, and PAT grew 27.7% to ₹45.80 crore. The company's Map-led Business segment saw 26% growth. Strategic developments include increasing stake in Gtropy Systems, partnering with Zepto, and expanding into government and defense sectors. MapmyIndia maintains a strong financial position with ₹676.90 crore in cash reserves.

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*this image is generated using AI for illustrative purposes only.

CE Info Systems , operating under the MapmyIndia brand, has reported robust financial results for the first quarter, demonstrating significant growth across key metrics and strategic expansions in its business operations.

Financial Highlights

MapmyIndia's Q1 performance showcased impressive year-on-year growth:

  • Revenue from operations increased by 19.8% to ₹121.60 crore
  • EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose by 30.6% to ₹55.90 crore
  • Profit After Tax (PAT) grew by 27.7% to ₹45.80 crore
  • EBITDA margin improved to 46.0% from 42.1% in the previous year's Q1
  • PAT margin expanded to 33.9% from 32.1% in the same quarter last year

Segment Performance

The company's growth was driven by strong performances across its business segments:

  1. Map-led Business: This core segment saw a robust 26% year-on-year growth, reaching ₹98.20 crore. The segment's EBITDA margins also improved significantly to 54.8% from 50.1% in the previous year's Q1.

  2. Automotive & Mobility Tech (A&M): Revenue in this segment grew by 24.4% year-on-year, supported by increasing demand for advanced automotive solutions.

  3. Consumer Tech & Enterprise Digital Transformation (C&E): This segment registered a 16.1% year-on-year increase in revenue.

Strategic Developments

MapmyIndia announced several strategic initiatives during the quarter:

  1. Increased Stake in Gtropy Systems: The company is increasing its shareholding in its IoT subsidiary, Gtropy Systems Private Limited, from 75.98% to 96.00%.

  2. Partnership with Zepto: MapmyIndia entered into a strategic business agreement with Zepto, a leading quick commerce company. MapmyIndia's SDK and APIs will be utilized to enhance Zepto's customer and delivery experience.

  3. Investment in Zepto: The board approved a strategic financial investment of ₹25.00 crore in Zepto.

  4. Focus on HD Maps: The company is developing use cases for autonomous driving and lane-level navigation experiences through its Live High Definition (HD) Maps.

  5. Government and Defense Sector Expansion: MapmyIndia's wholly-owned subsidiary, Mappls DT Private Limited, has been fully operationalized to serve the digital transformation and digital twin needs of the government and defense sector.

Management Commentary

Rakesh Verma, Chairman & Managing Director of MapmyIndia, expressed confidence in the company's performance and future prospects. He stated, "MapmyIndia has started on a strong footing, delivering robust financial performance across key metrics in Q1. The strong performance reinforces our belief in the scalability and sustainability of our strategy."

Verma also reiterated the company's commitment to achieving its revenue goal of ₹1,000.00 crore, highlighting the opportunities that lie ahead for MapmyIndia in the digital mapping and location intelligence space.

As of the end of the quarter, MapmyIndia maintained a strong financial position with cash reserves of ₹676.90 crore, positioning the company well for future growth and investments in emerging technologies and partnerships.

The company's focus on innovation, strategic partnerships, and expansion into high-growth sectors like quick commerce and government services indicates a clear path for sustained growth and market leadership in the digital mapping and location-based services industry.

Historical Stock Returns for CE Info Systems

1 Day5 Days1 Month6 Months1 Year5 Years
-0.03%-0.92%-7.33%+0.14%-18.63%+18.24%
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