With NavIC going mainstream in India in the next couple of years, this company is expected to grow by leaps and bounds along with government’s full support
Shares of MapmyIndia, formally known as CE Info Systems Ltd., have risen about 104% from the end of March, adding around $675 million in market value on demand for its consumer-facing app Mappls. Some analysts and investors are betting on the companys domestic growth opportunity, while others view its price tag as a barrier.
The revenue for the just-ended quarter increased 38 per cent year-on-year to Rs 89.4 crore, the company said. MapmyIndia’s revenue during the reported quarter was Rs 65 crore.