MAPMYINDIA Shares Rise as Company Secures Major 7-Year Map Data Licensing Deal Worth Rs 233 Crore

C.E. Info Systems Limited, operating under the brand MapmyIndia, has announced a substantial new project win, securing a contract valued at approximately Rs. 233 Crores, equivalent to over USD 27 Million. The significant deal involves map data licensing for domestic business and is set to span a period of seven years.

The company, a leading provider of digital maps, geospatial software, and location-based IoT technologies, confirmed the order was awarded by a corporate entity in the private sector. The name of the awarding entity has not been disclosed, citing competitive sensitive data.

This new contract underscores MapmyIndia’s continued growth in the domestic market for its core map data services. The company clarified that the transaction is not a related party transaction, and neither its promoters nor promoter group companies have any interest in the entity that awarded the order.

The announcement on July 1, 2025, comes as shares of MAPMYINDIA were trading at Rs. 1792.8, marking a 1.9% increase. The long-term nature of the contract is expected to provide stable revenue visibility for the company.

source: Corporate Announcement

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