MAPMYINDIA
MapmyIndia reported strong financial performance for Q4 FY23, with revenue up 41% YoY to Rs 282 Cr and PAT up 24% YoY. The IoT-led business grew significantly, contributing to overall growth despite higher hardware costs. Management highlighted expansion into new markets and strategic investments as key drivers for future growth.
Scale of reported figures
Key financials
| Revenue from operations | ₹282 crore | FY23 |
| PAT | ₹108 crore | FY23 |
| EBITDA | ₹118 crore | FY23 |
| Order Book | ₹918 crore | FY23 |
Segment commentary
IoT-led business
Revenue grew 140% YoY in FY23, with EBITDA margins improving from 1% to 4% due to higher SaaS income.
Automotive & Mobility Tech (A&M)
Revenue up 34.1% YoY, driven by increased vehicle sales and new EV partnerships.
Consumer Tech & Enterprise Digital Transformation (C&E)
Strong penetration in BFSI and government sectors with multiple wins for location-based analytics.
Guidance & outlook
- Continued focus on innovation and expansion into international markets.
- Expectation of sustained growth due to a strong order book and customer retention.
Key takeaways
- Strong financial performance with revenue up 41% YoY, driven by both Map-led and IoT-led businesses.
- Expansion into new markets and strategic partnerships are key growth drivers.
- IoT segment shows high growth potential despite current margin challenges.
Risks flagged
- Higher hardware costs impacting margins in IoT segment.
- Semiconductor shortages affecting Q4 FY22 results.
In their words
“...potential addressable market of 20 crore vehicles...”— Rohan Verma, CEO





Educational analysis only. Not investment advice. Consult a
SEBI-registered advisor before investing. Source: https://nsearchives.nseindia.com/corporate/MAPMYINDIA_24042023112620_Submission_of_MapmyIndia_Investor_Presentation_Q4_andFY23.pdf
Full transcript (5,345 words)
MAPPLS�
April 24, 2023
The Listing Department The Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza
Dalal Street Bandra Kurla Complex, Bandra (East)
Mumbai 400 001 Mumbai 400 051
BSE SCRIP Code: 543425 NSE Symbol: MAPMYINDIA
Subject: Submission oflnvestor Presentation for Q4 & FY23 Results.
Ref.: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Madam / Sir,
Please find attached herewith Investor Presentation for Q4 & FY23 Results.
Kindly acknowledge the receipt of the same.
Thanking you.
Yours faithfully,
For C.E. Info Systems Limited
Saurabh Surendra Somani
Company Secretary & Compliance Officer
Encl:
1. Investor Presentation
C.E. INFO SYSTEMS LIMITED
(Previously known as C.E. Info Systems Pvt Ltd)
237, Okhla Industrial Estate, Phase-Ill, New Delhi-110020, Mappls Pin: mappls.com/mmi000, e-Mail: contact@mapmyindia.com / contact@mappls.com
Website:www.mapmyindia.com/ www.mappls.com, Phone: +91-011-4600 9900, GIN: L74899DL 1995PLC065551, A CMMl-3 & ISO Certified Company
MAPP
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Investor Presentation
Q4 & FY2023
-
(cid:4)(cid:2)(cid:6)(cid:2)(cid:1)(cid:8)(cid:11)(cid:7)(cid:12)(cid:1)(cid:13)(cid:15)(cid:13)(cid:14)(cid:6)(cid:10)(cid:13)(cid:1)(cid:9)(cid:8)(cid:10)(cid:8)(cid:14)(cid:6)(cid:5) APR 2023
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Q4 & FY23
Performance
7
Management Commentary
Consolidated Financial Highlights (Q4 & FY23)
Consolidated Business Highlights: IoT-led and Map-led
Segmental Revenue by Markets and Product
Consolidated P&L Highlights
Order Book L
Customers
Employees
Key Investments
Consolidated P&L Highlights and Financials Extracts
C.E. INFO SYSTEMS LIMITED www.mapmyindia.com, www.mappls.com
Q4 & FY23 Performance
Management Commentary
“MapmyIndia continues its stellar “…The exciting aspect of the IoT-led business
performance year after year, and for FY2023, is that while we sold ~1.9 lakh IoT devices in
recorded a revenue from operations of Rs 282 FY23, more than 3x that in FY22, there is a
Cr (up 41%), a PAT of Rs 108 Cr (up 24%), and potential addressable market of 20 crore
an EBITDA margin of 41.9%. MapmyIndia has vehicles that can be tapped in future,
maintained a healthy EBITDA margin in its showing the large headroom there is for
Map-led business of 52.6%, while investing in MapmyIndia's IoT-led hardware and SaaS
the IoT-led business, which is already business.
demonstrating good results.
We declared a dividend once again this year,
Revenue from the IoT led business grew to demonstrate our gratitude & commitment
140% YoY, with the EBITDA margins growing to shareholders for continuing on a long-
from 1% in the 9 months of the financial year, term journey with MapmyIndia”
to ~4% in Q4 FY23, as SaaS income
increased… ”
- Rakesh Verma, CMD
(cid:6)
Q4 & FY23 Performance
Management Commentary
“ “““
Our overall revenue growth of 41% to Rs 282 Cr during ……LLaasstt,, bbuutt nnoott tthhee lleeaasstt,, oouurr OOppeenn OOrrddeerr BBooookk ggrreeww 3311%% ttoo
FY2023 was broad-based with Consumer Tech & Enterprise RRss 991188 CCrr bbyy tthhee eenndd ooff FFYY2233 ffrroomm RRss 669999 CCrr aatt tthhee
Digital Transformation revenue up 48% YoY to Rs 130 Cr, bbeeggiinnnniinngg ooff tthhee yyeeaarr,, bbaasseedd oonn AAnnnnuuaall NNeeww OOrrddeerr
and Automotive & Mobility Tech revenue up 34% to Rs 152 BBooookkiinnggss ooff RRss 551122 CCrr,, wwhhiicchh bbooddeess wweellll ffoorr tthhee ffuuttuurree ooff
Cr on the markets side. On the products side, Our Map & MMaappmmyyIInnddiiaa''ss BB22BB aanndd BB22BB22CC bbuussiinneessss..
Data revenue grew 34% to Rs 112 Cr and Platform & IoT
LLooookkiinngg iinnttoo tthhee uuppccoommiinngg yyeeaarr,, wwee iinntteenndd ttoo iinnccuubbaattee
revenue grew 45% to Rs 170 Cr.
ppootteennttiiaallllyy llaarrggee,, yyeett uunnlloocckkeedd,, ooppppoorrttuunniittiieess ffoorr oouurr
1.9+ million new vehicles (4-wheelers, 2-wheelers and CVs, ccoommppaannyy,, iinncclluuddiinngg iinn tthhee ccoonnssuummeerr aapppp aanndd ggaaddggeettss
across ICE and EV segments), went built-in with ssppaaccee,, bbaasseedd oonn tthhee rraavvee rreevviieewwss oouurr ccoonnssuummeerr ffaacciinngg
MapmyIndia Mappls, up from 1.3 million during FY22, MMaappppllss AApppp aanndd MMaappppllss GGaaddggeettss aarree rreecceeiivviinngg,, aanndd iinn tthhee
showing faster than industry growth uptake of our Auto N- ffaasstt--ggrroowwiinngg ddrroonnee ssppaaccee,, wwhheerree wwee hhaavvee bbeeeenn pprreeppaarriinngg
CASE suite of map and technology solutions amongst ssttrroonngg ffuullll--ssttaacckk ddrroonnee ccaappaabbiilliittiieess,, tthhrroouugghh oorrggaanniicc aanndd
automotive OEMs, including new-age EV companies. iinnoorrggaanniicc mmeeaannss,, ttoo aaddddrreessss tthhee ffaasstt--ggrroowwiinngg mmaarrkkeett ffoorr
ddrroonnee ssoolluuttiioonnss..
We acquired 250+ new B2B and B2B2C customers –
including many businesses and enterprises across industry WWee ooff ccoouurrssee ccoonnttiinnuuee ttoo rreelleennttlleessssllyy iinnnnoovvaattee,, aannddwwiillll
verticals, new-age consumer-tech companies and key ccoonnttiinnuuee ttoo iinnvveesstt iinn eennhhaanncciinngg oouurr eexxiissttiinngg pprroodduuccttss aanndd
government organizations -raising our base to 850+ ooffffeerriinnggss,, aanndd aallssooiinn eexxppaannddiinngg tthhee vviissiibbiilliittyy aanndd rreeaacchh ooff
customers for our MaaS, SaaS and PaaS offerings, giving us tthhee MMaappppllss MMaappmmyyIInnddiiaa bbrraanndd && ooffffeerriinnggss..””
a great platform to up-sell and cross-sell our wide variety of
offerings and use-cases to existing and new customers. … ” -- RRoohhaann VVeerrmmaa,, CCEEOO && EEDD
(cid:7)
Q4 & FY23 Performance
Consolidated Financial Highlights (Q4 & FY23)
Strong Growth in FY23: Revenue up 41% YoY, EBITDA up 37%, PAT up 24%
Strong Margins: EBITDA margin at 41.9%, PAT margin at 34.1%
INR Crores, unless otherwise FY23 FY22 YoY Growth Q4 FY23 Q4 FY22 Q4 YoY Growth
mentioned (cid:1) Strong Revenue, EBITDA and PAT
Growthduringtheyearonthebackof
Total Income 315.8 242.0 30.5% 82.9 68.7 20.7%
strong open order book and in-year
Revenue from execution
281.5 200.0 40.7% 72.5 57.0 27.1%
Operations
(cid:1) EBITDA margin was lower for the year
EBITDA 117.9 86.0 37.1% 29.0 23.0 26.1% due to increased hardware cost of
material of the iot led business. PBT
EBITDA Margin (%) 1 41.9% 43.0% (110) bps 40.0% 41.0% (100) bps
margin for the year decreased due to
PBT 139.5 117.0 19.3% 34.3 33.5 2.5% lowerotherincome.
PBT Margin (%) 44.2% 48.0% (380) bps 41.4% 48.8% (740) bps (cid:1) Q4 FY23 Effective Tax Rate was lower
than25%dueto
Effective tax rate 22.9% 25.8% 17.6% 32.6%
(cid:1) Nil tax on unrealized gain of Rs.
PAT 107.5 87.1 23.6% 28.3 22.6 25.3%
3.23 crores towards re-valuation
PAT Margin (%) 2 34.1% 36.0% (190) bps 34.1% 32.9% 120 bps of investments, carried at fair
market value, under the head of
otherincome
RoCEex-cash 122% 96%
(cid:1) Lesser rate of tax applicable on
Cash & cash equivalents
Capital Gains than on business
(including financial 484.7 381.8
income
instruments)
_)
Note–1)EBITDAMargin=EBITDA/RevenuefromOperations;2)PATMargin=PAT/TotalIncome (cid:8)
Q4 & FY23 Performance
Consolidated Business Highlights: Map-led and IoT-lledd
FY23 FY23 FY23 Q4 FY22 (cid:1) Maintained a healthy EBITDA margin in its Map-
INR Crores, unless otherwise Total Map-led IoT-led IoT-led led business of 52.6% while Map-led open order
mentioned
book of ~700 Crs will continue to aid growth in
the coming years.
Revenue from
281.5 222.4 59.1 15.0
Operations (cid:1) Revenue of IoT-led business grew 140% YoY in
FY23
Sale of Hardware 42.2 0 42.2 10.4
Sale of Map data & (cid:1) EBITDA margins grew from 1% in the first 9
239.2 222.4 16.8 4.4
services* months of FY23, to 4% in Q4 FY23, due to
increase in higher margin SaaS income.
EBITDA 117.9 116.9 1.0 0.6
EBITDA Margin (%) 41.9% 52.6% 1.7% 4.0% (cid:1) The IoT-led business is exciting because, while
we sold 1.9+ lakh IoT devices in FY23, 3x over
FY23 FY22 YoY FY22, the potentially addressable market is of
IoT-led IoT-led Growth 20+ crore vehicles, showing the large headroom
INR Crores, unless otherwise
mentioned for MapmyIndia's IoT-led hardware and SaaS
business.
IoT-led business
59.1 24.6 140%
Revenue (cid:1) IoT-led business contributes to both A&M and
Sale of Hardware 42.2 16.5 156% C&E (Consumer Tech & Enterprise Digital
Transformation) markets.
Sale of Map data &
16.8 8.1 107%
services*
No. of IoT Devices
Sold & Rented (in 1.9+ 0.6+ ~220%
Lakhs)
Note–*includesroyalty,annuity,subscription,softwareandproductscalledMaaS,PaaS,SaaS
(cid:9)
J
L
Q4 & FY23 Performance
Market-wise Revenue – A&M
MARKET SEGMENT – A&M1 BUSINESS UPDATE
(cid:1) Automotive & Mobility Tech revenue grew a healthy 34.1%
(INR Crores)
YoY in FY23. Q4 YoY comparison not appropriate as Q3
34.1% FY22 semi-conductor shortage led to uncharacteristically
higherQ4FY22(comparativequarter).
(cid:1) 1.9+ million new vehicles (4-wheelers, 2-wheelers and
CVs, across ICE and EV segments), went built-in with
MapmyIndia Mappls in FY23, up 46% from from 1.3
millionduringFY22
151.6 (cid:1) Faster than industry growth uptake of our Auto N-CASE
2.1% suite of map and technology solutions amongst
113.0 automotiveOEMs,includingnew-ageEVcompanies.
(cid:1) Large majority of A&M revenue comes from Automotive
OEMsembeddingMapmyIndiaMapplswithnewvehicles.
38.7 39.5
(cid:1) Multiple Key Automotive wins including very large 4-
wheelers & 2-wheeler players, spanning ICE and EV, and
acquired many customers across people/goods mobility
Q4FY22 Q4FY23 FY22 FY23
includinglargeEVtaxifleetsandlogisticsfleets
(cid:1) MultipleGo-livesinthisyearincludingthenewMGHector,
Mahindra Scorpio-N & XUV400 Electric, Hero MotoCorp’s
OneApp,TorkMotors,OlaElectricandmore…
Notes–1)A&M:Automotiveandmobilitytech
(cid:10)
Q4 & FY23 Performance
Market-wise Revenue – C&E
MARKET SEGMENT – C&E1 BUSINESS UPDATE
(cid:1) C&E revenue for the year and for the quarter on the back of
(INR Crores)
healthy order book, and continued expansion of business from
existingcustomersandadditionofnewercustomers.
48%
(cid:1) Strong penetration into BFSI / NBFC / Fin-tech space with
offerings–multiplewinswithlargeplayersforvarioususecases:
(cid:1) Map- and Location-enable customer’s web & mobile apps
forendconsumers,formerchants,forsalesteametc.
(cid:1) Enable address and location-based analytics, as well as
129.6
customerintelligencetohelpidentifyandfiltercustomers/
applicantsduringverificationprocesswhofallindelinquent
79%
87.4 areas
(cid:1) Onboarded many corporate customers - traditional & new-age
overcourseofyear,includingverylargesocialcommerceappand
32.9
multipleD2CbrandsinjustQ4
18.3
(cid:1) Key strategic government organisation wins across Police, State
Q4FY22 Q4FY23 FY22 FY23
RemoteSensingApplicationCentres,TaxDepartments,Transport
Departments,RoadInfrastructureandmore
Notes–1)C&E:Consumertechandenterprisedigitaltransformation
(cid:11)
Q4 & FY23 Performance
Product-Wise Revenue – Map & Data and Platform & IoT
)\ . - - - - - -
PRODUCT SEGMENT
(INR Crores)
281.5
200.4
45% 169.7
~
117.3
72.5
56.9
28% 34%
~ 33.5 ~ 111.8
26.2 83.1
27%
~ 39.0
30.7
Q4FY22 Q4FY23 FY22 FY23
Map and Data Platform and IoT
■ ■
(cid:1) Healthy growth across both Map and Data, and Platform and IoT, segments of products. Consumption
driven by both A&M and C&E customers.
Notes–Platform&IoTRevenuerepresentsourSaaS(SoftwareasaService)andPaaS(PlatformasaService)whichleverageandaddvalueontopofourMaaS(MapasaService).
(cid:12)
Q4 & FY23 Performance
Order Book
OPEN ORDER BOOK PERFORMANCE UPDATE
918.0 (INR Crores) (cid:1) Open Order Book has grown 31% to Rs 918 Cr based on Rs 512 Cr
of Annual New Order Bookings in FY23, with momentum across
both A&M and C&E market segments, due to continued
699.6 adoption & expansion of use cases, as well as up-selling and
cross-selling to new and existing customers.
(cid:1) 250+ new customers added, expanding base from 600+ to 850+.
377.5 (cid:1) Historically the Open Order Book to Revenue conversion ratio
has been 3-5 years.
ANNUAL NEW ORDERS - BREAKUP
01-Apr-21 01-Apr-22 01-Apr-23
278.7 286.9
FY22 FY23
327.2
Open Order (Current
377.5 699.6
year)
New Orders 523.6 511.8 244.9 224.9
141.0
Revenue (200.4) (281.5)
FY21 FY22 FY23
Open Order (Next
699.6 918.0
year) Fixed pricing Volume projections
■ ■
(cid:4)(cid:3)
Q4 & FY23 Performance
Customers
)1------------------1(
CUSTOMERS CONTRIBUTING
CUSTOMERS SERVICED J
80% OF REVENUE
(#)
2250+
B2B & B2B2C customers since inception, including
marquee names across nearly every vertical –new-age
tech companies, businesses across industry verticals,
automotive OEMs & government organisations
54
850+
35
25
Customers on MaaS, SaaS & PaaS platform in FY23,
growing by more than 250,from 600+ in FY22.
FY2021 FY2022 FY2023
Retention (cid:1) Customer growth, diversification and de-concentration,
91% 92% 91%
Ratio as well as retention, continues to trend healthily
Q4 & FY23 Performance
Employees
PERMANENT VS TEMPORARY MAP-LED VS IOT-LED BREAKUP BY FUNCTION
1,170* (#) 790 (#) (#)
690 1,170*
-936* 342 936* 221
510 218
- 734 734 146
355 380
107 501
355
324 246
168
324
472 448
660 137
410 581 109 212 303 435 448
FY2022 FY2023 FY2022 FY2023 FY2021 FY2022 FY2023
FY2021 FY2022 FY2023 Map-led IoT-led
■ SG&A ■ Technical (non-permament) ■ Technical (permanent)
■ Permanent ■ Non-permanent ■ Permanent ■ Non-permanent
__
[ )[ )[...__
(cid:1) *Including employees of Gtropy subsidiary Attrition FY21 FY22 FY23
(cid:1) We continue to up-skill our existing employees, and alsobring in higher skilled rate [ )[ )[
technical permanent employees, to evolve with needs of our business. 13.5% 17.4% 16.9%
(cid:4)(cid:5)
Q4 & FY23 Performance
Key Investments in FY23
Date Name Overview Rationale Consideration
To broaden and deepen our addressable
market, enabling us to offer
Company is engaged in the business of comprehensive and differentiated end-
manufacturing of the drones, data to-end offerings to users across a large
analytics using high resolution data and variety of industry verticals by combining
developing end to end solution MapmyIndia’s suite of digital maps,
IndronesSolutions leveraged by drones, IoT and other geospatial software and location-based Acquired 20% stake on fully
February
Private Limited sensors which helps digitize various IoT tech, coupled with Indrones’ suite of diluted basis for ~Rs. 7 Crore
sectors including but not limited to drones and drone-based solutions and
agriculture, mining, energy, telecom, services.
infrastructure, construction, disaster
management and among others. The investment will also strengthen our
ability to leverage cutting-edge drone
technologies.
A cutting‐edge start‐up aiming to build
To build a travel & hyper-local
the world’s largest travel & hyper‐local Acquired 26.37% stake on fully
KogoTech Labs Private discovery, commerce, social, gamified
September discovery, recommendations, diluted basis for Rs.
Limited platform integrated with maps and
commerce, social and gamified 10 Crore
navigation.
platform
Exploring synergies in oil and gas
Company has a video analytics SaaS
segment where applications of their
NawgatiTech Private product focused on the oil and gas
August technology can be leveraged by us and Acquired 3% stake for Rs. 1 Crore
Limited sector which monitors the congestion
help increase the portfolio of offerings to
or wait time or traffic at the fuel station.
our customers
(cid:4)(cid:6)
Q4 & FY23 Performance
Consolidated P&L Highlights for Q4 & FY23
All Financial Metrics Grew Strongly YoY in Q4 and FY23:
Revenue, Contribution Profit, EBITDA & PAT
Revenue from Operations Contribution Profit ((AAllll ffiigures iin IINNRR CCrores))
41% 281.5 30%
219.6
200.0 169.6
27% 16%
72.5
57.0 46.1 53.3
Q4FY22 Q4FY23 FY22 FY23 Q4FY22 Q4FY23 FY22 FY23
EBITDA Profit After Tax
37% 24%
117.9
107.5
87.1
86.0
26% 25%
23.0 29.0 22.6 28.3
Q4FY22 Q4FY23 FY22 FY23 Q4FY22 Q4FY23 FY22 FY23
(cid:4)(cid:7)
Q4 & FY23 Performance
Consolidated Annual P&L Highlights for Last 3 Years
(All figures in INR Crores)
Revenue from Operations Contribution Profit & Margin
219.6
281.5
85%
83%
169.6 78%
200.0 40%
125.8
152.5
31%
10%
-
FY2021 FY2022 FY2023
FFYY22002211 FFYY22002222 FFYY22002233
■ Revenue from Operations YoY growth ■ Contribution Profit % Contribution Margin
EBITDA & Margin Profit After Tax & Margin
42%
36%
35% 43%
117.9
34%
86.0
31%
53.0
60.0 87.1 107.5
FYF2Y0221021 FYF2Y0222022 FYF2Y0223023 FY2021 FY2022 FY2023
■ EBITDA % Margin ■ PAT % Margin
(cid:4)(cid:8)
Annual Highlights
Consolidated Balance Sheet & Cash Flow Statement ((Extract))
(INR Crores)
Consolidated FY2022 FY2023
(INR Crores)
Profit before tax 117.30 139.54
Adjustment for non-cash items and others -25.46 -18.48
Consolidated FY2022 FY2023
Changes in working capital -27.41 11.00
Cash flow generated from operating activities (CFO) 64.43 132.06
Property, plant & equipment 6.80 11.96
Income tax paid -35.70 -42.19
Investments 173.80 134.57 Net Cash flow generated from Operating activities (A) 28.73 89.86
Total non-current assets 247.80 229.12 Cash flows from investing activities
Investment in unlisted entities (i.e.startups) -14.00 -14.41
Investments 122.60 227.87 Purchase of investments -20.40 -51.56
Fixed Deposits with Banks 14.04 -8.16
Trade receivables 43.50 58.27 Interest received on bank deposits and bonds 12.89 20.32
Dividend received 0.16 0.23
Cash & cash equivalents 40.60 76.09 Payment for property, plant and equipment and intangible assets (including
capital advances) -3.99 -15.36
Total current assets 268.70 441.40 Payment for Intangible Assets under Development -7.18
Sale of Property, plant and equipment 0.09
Total assets 516.50 670.52
Gain on sale of investments 7.31
Equity 445.80 542.28 (Fair Value gain in investments) / Provision for diminution in value of investments 5.54
Net Cash flow used in Investing activities (B) -11.21 -63.27
Lease liabilities 11.90 7.35
Receipt on issue of shares 0.80 0.51
Total non-current liabilities 17.30 14.89
Proceeds from borrowings, net of repayment 2.56 14.32
Dividends paid -10.65 -
Lease liabilities 4.00 4.57
Payment of lease liabilities including interest -3.65 -5.57
Trade payables 6.10 13.09 Corporate Dividend tax -
Interest paid - -0.94
Total current liabilities 53.40 113.35 Net Cash flow used in Financing activities (C) -10.94 8.32
Net increase/ (decrease) in cash and cash equivalents (A+B+C) 6.58 34.91
Total equity and liabilities 516.50 670.52 Effect of exchange rate changes on cash & cash equivalent 0.34 0.61
Net increase/ (decrease) in cash and cash equivalents 6.92 35.52
Cash & cash equivalents (opening balance) 33.65 40.57
Net increase/decrease (A + B + C), after effect of exchange rate changes 6.92 35.52
Cash & cash equivalents (closing balance) 40.57 76.09
(cid:4)(cid:9)
About
MapmyIndia
7
Company Overview
Our Strengths
Future Strategy
Shareholding Pattern
L
C.E. INFO SYSTEMS LIMITED www.mapmyindia.com, www.mappls.com
About MapmyIndia
Company Overview
_ _ _ _
(cid:1) We are India’s leading provider of advanced digital ( )
maps, geospatial software & location-based IoT (cid:16)(cid:21)(cid:18)(cid:1)(cid:14)(cid:5)(cid:18)(cid:12)(cid:9)(cid:20)(cid:1)(cid:19)(cid:9)(cid:10)(cid:14)(cid:9)(cid:15)(cid:20)(cid:19)
technologies serving B2B and B2B2C enterprise
customers. Serving two distinct market segments
(cid:1) As a data and technology products and platforms
company, we offer proprietary digital maps as a service
(“MaaS”), software as a service (“SaaS”) and platform
asaservice (“PaaS”).
Automotive and Mobility Tech Consumer Tech and Enterprise
(A&M)
(cid:1) Our Product segments – Maps and Data includes MaaS Digital Transformation (C&E)
offerings; while Platform & IoT include SaaS & PaaS
offerings
(cid:1) Having pioneered digital mapping in India in 1995, we … for the India market, … and for the world
under our brand, market,
have earned our market leadership position in this
MapmyIndia under our brand, Mappls
industry and built a strong moat by capitalizing on our
• MAPPLS
early mover advantage, developing proprietary and
integrated technologies, full stack product offerings,
continuous innovation and robust sustainable business
model.
(cid:4)(cid:11)
About MapmyIndia
Company Profile
About MapmyIndia & Mappls (C.E. Info Systems Ltd) (www.mapmyindia.com & www.mappls.com)
(cid:1)
C.E. Info Systems Ltd (NSE: MAPMYINDIA; BSE: 543425) is India’s leading advanced digital maps and deep-tech company, popularly known in India as
MapmyIndiaandgloballyasMappls.Thecompanyofferingproprietarydigitalmapsasaservice("MaaS"),softwareasaservice("SaaS")andplatformasa
service("PaaS"),includingitsadvanceddigitalmapdata,softwareproducts,platforms,applicationprogramminginterfaces(“APIs”),IoTandsolutionsto
new-age tech companies, large businesses, automotive OEMs, government organisations, developers and consumers. The company has served more
than2000enterprisecustomerssinceinception.ThecompanypioneereddigitalmappinginIndiain1995andhasearneditsmarketleadershipposition
in this industry and built a strong moat by capitalizing on our early mover advantage, developing proprietary and integrated technologies, full stack
productofferings,continuousinnovationandrobustsustainablebusinessmodel.ThecompanyalsobuiltIndia’sveryfirstinternetmappingplatformand
portal, MapmyIndia.com (now called Mappls.com) in 2004. The company’s free Mappls app (accessible on the web and downloadable from
https://www.mappls.com)forconsumersprovidesthebestandfullyindigenousmaps,navigation,safety,hyperlocalandIoTgadget-enabledexperience
forIndianusers.
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MapmyIndia has built India’s most comprehensive, accurate, feature-rich and continuously updated digital map data product down to address and
urbanbuildingleveldetailpanIndia,coveringalltowns,villages,andtheentireroadnetworkofthecountry.Thecompanyisbuildingnotjust2Dmaps,
but also 3D (with landmarks, terrains and city models), 4D (updating in near real-time), HD (high-definition and high-accuracy), RealView (geo-tagged
360 degree panoramas, videos and photos representing actual ground reality), and hyper-local geo-demographics data-rich maps, to continuously
evolve its AI-powered Digital Metaverse Twin of the Real World. The company is also building digital maps for other regions in the world, and has
integrated global maps for over 200 countries into its Mappls platform. The company’s platform provides extensive and comprehensive functionalities
andeverexpandingsetofusecases,includingmapping,locationandnavigation,geospatialdataanalytics,GIS(geospatialinformationsystems)andAI,
GPS tracking and IoT-based fleet management, logistics optimisation and workforce management, drone-based solutions, developer APIs, N-CASE
solution suite (for Navigation, Connected vehicle telematics and services, ADAS safety i.e. advanced driving assistance systems, Shared and Electric) for
Automotive&MobilityTech(A&M),andConsumertechandEnterprisedigitaltransformationsolutionsuite(C&E).
About MapmyIndia
Our Journey So Far
1995-00 2001-10 2011-16 2017-19 2020 2021-22
Company was Launched India’s Launched IoT Started Building AI- Launched real-
founded internet mapping portal, (GPS-based telematics) powered 4D, HD, Digital time maps of Covid Entered MoU1 with
mapping technologies platform Map Twin of the Real vaccine centres on Co- Ministry of Electronics &
IT & Ministry of Road
World in 2017 WIN
mTransport & Highways
~
~
~
~
Built India’s digital maps
~
Launched map and
Launched location API Platform Entered MoU1 with Company goes public in
p n a a n vi - g In a d ti i o a n G s P y S st em for developers Launched nation-wide ISmRO2 Dec 2021
unique digital address
®,:;:::- and location identity
system -“eLoc” (now
~ ~
called Mappls Pin)
0
Transportation tech,
logistics optimisation & ® ,:;:::- GoIannounces Mappls global platform
workforce automation ~ geospatial guidelines released with integrated
in 2016 0 maps of 200+ countries
Launched geospatial
analytics and GIS
platform; and N-CASE
mobility suite for Digital
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About MapmyIndia
Our Strengths
• m e w •
01 02 03 04 05
~
B2B and B2B2C market Ever expanding use Large addressable Government Initiatives: Independent, global
leader for maps and cases; Innovating to market in India with Macro-Economic geospatial products
geospatial products in address technology industry tailwinds Enablers for digital and platforms
India with a paradigm shifts driving growth outlook maps and location company
comprehensive suite of intelligence
offerings1
•
06 07 08 09 10
Proprietary Marquee customers Increasing new orders; Becoming a key B2C Founding team
technology and across sectors with profitable and cash player with supported by an
network effect -> capability to up-sell generating business differentiated maps, experienced
Strong entry barriers and cross-sell model with consistent GPS-enabled IoT professional
financial track record gadgets and a management team
gamified application
Source:1)F&SReportcommissionedandpaidforbythecompany
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About MapmyIndia
B2B and B2B2C market leader
for maps and geospatial products in India with a comprehensive suite of offerings
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MAPPED
Digital Map & Geospatial Map, Location &
Data (Products) Navigation (Products &
Platforms) 6.3 98.5 7.9
K
% +
N-CASE Automotive Mn kms of roads3 of India’s road towns3
& Mobility (Tech Location- network2,3
+
Solutions Suite)
Powered C&E
(Solution Suite)
637 17.8 14.5
K
+
villages3 Mn places of interest3,4 Mn house or
Location-based IoT,
building addresses3
Developer APIs
Fleet & Workforce
Automation (Products & & SDKs
Platforms)
400
Consumer location- GIS, Geospatial Analytics
Mn+ geo referenced photos,
based apps & IoT & Geo-AI (Products &
videos & 360°panoramas
gadgets Platforms)
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About MapmyIndia
Ever expanding use cases;
Innovating to address technology paradigm shifts
• • • • •
AUTOMOTIVE ECOMMERCE FOOD DELIVERY TRANPORTATION & BFSI
LOGISTICS
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In-built Navigation Long haul first mile Address intelligence Fleet and asset Geo-verification and
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devices Last mile delivery Last mile delivery tracking on-boarding
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Connected Vehicles tracking tracking Transportation data Usage-based auto
(cid:1) (cid:1)
Shared & EV Mobility Truck routing solutions insurance
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Geo-CRM for sales
• • • • •
RETAIL & QSR TELECOM & UTILITIES HEALTHCARE & GOVERNMENT RAILWAYS &
PHARMA WATERWAYS
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Location enabled Field force monitoring Distribution and Geo-tagging of public Network and route
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online e-commerce Optical fiber logistics of medical assets for repair and mapping
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Location-based mapping and goods overhaul Tracking of fleet
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digital advertising distribution analytics Mapping of plants
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About MapmyIndia
Independent, Global
Geospatial products and platform company
MAPP LS Target international markets and
Integrated maps of 200+ countries
intend to follow MNCs customers with..
LARGE CATALOGUE OF
FEATURES
DEVELOPER APIS AND SDKS
Geo-analytics & AI Vision APIs
~-RResponse -Time ) ~-VVersioning- & Docs )
SStandardized versioning with
FFaster response times than ever
bbackward compatibility
Map & Mobility & Q ) Q )
Traffic APIs Tracking APIs
SScalable VVersatile
AAuto-scalable architecture to HHighly configurable to suit use
ssupport many request ccases
Q ) Q )
SSecurity & Monitoring AAccurate
OOauth2.0 based / VA / PT LLocation Bias most relevant than
ccertified eever
Q ) Q )
Search & Routing & NNatural Language DDeveloper Friendly
Geocoding APIs Navigation APIs SSearches for what the user is EEasy integration and standard
ttrying to say rresponse code
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About MapmyIndia
Proprietary technology..
Data Acquisition and
Photo-realistic and Q_ _ _)
Processing
Panoramic Maps HHD maps providing photo-realistic
VVirtual Reality and Augmented Reality
4D, HD Maps
Live Traffic
with near real-
Update
time updates
IInteractive 2D, 3D, outdoor and indoor
mmap rendering
Advanced 3D
Geospatial
Maps
Analytics
EEnabled tech platform to
aautomatically recognize and extract
iinsights from images
AI-assisted LiDAR, Cameras,
mapping systems and Computer Vision
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About MapmyIndia
..and Network effect
create Strong entry barriers
) )
. More
~ Proprietary end-to-end OEMs ~ Integration of our digital
technology-driven and AI- maps with our internet-
Better content
assisted mapping systems & features More connected platforms
Customers
More
More Automotive Customers
Customers OEMs
Better product
& solutions
Comprehensive digital map More a f n ea d t b ur e e t s te & r coverage
functionality )
d th a r t o a u b g as h e p c r r o e f a e t s e s d io f n o a r l I f n ie d l i d a Corporates Go V v e e r r t n ic m al e s nt ~ Increasing usage of products
surveys, collection and Higher Adoption H En ig g h a e g r e ment by customers, creates a
network (flywheel) effect
compilation of geographical
More
data More Customers
Developers
Increase
Startups & selection &
Developers Consumers trust
More depth &
coverage
) More data / )
~ Highly differentiated, unique More Startups Higher features ~ Continuously increasing the
digital asset (maps) that is Engagement value proposition of our
difficult to replicate offerings and help grow our
business
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About MapmyIndia
Marquee customers
across sectors with capability to up-sell and cross-sell
LEADING ENTERPRISES ARE POWERED
BY MAPMYINDIA TECHNOLOGIES
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Target B2B and B2B2C 600+ customers on SaaS, PaaS
enterprise customers and MaaSplatforms1
r-.,
L: :J
Serviced 2,000+ enterprise Long-term mutually renewable cmnm AVIS.
customers since inception2 contractsof 3 to 5 years,
providing continued synergy and (sfii 1~~ 1
_...__,...
revenue predictability (;)PhonePe ~ .;;.;.::;.
',') airtel
Customized solutions
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About MapmyIndia
Becoming a key B2C player
with differentiated maps, GPS-enabled IoT gadgets and a gamified application
Ill
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Built a Super App for Maps, Navigation, Safety and more A Gamified Social Travel App for users and creators
Junction View Road Safety Features
Helps you navigate See reported hyperlocal
safely while approaching issues like traffic, road
Plan, Discover & Spend KOGOCOIN
flyovers, complex blocks, potholes, unsafe Share Experiences
intersections zones Spend KOGOCOIN on
Users can plan, hotels, experiences, and
discover and share travel travel accessories
' itineraries and content
and earn KOGOCOIN
Doorstep Navigation
Simplified location code
Vehicle Diagnostics for complex addresses
providing doorstep
Enables insights into "
navigation
vehicle health and fault
lmin It 0 ma.PQls.com/lTI82A
diagnostics A a,om
MapplsIoT Gadgets
MapplsApp and IoT gadgets combined with KOGO App will allow
Enables you to track
MapmyIndia to offer integrated apps/solutions to consumers, the travel
your vehicle and loved Deep installed Bike Tracker eco‐system, businesses & government –opening up travel commerce
ones’ in real-time, With safety features like Panic button Enables live location, market opportunity for the company.
ensuring their safety and driving behaviour analysis speed alerts, geo fencing
Notes–Toknowmore,followtheselinks–(cid:5)(cid:8)(cid:14)(cid:14)(cid:12)(cid:15)(cid:1)(cid:14)(cid:14)|(cid:5)(cid:8)(cid:14)(cid:14)(cid:12)(cid:15)(cid:3)(cid:13)(cid:7)(cid:2)(cid:8)(cid:9)(cid:11)(cid:10)(cid:16)(cid:15)|(cid:4)(cid:6)(cid:2)(cid:6) (cid:5)(cid:11)
About MapmyIndia
Founding team
supported by an experienced professional management team
01 (cid:11)(cid:11)(cid:5)(cid:2)(cid:4)(cid:5)(cid:16)(cid:17)(cid:8)(cid:9)(cid:15)(cid:1)(cid:18)(cid:5)(cid:2)(cid:12)
/
Rakesh Verma Rashmi Verma Rohan Verma
CO-FOUNDER, CMD CO-FOUNDER, CTO WHOLE-TIME DIRECTOR, CEO
47+ years of experience 40+ years of experience 17+ years of experience
BE (Hons.), Mechanical Engineering, BITS, BTech, Chemical Engineering, IIT Roorkee; BTech, Electrical Engineering Stanford
Pilani; MBA, Eastern Washington University, MSc, Eastern Washington University, USA; MBA, London Business
USA University, USA School
(cid:5)(cid:12)
About MapmyIndia
Founding team
supported by an experienced professional management team
02 (cid:12)(cid:12)(cid:2)(cid:13)(cid:2)(cid:7)(cid:5)(cid:12)(cid:5)(cid:13)(cid:18)(cid:1)(cid:18)(cid:5)(cid:2)(cid:12)
Sapna Ahuja Anuj Jain AnkeetBhat
CHIEF OPERATING OFFICER CHIEF FINANCIAL OFFICER CHIEF STRATEGY OFFICER
17+ years with MapmyIndia 10+ years with MapmyIndia 11+ years with MapmyIndia
BSc, Computer Science (DU); MSc, Applied BCom, University of Rajasthan; Chartered BTech, Electronics and instrumentation
Operations Research (DU) Accountant (CA); Company Secretary (CS); (Hons), BITS Pilani
Cost and Management Accountant (CMA)
Nikhil Kumar
Harman Singh Arora
PRESIDENT, GEOSPATIAL
CEO, GTROPY (IoT BUSINESS)
24+ years of experience
MSc (Electronics), Kurukshetra University; 16+ years of experience
Ex-Here Technologies, Trimble, ESRI B.E, Electronics & Comm, Manipal Institute
of Technology; MBA, IIM Lucknow
(cid:6)(cid:3)
About MapmyIndia
Future Strategy
AAuuggmmeenntt pprroodduuccttss,, Scale and expand DDrriivvee eexxppaannssiioonn iinn Explore M&A AAttttrraacctt,, ddeevveelloopp
ppllaattffoorrmmss aanndd our customer reach IInntteerrnnaattiioonnaall mmaarrkkeettss opportunities to aanndd rreettaaiinn sskkiilllleedd
tteecchhnnoollooggyy lleeaadd aanndd GGeeoossppaattiiaall sseeccttoorr grow business eemmppllooyyeeeess
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relationships with mmaarrkkeettss wwiitthh pursuing selective eeffffoorrttss bbyy
ddeevveelloopp iinnnnoovvaattiioonn
existing active ‘‘MMaappppllss’’ strategic rreeccrruuiittiinngg mmoorree
aanndd tteecchhnnoollooggiiccaall
customers acquisitions to enter tteecchhnniiccaall
ccaappaabbiilliittiieess (cid:1)(cid:1) UUssee iinntteeggrraatteedd
into new business eemmppllooyyeeeess
(cid:1)(cid:1) BBuuiilldd aa ddeeeeppeerr aanndd (cid:1) Leverage first- mmaappss ooff 220000++ segments and
mover advantage ccoouunnttrriieess (cid:1)(cid:1) FFoorrmmuullaatteedd EESSOOPP
bbrrooaaddeerr ssttaacckk ooff geographies
with the GoI’s sscchheemmee ffoorr
ssooffttwwaarree pprroodduuccttss
increasing traction eemmppllooyyeeeess
(cid:6)(cid:4)
About MapmyIndia
Shareholding Pattern
Top Non-Promoter Shareholders % Holding
1%
10%
1%
PhonepePrivate Limited 19.0%
7%
4%
ZenrinCo. Ltd 4.7%
Fidelity Investment Trust -Fidelity Series 53%
1.4%
Emerging Markets Opportunities Fund
24%
Sundaram Mutual Fund 1.0%
Kuwait Investment Authority Fund F239 0.8%
Promoters Corporate Bodies
■ ■
Mobius Investment Trust Plc 0.7% MFs/AIFs FPI
■ ■
Insurance Companies Individuals
■ ■
Others
■
Aberdeen Standard Asia Focus Plc 0.6%
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Industry
Overview
7
Potentially Addressable Market
Government Initiatives
L
C.E. INFO SYSTEMS LIMITED
Industry Overview
Large potentially addressable market..
INDIAN MOBILITY NAVIGATIONS
(cid:9)(cid:13)(cid:4)(cid:9)(cid:2)(cid:13)(cid:1)(cid:4)(cid:9)(cid:7)(cid:9)(cid:18)(cid:2)(cid:11)(cid:1)(cid:12)(cid:2)(cid:15)(cid:1)(cid:17)(cid:5)(cid:16)(cid:20)(cid:9)(cid:3)(cid:5)(cid:17)(cid:1)(cid:12)(cid:2)(cid:16)(cid:10)(cid:5)(cid:18)(cid:3)
SOLUTIONS AND TELEMATICS MARKET1
(USD bn) 44.9 (USD bn)
4.2
26.3
20.5
1.8
3.7
7.0
1.6 15.7
0.1 1.8 11.5
0.1 0.1 0.3 3.0
CY20 CY25E CY20 CY25E
■ Digital Maps ■ Map Dev. & Integration Serv. ■ Geo-spatial Analytics ■ N-CASE ■ Logistics ■ Transport and Infrastructure
CAGR 18.3% 21.1% 18.0% CAGR 30.8% 31.2% 10.9%
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(cid:6)(cid:7)
Industry Overview
..With growth prospects
aided by industry tailwinds and growth drivers across market segments
(cid:11)(cid:15)(cid:8)(cid:11)(cid:5)(cid:15)(cid:1)(cid:5)(cid:21)(cid:20)(cid:16)(cid:14)(cid:16)(cid:20)(cid:11)(cid:22)(cid:9)(cid:1)(cid:14)(cid:5)(cid:18)(cid:12)(cid:9)(cid:20)(cid:1) E-COMMERCE1
E-commerce users in India (Mn)
USD 300 bn 2nd
(INR 22.2 tn) largest by 2034
Indian automotive sector by 2026 E-commerce market in the world 885
549
Total on-road Two-wheelers Passennggeerr VVeehicles Commerciiall VVehicles B2C USD 127 bn
vehicles in India in e-commerce
230 Mn 40 Mn 9.5 Mn in 2025
2020 27%
CAGR (20-25) FY20 FY24F
App Downloads in India1,2 Smartphone User Penetration1,3 Digital services market in India1
75%
68%
CAGR:
24.9%
37.0 59%
Digital services
USD 52 bn
market by 2025 12.2%
CAGR (20-25)
19.0
VS
Legacy Services
3.1%
CAGR (20-25)
market by 2025
FY19 FY22E CY19 CY22E CY23E
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(cid:6)(cid:8)
Industry Overview
Government Initiatives:
Macro-Economic Enablers for digital maps and location intelligence
• • •
Liberalization of GPS-based toll Automotive Digital India Plans to make
Geospatial Sector collection method Industry Standard Land Records ADAS compulsory
140 (“AIS 140”)2 Modernization in all cars by 2022
Programme3
• • • •
Geotagging Telematics Drone Rules, Allowed “Beyond Digital India
of Companies4 in Insurance5 2021 - Liberalized Visual Line of Initiatives
and simplified Sight” flight
drone regulations6 testing of drones7
Source:1)F&SReportcommissionedandpaidforbythecompany;Note:2)AllStatepublictransportvehiclesneedavehicletrackingsystem,acamerasurveillancesystemandemergencySOSpanicbutton;3)Digitizetheexistinglandrecordsand
developanIntegratedLandInformationManagementSystem;4)RequiresallregisteredcompaniestofileparticularsabouttheregisteredofficesinE-formACTIVE;5)IRDAIhasproposedtheadoptionofTelematicsinmotorinsurance;
6)developmentofadronecorridorwouldbefacilitatedbytheMinistryfortransportationofgoodsbydrones;7)WithlatestUAV(unmannedairvehicles)/UAS(unmannedaerosystems)laws,NanodronesinIndiacanstartflyinglegally (cid:6)(cid:9)
MAP S
rJ~p , ;1, Ara
Annexures
7
Glossary
Disclaimer
L
C.E. INFO SYSTEMS LIMITED
Annexures
Glossary
Expansion of acronyms used
A&M Automotive and Mobility Tech
BVLOS Beyond Visual Line of Sight
C&E Consumer Tech and Enterprise Digital Transformation
ESRI Environmental Systems Research Institute
FAME Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India
FICCI Federation of Indian Chambers of Commerce and Industry
GIS Geographic Information System
GPS Global Positioning System
MaaS/SaaS Maps/Software as a service
SDK Software Development Kit
(cid:6)(cid:11)
Annexures
Disclaimer
This presentation and the accompanying slides (the “Presentation”) have been prepared by C.E. Info Systems Limited (“Company”) solely for information purposes and to provide
backgroundinformationabouttheCompanyanddonotconstituteanoffertosellor,recommendationorsolicitationorinvitationofanyoffertosubscribefororpurchaseanysecurities
andnothingcontainedhereinshallformthebasisofanycontractorcommitmentwhatsoever.ThisPresentationisstrictlyconfidentialandmaynotbetakenaway,copied,published,
distributedortransmittedorreproducedorredistributedorpassedondirectlyorindirectlytoanyotherperson,whetherwithinoroutsideyourorganizationorfirm,orpublishedinwhole
orinpart,foranypurposebyrecipientsdirectlyorindirectlytoanyotherperson.
ThisPresentationisnotintendedtobeaprospectus,anofferletter,offeringcircular,offeringdocument,informationmemorandum,statementinlieuofaprospectus,draftredherring
prospectus,redherringprospectus,invitation,advertisementorprospectusasdefinedundertheCompaniesAct,2013asamended,theSecuritiesandExchangeBoardofIndia(Issueof
CapitalandDisclosureRequirements)Regulations,2018,asamended,oranyotherapplicablelawinIndia.
TheinformationcontainedinthisPresentationshouldbeconsideredinthecontextofthecircumstancesprevailingatthetimeandhasnotbeen,andwillnotbe,updatedtoreflect
materialdevelopmentswhichmayoccurafterthedateofthePresentation.Theinformationsetouthereinmaybesubjecttoupdating,completion,revision,verificationandamendment
withoutnoticeandsuchinformationmaychangematerially.Thispresentationisbasedontheeconomic,regulatory,marketandotherconditionsasineffectonthedatehereof.Itshould
beunderstoodthatsubsequentdevelopmentsmayaffecttheinformationcontainedinthispresentation,whichneithertheCompanynoritsaffiliates,advisorsorrepresentativesare
underanobligationtoupdate,reviseoraffirm.
YouacknowledgeandagreethattheCompanyand/oritsaffiliatedcompaniesand/ortheirrespectiveemployeesand/oragentshavenoresponsibilityorliability(expressorimplied)
whatsoeverandhowsoeverarising(including,withoutlimitationforanyclaim,proceedings,action,suits,losses,expenses,damagesorcosts)whichmaybebroughtagainstorsufferedby
any person as a result of acting in reliance upon the whole or any part of the contents of this Presentation and neither the Company, its affiliated companies nor their respective
employees or agents accepts any liability for any error, omission or misstatement, negligent or otherwise, in this Presentation and any liability in respect of the Presentation or any
inaccuracythereinoromissiontherefromwhichmightotherwiseariseisherebyexpresslydisclaimed.
CertainstatementscontainedinthisPresentationmaybestatementsrelatingtotheCompany'sbeliefs,plansandexpectationsaboutthefutureandotherforwardlookingstatements
thatarebasedonmanagement'scurrentexpectationsorbeliefsaswellasanumberofassumptionsabouttheCompany'soperationsandfactorsbeyondtheCompany'scontrolorthird
party sources and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward looking
statements. Forward looking statements contained in this Presentation regarding past trends or activities should not be taken as a representation that such trends or activities will
continueinthefuture.Thereisnoobligationtoupdateorreviseanyforwardlookingstatements,whetherasaresultofnewinformation,futureeventsorotherwise.Youshouldnotplace
unduerelianceonforwardlookingstatements,whichspeakonlyasofthedateofthisPresentation.
CertaindatacontainedinthisPresentationwasobtainedfromvariousexternaldatasources,andneithertheCompanynoranyofitsaffiliates,advisersorrepresentativeshasverifiedthis
datawithindependentsources.Accordingly,theCompanyanditsaffiliates,advisersandrepresentativesmakenorepresentationastothefairness,accuracy,correctnessorcompleteness
ofthatdata,andthisdatainvolvesrisksanduncertaintiesandissubjecttochangebasedonvariousfactors.
TheinformationcontainedinthisPresentationisnottobetakenasanyrecommendationmadebytheCompanyoranyotherpersontoenterintoanyagreementwithregardtoany
investment. You will be solely responsible for your own assessment of the market and the market position of the Company and you will conduct your own analysis and be solely
responsibleforformingyourownviewofthepotentialfutureperformanceofthebusinessoftheCompany.
(cid:6)(cid:12)
Thank You
For further details please contact:
Saurabh Surendra Somani
Company Secretary & Compliance
Officer, C.E. Info systems Limited
'-
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(cid:7)(cid:3)