C.E. Info Systems Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Net profit of C.E. Info Systems rose 5.50% to Rs 32.44 crore in the quarter ended December 2024 as against Rs 30.75 crore during the previous quarter ended December 2023. Sales rose 24.47% to Rs 114.54 crore in the quarter ended December 2024 as against Rs 92.02 crore during the previous quarter ended December 2023.

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C.E. Info Systems will hold a meeting of the Board of Directors of the Company on 28 January 2025.

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Qualcomm Technologies, Inc., a global leader in wireless technology innovation, and MapmyIndia announced a technology collaboration aimed at supporting the ‘Make in India' initiative for the automotive sector. Combining Qualcomm Technologies' Snapdragon® Digital Chassis™ solutions with MapmyIndia's expertise, the companies will deliver cutting -edge automotive connectivity solutions and connected services for the four-wheel (4W) and two-wheeler (2W) segments domestically and for global automakers.

As part of the companies' work, MapmyIndia will utilize Qualcomm Technologies' Snapdragon® Auto Connectivity Platform to develop telematics solutions tailored to the needs of Indian automakers. MapmyIndia solutions will enable OEMs to offer high-quality yet affordable connectivity in mid-tier and low-tier vehicles, prioritizing safety and convenience for the mass market.

Furthermore, MapmyIndia will integrate Snapdragon® Car-to-Cloud Services with its MAPPLS automotive services to create a software-defined vehicle framework, driving device and cloud services for 2W, 4W and commercial vehicles that utilize Snapdragon Digital Chassis solutions. The single platform and common interface is aimed at helping manage device, data, maps, navigation and services. With this integrated solution, MapmyIndia will scale, customize and bring the necessary applications and application programming interfaces (APIs) to enhance the end-to-end services experience, ensuring that each user benefits from a personalized and intuitive interaction tailored to their specific needs and preferences.

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C.E. Info Systems will hold a meeting of the Board of Directors of the Company on 28 January 2025.

Powered by Capital Market - Live News

Qualcomm Technologies, Inc., a global leader in wireless technology innovation, and MapmyIndia announced a technology collaboration aimed at supporting the ‘Make in India' initiative for the automotive sector. Combining Qualcomm Technologies' Snapdragon® Digital Chassis™ solutions with MapmyIndia's expertise, the companies will deliver cutting -edge automotive connectivity solutions and connected services for the four-wheel (4W) and two-wheeler (2W) segments domestically and for global automakers.

As part of the companies' work, MapmyIndia will utilize Qualcomm Technologies' Snapdragon® Auto Connectivity Platform to develop telematics solutions tailored to the needs of Indian automakers. MapmyIndia solutions will enable OEMs to offer high-quality yet affordable connectivity in mid-tier and low-tier vehicles, prioritizing safety and convenience for the mass market.

Furthermore, MapmyIndia will integrate Snapdragon® Car-to-Cloud Services with its MAPPLS automotive services to create a software-defined vehicle framework, driving device and cloud services for 2W, 4W and commercial vehicles that utilize Snapdragon Digital Chassis solutions. The single platform and common interface is aimed at helping manage device, data, maps, navigation and services. With this integrated solution, MapmyIndia will scale, customize and bring the necessary applications and application programming interfaces (APIs) to enhance the end-to-end services experience, ensuring that each user benefits from a personalized and intuitive interaction tailored to their specific needs and preferences.

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C E Info Systems (MapmyIndia) announced on 1 December 2024, that it will continue focusing on its core B2B and B2B2C businesses. Rohan Verma, CEO and executive director, MapmyIndia will step down to float a business-to-consumer (B2C) venture. MapmyIndia will take 10% stake and provide an additional funding of Rs 35 crores via CCDs (compulsorily convertible debentures) in the new company. The CCD will convert to equity either after 10 years or at a 25% discount to any 3rd party valuation of new company whichever is earlier.

Following the announcement, CE Info Systems' shares were hammered over 12% in two sessions last week as the move faced criticism from analysts due to concerns over transparency and potential conflicts of interest.

In a swift reversal, the company announced today it will not invest in the outgoing CEO Rohan Verma's new venture. MapMyIndia’s Board has reversed its decision to make any equity or debt investment in a proposed new company. The Board will continue to explore and evaluate various opportunities in respect to B2C, while re-calibrating its investments in B2C segment, said the company in the official statement.

We believe that the decisions taken by the Board on 29th November 2024 and today, 9th December 2024 both are taken in the best interest of the Company and all its shareholders including minority shareholders, said Rakesh Verma, chairman and managing director of MapMyIndia, in the official statement.

On the future outlook, the company aims to focus on the B2B and B2B2C segments, contributing to more than 99% of MapMyIndia's revenues. These segments also continue to represent a significant growth opportunity for the foreseeable future, according to the press release.

C E Info Systems is India's leading deep-tech digital map data, geospatial software and location-based IoT products, platforms, solutions and APIs company, offering proprietary digital maps as a service (MaaS), software as a service (SaaS) and platform as a service (PaaS).

On a consolidated basis, net profit of C E Info Systems declined 8.20% to Rs 30.33 crore while net sales rose 13.82% to Rs 103.67 crore in Q2 September 2024 over Q2 September 2023.

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Net profit of C.E. Info Systems rose 5.50% to Rs 32.44 crore in the quarter ended December 2024 as against Rs 30.75 crore during the previous quarter ended December 2023. Sales rose 24.47% to Rs 114.54 crore in the quarter ended December 2024 as against Rs 92.02 crore during the previous quarter ended December 2023.

Powered by Capital Market - Live News

C.E. Info Systems will hold a meeting of the Board of Directors of the Company on 28 January 2025.

Powered by Capital Market - Live News

Qualcomm Technologies, Inc., a global leader in wireless technology innovation, and MapmyIndia announced a technology collaboration aimed at supporting the ‘Make in India' initiative for the automotive sector. Combining Qualcomm Technologies' Snapdragon® Digital Chassis™ solutions with MapmyIndia's expertise, the companies will deliver cutting -edge automotive connectivity solutions and connected services for the four-wheel (4W) and two-wheeler (2W) segments domestically and for global automakers.

As part of the companies' work, MapmyIndia will utilize Qualcomm Technologies' Snapdragon® Auto Connectivity Platform to develop telematics solutions tailored to the needs of Indian automakers. MapmyIndia solutions will enable OEMs to offer high-quality yet affordable connectivity in mid-tier and low-tier vehicles, prioritizing safety and convenience for the mass market.

Furthermore, MapmyIndia will integrate Snapdragon® Car-to-Cloud Services with its MAPPLS automotive services to create a software-defined vehicle framework, driving device and cloud services for 2W, 4W and commercial vehicles that utilize Snapdragon Digital Chassis solutions. The single platform and common interface is aimed at helping manage device, data, maps, navigation and services. With this integrated solution, MapmyIndia will scale, customize and bring the necessary applications and application programming interfaces (APIs) to enhance the end-to-end services experience, ensuring that each user benefits from a personalized and intuitive interaction tailored to their specific needs and preferences.

Powered by Capital Market - Live News

C.E. Info Systems will hold a meeting of the Board of Directors of the Company on 28 January 2025.

Powered by Capital Market - Live News

Qualcomm Technologies, Inc., a global leader in wireless technology innovation, and MapmyIndia announced a technology collaboration aimed at supporting the ‘Make in India' initiative for the automotive sector. Combining Qualcomm Technologies' Snapdragon® Digital Chassis™ solutions with MapmyIndia's expertise, the companies will deliver cutting -edge automotive connectivity solutions and connected services for the four-wheel (4W) and two-wheeler (2W) segments domestically and for global automakers.

As part of the companies' work, MapmyIndia will utilize Qualcomm Technologies' Snapdragon® Auto Connectivity Platform to develop telematics solutions tailored to the needs of Indian automakers. MapmyIndia solutions will enable OEMs to offer high-quality yet affordable connectivity in mid-tier and low-tier vehicles, prioritizing safety and convenience for the mass market.

Furthermore, MapmyIndia will integrate Snapdragon® Car-to-Cloud Services with its MAPPLS automotive services to create a software-defined vehicle framework, driving device and cloud services for 2W, 4W and commercial vehicles that utilize Snapdragon Digital Chassis solutions. The single platform and common interface is aimed at helping manage device, data, maps, navigation and services. With this integrated solution, MapmyIndia will scale, customize and bring the necessary applications and application programming interfaces (APIs) to enhance the end-to-end services experience, ensuring that each user benefits from a personalized and intuitive interaction tailored to their specific needs and preferences.

Powered by Capital Market - Live News

C E Info Systems (MapmyIndia) announced on 1 December 2024, that it will continue focusing on its core B2B and B2B2C businesses. Rohan Verma, CEO and executive director, MapmyIndia will step down to float a business-to-consumer (B2C) venture. MapmyIndia will take 10% stake and provide an additional funding of Rs 35 crores via CCDs (compulsorily convertible debentures) in the new company. The CCD will convert to equity either after 10 years or at a 25% discount to any 3rd party valuation of new company whichever is earlier.

Following the announcement, CE Info Systems' shares were hammered over 12% in two sessions last week as the move faced criticism from analysts due to concerns over transparency and potential conflicts of interest.

In a swift reversal, the company announced today it will not invest in the outgoing CEO Rohan Verma's new venture. MapMyIndia’s Board has reversed its decision to make any equity or debt investment in a proposed new company. The Board will continue to explore and evaluate various opportunities in respect to B2C, while re-calibrating its investments in B2C segment, said the company in the official statement.

We believe that the decisions taken by the Board on 29th November 2024 and today, 9th December 2024 both are taken in the best interest of the Company and all its shareholders including minority shareholders, said Rakesh Verma, chairman and managing director of MapMyIndia, in the official statement.

On the future outlook, the company aims to focus on the B2B and B2B2C segments, contributing to more than 99% of MapMyIndia's revenues. These segments also continue to represent a significant growth opportunity for the foreseeable future, according to the press release.

C E Info Systems is India's leading deep-tech digital map data, geospatial software and location-based IoT products, platforms, solutions and APIs company, offering proprietary digital maps as a service (MaaS), software as a service (SaaS) and platform as a service (PaaS).

On a consolidated basis, net profit of C E Info Systems declined 8.20% to Rs 30.33 crore while net sales rose 13.82% to Rs 103.67 crore in Q2 September 2024 over Q2 September 2023.

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