New Delhi, India, 10^th May 2025: C.E. Info Systems Ltd. (“MapmyIndia”), India’s leading advanced digital maps and deep-tech products and platforms company, announced today its financial results for Full Year and Fourth Quarter of FY2025 ended March 31^st 2025.

 Key Consolidated Financial Highlights for Full Year and Q4 of FY2025:

Rakesh Verma, Chairman & Managing Director, MapmyIndia, commenting on the Full Year and Fourth Quarter of FY25 results, said “We are happy to report the strong growth in Q4FY25 and a good fiscal year overall. The Board was pleased to express our gratitude to all shareholders by declaring Final Dividend of Rs. 3.50/-  per Equity share of Rs. 2/- each at the rate of 175% for the FY25. In Q4FY25, revenue increased by 34% YoY to Rs. 143.5 crore and EBITDA rose by 47% to Rs. 58 crore and PAT grew by 28% to Rs. 49 crore. EBITDA margin in Q4 was 40%. For FY25, revenue rose 22% to Rs. 463.3  crore. EBITDA rose 15% to Rs 179.9 crore and PAT rose 10% to Rs 148 crore, EBITDA margin for full year FY 25 was 39%. We’re happy that momentum picked up in Q3 and Q4 of FY25.

Our Map-led business EBITDA margins remain healthy at 47% and our IoT-led business EBITDA margins expanded from 12% in FY24 to 14% in FY25, as product mix improved and SaaS income increased. Our Open Order Book grew to Rs 1,500 Cr at the end of FY25. Our Order Book achievements give us further confidence that we are on track to our stated milestone of crossing Rs 1000 Cr revenue by FY28.

Our Consumer Tech & Enterprise Digital Transformation (C&E) revenue grew by 30% YoY to Rs 252.5 Cr, and Automotive & Mobility Tech (A&M) revenue grew by 13% to Rs 210.8 Cr. Our Map-led revenue grew by 29% to Rs 345.6 Cr. and IoT led revenue grew by 5% to Rs. 117.7  Cr. Our new licenses in automotive increased to 3+ million in new vehicles (4-wheelers, 2-wheelers and CVs, across ICE and EV segments), as against 2.5 million during FY24. Further, the number of new IoT devices installed (rented and sold additionally) during the year were 2.1+ Lakhs as against 2.9+ Lakhs in FY24, due to strategic shift in focus towards SaaS revenue over hardware sales.

We acquired new B2B and B2B2C customers – including many businesses and enterprises across industry verticals. Customer diversification, de-concentration and retention continued to trend healthily. We have also started to build revenue from the South East Asian market in alignment with our JV company TerraLink Technologies. We were happy with the results of our prudent marketing efforts which led to our crossing the milestone of 30 Million user downloads of the Mappls App and see this as a foundation for future potential consumer business. B2C expenses for consumer business were controlled in this quarter while, we of course continue to relentlessly innovate and invest in enhancing our existing products and technologies, and working on future vision.

Our strategic focus is on enhancing technological capabilities, improving customer engagements and driving operational excellence. To sharpen this focus, our government business, where we see a large opportunity ahead, will be handled by our wholly owned subsidiary, Vidteq, now renamed “Mappls DT”, for accelerating our initiatives in Digital Transformation, Digital Twin, and Defence Technologies to the government. The IoT and logistics SaaS will continue with our 76% owned subsidiary Gtropy. To ramp up these high growth opportunities, Rohan Verma has been appointed as Managing Director of both these subsidiaries w.e.f 1st April, 2025. The parent company will focus on Automotive and Corporate Business. Mappls Brand and App will continue within the parent company.”

This Mother’s Day, Malaka Spice invites you to honour the most special woman in your life with a celebration full of warmth, flavour, and vibrant experiences. On Sunday, May 11, from 11:30 AM to 10:30 PM, guests can soak in the festive vibes at the Malaka Bazaar, a thoughtfully curated lifestyle market featuring artisanal products, fashion, home décor, and more.

To complement the celebration, guests can indulge in delicious mains like Moringa Prawns, Moringa Chicken and the unique Chikoo Cheesecake. Along with that Malaka Spice has also launched a limited-edition ice cream menu with Asian tropical ingredients and seasonal produce from Cherish Farms. The menu includes some unique flavours of ice creams such as Mango Sorbet, Pho Gelato, Milk Chocolate Gelato, Watermelon & Strawberry Sorbet, Kaya jam and vanilla gelato and Cherish Farms Chikoo

Whether you’re treating Mom to a leisurely brunch, a fun day of shopping or a relaxed dinner Malaka Spice promises a heartfelt celebration she’ll always remember.

What: Mother’s Day celebration
When: Sunday, May 11, 11:30 AM onwards
Where: Malaka Spice Koregaon Park

May 8, National: goSTOPS, India’s leading youth travel hostel brand, is all set to add an exciting chapter to its travel story. With the launch of its brand-new literary IP, goREADS, the experiential hostel chain is giving young travellers and avid bookworms a fresh way to connect – through books, conversations, and shared experiences. It is designed to bring together readers, writers, and wanderers under one roof (or, well, hostel!).
Kicking off with events in Bengaluru and Goa on May 10, goREADS will feature interactive bookish hangouts where authors across genres, languages, and lived experiences vibe with readers over book talks, creative sessions, workshops, Q&As, and more, all in the social, design-first spaces – goSTOPS is renowned for. Whether you’re a city-dweller looking to meet your literary idol or a traveller craving a plot twist in your itinerary, goREADS promises an experience that’s meaningful, memorable, and creatively inspiring.

The first leg of goREADS brings two powerful voices to the fore. At its tech-powered hostel in HSR , Bengaluru, goSTOPS will host Shinie Antony, prolific author and founder of the Bangalore Literature Festival, for a freewheeling discussion about her books — including Can’t, Eden Abandoned and Hell Hath No Fury — and her experience curating one of the country’s most respected literary events. This scintillating and insightful session will be moderated by esteemed journalist and literature enthusiast, Monika Monalisa.

Meanwhile, in Goa, writer Michelle Mendonça Bambawale will take over goSTOPS Vagator with a discussion on her book Becoming Goan, with renowned journalist Sneha Vakharia. This will be followed by a candid Q&A session. Her talk will delve into the deeply personal journey of moving to Goa during the COVID-19 pandemic, rediscovering her ancestry, and finding her place in a city that often plays muse to many.

Sharing her thoughts on the launch of this new literary IP, Pallavi Agarwal, Founder & CEO at goSTOPS, said, “At goSTOPS, we’ve always believed that travel is much more than just ticking off destinations. It’s about discovery, connection, and stories you carry home with you. With goREADS, we’re doubling down on our mission to make travel meaningful. We are creating spaces where backpackers and bibliophiles come together, and where ideas, like memories, are shared long after checkout. This is the kind of community-driven experience that we believe the young traveller is hungry for — something real and refreshingly different.”

Shinie Antony, author and founder, Bangalore Literature Festival, noted, “Stories are a form of travel, taking our soul from point A to point B. The journey may be emotional, intellectual or physical, but ultimately all travel is spiritual.”

Michelle Mendonça Bambawale, author, added, “Travel is a transformative experience, and for me, moving to Goa amidst the pandemic was one such event. Through the inaugural goREADS event, I hope to inspire young travellers to read more, write, and document their journeys as they explore new destinations, since good storytelling can only happen when there’s a personal touch to stories.”

goREADS is designed to evolve as a series of year-round literary events that champion diverse voices and encourage authentic expression, be it through spontaneous readings, creative workshops, or literary collabs. By tapping into the storytelling power of literature, goSTOPS is building yet another touchpoint for travellers and communities to engage beyond the usual. It’s what the brand has always done best — turn hostels into hubs for community spirit, creativity, and discovery.

Bangalore, India, May 08, 2025 – Elgi Equipments Limited , a global leader in air compressor manufacturing, inaugurated its new corporate office on Richmond Road, Ashok Nagar, Bangalore. The six-level, purpose-built facility reflects ELGi’s commitment to innovation, collaboration, and sustainability.

Re-designed from the ground up, the office promotes a dynamic and engaging work environment while incorporating eco-conscious features such as energy-efficient LED lighting, an energy-efficient transformer, and future plans for rooftop solar panels. The inauguration ceremony was led by ELGi’s senior leadership in the presence of enthusiastic employees, marking a significant milestone in the company’s journey towards global compressed air excellence and innovation. 

Hyderabad, Wednesday, May 07, 2025: At the recently held WAVES Summit 2025 at Mumbai, a strategic Memorandum of Understanding (MoU) was signed between the Game Developers Association of India (GDAI) and the Services Export Promotion Council (SEPC– set up by the Ministry of Commerce and Industry, Govt. of India), marking a significant milestone in promoting collaboration, innovation, and growth in India’s rapidly evolving gaming and esports ecosystem.

This strategic partnership is designed to enhance cooperation between the GDAI and SEPC, across key industry dimensions including investment facilitation, international promotion, industry engagement, skill development, and global market access.

As part of the MoU, GDAI and SEPC have committed to promote bilateral investment opportunities, joint ventures, and business delegations to stimulate economic and technological collaboration; build a consortium of companies to amplify India’s gaming and esports export capabilities; foster technological advancement in areas such as AR/VR, gamification, AI, metaverse, animation, and visual effects; drive skill development and training initiatives to strengthen India’s talent pipeline and industry readiness amongst other goals to showcase India’s potential in video gaming, esports, and related emerging technologies.

Speaking about the MoU, Dr. Abhay Kumar Sinha, Director General, SEPC,  “This partnership is a key step towards boosting India’s services exports in the high-growth gaming and esports sector. By aligning with GDAI, we aim to unlock global market opportunities and strengthen India’s position as a leading exporter of creative and digital services.”

Sharing his views on the association with SEPC, Mr. Sridhar Muppidi, Chairperson,  GDAI, said, “This MoU is a major step toward positioning India as a global player in the gaming and esports sector. By working together, GDAI and SEPC aim to unlock new economic opportunities and help Indian developers, designers, and entrepreneurs reach new heights.”

Sridhar further added, “This partnership also reflects the government’s growing interest to recognise gaming and esports not just as entertainment avenues but as significant contributors to India‘s digital economy and export potential.”

The MoU further encourages cooperation in software development, internet technologies, data analytics, and immersive technologies to empower start-ups, creators, and enterprises.

New Delhi, May 07, 2025 – Manifest, the first company to successfully bring U.S. private equity real estate on-chain in a scalable and liquid format, today announced Indian investors can now participate in the $35 trillion U.S. home equity market through its innovative $USH tokenized real estate vehicle.

This breakthrough platform removes traditional barriers such as high entry costs, complex paperwork, and slow processing times—making U.S. real estate more accessible, transparent, and efficient for investors across India.

Through its innovative $USH tokenized real estate vehicle, Manifest is redefining global real estate investing—enabling Indian individuals and institutions to make legal, compliant, and institutional-grade property investments in the U.S. in under 30 seconds.

“American real estate is among the most stable and high-performing asset classes in history, and international investor demand is already tens of billions of dollars a year,” said Nathaniel Sokoll-Ward, CEO and Co-Founder of Manifest.

“But traditional investing has been hamstrung by high transaction costs, operational burdens, and geographic restrictions. By combining the global reach of Bitcoin with the native utility of stablecoins, Manifest is changing the game for real estate investors looking to enter the American property market,” Sokoll-Ward added.

Previous attempts at real estate tokenization didn’t solve the primary barriers to scaling real estate investment, or make the most exciting opportunities accessible to global investors. The solution is real estate investment that scales like software. As stablecoins scale by tapping into the unlimited supply of US treasuries, Manifest scales by unlocking $35 trillion in US home equity – without operational overhead or legal risk.

Manifest promises to redefine and win at real estate tokenization with $USH, an on-chain vehicle backed by Home Equity Investments (HEIs). Traditional real estate investments require high capital commitments and long holding periods, but $USH enables seamless, on-chain access to institutional-grade real estate with the liquidity and efficiency of stablecoins.