Cooper Corporation Launches Tractor Plant and NDC Series

Mumbai / Satara: Cooper Corporation, a globally renowned manufacturer of engines, engine components and generators, proudly inaugurated its state-of-the-art Tractor Plant in Satara, Maharashtra, on Saturday, 1st February 2025. The event also marked the launch of the company’s first-ever tractor, the Cooper Tractor NDC Series, designed to revolutionize farming with its superior performance, fuel efficiency and innovative engineering.

The inauguration ceremony was graced by Shri. Ch. ShivendraRaje Bhosale, Hon’ble Cabinet Minister for Public Works, Government of Maharashtra, as the Chief Guest. The event was also attended by esteemed dignitaries, including Shri. Mahesh Shinde (Hon’ble Vice Chairman, Maha. Krushna Khore Vikas Mahamandal, MLA) and Shri Clive Bagnall, Director – Global Product Development of Ricardo, UK.

The State-of-the-Art Tractor Plant and the launch of the Cooper Tractor NDC Series are a part of the company’s ongoing mission to innovate and provide superior, high-performance machinery to the agriculture sector. The Cooper Tractor, designed for tough terrains and heavy-duty operations, comes with an array of innovative features, such as high fuel efficiency, ergonomic design and lower maintenance costs. Developed in collaboration with renowned global engineering firms such as Magna Steyr for design, Ricardo UK for engine development, Carraro for transmission and Mita for hydraulics, the Cooper Tractor promises superior performance and savings in fuel, service and operational costs and is tailored for Indian farming needs. As Mr. Farrokh Cooper is the first agriculture graduate to own a tractor factory and has his own agricultural lands, he is well aware of what exactly a farmer needs from a tractor and has provided his personal insights into the design and development of the Cooper tractor.

Shri. Farrokh N. Cooper, Chairman & Managing Director, Cooper Corporation Pvt. Ltd., expressed his vision for the new venture, stating “Today marks a historic milestone for Cooper Corporation as we step into the agricultural sector with the launch of our first-ever tractor. The Cooper Tractor NDC Series is a result of years of research, innovation and dedication to delivering a product that truly serves the needs of Indian farmers. Built with global expertise and local insights, this tractor is designed to enhance productivity, reduce operational costs and withstand the toughest farming conditions. As a company deeply rooted in Satara, we are proud to contribute to the growth of Indian agriculture and the prosperity of our farmers.”

The Cooper Tractor NDC Series is engineered to meet the diverse needs of modern farming. With features like dual-clutch transmission, power steering and a low turning radius of 3 meters, the tractor ensures ease of operation and superior performance. Its fuel-efficient 4-valve engine, Bed plate design, HLA, Bosch Fuel System, ceramic-coated rings, Piston Cooling Jet and long-life compacted graphite cylinder head, First of its kind for Long life & Durability and low maintenance, Champion at Haulage and farming operations like ploughing and rotavator, No front weight , Long tyre life, It boasts key advantages such as no engine oil top-up, longer service intervals , The tractor’s superior performance is highlighted by its easy deep ploughing, low RPM drop during fieldwork and a quick forward & reverse shuttle lever, etc. making it a reliable companion for farmers. Cooper Tractor is built to serve the world with the highest standards of excellence.

Designed to tackle the most demanding conditions, these tractors provide outstanding load capacity and exceptional all-terrain capability. With cutting-edge fuel efficiency and a host of innovative features, the Cooper NDC series minimizes operational costs while ensuring maximum productivity. Designed with the farmer’s needs in mind, the Cooper Tractor combines precision and power to meet the diverse demands of modern agriculture. From its ergonomic design to its heavy haulage capabilities, it delivers superior savings, reliability and versatility.

MapmyIndia Q3FY25 Revenue Up 24.5%, EBITDA Up 15.7%

New Delhi, India, 29th January 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 the Third Quarter and Nine months of FY2025 ended on 31st December 2024.

Key Consolidated Financial Highlights for Q3 and 9M FY25:

Particulars (Rs Cr) Q3 FY25 Q3 FY24 YoY % Growth 9M FY25 9M FY24 YoY % Growth
Revenue from Operations  114.5 92.0 24.5% 319.7 272.5 17.3%
Total Income 123.9 103.6 19.6% 348.8 298.3 16.9%
EBITDA 41.7 36.0 15.7% 122.0 114.4 6.7%
EBITDA Margin (%) 36.4% 39.0% – 38.2% 42.0%
PAT 32.3 31.1 4.0% 98.6 96.2 2.5%
PAT Margin (%) 26.1% 30.0% – 28.3% 32.0%
Cash & Cash Equivalents (including financial instruments) 603.8 516.1 – 603.8 516.1

Commenting on the Q3 and 9M FY25 results, Rakesh Verma, Chairman & Managing Director, MapmyIndia, said “In Q3 FY25, we successfully operationalized the joint venture with Hyundai Autoever in Indonesia, marking an important step in expanding our global footprint. As part of our long-term strategy, both the Mappls App and the Mappls brand will continue to be the integral part of the organization.

On the financial front, our revenue for Q3 FY25 reached ₹115 crore, showing a 25% YoY growth. Over the first nine months of FY25 (9M FY25), our revenue grew to ₹320 crore by 17%, up from ₹273 crore during the same period last year.

In terms of profitability, our EBITDA for Q3 FY25 was ₹42 crore, yielding a margin of 36%, compared to ₹36 crore in Q3 FY24 at 39%. For the first nine months of FY25, our EBITDA stood at ₹122 crore, with a margin of 38%, as compared to ₹114 crore and 42% margin recorded in the same period last year. We will continue to prioritize the Mappls App as a key strategic asset while we will calibrate the costs associated from Q4 onwards. Our Profit After Tax (PAT) for the first nine months of FY25 was ₹99 crore, up from ₹96 crore in 9M FY24.

In Q3 FY25, Consumer Tech & Enterprise Digital Transformation (C&E) revenue surged by 39% to ₹65 crore, while Automotive & Mobility Tech (A&M) revenue had a steady growth of 9% to ₹49 crore. In the first nine months of FY25, our A&M revenue grew by 16% YoY, while our C&E revenue saw a 19% increase. Our Map-led business delivered a very strong 33% growth to ₹87 crore in Q3 FY25, while the IoT-led business had a growth of 4% during the quarter due to delays in some anticipated business. However subscription services grew 31% year on year for the quarter. Our continued focus to build IoT-led business with higher margin subscription revenue has resulted in the IoT-led EBITDA margin to grow from 8% in 9M FY24 to 12% in 9M FY25.

Our efforts in the previous quarters culminated in securing a major deal with one of the largest global social media networks across all their app platforms in India, as well as significant wins in the burgeoning quick commerce space and BFSI vertical, which had a strong positive impact on our C&E business. We also made significant strides in customer acquisition and deepened relationships with existing clients through upselling and cross-selling initiatives. This included notable go-lives and project wins across various sectors, such as automotive, fleet management, tech startups, traditional corporations, government and defence.”

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