Aeris, an Internet of Things (IoT) service provider formed a partnership with MapmyIndia to offer geo-spatial intelligence based IoT solutions in India by leveraging their respective areas of competence.
It is said that the global IoT market is expected to cross $200 billion by 2020. The IoT market in India stands at $5.6 billion with 200 million connected devices in 2016. This is expected to grow to $15 billion with 2.7 billion devices by 2020 presenting a significant opportunity for technology and service providers.
Managing Director, MapmyIndia, Mr. Rakesh Verma said that the world is moving from automatic to autonomous operations. “The partnership with Aeris, a pioneer in the IoT space, will go a long way in making the Indian businesses globally competitive. I am confident that the combination of MapmyIndia’s best-in-class mapping & GIS solutions and the pioneering IoT prowess and global experience of Aeris will be a big boon for not just the Indian businesses and enterprises but will benefit the whole country.”
Aeris and MapmyIndia will jointly develop solutions which are expected to address business challenges such as ubiquitous tracking through connectivity.
President, Aeris Communications, Dr. Rishi Bhatnagar, said “We are witnessing the evolution of the IoT ecosystem globally with businesses recognizing the need to invest in technologies and solutions based on IoT. Our tie-up with MapmyIndia is primed towards helping businesses leverage the potential of IoT to realize business benefits that are multi-dimensional, innovation-driven and transformative. I am confident that this will change the way verticals operate and companies perform,”
For more information, please contact: Aeris Kevin Petschow +1.312.985.9182 Kevin.Petschow@aeris.net or Prayukth K V +919900384022 Prayukth.firstname.lastname@example.org MapmyIndia Naman Mittal +91 9718001166 email@example.com
Anu Saraf of Business India got a chance to speak with Mr. Rakesh Verma, Managing Director & co-founder of CE Info Systems Pvt. Ltd. the holding company for MapmyIndia. It is said that every problem is an opportunity in disguise. So was demonetization. It all started whem senior officials from SBI contacted MapmyIndia, asking to make them an app which would help the customers find SBI ATMs which had money in them. The biggest challenge was that this project had to be completed within a week’s time. “I am proud to state that we worked 14 hours daily to make this happen” says Mr. Rakesh Verma. This is not our first time, we had earlier undertaken a similar drive, when we make an app for the government, detailing location in rural India where LPG cylinders were available.
Speaking of his business Mr. Verma says “although we were cash positive, our turnover in 2004 was only Rs. 4 crore, which increased to 6 crore in 2006. Now it is estimated to Rs. 135 crore in March 2016 with a profit of Rs. 27 crore after taxes.
The company is known to have grown 60% last year, largely on account of our licensing business. MapmyIndia was in the news last year when Flipkart picked up 34% stake in the company summing up to Rs. 544 crore, valuing the company to Rs. 1600 crore.
Nidhi Singal from “Business Today” covers MapmyIndia’s DriveMate. DriveMate is a unique plug-and-play GPS tracking device that can offer real-time monitoring of your car. To learn more about DriveMate visit :- http://www.mapmyindia.com/drivemate/
MapmyIndia participated at TU-Automotive Japan, held in Tokyo from 18-19 Oct 2016. The conference covered areas like fastest changing and hottest tech areas in the connected vehicle industry. A platform to explore and share knowledge of telematics and smart mobility. Shivalik Prasad, Director, MapmyIndia spoke on business models showing how local players can empower global players with the help of telematics. He spoke about high definition map data base, navi solutions, image processing for autonomous cars, indoor maps, RealView and Lidar data processing, the ingredients for the connected car ecosystem global OEM’s are building.