Posts Tagged: Rakesh Verma

MapmyIndia, founded by Rakesh Verma, to help strengthen Incubation and Innovation at BITS Pilani with a pledge of INR 1 Crore

Rakesh Verma, India’s original digital map data product maker and the founder of MapmyIndia, a Make in India, Deep-Tech company which specializes in Maps, Navigation, Tracking, Analytics, GIS, GPS, IoT & location technologies has pledged INR 1 Crore towards strengthening the Incubation and Innovation ecosystem. Well-known for its students and alumni startups, 17 of BITS alumni-led startups have raised $700 million in past few months. MapmyIndia will further support promising student entrepreneurs by mentoring and advisory, workspace, seed/angel funding and incubation to help accelerate their ideas.bits_pilani_blog_image“I am indebted to BITS Pilani, a generous giver, my almamater has played a key role in shaping me personally and professionally. And it gives me great pleasure to be part of this unique initiative – BITS Pilani Incubation and Innovation Centre (BPIInC). In this pandemic hit scenario we will churn out job creators rather than seekers – a class of professionally Aatmanirbhar students via Mentorship, guidance, funding and incubation. BPIInC will be a legacy builder, one that will have a lasting impact on the future generations of the bright and talented alumni that will walk through the hallowed precincts of this great institution, says Rakesh Verma, Founder, Chairman and Managing Director, MapmyIndia, a BITS alumnus, class of 1972.

Prof. Souvik Bhattacharyya, Vice-Chancellor, BITS Pilani, said, “What MapmyIndia did in 1990s, despite a lack of support system really inspires us at BITS – it’s our commitment and ambition to support innovators on the campus with the resources they would need to be successful. With Rakesh’s pledge, we are moving a step closer to our intended goals.”

This initiative comes close to the heels of the recent path breaking partnership between MapmyIndia and ISRO to create India’s indigenously developed most advanced geospatial services, as a shining example of public-private partnership to enable Aatmanirbhar Bharat, and the Government of India’s historic announcement of the opening up of geospatial industry to bring the benefits of geospatial to the entire economy and society. MapmyIndia is quickly making moves to leverage them advantageously by speeding up innovation and increasing the output of the Indian geospatial sector.

Prof. Arya Kumar, Dean, Alumni Relations, added, “BITSian entrepreneurs and the alumni network has been widely acknowledged as one of the most helpful innovation networks, with support available to anyone with a viable idea. Rakesh Verma has been a long-standing contributor to this network, and his collaboration with the incubation efforts at BITS will help scale outcomes to newer heights.”

The funds from MapmyIndia shall be used for augmenting the upcoming Incubation and Innovation Centre at the Pilani Campus being built at the cost of Rs. 15 Crore – a 20,000 sq. ft. space for innovation labs and co-working spaces for enabling students and faculty with their ideas to change the world.

About BITS, Pilani
BITS Pilani, established in 1964, is an institute of eminence and offers undergraduate, postgraduate and doctoral program in Engineering, Sciences, Pharmacy, and Management from its four campuses at Pilani, Goa, Hyderabad, and Dubai. It also offers Work Integrated Learning Programmes for working professionals. It has more than 150,000 alumni across the globe from its on-campus and WILP programmes.

About Rakesh Verma and MapmyIndia (CE Infosystems Pvt. Ltd.)
Rakesh Verma, a visionary had predicted in 1995 that almost 80% of all data will have a location element to it and today the impact of location technology is there for all of us to see. A pioneer of location technology in the country Rakesh founded MapmyIndia, India’s leading digital mapping & location-based deep-tech company. For his achievements Rakesh has received many awards and recognitions from the governments, media and institutions. These include – Chair, FICCI committee on Geospatial Technologies – 2020; Distinguished BITS Alumni – 2020, Leader, FICCI Business Delegation to Croatia accompanying Hon’ble President of India in 2019; Member Think Tank, Framework for a National Policy on E-commerce, GoI-2018; Geospatial Leader of the Year- 2018; 50 BITSian achievers in the last 50 years recognition by BITS Pilani-2017; Harvard Business Review Case Study “Customer funded highly effective business model”-2014, Member National GIS Core Group, Planning Commission, Government of India-2012, World’s, NASSCOM Showcase Company for IT Innovation in India – 2005.

MapmyIndia is a 100% make in India organisation and winner of the Government of India’s Aatmanirbhar App Innovation Challenge 2020. MapmyIndia pioneered digital mapping in India in 1995, and since then has built India’s most comprehensive, accurate and feature-rich digital map data set down to address and urban building level detail pan India, covering all villages across India, and the entire road network of the country.

MapmyIndia has also built a whole suite of location-based technologies, applications, APIs, IoT solutions and has capabilities across the map APIs, navigation solutions, tracking systems, IoT & Telematics solutions, GIS and geo-spatial analytics solutions, big data, AI/ML, computer vision, cloud computing, edge computing, consumer apps and enterprise SaaS, and IoT devices and gadgets that it delivers to individuals, government organisations, businesses, automotive companies and app developers. With its vast experience and expertise, MapmyIndia provides platforms and solutions for citizens, residents and local, state and central government authorities towards Smart Cities, Digital Door Number Address Systems, Urban Planning, Urban Transportation & Mobility, Emergency Response, Road Safety, Smart Governance, Swacch Bharat, Grievance reddressal, Traffic Management etc.

Rakesh Verma, Managing Director, MapmyIndia adjudged ‘Business Leader of the Year’ at the Indian Geospatial Awards 2016

Hon’ble Union Minster of State for External Affairs General (Retd.) V.K. Singh gave the award.geospatial_award_mapmyindia_2

New Delhi, March 7, 2016: Rakesh Verma, Managing Director, MapmyIndia, India’s leader in digital maps, GPS navigation and location based services (LBS) has been honored as the Business Leader of the year at the Indian Geospatial Awards 2016. The Honorable Union Minster of State for External Affairs, General (Retd.) V.K. Singh gave the away the award at an event attended by the leading lights of the industry at the India Expocentre, Greater NOIDA, UP.

The award is an acknowledgement of Rakesh’s commitment and immense contributions towards building a strong national infrastructure of digital maps. The fact that individuals and enterprises across India benefit from the dynamic maps and services built around this infrastructure was not lost upon the jury. 2015 has been a very special year for MapmyIndia, when it took the maps to mainstream through innovative products and services.

Rakesh was selected from amongst the nominations of various luminaries of the industry whose contributions have impacted the lives of millions and are second to none. An eminent jury under the chairmanship of Dr. Sailesh Naik, Former Secretary, Ministry of Earth Sciences, Govt. of India, comprised of Ms. Bharti Sinha, Executive Director, AGI India and Lt Gen AKS Chandele (Retd.), President, Defence Security and Public Safety, Geospatial Media as members, had decided the awards. Other awardees included Chairman, ISRO, Shri A.S. Kiran Kumar.

“This is a rare honour and a proud moment for all MapmyIndians. The award acknowledges the achievements of MapmyIndia as an organization and contributions of our various stakeholders, and recognizes our efforts to ‘Make in India’ and ‘Make for India’ the best and most comprehensive map data and location technologies for India. I receive this award with great humility and on behalf of each and every one of our stakeholders – employees, customers, distributors, partners and investors without whose commitment, passion, efforts and encouragement this day would not have come. The bar has been raised and with a strengthened resolve we pledge to work towards our mission of making the world better by building and providing the best maps and location technologies,” says Rakesh Verma, Managing Director, MapmyIndia.

MapmyIndia has been at the forefront of providing best-in-class GPS navigation & tracking and GIS-based enterprise solutions across various platforms to individuals and corporates. It has been experiencing exponential growth for the past 5-6 years with YoY growth rate over 100% last year. The driver for this growth has been MapmyIndia’s constant innovation in the automotive, e-commerce, enterprise, government and consumer markets which need cutting edge map and location-based technologies. It has been working closely with leading corporates including BMW, Jaguar Land Rover, Mahindra & Mahindra, Ford, Maruti, Hyundai, Flipkart, Ola, Jet Airways, Coca-Cola, Dabur, Airtel, PSUs, Urban Local bodies, Municipal Corporations, etc.


About Indian Geospatial Awards 2016

The Indian Geospatial Awards have been instituted to recognize exemplary innovations and practices in geospatial industry – the efforts in innovations and excellence brought forward by geospatial technology developers, professionals, end users, policy makers and business leaders.

About MapmyIndia

MapmyIndia (CE Info Systems (P) Ltd.) is India’s leader in premium quality map data and APIs, GPS navigation, tracking, location apps, and GIS solutions. MapmyIndia’s mission is to make the world better through maps and location technologies. A New Delhi-based ISO 9001-2012 company with 750+ people, founded in 1992, MapmyIndia pioneered digital mapping in India, and since 1995, through continuous field surveys and state-of-the-art mapping technology, has built its proprietary MapmyIndia Maps, the most comprehensive, accurate, reliable, full-featured and continuously updated digital map dataset for all India. MapmyIndia builds and provides the most advanced maps of India including its revolutionary RealView service which captures, analyses and publishes the world in 360 degree photo-realistic clarity, the best GPS-based IoT (“Internet of Things”) devices optimized for in-vehicle and personal navigation and tracking, market-leading location-based SaaS (“Software as a Service”) for enterprise and professional use, and popular and delightful hyper-local consumer mobile and web apps, including, India’s very first interactive online mapping portal, and NaviMaps, the best offline GPS navigation app for India.

Flipkart licenses Map Data and acquires a strategic minority stake in MapmyIndia, and the world is abuzz.

"Flipkart Maps a New Route with 34% Pie in MapmyIndia", The Economic Times - December 4, 2015

“Flipkart Maps a New Route with 34% Pie in MapmyIndia”, The Economic Times – December 4, 2015

"Flipkart buys minority stake in MapmyIndia", The Times of India - December 4, 2015

“Flipkart buys minority stake in MapmyIndia”, The Times of India – December 4, 2015

"Flipkart buys stake in MapmyIndia", Hindustan Times - 4 December 2015

“Flipkart buys stake in MapmyIndia”, Hindustan Times – 4 December 2015

"Flipkart picks up stake in MapmyIndia", Mint - December 4, 2015

“Flipkart picks up stake in MapmyIndia”, Mint – December 4, 2015

"Flipkart Takes Stake in MapmyIndia", The Hindu Business Line - December 4, 2015

“Flipkart Takes Stake in MapmyIndia” The Hindu Business Line – December 4, 2015