In 1995, a US-returned husband-wife duo started a then impossible journey of mapping entire India. This was ten years before the launch of Google maps! Today, the company founded by Rakesh and Rashmi Verma provides digital maps and location-based IoT (Internet of things) technologies to some of the biggest companies in India. Under the ‘MapmyIndia’ brand, its digital maps cover 98.5% of Indian roads. It runs a profitable business and has low variable costs. Even the government of India uses its mapping services for the CoWIN App.
Revenue: 6.1%; Net profit: 31.7% (FY19-21 CAGR)