Startup Originals Team
MapmyIndia, India’s premier digital mapping and geospatial solutions provider, has significantly strengthened its presence in the connected mobility space by raising its stake in Gtropy Systems Private Limited to 96%. This strategic acquisition highlights MapmyIndia’s commitment to advancing its offerings in fleet management, telematics, and IoT solutions for the logistics industry.
Acquisition Details:
As part of the deal, MapmyIndia’s parent company, C.E. Info Systems, acquired 43,759 equity shares at ₹5,713 per share. The total transaction was valued at ₹24.99 crore, raising MapmyIndia’s shareholding in Gtropy from 76% to 96% on a fully diluted basis. With this move, Gtropy has effectively become a wholly owned subsidiary of MapmyIndia. The acquisition has been duly reported to the stock exchanges in line with SEBI’s regulations.
Strategic Significance:
The acquisition is expected to further MapmyIndia’s ambition to be a leader in the digital mapping, geospatial, and IoT-based solutions market in India. Gtropy Systems brings advanced capabilities in GPS tracking, professional fleet management, IoT-enabled logistics, and supply chain analytics. MapmyIndia intends to leverage these strengths to deliver end-to-end integrated solutions to businesses in logistics, transportation, government, construction, and more.
About Gtropy Systems:
Gtropy Systems is a leading provider of GPS tracking and fleet management solutions in India. Its offerings include live vehicle tracking, asset tracking, supply chain analytics, and cloud-based control centers. The company’s scalable platform currently manages over 200,000 live vehicles and works with 350+ partners across diverse industries, such as cargo logistics, passenger transportation, oil & gas, construction, FMCG, and public safety. Gtropy’s quarter-on-quarter growth of about 40% reflects the growing demand for smart fleet solutions in India.
Financial Impact and Market Position:
The transaction underlines MapmyIndia’s confidence in the growth trajectory of Gtropy and its relevance for the company’s integrated mobility solutions strategy. MapmyIndia itself reported strong quarterly financials, with revenue and profit surging year-on-year, reinforcing its leadership in the sector. As a result of this acquisition, MapmyIndia is better positioned to offer comprehensive solutions for enterprises aiming for efficient, technology-driven logistics and transport operations.
MapmyIndia’s boosted stake in Gtropy signals its dedication to building India’s most advanced, intelligent location and mobility ecosystem.
