MAPMYINDIA Management Interview:
- Targeting 1000 crores revenue by FY27-28 which will completely be organic growth. Automotive segment expected to contribute the most.
- IOT Business planning to grow by 10x. SAAS income plays an important role.
- Plan to continue to be B2B. IOT devices need to be used for any case wherein there is some kind of movement of from the logistics point of view, tracking of the same needs to be done. Safety is also a use case for our tracking solutions.
- Mappls App is gaining traction in the B2C segment.
- EV Business: They require more technology and monitoring. Provide battery efficient navigation as they need to find navigations. Efficient route mobilization for battery saving. Find battery charging stations on route. Working with EV fleet owners.
- Defense & Drone Space is something they are working on along with the government. Business mix is very huge.
- Profitability: High Margins with EBITDA margins around 40%.
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