MapMyIndia has reported that its CEO and whole-time executive, Rohan Verma, will step down from his official role effective March 31, 2025. Verma will move to a modern part as a Non-Executive Chief on the company’s board.

In a stock exchange filing, MapmyIndia affirmed that Verma plans to center on propelling a modern commerce venture exclusively focusing on the B2C segment.

MapmyIndia’s board has endorsed a venture of Rs 10 lakh for a 10% value stake in the unused substance and an extra Rs 35 crore through Compulsorily Convertible Debentures (CCDs).

This key move permits MapmyIndia to keep up its center on its center B2B and B2B2C businesses whereas supporting Verma’s entrepreneurial ambitions.

Chairman and Managing Director Rakesh Kumar Verma will proceed to give administration at MapmyIndia. Beneath his direction, the company points to reinforce its position in geospatial advances and related innovations.

The Board of C.E. Information Frameworks Ltd. (MapmyIndia) moreover affirmed a Rs 3 crore speculation in SimDaaSIndependence for a 9.37% stake and Rs 2 crore in Kaiinos GeoSpatial Advances for a 19.84% stake, both through Compulsorily Convertible Preference Shares (CCPS).

MapmyIndia detailed a 13.82% year-on-year hop in income from operations to Rs 103.67 crore in Q2 FY25. In any case, it enlisted an 8.2% drop in solidified net benefit to Rs 30.33 crore in Q2 FY25, compared to Rs 33.04 crore in Q2 FY24.

source: entrackr.