MapmyIndia sees billions from a company it bought for Rs 13.50 crore

He is looking at scaling up the Gtropy business and investing in brand building. “The other investments that we are doing is in the brand building and awareness for MapmyIndia Mappls,” he said.

The company also reported its second-quarter earnings and the revenues came at an all-time high. Its Gtropy business looks solid with revenues doubling on a sequential basis but it is the margins where the contraction has been seen this time at 41 percent versus 47 percent last year.

“The business has been in a very good situation, revenues have been growing 35 percent. This Gtropy business doubled its revenue sequentially,” he said.

In terms of order wins, qualitatively and quantitatively, the momentum is looking quite strong, he mentioned.