MapmyIndia Unveils AI-Powered Data Analytics Firm

MapmyIndia is an Indian technology company that builds digital map data, telematics services, location-based SaaS, and GIS AI technologies. Founded in 1995, the company is headquartered in New Delhi with offices across India and in the San Francisco Bay Area and Tokyo. In 2004, the company launched the first Indian interactive digital mapping portal that provided free, customized, location-based services. In 2010, MapmyIndia launched a GPS navigation service called Road Pilot, which preloaded Indian cities, villages, and destinations. The company’s online maps are integrated with ISRO Satellite Imagery. It also won the Government of India’s AtmaNirbhar Bharat App Innovation challenge for its consumer app. To expand its market reach and enterprise offerings, MapmyIndia, launched ClarityX, an AI-driven data analytics and consulting company.

About ClarityX

Founded by MapmyIndia co-founder, Rakesh Verma, Clarity X aims to provide customer-centric AI-driven data Analytics and consulting services to enterprise clients. This B2B service platform will leverage AI and Human Intelligence to offer tailor-made actionable insights to enterprise customers across industries. It offers a range of products and solutions including proprietary index, machine learning models, and insights like category-trend analysis, etc. An example of the company’s operations includes a green mobility company used to identify prime locations for charging stations and optimizing urban hotspots and highway sites. Another financial services company uses ClatiyX micro-market models to identify optimal ATM locations. The company was launched on 24 June 2024 and has begun operations with an expectation to clock Rs.50 Crore revenue within the first year. This partnership will also enable MapmyIndia to deliver more value-added analytics and consulting solutions, resulting in growth opportunities. 

Co-founder and CMD on this development

Rakesh Verma, Co-Founder and CMD of MapmyIndia has launched a new firm named ClarityX. Verma revealed that MapmyIndia began as a data analytics company, and with ClarityX, the founders aim to renew their focus on data analytics and consulting services. “We see ClarityX as an Indian alternative to global Big Four consultancy firms,” Verma stated. The Big Four, consisting of Deloitte, EY, KPMG, and PwC, dominate the accounting and professional services industry worldwide. ClarityX aspires to provide a competitive edge against these multinational giants.

Conclusion: With ClarityX, MapmyIndia aims to revolutionize data analytics and consulting, offering comprehensive solutions for enterprises across sectors.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.