World of MG | MG Developer Program & Grant | Mr. Rakesh Verma, Chairman and Managing Director

Mr. Rakesh Verma

Chairman and Managing Director - MapmyIndia

“More than 80% all data will have a location component to it,” said Rakesh as early as in 1995 when he started his venture. And to realize this vision, he set to work to map out India in all her vastness and variety, in fine details. Building a team of dedicated professionals, he went on to create the most comprehensive and perhaps the first digital map data product of India and also a platform indigenously developed to serve the map of any county for various use cases. Rakesh’s business philosophy of innovation and profitability, has guided MapmyIndia to become one of India’s most successful technology companies that has created value for its stakeholders – the culmination of which was MapmyIndia being recognized as a ‘Unicorn’ in 2021, post company’s blockbuster IPO that was oversubscribed by more than 154 times and stock listed with an opening day premium of 65% despite uncertain market conditions.

Not the one to sit on past laurels, Rakesh has now set sights to make the company into a global player through its Mappls brand. An engineer from BITS Pilani (1972), and an MBA from Eastern Washington University, U.S.A. (1979), Rakesh has been conferred many prestigious awards, recognitions and is sought after by governments and leading industrial bodies to lead or be part of think-tanks and committees on geospatial and location technologies.