Macmillan to cross Rs 100 crore sales in 2003

By siliconindia   |   Monday, 18 August 2003, 07:00 Hrs
Printer Print Email Email
NEW DELHI: Shifting its core competence from publishing to information outsourcing, Macmillan India is all set to cross Rs 100 crore sales mark this year and aims at a 20 percent sales growth to over Rs 140 crore by 2005.

The Indian subsidiary of UK-based company expects to generate Rs 50 crore sales from its publishing wing.

The e-learning and information process initiatives would contribute the rest towards the current year sales target.

It posted Rs 82 crore sales with 30 per cent bottomline last year.

The company has been recording a 20 per cent sales growth with 25-35 per cent margins for the last 2-3 fiscals, he said adding, "Macmillan will like to sustain the trend".

There has been a shift in the company's focus towards core competence as it now focuses more on information process outsourcing segment.

The company does type-setting jobs at its Bangalore based BPO centre on scientific and technical journals for European and American publishers.

"We will focus more on information outsourcing jobs on scientific and technical journal in the days ahead," he said.

Macmillian India does outsourcing jobs for publishing giants like Elsevier (Germany), Wiley (UK & USA), Nature (UK & USA) and Blackwell (UK & USA).

SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..