Penguin India targets to cross 100 cr business

Penguin India targets to cross 100 cr business

New Delhi: Penguin India, a leading publishing house, is targetting to cross Rs100 crore business this year, that also marks 20 years of its operations in the country.

“We have achieved a growth rate of 23% in the publishing market here and we expect to become the first Indian publishing company to reach the landmark Rs100 crore business in this anniversary year," Penguin Worldwide Chairman John Makinson said here on 5 September.

Penguin India was the first international publisher in the country to develop a sustained publishing programme in a language other than English and its local publishing programme in 2006 was 21% ahead of 2005.

After Hindi, Urdu and Marathi titles the group is now looking at Malayalam market.

“We would begin publishing in Malayalam from this November and we already have over 60 titles in Hindi, Marathi and Urdu," Makinson said.