The year 2006-07 has been a landmark one for all of us at Infomedia as
we took definitive strides in our journey to becoming the countrys
leading Publishing ITES company by 2010. This year saw us successfully
navigate into a new business segment, Publishing Outsourcing, while we
continued to develop our core publishing business.
A positive outlook on the Indian economy over the next five years keeps
the growth flavour in tact for key industries and sets the tone for
exponential development in vital segments such as infrastructure,
financial services and media among many others. What is also important
is the evidence that growth has impacted not just major metropolitan
cities but is also inclusive of tier-ll and tier-Ill cities as well as
regional centers. A rising consumer class, improved literacy levels,
higher disposable incomes and wider reach become key factors
influencing growth in the media segment.
Having commenced our journey towards building a proactive and growth
oriented publishing ITES company by 2010, it becomes important that we
make the right choices and lay a solid foundation to be able to pursue
robust growth objectives. Our acquisitions in the Publishing
Outsourcing space provide Infomedia with an excellent platform for
growth. Apart from customer interface in the two major markets in the
world, the United Kingdom and the United States, we have also acquired
a clientele spanning several of the finest book publishers across the
Infomedia is changing. The progressive impact of our acquisitions on
our business can be gauged by a review of our consolidated results
reflecting the highest recorded turnover in Infomedias history during
2006-07. Publishing Outsourcing formed close to 25% of our consolidated
revenue during 2006-07. Our core publishing business grew by around 23%
year-on-year during 2006-07.
As Indias market leader in Yellow Pages, we extended our services to
five new cities during this year and introduced innovative directory
products catering to a cross- section of users from industries to
households. And we are working on extending our Yellow Pages dominance
across the Internet and Mobile channels. Our Special Interest Magazines
today are the preferred choice of readers across all walks of life. Our
strategic partnerships with global majors such as Reed Business
Information. Ringier, Vogel-Burda. Disney and Future to name a few,
have given us excellent international platform.
As leaders of today, we are focused on being the pioneers of tomorrow
Of course, none of this would have been possible without the unstinting
support of the entire Infomedia family.
Even as we operate in an increasingly competitive environment, we
remain poised for the future, driven by a focused approach to creating
a profitable business mix supported by efficient operations.
The future is full of promise. And Infomedia is readying itself for the
Yours sincerely. Prakash lyer Circa 1931, Indias most respected
business family establishes Tata Press. Present day scenario: the same
company is all set to become Indias leading Publishing ITES and
Internet company. The past year was a crucial one in which Infomedia
India evolved a fresh strategy to aggressively grow the business.
A dynamic corporate team in place at the top has drawn out the
blueprint for future success. Heres how the story unfolded...