BUSINESS PROFILE :
Macmillan India Limited (Macmillan) was established in 1893 and later in Jan. 19, 1970 it became a corporate entity. Macmillan India, 61% owned by the Verlagsgruppe Georg Von Holtzbrinck group of Germany, is involved in publishing, information processing and e-business. Macmillan`s publishing division is involved in publication of school and higher education textbooks, reference books and general titles. Its information processing division is involved in typesetting and originating services.
eMacmillan, its e-business division is involved in online educational portal development, web design, e-commerce and IT solutions. eMacmillan Software Services is involved in software development, multimedia and technical support services and operates a offshore development team in Bangalore. MPS Technologies, a subsidiary of Macmillan, provides publishers with publishing solutions. Macmillan also has partnership with UK-Pindar systems. The company`s main markets are India, North America, the UK and Japan.
Macmillan India had reported a steep drop of 36.69% in net profits for the quarter ended Sep. 2006. During the quarter, the company reported a fall in profits from Rs 83.27 million to Rs 52.72 million. Sales for the quarter rose 9.90% to Rs 283.91 million compared with the corresponding quarter, a year ago. The company had reported a net profit of Rs 409.35 million for the year ended Dec. 31, 2005 as against Rs 433.67 million in Dec. 31, 2004
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