Macmillan India Limited, the local arm of publishing major Macmillan, UK, is expecting a 20 per cent growth in turnover in 2004 while planning to focus on business process outsourcing business to render information processing enabled services to other publications.
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The company, which registered a turnover of Rs 100 crore (Rs 1 billion) and Rs 31 crore (Rs 310 million) profit after tax in 2003, expected about 20 per cent growth in business this year, MIL managing director Rajiv Beri said in Kolkata on Thursday.
He said MIL, besides its publishing business, also had a wing for IPES business. The company is focussing on BPO services of 'pre-press typesetting' for other publications.
"Our information processing division is world renowned for its typesetting and originating services. The current output of IPD units in Chennai and Bangalore is 600,000 journal pages per year, where editing, structuring and digitising the contents are being done," he said.
MIL has been providing the IPES services for some international science journals, he said, adding "this year, we would start another BPO project with a leading US yellow page named Yellow Book".
Asked if the holding company Macmillan UK, having 70 per cent stake, had any plan to increase shareholding in Indian subsidiary, Beri said, "raising the stake is no big deal, but since it already has the controlling stake, further increase will not be something significant from the point of view of shareholders".