In recent times, the political debate has intensified regarding former Army Chief General Manoj Mukund Naravane’s book Four Stars of Destiny. Amidst this controversy, one name came up again and again: Penguin Random House India. As soon as it became clear that the book has not been published yet, curiosity increased in the minds of people as to who is Penguin Publications, whether it is Indian or foreign, and how much money it earns. Let us tell you about this publication in detail and also tell you how much it earns.
Penguin Random House India is actually the Indian face of a foreign publishing group. Its parent company Penguin Random House is considered to be one of the largest book publishing companies in the world, which is headquartered in New York. However, its operation in India is done completely keeping the Indian market in mind. The company has been active in India for the last four decades and is counted among the major publishers of the country.
Why is the publication in discussion
Controversy arose regarding General Naravane’s book when Leader of Opposition in Parliament Rahul Gandhi showed alleged pages of it and raised questions about it. After this Penguin Random House India had to give clarification. The company clearly said that the book has not been published yet nor has any print or digital copy of it been released officially. If its parts have surfaced from anywhere, it could be a copyright violation.
How much does Penguin earn?
Now let’s talk about money, which is the topic of most interest to people. At the international level, Penguin Random House performed brilliantly in the year 2024. The company’s global revenue reached approximately 4.9 billion euros, which is more than Rs 52 thousand crore in Indian currency.
Whereas, if we talk about India, Penguin Random House India showed good growth in the financial year 2024. The operating income of the company increased to approximately Rs 405 crore. However, the profit decreased compared to earlier and was around Rs 9 crore. Despite this, the financial position of the company is considered strong because it has no external debt and it has adequate cash reserves.
How many books does the publisher print?
Penguin Random House India publishes on an average more than 300 new books every year. It is not limited to English only, but also publishes books in Hindi and many Indian languages. The company also works with regional publishers to reach readers in languages like Marathi, Tamil, Telugu, Malayalam, Bengali and Gujarati. More than 3,000 books are already present in its catalogue, which is called backlist. This backlist provides stable income to the company every year.
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