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Times Internet projects fiscal net to cross Rs 1,000 cr

Delhi,Business/Economy, Mon, 24 Oct 2016 IANS

New Delhi, Oct 24 (IANS) Times Internet on Monday announced its revenue is expected to cross Rs 1,000 crore this fiscal.

The company also said it has become the country's largest internet business in terms of net revenues and reach, which has touched the level of 175 million users each month,

"It has crossed 175 million unique monthly visitors and is on track to cross Rs 1,000 crore in net revenue this fiscal year," the company said in a relase here.

"Times Internet is now India's largest internet business, in terms of net revenues, reach, and engagement," the release said.

"With more than half of India's internet population on Times Internet's platforms, the company is well aligned to achieve a revenue spike of 45 per cent in comparison to the last fiscal year," the statement added.

The company said it "runs over 35 leading digital properties".

"While businesses like Timesofindia.com, Cricbuzz and Gaana reach mass audiences, others, like MagicBricks or MensXP target specific user segments."

CEO Times Internet Gautam Sinha said in the statement: "Both our net revenues and audience reach have grown 3-4 times, which makes us feel positive about the effect of our strategy."

--IANS

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