Tuesday, February 9, 2010

Hachette India climbs to second place”

Hachette India is beating its own financial expectations, after a strong year of sales has seen it soar into place as the second-largest trade publisher in the country by value terms.

Managing director Thomas Abraham said 2009’s turnover - roughly R270m (£3.6m) - was now the second biggest in India, having surpassed both HarperCollins and Random House. Penguin remains the biggest publisher, having generated a turnover of more than double Hachette's.

“We didn’t expect to be number two after our first full year... We thought we would have a good year, but we expected that to be three years away," said Abraham.“It will take a long time for anyone else to catch up [with Penguin], but we will get there,” he added.

Full report here Bookseller

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