Hotline: 1800 102 2007
X
Search Business Opportunities
Jun, 29 2018

Penguin Random House India buys Hindi books publisher 'Hind Pocket Books'

That same year, Penguin Random House bought the stake it didn’t already own in its Indian arm from joint venture partner Ananda Publishers.

The Indian subsidiary of US-headquartered publisher Penguin Random House has acquired Hind Pocket Books, which specialises in Hindi titles, for an undisclosed amount.

In a statement, Penguin Random House said the acquisition was aimed at boosting its offerings in local languages.

“This acquisition represents our commitment to expand our local-language publishing as we continue to implement our global strategy of growth in our key markets such as India,” said Markus Dohle, Chief Executive Officer of Penguin Random House.

Vaishali Mathur, previously responsible for Indian language publishing and rights at Penguin Random House India, has been appointed as editor-in-chief of Hind Pocket Books.

Penguin Random House was formed in 2013 from the merger of Random House and Penguin Group. The merger created the biggest book publisher in the world.

That same year, Penguin Random House bought the stake it didn’t already own in its Indian arm from joint venture partner Ananda Publishers.

Penguin began publishing in India three decades ago while it started its Hindi publishing programme in India in 2005. Penguin publishes books across genres. Its children’s titles are published under the Puffin imprint.

Established in 1958, Hind Pocket Books Group was founded by DN Malhotra. It has published books in Hindi, Urdu, Punjabi, Malayalam and English.

The current imprints of Hind Pocket Books include Clarion Books, Global Business Press, Saraswati Press, Professional Managers Library and Mainstreet.

Comment
Related opportunities
  • Mobile & Communication/Internet Connections
    About Us: HOCO. TECHNOLOGY (HK) CO., LTD. has established the brand..
    Locations looking for expansion Tamil nadu
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Others Food Service
    About Us: Let's Meat is an innovative brand from Jaipur which..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Conceptualized to disrupt the salon industry in india, Sooper..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: Wrap It Up, Headquartered in the United Kingdom is..
    Locations looking for expansion Delhi
    Establishment year 2004
    Franchising Launch Date 2006
    Investment size Rs. 30lac - 50lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities