हिंदी खबर

Times Internet to cross 1000 crore net revenue this fiscal

| Updated: Oct 25, 2016 20:28 IST

New Delhi [India], Oct 25 (ANI): Times Internet, India's largest digital technology company has announced that it has crossed 175 million unique monthly visitors and is on track to cross Rs. 1000 crore in net revenue this fiscal year. With more than half of India's internet population on Times Internet's platforms, the company has been growing rapidly year on year. With this scale, Times Internet is now India's largest internet business, in terms of net revenues, reach and engagement and is well aligned to achieve a revenue spike of 45 percent in comparison to the last fiscal year. "Over the last four years, we've focused on changing from being a media company to a full stack product and technology company. In this time, both our net revenues and audience reach have grown three to four times, which makes us feel positive about the effect of our strategy," said CEO Times Internet, Gautam Sinha. Times Internet today 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. The diversity of properties allows Times Internet to achieve wide reach, but also high engagement across users. Behind the scenes, Times Internet has recently focused on building connective platforms that underlie all of its platforms, for a better consumer experience. "TIL's focus on building IP and platforms for identity, loyalty, cross-walk, and ad-tech give us economies of scale across multiple properties, allowing us to better understand the consumer, personalize his experience, and intelligently recommend services that will suit him," added Sinha. Culturally, the company has focused on transitioning from being a traditional media business to a digital technology firm. He further said that the last five years have been a patient process to build a deep, highly capable management team, with an operating culture that is entrepreneurial in nature and technology-centric. (ANI)