CIOL:
Sanjeev Bikhchandani of Naukri.com is a great entrepreneur. Otherwise, how can somebody think of making money online when the net penetration in the country is a dismal 25-30 million? Now his company Info Edge (I) Pvt Ltd, which also owns other sites like Jeevansaathi.com and 99acres.com, is targeting revenues of Rs 100 crore ($23 milion) and a PBT of Rs 30 crore ($7 million) for FY 2005-06.
He had recorded revenue of Rs 45 crore ($10.4 million) and PBT of Rs 13 crore ($3 million) in FY 2004-05. Info Edge currently has an employee base of 680, which is likely to touch 1,000 by this year-end.
Bikhchandani also informed that the company is planning to launch two
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post