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Monster.com Reported Rs 134.35 Crore Revenue In FY11; Rs 12.26 Crore PAT

As per filings with India’s Registrar of Companies, Monster.com (India) Pvt Ltd reported gross reveues of Rs 134.35 crore for the financial year ending 31st March 2011 (FY11), up 7.77% from Rs 124.67 crore reported for FY10. During the year, its expenses increased 28.67% to Rs 114.24 crore from Rs 88.78 crore. The company reported a profit after tax of Rs 12.26 crore for the fiscal, down 42.15% from Rs 21.2 crore reported for the previous year.

Monster.com is among India’s largest job portals, second, in all probability, only to Info Edge owned Naukri.com; Info Edge doesn’t disclose results specifically for Naukri.com, but the company reported Rs 321.73 crore in revenue and Rs 63.14 crore in Net Profit for FY11, and well over 80% of the revenue is from its “Recruitment Solutions” business, which includes Naukri.com, Naukri Gulf, Job Seeker Services, FirstNaukri, and Quadrangle.

Monster India’s been rather quiet for the last few years. The company rarely – if at all, ever – discusses its operations. In response to MediaNama’s email requesting an interview with Sanjay Modi, Managing Director, Monster.com (India, Middle East), to discuss how the company has performed from an operation standpoint, we got the following response from a spokesperson:

“Thank you for your e mail. While we appreciate your endeavor, as a matter of our internal policy, we do not discuss/share our operations, financials, etc. with media.”

A ‘new’ tag on Monster.com suggests that the company recently launched Monster on Mobile services, allowing users to access job listings via GPRS, SMS and applications (Android and Blackberry).

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Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



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