Google India Pvt Ltd (Google India) has reported revenues of Rs 1162.19 crore for the period ended 31st March 2012, up 36% from Rs 851.98 crore, according to a filing it made recently with India’s Registrar of Companies. The company reported a Profit after tax of Rs 150.73 crore, up 9.7% from Rs 137.4 crore the previous fiscal. The Profit before tax was significantly higher, at Rs 229.38 crore, up 53.51% from 149.43 crore the previous fiscal; note the increased provision for taxation in the chart below. Profit available for appropriation was Rs 577.99 crore, up from Rs 427.25 crore the previous fiscal.
What’s particularly interesting is the revenue split for the company in the filing: Rs 462.26 crore for Information Technology Services, Rs 339.7 crore Information Technology enabled services, and Rs 268.27 crore in Domestic advertising services.
And here we thought that Google India Private Limited is largely an advertising sales operation – and the largest online advertising business in India – and as it has told courts in India in the past, is merely a sales office for Google Inc. Note that recently, India’s IT Department reportedly imposed a penalty of Rs 76 crore for misleading the department with deflating income, and crediting income to Google Ireland. More on that here.
The company had foreign exchange earnings of Rs 797.51 crore and an outgo of Rs 20.33 crore for FY12.
Google India’s reserves stand at Rs 616,72,19,535, up from Rs 465,98,46,129 in FY11 and Rs 328,57,77,669 in FY10
About Google India Private Limited
Directors on the board of the company are Lloyd Martin, Kent Walker, James Marocco and Fiona Mary. It lists Rajan Anandan as its VP, India Sales and Operations.
99.99% stake in Google India Pvt Ltd is held by Google International. 1 share is held by Google Inc, identified as “the ultimate holding company.”