India Webportal Private Ltd*, which owns and operates websites like India.com, BGR India, Cricket Country, among others, has reported revenues of Rs 27.9 crore for the financial year ended 31st March 2014 (FY14), up 81.17% from Rs 15.4 crore reported last fiscal (FY13), as per the annual report filed by Zee Entertainment Enterprises Ltd (ZEEL). There has been a corresponding decline in losses, with losses down 48.53% to Rs 7 crore for the financial year, from Rs 13.6 crore in the last fiscal. India Webportal Private Ltd is a subsidiary of ZEEL, which owns 51% in the venture. The remaining 49% is owned by Mail.com Media Corporation (MMC). Two years ago (FY12), the company had reported revenues of only Rs 2.3 crore, and losses of 20.4 crore in FY12. The annual report makes no mention of additional investments India Webportal, though in the previous financial year,…
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