By Iain Marlow
Controversial politicians. Celebrity cricket players. Spiritual gurus. India’s publishing industry, like the country’s broader economic story, has a lot to work with.
So it’s perhaps no surprise India’s GDP growth of 7.1 percent — the fastest among major economies — is fueling a boom in book sales. Indian publishing successes, in return, can help provide insights into the country’s growth and consumer confidence. It is a land where the travails of a saucy, soon-to-be-married Goldman Sachs Group Inc banker — in Chetan Bhagat’s fictional One Indian Girl — is a runaway best-seller.
Nielsen estimates the sector is now worth $6.76 billion. Led by educational books, the sector is set to grow at an average compound annual growth rate of 19.3 percent until 2020. That compares to compounded growth of less than 2 percent for global book publishing over the next five years, according to PwC. Read more
When a book really impresses you, you hold the writer in high regard. But do you ever think of the publisher who made the final product possible?
Editors and publishers are the backbone of any publishing house. Karthika VK, Publisher and Chief Editor of HarperCollins India, announced her departure after almost 10 years at the helm – coming a year after Ananth Padmanabhan took charge as its CEO.
It provokes one question: will HarperCollins India’s direction change after her departure? Does any publication become affected by its publisher’s exit? Read more
One of the best regarded names in Indian publishing, V.K. Karthika, Publisher and Chief Editor of HarperCollins Publishers India (HCI), has resigned from her position after a decade-long stint with the company. Ananth Padmanabhan, CEO of HCI, confirmed the news to The Huffington Post.
Karthika’s decision to move on comes on the heels of other major changes at HCI over the last several months. In August 2015, P.M. Sukumar, the Chief Executive Officer (CEO), left the company, making way for Padmanabhan, who, after spending nearly 20 years at Penguin Books India, took over the role in October that year. Read more
Penguin Random House India CEO Gaurav Shrinagesh has announced the appointment of Nandan Jha as VP Product and Sales for Penguin Random House in India. Former Senior VP Sales Ananth Padmanabhan is leaving Penguin Random House to head HarperCollins India as its new CEO. Padmanabhan replaces P M Sukumar at HarperCollins India who had recently resigned.
Jha, who fulfilled the same role at Random House India prior to the merger with Penguin in 2013, will be responsible for all sales and product development across the company. He will take up his new position with immediate effect. Read more