NEWS

Times Internet reaches 175 mn users; To cross 1,000 Cr revenue in FY2016-17

By VARINDIA - 2024-05-09

Times Internet (TIL), Indias largest digital technology company, today announced that it has crossed 175 million unique monthly visitors and is on track to cross Rs 1,000 crores in net revenue in FY2016-17.

With more than half of Indias internet population on Times Internets platforms, the company has been growing rapidly year on year. With this scale, Times Internet is now Indias largest internet business, in terms of net revenues, reach and engagement and is well aligned to achieve a revenue spike of 45 per cent in comparison to the last fiscal year. Gautam Sinha, CEO Times Internet said, "Over the last four years, we’ve focused on changing from being a media company to a full stack product and technology company. In this time, both our net revenues and audience reach have grown 3-4x, which makes us feel positive about the effect of our strategy." Times Internet today runs over 35 leading digital properties such as Timesofindia.com, Cricbuzz, and Gaana with mass audience reach, others, like MagicBricks or MensXP target specific user segments. The diversity of properties allows Times Internet to achieve wide reach, but also high engagement across users. TIL has recently focused on building connective platforms that underlie all of its platforms, for a better consumer experience.

"TILs focus on building IP and platforms for identity, loyalty, cross-walk, and ad-tech give us economies of scale across multiple properties, allowing us to better understand the consumer, personalize his experience, and intelligently recommend services that will suit him," added Sinha.