Business Standard
Thursday, Feb 23, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Epic tales insulate Gita Press from recession
Press Trust of India / Gorakhpur/UP Jul 22, 2009, 10:17 IST

The global publishing industry may have failed to hold readers' interest in hard times, but one publishing house in this town is growing strong by telling and retelling epic stories from the Ramayana and Mahabharata. 

The epic tales have made Gita Press, one of the world's largest publishers of Hindu religious texts, supposedly recession-proof, although the slowdown forced rich publishers worldwide into consolidation or downsizing mode. 

Sales in Gita Press grew from Rs 29.5 crore in 2007-08 to Rs 32 crore in 2008-09.

"Even the global economic slowdown hasn't been able to hit the demand for Gita Press books," Gita Press trustee Vaijnath Agarwal told PTI.

The two-hundred-employee strong Gita Press is known for publishing and distributing books mainly in Hindi and Sanskrit, in addition to other Indian languages. 

Since its inception in 1923, Gita Press has published more than 45.45 crore copies of various books, including 8.10 crore copies of the Bhagwad Gita and 7.5 crore copies of Ram Charit Manas - the rendition of the Ramayan by 16th century poet Tulsidas. However, Ram Charita Manas has become the best-selling title of the Press with a surge in demand, especially from Non-Resident Indians. It accounts for 35 per cent of total sales, while the Bhagwad Gita 20-25 per cent.

Every year, Ram Charit Manas copies worth Rs 3-4 lakh are sent to the US as there is strong demand for them from NRIs, Agarwal said.

"We sell more than 50,000 copies everyday. No publishing house in the world sells these many books even today," Gita Press Production Manager Lalmani Tiwari said.

The popular magazine 'Kalyan' by Gita Press sells 2.30 lakh copies a month. "This figure is exclusive of the sales figures that we have mentioned," Agarwal added.

Agarwal said sometimes it is difficult to meet demand for the religious books.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Volatile markets end lower
- DIIs net sellers of Rs 641 cr in cash mkt today
- Etisalat sues Vinod Goenka, Shahid Balwa for fraud
- Renault India hikes 'Pulse' price by 2%
- Tata Communications seals F1 technology deal
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- Earn over 30 litres of Free Fuel, click to know more.
- Save over Rs.3000 with IndianOil Citibank Card
- Financial Learning now made easier and more convenient.
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- I have opened my business to the world. Know more.
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Boost the performance of your Sales team
- Creating Wealth made simple the SIP way. Know more..
- Office 365 for professionals and small businesses.
- Improve Patient Care & Experience. Click here to know more
- Invest in Real Estate. Villas in B?lore starting @ Rs.66 lacs
- Win a Business Class Ticket to Europe..Know more..
- Enjoy the journey as much as the destination. click to know more..
- Now, take your financial classroom wherever you want
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
BUDGET POLL
Should diesel cars be taxed more than petrol cars?
  Yes
  No
  Can't say
Submit
Most Popular
Read
E-Mailed
Commented
   
- Bankers refuse lifeline to troubled Kingfisher
- Broad-based rally shows fatigue signs, say experts
- Claude Smadja: Europe will never be the same
- Indicus Analytics: Pulses of the nation
- Banks, cap goods firms dominate BSE Greenex
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us