Pressman Advertising Limited has been listed on the National Stock Exchange and Bombay Stock Exchange, the company said in a release issued on October 1. It has thus become the first Indian advertising agency to be listed on the major stock exchanges.
Pressman Advertising was founded by late H C Suchanti and is best known in the industry for its role in corporate and financial communication. It is an ISO 9001:2008 certified full service agency with offices in major cities of India.
Pressman is a debt-free agency with strong fundamentals. According the to release, as on March 31, 2013, Pressman's reserves and surplus stood at Rs 13.75 crore on an equity Share capital of Rs 4.7 crore. For the year ended March 31, 2013, Pressman posted a net profit of Rs 6.29 crore and paid a dividend of 40%. In the first quarter ended 30th June 2013, the Company reported a net profit of Rs 2 crore.
