We all know that adversity tests the true ability of a business. As a fast - developingweb-infomedia company with over a decade's expertise in e-commerce Jupiter InfomediaLimited has proved its competence in handling the temporary crisis in the current businessscenario.
Recently business course all over the world took a back-seat due to the economicdisruption caused by the global pandemic. In fact due to the extreme uncertainty of theCovid-19 situation many business ventures succumbed to the immediate and tangible crisis.Jupiter Infomedia responded to the crisis with strategic incumbent and budgetaryprecautions.
This preparedness to immediate economic challenge has maintained the status of JupiterInfomedia as a zero debt company as we always were. The company managed to get throughfinancial losses due to erosion of investment value during the year caused by theunprecedented Covid 19 situation.
Business Development during 2019-20
Jupiter Infomedia has launched its fourth vertical JimSMEnews.com in the second half of2019. This is India's first news portal on listed SMEs. The portal intends to bridge thegap between investors and Indian SMEs.
During the year we have streamlined some of the activities of this portal to stabilizeits operation. The portal has immense opportunity to be developed and capitalized upon innear future. In consistency with our business philosophy Jupiter Infomedia has writtenoff all the expenditures in developing the portal thereby creating value for ourstakeholders.
Apart from that JimTrade.com has also published its second edition of JimTradeDirectory focused on Printing and Packaging Industry- All India Directory of Print& Packaging Industry. The directory was issued in the second quarter of 2019with a listing of 10000+companies under 500+ product categories. It received anoverwhelming response from renowned industrial B2B buyers as a comprehensive sourcing andvendor development tool.
Our intensive planning and research since the beginning of the year has been focusedon maximizing returns. Our vertical- JimTrade.com has been commercially developed over theyears to explore contemporary revenue generation opportunities. We intend to capitalizeupon this brand to expand the source of revenue.
Looking forward to your long-term association with Jupiter Infomedia Limited.