Gruner+Jahr, the publishing division of European media conglomerate Bertelsmann AG, has announced the opening of its new corporate office in New Delhi, India.
The G+J India office is located in Ishwar Nagar in South Delhi. The office will cater to the needs of recently acquired companies, MaXposure Media Group and Networkplay, said an official release.
Dr Torsten-Jörn Klein, Executive Board Member and President, Gruner + Jahr International said, “The opening of Gruner+Jahr’s new office is an important step in streamlining our operations and building a strong platform in India.”
He also said, “Looking at attractive market growth rates and having gathered two fast-growing companies, emphasises G+J’s & Bertelsmann long-term commitment to India and strong belief in the growth of the media industry.”
Gruner+Jahr’s plans to establish a strong presence in India started in 2008 with the launch of Geo Magazine through a license contract. Since then, Gruner+Jahr has taken strategic decisions to realise the long-term goal of building a strong portfolio of print and digital media activities through the acquisition of majority stakes in digital ad network Networkplay and magazine publisher Maxposure.