NEW DELHI : Tech giant Google saw revenue in India increase 34.8% to around ₹5,593.8 crore in 2019-20 in the previous fiscal year, in accordance with regulatory documents.
Google India’s total revenue was ₹4,147 crore in the fiscal year ended March 31, 2019, according to the enterprise registrar’s file shared by trade information company Tofler.
Net profit increased by approximately 23.9% to ₹586.2 crore in FY20 compared to ₹472.8 crore in the previous fiscal year, he added.
“The Board is pleased to inform you that during the period beginning April 1, 2019 and ending March 31, 2020, the company achieved sales (operating income) of ₹53,847 million, which is higher than the previous year ₹39,928 million ”, indicates the file.
Google India’s total spend rose 30.4% to ₹4455.5 crore in FY20 from ₹3,416.5 crore in 2018-19.
When contacted, a spokesperson for Google India said: “In FY19-20, Google India achieved a pre-tax profit of ₹11,383 million, or ₹3020 million corporate taxes payable and invested almost ₹4 billion in our Indian operations “.
Google India is engaged in providing IT and IT services to its group companies active in the internet industry.
The Company is also a third-party reseller of advertising space for the Google Adwords program and other Google advertising products and services in India for advertisers seeking to market their products and services to consumers and business users on the Internet.
According to the record, advertising revenue was about 27% of the company’s revenue, while IT services ‘share was 32% and IT services’ share was 41%.
“From April 1, 2019 to March 31, 2020, the company awarded 4 CSR grants, for a total of approximately ₹13.34 crore to non-governmental organizations working to improve the quality of education and the safety of children, ”the file said.
These organizations have used the funds to improve the education system and for the safety of children and to experiment with new technologies to improve their work and create innovative new products to make work and education more accessible, he added. .