MRUC India reports gross income of Rs 1.15 crore in FY22-23
The council has also announced the potential relaunch of the IRS study in its annual report
The Media Research Users Council India (MRUCI) has reported an increase of 9.52 % in gross income to Rs 1.15 crore for the year ended March 31, 2023, as compared to Rs 1.05 crore for the year March 31, 2022.
MRUCI’s revenue from operations, which consists of subscriptions for IRS reports, declined by 22% for the year ended March 31, 2023, to Rs 14.37 lakh from Rs 18.59 lakh while other income grew 15% to Rs 1 crore from Rs 87.13 lakh. Income from membership subscriptions declined by 10.46% to Rs 32.62 lakh against Rs 36.43 lakh.
The company’s total expenditure for the year grew by 26.44 % to Rs 97.27 lakh against Rs 76.93 lakh for the year ended March 31, 2022. Employee benefit expenses of the company stood at Rs 71.06 lakh against Rs 55.89 lakh, while other expenses stood at Rs 23.17 lakh as compared to Rs 17.22 lakh. The surplus for the year was Rs 17.88 lakh against Rs 28.79 lakh in the previous fiscal.
The MRUCI in the annual report mentioned that the board has been discussing various futuristic options to restart IRS as quickly as possible. “You will soon hear the announcement on the re-launch of the IRS study,” said MRUCI.
During the financial year 2022-2023, the board appointed Maruti Suzuki India Senior Executive Director (Marketing & Sales), Shashank Srivastava on September 27, 2022, as a director and Divya Karani, former CEO, Media, South Asia, dentsu was appointed on February 15, 2023 as an additional director on the board of the company.
According to the annual report 2022-23, a few directors retired by rotation at the last Annual General Meeting and being eligible offered themselves for re-election which includes Sivakumar Sundaram, CEO (Publishing) and Executive Director, BCCL; Sridhar Aranala, VP Sales & Distribution THG Publishing; Parthasarathy M.A., Chief Strategy Officer, GroupM Media India and Pratap G. Pawar, Chairman, SAAM TV.
In the annual report, MRUCI said that the vacancies on the Board of Governors are to be filled at the Annual General Meeting to be held on September 26, 2023.
