In August 2022, S Chand and Company Limited continues robust growth, EBITDA up by 158%. S Chand and Company had its initial public offering (IPO) on 26 April 2017. The S Chand group acquired Vikas Publishing House Private Limited (including Madhubun books) in 2012 for a total consideration of Rs144cr (~ USD 26 Mn), New Saraswati House (India) Private Limited over two tranches in 2014-16 for a total consideration of Rs149cr (~ USD 24 Mn) and Chhaya Prakashani Private Limited over two tranches 2016-19 for Rs235cr (~ USD 35 Mn). Chand became the first publishers in India to be certified for ISO 9001:2000 Artists such as Anupam Sinha created popular characters and series such as Detective Kapil, Manas Putra and Space Star before moving on to Raj Comics with Super Commando Dhruva. In the 1980s, the company also published comic books like Chitra Bharti Kathamala, a series that enjoyed moderate success and was fairly popular before being discontinued in the latter part of the decade. Shyam Lal Gupta was initially reluctant because of the sectors long-credit policies but was persuaded otherwise efforts by his son Ravindra Kumar Gupta. Chand entered the school textbook market, a segment that it has since come to dominate. He was also one of the founder members of the Federation of Indian Publishers and its first president. He was awarded the ‘ Padma Shri’ by the Indian Government in 1969 and was elected to the Rajya Sabha from Bihar in 1972. By this time, Shyam Lal Gupta had gathered fame as one of the pioneers of the Indian Publishing Industry.
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