|Industry||Publication & Stationery|
|Headquarters||Noida, UP, India|
|Products||Books & Stationery|
Tata McGraw-Hill Publishing Company (TMH) is the Indian subsidiary of The McGraw-Hill Companies. It is a joint venture between the Tata Group and McGraw-Hill Companies. The core activities of TMH are publishing, reprinting, and marketing of McGraw-Hill books. McGraw-Hill Education (India) was established in 1970.
Tata to exit venture with McGraw-Hill
After exiting from Idea Cellular in 2006, the Tata group subsequently pulled out of Tata McGraw-Hill Publishing Company, its joint venture with McGraw-Hill.
McGraw-Hill owns a majority stake in Tata McGraw-Hill Publishing Company and, according to sources close to the development, is likely to buy out the Tata group in the company. However, the reason for the split is not known. The Tata group declined to comment on the proposed sale. Once the sale goes through, this will be the Tata group's second exit from a publishing venture.
The group had sold its controlling 49.99 per cent stake in Tata Infomedia, a publisher of business directories and magazines, to ICICI ePayments three years ago. Tata McGraw-Hill has been publishing, reprinting and marketing McGraw-Hill books for more than three decades in India.
McGraw-Hill controls leading education and business information brands like Standard & Poor's, McGraw-Hill Education, Business Week and JD Power and Associates.
- Datta, Kausik (22 April 2006). "Tatas to exit venture with McGraw-Hill". Business Standard. Retrieved 14 April 2013.
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