Positive First Figures for MRSS India

India-based digital MR firm Majestic Research Services and Solutions (MRSS India) has announced its first annual results since it commenced public trading, with revenue more than doubled to Rs 55m ($US 0.8m).

The results are for the financial year ending 31st March 2015, since when the firm has appointed former P&G sensory scientist Swati Sawant as Vice President and made four other senior appointments. The June 30th Bombay Stock Exchange IPO was the first for an India-based MR agency.

Revenue rose 144% from Rs.22.6m to Rs. 55.1m, and profit after tax from Rs 1.3m to Rs 5.3m. EBITDA margin was 19.11%, up from 10.53% in 2013-14.

Chairman Raj Sharma (pictured) says his team are 'highly confident of improving upon last year's performance in the current years', adding: 'Our strategy of investing in people, partnerships and products is just beginning to show results'.

The firm offers a range of services from eye tracking, video analysis and facial recognition techniques to digital tracking and online communities; and is a pan-Asian group Majestic Market Research Support Services Ltd (MMRSS).

Web site: www.mrssindia.com .