MUMBAI: European media conglomerate Bertelsmann AG‘s publishing arm Gruner + Jahr opened is expanding its news corporate in New Delhi to cater the needs of recently acquired companies, MaXposure Media Group and Networkplay.

Gruner+Jahr‘s entered India in 2008 through the launch of Geo magazine through a license contract and has since then been strategically advancing to build a strong portfolio of print and digital media activities. As part of the expansion strategy in India, the company also acquired majority stakes in digital ad network Networkplay and magazine publisher Maxposure.

Gruner + Jahr International executive board member and president Torsten-Jörn Klein said, "The opening of Gruner+Jahr‘s new office is an important step in streamlining our operations and building a strong platform in India. Looking at attractive market growth rates and having gathered the two fast growing companies of their respective industry, emphasizes G+J‘s & Bertelsmann long term commitment to India and strong belief in the growth of the media industry."

The new office will provide employees of both Maxposure and Networkplay the opportunities of closer interaction and support on personnel and business level and motivate them to jointly achieve greater heights in their respective industry.

Gruner + Jahr has over 300 magazines and 150 websites in more than 30 countries. In fiscal year 2011, the company generated revenues of euro 2.3 billion and employed around 11,800 people worldwide. 74.9 percent of Gruner + Jahr is owned by Bertelsmann AG, 25.1 percent by the Hamburg publishing family Jahr.