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Cloudtail India makes profit of Rs 182 crore in 2020-21 – cloudtail india makes profit of Rs 182 crore in 202021

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Cloudtail India makes profit of Rs 182 crore in 2020-21 – cloudtail india makes profit of Rs 182 crore in 202021

New Delhi, Nov 15 (PTI) Cloudtail India, a major seller of e-commerce platform Amazon India, reported a net profit of Rs 182.70 crore in the financial year 2020-21.

Cloudtail has given this information to the Registrar of Companies Office. The company said that its net profit increased by more than 170 percent to Rs 182.70 crore in the year 2020-21. With this, its net profit in the last financial year 2019-20 was Rs 67.54 crore.

According to business intelligence firm Toffler, Cloudtail’s income grew by 45.7 per cent to Rs 16,639.04 crore in the year 2020-21. Prior to this, its revenue in the year 2019-20 was Rs 11,412.75 crore.

Cloudtail is a wholly owned subsidiary of Prion Business Services. Praion Business is a joint venture between NR Narayana Murthy’s company Catamaran and Amazon.

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