Penguin offers Ravi Subramanian Rs 1.25 crore for two-book deal
Posted on: 03:15 PM IST Jul 18, 2013
Ravi subramanian's move from Rupa Publications to Penguin India may not be about the money but you cannot be blamed for thinking it is.
The publishing giant has offered the author Rs 1.25 crore for a two-book deal making it the highest advance given by them to any Indian writer.
Subramanian, author of The Bankster, The Incredible Banker and If God Was a Banker, has always been published by Rupa. He explains the move by saying that "it is more about getting international exposure than just about money". Subramanian writes thrillers that are based, unusually, in the world of corporate banking.
His first book 'If God Was a Banker' sold more than 2.65 lakh copies, enough for Subramanian to buy himself a BMW with the royalties.
Incidentally, he will not quit his job as president and chief executive officer, Shriram Group (non-chit). Work is what fuels ideas, he says.