Solvent and profitable
The Press Club, Mumbai crossed a turnover of Rs 2 crore and generated a surplus of Rs 20 lakh during 2012-13 also wiping off carry-forward losses. It was not due to members' fees or bar sales but other revenues such as "funds received from our media partners for various events (conducted by the Club)" according to the draft minutes of the July AGM. Other elements of the revenue stream was interest from fixed deposits and rentals.