After a year of consolidation, Mudra Group looks at international JVs, acquisitions in 2009
The year 2008 has been about consolidation for the Mudra Group. Mudra added various specialised units in the year such as Water, Terra, Celsius and 10 Integrated. Adding to this, the Group has plans to launch a retail unit, and a business analytics and consulting unit before March 2009. Mudra is looking at launching these units through the international joint ventures and acquisitions route to ensure “the right skill set”.

The year 2008 has been about consolidation for the Mudra Group. Mudra added various specialised units in the year such as Water, Terra, Celsius and 10 Integrated. Adding to this, the Group has plans to launch a retail unit, and a business analytics and consulting unit before March 2009. Mudra is looking at launching these units through the international joint ventures and acquisitions route to ensure “the right skill set”.
In has been five months since Pratap Bose has joined the agency as its Chief Operating Officer, and under his leadership, four specialised services have been launched. It is apparent that Bose is looking at the volume game for Mudra’s future growth. Units like Tribal DDB and Mudra Healthcare and Lifestyle have been steadily working with some of the big clients, and adding new businesses. Even as these businesses don’t translate to the advertising agency business, they play their role in contributing to the overall revenues of the Group.
The work on both the new units has begun. Mudra is in active conversation with international companies to find a suitable partner. Speaking to exchange4media on the plans for the retail unit, Bose said, “In spite of the economic slowdown, retail is a key component for the future growth, in terms of what the clients really want. Retail, according to me, is a large spectrum. It includes design, brand identity, store design, modern or traditional trade, and the branches further into material specifications, logistics and implementations amongst other things. It’s a huge area, and we have to be clear on how we approach this and where we want to be present in.”
Why a JV format for both of these units, when all the other units have been set up by Mudra alone? Bose replied, “Because this kind of special skill set doesn’t exist here, and we are looking at providing the absolute gold standard in each of our services.” He admitted that the economic slowdown had played its role in slowing down the process of launching these units as well. However, the Group is hopeful of meeting the March 2009 deadline.
Earlier in the year, Mudra had gone back to the full service structure and integrated its media capabilities within the agency. The all-new Mudra Max had set up two sub-brands – Mudra Connext and Mudra Radar. How was the move for the media agency side of the business? Bose replied, “The year 2008-09 has been particularly good for both Mudra Radar and Mudra Connext units with a healthy top line growth. It remains to be seen what impact the economic slowdown would have on us in the last quarter of 2009.”
On the 2009 plans, he said, “Our media plans for the next year lie in strategically providing business solutions and making our media budgets more accountable than ever before. In the light of the economic recession, I hear clients saying that they expect their media agencies to work that much harder in coming up with seriously innovative ways to deliver ROI. That could mean coming up with great value driven deals with media channels or by embracing newer forms of media or simply by adopting a completely new construct on the traditional media plan. For Mudra Max, this would mean a far tighter interplay with our 12 specialised units in marketing services. We have very unique and capable offerings in digital, rural, promotions, and out-of-home to name a few, and we will use that expertise in a much differentiated manner to exploit the current economic situation.”
Bose concluded, “If the world is pulling back and taking a ‘wait and watch’ approach, then it’s the best time to consolidate. Because if it picks up, then you have the luxury of holding your horses and taking stock of the situation in the areas where you probably are weak or need improvement. To sum it up, we are consolidating our position for the year 2008-09, and we are looking at growth.”
(Additional inputs by Pallavi Goorha)
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
E4M Our strategy is to target younger audiences through Sports: Rajiv Dubey, Dabur
The Head of Media at Dabur India spoke exclusively to exchange4media on the World Cup, associating with Indian Idol, the company’s digital spending and much more
With quirky campaigns, memes and moment marketing, timed with the ongoing World Cup and particularly the India-Pakistan matches, Dabur India has got considerable consumer attention for its popular brands – Red Paste, Cool King Hair Oil, Chyawanprash, Dabur Vita and the recently launched Bae Fresh Gel toothpaste.
The 140-year-old company is going big on key sporting events, World Television Premiere (WTP) movies and reality shows. It is now gearing up to become the title sponsor of popular talent show ‘Indian Idol’ on Sony TV for the first time, shared Rajiv Dubey, who leads the media strategy at Dabur.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
Swapan Seth's new book 'COOL' is out
The book is a reflection of the author's 'eclectic taste across categories'
Advertising professional and art collector Swapan Seth has announced the launch of his new book COOL. The book is described as "a ready reckoner to the hip and the happening, of the known and the very unknown."
The book is a reflection of the author's "eclectic taste across categories: from boltholes to exotic hideaways."
COOL has been published by Simon & Schuster India and is available on Amazon.
Seth is an ad veteran with a long and illustrious career in the industry. He became the youngest-ever Creative Director at Clarion at age 24. He was VP at 26 at Trikaya Grey. Two years later, he started his agency Equus.
He writes for publications such as The Economic Times, Hindustan Times and India Today. This is his second book and he has previously published THIS IS ALL I HAVE TO SAY.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
Disney Star signs 9 sponsors for Asia Cup PAK
Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up come on board
e4m Staff Disney Star has signed nine broadcast and digital streaming sponsors for the upcoming Asia Cup.
Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up have come on board for the upcoming tournament.
As reported earlier by exchange4media, Disney Star has sought Rs 26 crore for the co-presenting sponsorship on TV and Rs 30 crore for Disney+ Hotstar.
According to industry sources, the associate sponsorship on Star Sports has been priced at Rs 19.66 crore, whereas for the ‘powered by’ sponsorship on Disney+ Hotstar, the broadcaster is seeking Rs 18 crore.
As per the information available with exchange4media, Disney+ Hotstar has three sponsorship tiers-- co-presenting (Rs 30 crore), powered by (Rs 18 crore) and associate sponsorship (Rs 12 crore). The broadcaster is offering an estimated reach of 120-140 million for co-presenting sponsors, 90-100 million for powered by and 60-70 million for associate sponsorship.
A spot buy for 10 seconds has been priced at Rs 25 lakh for the India vs Pakistan matches, while for the non-India matches, the ad rate for 10 second is Rs 2.3 lakh. The India matches plus the final for ODIs has been priced at Rs 17 lakh per 10 seconds.
Asia Cup is scheduled to be held from 30 August, 2023, to September 17, 2023.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
Sorted 360 wins creative & social media mandate of Reliance Mall
The agency will manage offline and online campaigns for Reliance Mall
Sorted 360, an integrated creative and social media agency, has won the mandate to providing brand solutions for Reliance Malls across India.
“Sorted 360 is set to enhance Reliance Malls' market presence with their unparalleled creative prowess and strategic thinking,” read a press release.
“Sorted 360's commitment to pushing the boundaries of creative communication aligns perfectly with Reliance Malls' ethos. With a pan-India presence spanning across 19 cities and growing, Reliance Malls has consistently captivated customers by offering an array of Reliance brands and third-party fashion & lifestyle brands. The mall has established an unparalleled connection with its patrons through superior quality, a remarkable value proposition, and an unmatched shopping experience,” it read further.
"We are thrilled to welcome Sorted 360 as our trusted partner in advancing our brand presence across the nation," said the Head of Marketing at Relaice Malls. "Their proven expertise in retail, shopping center management, and innovative creative strategies make them the perfect fit for our vision."
"Partnering with Reliance Malls is a testament to our commitment to shaping extraordinary brand experiences," remarked Prerana Anatharam, Co-founder of Sorted 360. "We are excited to leverage our strategic and creative acumen to further elevate Reliance Malls as the epitome of convenience, choice, and excellence."
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
test
test
test
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
test
test
test
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
KlugKlug onboards Hemang Mehta as Country Manager for Indias
Mehta was most recently Head of Agency Relationships at Network 18 Media & Investments
KlugKlug has appointed Hemang Mehta as its Country Manager for India.
Mehta will play a pivotal role in driving KlugKlug's growth and expansion within the Indian market and be responsible for Sales & GTM Strategy
Prior to that, he has also represented organisations like Exponential (now VDX.tv), India Today Digital and Rediff.com. His expertise spans various domains including digital media sales, mobile marketing, media planning, and buying, social media marketing, and more.
Hemang Mehta expressed his enthusiasm about joining KlugKlug, saying, "I am thrilled to be a part of KlugKlug, a forward-thinking platform that is reshaping the influencer marketing landscape. As much as I look forward to collaborating with the exuberant team at KlugKlug, I am super excited to interact with the brands to deliver powerful data-backed Influencer solutions that will guarantee business outcomes."
Commenting on the appointment, Kalyan Kumar, Co-Founder and CEO of KlugKlug, stated, "We are excited to welcome Hemang Mehta to our team as the Country Manager for India. His extensive experience in digital media sales and marketing will be instrumental in driving our efforts to provide influencer marketing solutions to our clients. We believe Hemang's leadership will be key in scaling our operations and expanding our reach within the Indian market."
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp