Tag: RK Swamy

  • Media stocks hold the mic as markets crash in Trump tariff meltdown

    Media stocks hold the mic as markets crash in Trump tariff meltdown

    MUMBAI: Even as the Bombay stock exchange tanked five plus per cent  in the morning on Trump tariff meltdown Monday, Indian media and entertainment stocks shed just one to three per cent of their values at the time of trading at 3:30 pm. Sun TV was trading at Rs 638  a gain 0.83 per cent over  its previous weekend closing of Rs 632.75. TV Today network was up 1.65 per cent toto trade at Rs 160.40. On the flip side, a few media players were caught in the downward spiral. Entertainment Network India – the operator of Radio Mirchi – cut 2.06 per cent to stand at Rs 132.80. GTPL Hathway declined 3.69 per cent to Rs 105.75 even as Hathway dropped 3.16 per cent to Rs 12.58. Dish TV fell by 2.61 per cent to Rs 5.60.

    The advertising sector, however, bore the brunt of the market tremors. Advertising agency RK Swamy lopped off 10 per cent to trade at Rs 199.15 from its previous days closing of 223.50. Bright Outdoor clipped 4.36 per cent at Rs 449.50 as against Signpost which went negative to the tune of 7.36 per cent to trade at Rs 235.40. Innokaiz India dropped to Rs 13.56 with a 4.98 per cent fall. Maxposure saw a 5.76 per cent decline settling at Rs 57.30. Meanwhile, DAPS Advertising India saw a dip of 2.86 per cent to Rs 17.00. (At around 4 pm, may vary according to the market)

    Despite the broader bloodbath on Dalal Street, the relatively cushioned fall of media and entertainment stocks could indicate investor confidence in the sector’s long-term fundamentals, or perhaps just temporary insulation from global trade frictions. Either way, for now, the M&E sector is holding its script, even as the markets slip into drama mode.  

  • Green giants crowned at IAA Olive Crown Awards, sustainability gets the spotlight

    Green giants crowned at IAA Olive Crown Awards, sustainability gets the spotlight

    MUMBAI: Mumbai’s glitterati gathered at the ITC Grand Central on 4 April for the 15th IAA Olive Crown Awards, where sustainability champions were given a right royal pat on the back. Forget your garden-variety awards show; this was a green jamboree, a veritable eco-extravaganza.

    Packmate Grrreen LLP sprouted as “Green Brand of the Year,” proving they’re not just leafing around when it comes to eco-consciousness. RK Swamy reaped a harvest of four Olive Crowns, including “Green Agency of the Year,” showing it’s  not just another agency, it’s a green machine.

    rk swamy

    Adani Enterprises Ltd and Ogilvy struck gold, bagging multiple awards, including the coveted “Corporate Crusader of the Year” for their campaign, “Pehle Pankha Aayega, Phir Bijli Aayegi” (“First the fan, then the electricity”). Turns out, the company is  not just blowing hot air. Eastern Media Ltd and Reliance Foundation shared the “Green Campaign of the Year” gold, proving that when it comes to saving the planet, two’s company.

    Earth Brigade Foundation

    Dharmesh Barai, the man who makes mangroves look marvellous, was crowned “Green Crusader of the Year” for his Herculean efforts in cleaning up Maharashtra’s coastlines. He’s not just cleaning up, he’s cleaning up good. Earth Brigade Foundation bagged gold for “Green NGO of the Year,” proving it’s not consisting of  just a bunch of tree-huggers, it’s  making a real difference.

    Rahul Narwekar, honourable speaker of the Maharashtra Assembly, graced the event, praising the IAA for their long-standing commitment to sustainability. “They took up this initiative when sustainability was perhaps not a known concept the way it is today,” he said, adding that the IAA has helped to drive the thought of sustainability through young minds, old minds and people at large.

    IAA India chapter  president Abhishek Karnani stated, “Sustainability is no longer a choice, it is a responsibility,” and that the IAA is heartened to see corporates, advertising agencies, and media houses doing the same. 
     

    Dharmesh Barai,

    Janak Sarda, chairperson of the IAA Olive Crown Awards, added, “It is our industry’s promise to be guardians of Brand Earth.”

    A special award for “Best Continuing Effort” was given to The Bhamla Foundation and Hungama Digital Media for their “Bhoomi Namaskar” campaign, proving that consistency is key when it comes to saving the planet.
    And for the IMC and IAA campaign, Ogilvy, with Rahul Rudra and Abhishek Kaddi’s “Pinky Promise” campaign, took home the win.

    The event, a veritable who’s who of the advertising and marketing world, was sponsored by Deepak Builders & Developers, Blue Star Ltd, Mobligent Media, and Awardor. It was a night of green glory, where the planet was the real winner

  • Srinivasan Swamy  & family increase promoters stake in RK Swamy

    Srinivasan Swamy & family increase promoters stake in RK Swamy

    MUMBAI: Things should be cooling off as the New Year approaches with folks winding down their assignments, getting ready to take some time off, right?

    But that was not the case with the promoters of  India’s only BSE and NSE-listed marketing services provider  R K Swamy.

    The promoters were busy consolidating their holding in the agency.  Through an off market transaction, they bought 3.56 per cent holding that US investment fund  Evanston Pioneer Fund LP   had invested in the group in 2018-19.  

    Srinivasan K Swamy and Narasimhan K Swamy concluded the transaction on 27 December 2024 at the market price of Rs 249.64 per share.  

    With this buy out, the promoter and promoter group hold 69.6 per cet of the equity paid up capital of the company. Following this, Evanston Pioneer Fund withdrew the nomination of  Pattabhi Kothandapani Raman  from the company’’s board in accordance with the shareholders agreement.

    The company informed the stock exchange about the buyout on 30 December 2024 and about the change in the board on 31 December. 

  • Punit Goenka elected​ President of IAA India Chapter

    Punit Goenka elected​ President of IAA India Chapter

     MUMBAI, September 24, 2018: Punit Goenka, Managing Director & CEO, Zee Entertainment Enterprises Ltd (ZEEL) was unanimously elected President of the India Chapter of the International Advertising Association (IAA) at its AGM held on 24th September 2018 in Mumbai.

    Shashi Sinha, CEO, IPG Media Brands India was elected Vice President. The office bearers ​would be Pradeep Dwivedi, CEO, Sakal Media Group, Hon. Secretary, Jaideep Gandhi, Founder, Another Idea, Hon. Treasurer, and Ramesh Narayan Immediate Past President. ​

    The Members of the Managing Committee elected include Megha Tata COO BTVI, Janak Sarda Director Deshdhoot Group, M.V.Shreyams Kumar JMD Mathrubhumi Group, I.Venkat Director Eenadu, Abhishek Karnani Director Free Press Journal. The list of members co-opted and invited to the Managing Committee will be shortly announced.

    Punit Goenka has just relinquished office after a much-acclaimed term as President of the IBF.

    During his tenure as MD & CEO, ZEE has won several awards including the Dun & Bradstreet Corporate Award 2015, IMC Fusion Award 2013 for Excellence in Media, Businessworld Infocom ICT Award 2012 and many more.

    Punit Goenka was conferred the ‘Outstanding Contribution to Media’ award at the Managing India Awards hosted by AIMA in 2018. He has also received Business Today ‘Best CEO Award’ in the Media and Entertainment category for 2016, MIPTV’s Médaille d'Honneur Award 2016, Economic Times ‘40 Under Forty’ India’s Hottest Business Leaders Award 2014, the ‘Young CEO Award’ by CEO India magazine in 2015 and the IAA Leadership Award 2014 under the category of ‘Media Person of the Year Award’. Goenka has also been recognized as the ‘Entrepreneur of the Year’ during the Asia Pacific Entrepreneurship Awards 2014. Punit was felicitated as the ‘IMPACT Person of the Year’ in 2014.

    Speaking on his new role as the President of IAA, Mr. Goenka said, “It is an honour for me to take over the mantle of leading the India Chapter of IAA. I am humbled by the faith and trust that my friends and colleagues from the Industry have bestowed on me. It will be my sincere endeavour to work towards strengthening the India Chapter of this prestigious association, taking up initiatives that address key industry concerns and are aimed at enhancing the ecosystem.”

    Outgoing President Ramesh Narayan said "I am delighted that Punit Goenka is taking over as President IAA. His well-known leadership skills and the respect he commands in our industry will undoubtedly take the IAA India Chapter to greater heights. Shashi Sinha is a doyen of the advertising industry and a known performer in industry Associations. The combination is unbeatable.”

    Srinivasan Swamy, President Elect IAA Global and Chairman, RK Swamy BBDO said "Punit Goenka is wonderful leader to have in the year when India will host the 44th. IAA World Congress in Kochi in February 2019. I am very happy that such a distinguished person has taken over the responsibility of leading IAA. It augurs well for the India Chapter.”

  • South Asia gender sensitivity awards: IAA joins hands with Laadli

    MUMBAI: The International Advertising Association (IAA) is supporting the Laadli Media Awards for Gender Sensitivity to take their national awards across South Asia. In its tenth year now, the South-Asia Laadli Media Awards for Gender Sensitivity 2015-16 is being organised in association with International Advertising Association (IAA). The event will be held at National Centre for Performing Arts, Mumbai, India on 12 May, 2017.

    The Laadli Media Awards for Gender Sensitivity is the only one of its kind in the world given exclusively for promoting gender sensitivity in the media. The awards are supported by UNFPA and this year, Colors Viacom 18, one of the India’s fastest growing media and entertainment networks, is associated as the cause partner.

    IAA Global SVP and RK Swamy BBDO chairman Srinivasan K Swamy said, “The IAA India Chapter has had a long association with Laadli and the subject of gender sensitivity, so supporting their Media Awards in the South Asia region seemed a natural corollary. This not just showcases the IAA’s keen interest in such activities, but also its ability to spread a good message across boundaries.

    IAA vice president Ramesh Narayan said, “Our Chapters and Associates in Pakistan, Sri Lanka, Mauritius, Nepal and Bangladesh are working on selecting a journalist in each country who has done wonderful work in the area of gender sensitivity and that person will be nominated to receive the special IAA Laadli South Asia Media Award.”

    Laadli CEO Dr. A.L. Sharada added, “The objective of The Laadli Media Awards is to draw the attention of the public to the positive efforts in the media with regard to gender sensitive reportage and provide a platform for showcasing such efforts. It does not focus on visible achievers but on media persons who are reporting from the field level – analyzing laws, policies, programmes, events and incidents using a gender lens. Every year entries are sought from all over India. More than 1500 entries are received each year from across the nation from print, electronic and web media. Around 80 awards are given under 13 languages across the country, in each of the rounds.”

  • “My life is all about ‘Leap of faith'” – Srinivasan Swamy

    “My life is all about ‘Leap of faith’” – Srinivasan Swamy

    Indiantelevision.com is delighted to share RK Swamy and BBDO boss Srinivasan Swamy’s AAAI Lifetime Achievement Award acceptance speech. Read on to partake of his fine wit.

     Sri Gurubhyo Namah: Salutations/pranams to all my Gurus.

    There are many Gurus in this room who taught me numerous things about our profession, relationships with people, and nuances of our business. Similarly, I have learnt considerably from my colleagues, past and present, in many of our group Companies; from my colleagues from the various industry Associations and Chambers of Commerce, I have been involved in; from my many clients and friends who have encouraged me to make mistakes and learn from them; from my wife and other family members who allowed me to pursue my dreams but always shown me the right path. This Award – AAAI Lifetime Achievement Award, is therefore dedicated to each and every one of them, for if I stand today receiving it, you have all made this possible.

    I am a great believer of fate. What is destined for one will happen. But that didn’t stop me in taking on many challenges. I am confident by nature, sometimes foolishly if I may add, but my life has been all about ‘leap of faith’. Every task I have taken on, I try to do full justice. My personal benchmark is to do better than all my predecessors and I have unfailingly delivered on this, to the best of my knowledge!

    Many of you may not realize this, but I have served in the AAAI Executive Committee for 18 continuous years. That is half my working life, considering I have been in this profession for 36 years. I think only Nagesh Alai has served longer than I have at AAAI.

    When I was elected into the Executive Committee of AAAI in 1998, I was an unwelcome addition. Our Agency had filed filed a case against AAAI when it proposed at an AGM that all its members should submit their Annual Report along with Client list, to determine the membership fee to be paid. Rightly or wrongly, we felt that AAAI may misuse what we felt was competitive information. The Court ruled in our favour and therefore, as mentioned earlier, I was seen as an intruder at the Executive Committee.

    Hardly two years later, in 2000, AAAI decided to move a resolution to get it members to apply for accreditation with Indian Broadcasting Foundation (IBF) much on the lines of what we had with INS. Our Agency felt that this was a wrong move, since AAAI members had a bilateral and equal relationship as an agency with every TV channel. Why would AAAI want its members to subject themselves individually to a collective body called IBF, was beyond our comprehension. Communications to AAAI on our objection to the proposal was ignored and therefore we collected adequate proxies and defeated this resolution on the floor of the house. Subsequently we got the next President to see merit in our proposition and finally got AAAI to sign an Agreement with IBF which provided an equal status with them. .

    However, both these episodes clearly implanted in the minds of many industry people that we are difficult people and we don’t toe the line on industry matters. This was so strongly entrenched, that when someone suggested in 2009 that I should join the IAA Mancom, the concern was whether I would be a difficult person to have in the Committee! Frankly, neither AAAI nor IAA, or any industry body for that matter, have found in me a unreasonable person, even if

    I have to say so myself! It would be impossible to have been Chairman/President of various Associations, Chambers of Commerce, Charitable Trusts and Registered Societies, if I were not an affable person.

    As mentioned earlier, the IBF-AAAI Agreement came about in 2000 and we were on an equal footing with IBF. In about a year, I was made the Chairman of this Joint Industry Body. For an agency person, this job was akin to running with the hares and hunting with the hounds. For 7 years when I was heading this joint working committee comprising heads of many agencies and channels, we had a great time. We combined work and had fun in different parts of the world – Australia, Germany, Sri Lanka, Malaysia and of course in many Indian locations. My faith was, if we bonded well as friends, we could be fair to each other. I am told, that was the golden era of IBF-AAAI relationship.

    When I become President of AAAI in 2004, I did what I thought was an obvious thing to do. An industry association is for all members and if anyone wanted to serve the industry they should be allowed to. So based on interest levels of members, I expanded the Executive Committee with many invited members – and made what was an exclusive club, a place anyone can participate and contribute for the industry. In hindsight it appears a normal thing to do, but at that time it was a leap of faith. Of course having invited members in the Executive Committee is the norm from then onwards. We also did many new things at that time. We celebrated the Diamond Jubilee of the association very well, we changed the logo to be in line with current trends, renamed AAAI Premnarayen Award to AAAI Lifetime Achievement Award, helped start the Confederation of Asian Advertising Agency Associations and of course our own Goafest.

    Before Goafest, AAAI had something called AAA Awards. It was an Award which no one had serious respect for. Abbys from Ad Club was seen as the most coveted and it attracted over 1500 people on their Awards night when AAAI would struggle to get 200 to 300. And the President of the day stood there all by himself and ditched out these Awards to the winners. After my first and only AAA Awards night in 2005 as President, I decided that this would be my last. AAAI represents the industry. Its members send entries and if we can’t make our Award the most coveted one, then we are doing something wrong. A small group started to think through what we can do to differentiate us and make it the most coveted. Thus was born Goafest – an advertising festival, combined with industry conclave, knowledge seminars, fun events and of course Awards. To be fair, I did invite Ad Club to join us to be part of Goafest from the first year, but they rebuked it, for their own reasons.

    In our own AAAI Executive Committee, there were doubting thomases as to whether we will get our members to participate and the whole episode will lead to financial mess for AAAI. We were looking at about Rs.2 Cr commitment and AAAI had never taken projects or events of this scale. And to top it, AAAI did not even have the financial resources to pay advances for event companies and travel agents. My faith in our idea egged me on, and my company lent substantial money to AAAI to start on the execution of the event. Fortunately there was enough goodwill when I went and met Vineet Jain in Delhi, Aveek Sarkar in Kolkata, Peter Mukerjea at Star, Subhash Chandra in Zee etc. The very first year of Goafest in 2006 had over 1200 delegates for the two-day event. Fortunately for me, we did cover our costs and made a small contribution to AAAI coffers as well. My leap of faith, paid off.

    After 2 years, Ad Club decided to team up with AAAI and now Goafest is firmly established as a destination to go to, for Creative, Media, Digital, Publisher and Broadcaster Awards.

    In 2014, Goafest was on a slide for a variety of reasons and many felt that Goafest should be skipped for a year. I felt that once it gets stopped and the momentum lost, it will be difficult to rebuilt the festival. Again with a leap of faith, I took on the Chairmanship when asked by the then President and did all that was necessary to do a festival, including broad-basing the appeal for a wider audience. Incidentally, that year turned out to be most profitable year until then for Goafest.

    I wish to give just two more instances that I was a part of, in two other Associations.

    All India Management Association conducts National Management Convention and this is the high point in any President’s Calendar. 2009 was the worst year economically in India after the economic melt down in 2008 in the western world. As President, I was to conduct this Convention. I chose Chennai, my home town, and we delivered a Convention with some of the best speakers and raked in record surplus as well, which hitherto is unsurpassed in AIMA.

    Similarly, it was just a leap of faith that I felt Kochi would be good destination for IAA Silver Jubilee Summit. Many in the IAA Mancom warned me that it may be difficult to get delegates to come there. But our speaker line up was so good that we had over 600 delegates from outside Kerala and 600 were from Kerala including some 300 students. This was the biggest event ever for IAA in India.

    My leap of faith is equally true in the businesses I lead. From a stand alone advertising agency about 15 years ago, we are amongst the most diversified marketing services group in the country today. Our cumulative revenue we believe will place us at No.3 or No.4 in India. We have about 25 business verticals across 4 of our companies in India and two in the US – R K SWAMY BBDO, Hansa Vision, Hansa Research and Hansa Customer Equity in India and Hansa Marketing Services and Hansa GCR in the US. Again the reason for this success is easy to comprehend. We identify a candidate with the right skill and more importantly the right attitude and empower him/her to take the business forward. I believe in total delegation and my task is to see that any hindrance posed by finance people based on budget constraints is removed for the person to perform and to take on new challenges and risks to grow faster. This has served us well.

    When we started BBDO India in 2007 as our second agency it was another, major leap of faith. We were told that we were cutting the ground under our own feet. The last 9 years have proved that our two-brand strategy has worked well and our overall market share and market presence have improved.

    Moving on to some other aspects, I thought I would reflect briefly on my relationship with my father, R K Swamy. I worked with him from 1978 to 2003 – 25 years. He is one of the coolest bosses one can have. He is thorough in whatever he does, but at the same time he empowers people. He is generous with his praise and quite happy to review and offer comments on anything you put in front of him. You do learn a lot by observing and I think some of his qualities have rubbed off on me, though not once he has told me what I should do.

    He was President/Chairman of all industry bodies in India other than only IAA that was not in his orbit then. May be instinctively I followed his path. He has said a few times to me that any amount of time we spend on industry matters in fine since it the hand that feeds us.

    He passed away in June 2003. If he is observing the institution he created now, I am sure he will be more than happy as to where we have taken it. In this context, I am reminded of a couplet in Tirukural:

    Eendra Pozhudhin Perithuvakkum Thanmakanai Chaandron Enak ketta Thaai.

    Loosely translated it says – the mother who hears her son being called a ‘wise-man’ will rejoice more than when she did, at the time of his birth.

    I am sure, in the same vein, my father will be mightily pleased that his son has this recognition today, as much as my mother.

    Before closing, I want to thank a few people:

    Ramesh Narayan has been a terrific support for me in IAA without whose help and constant prodding, IAA would not be what you know it to be. I am also grateful to him for all the kind words he spoke about me.

    My wife Sudha, She is a very bright lady, a MBA and had a thriving career. But she gave up much of this to support my children, me and my parents. She is here to share my happiness with me today, as she has always done in the past.

    And of course the President and the Executive Committee of AAAI for having considered me for this honour. Thank you all for what you did. But let me warn you all – this lifetime achievement award doesn’t mean retirement for me. I am not going away anywhere yet – I have a long journey ahead.

    Thank you!

  • “My life is all about ‘Leap of faith'” – Srinivasan Swamy

    “My life is all about ‘Leap of faith’” – Srinivasan Swamy

    Indiantelevision.com is delighted to share RK Swamy and BBDO boss Srinivasan Swamy’s AAAI Lifetime Achievement Award acceptance speech. Read on to partake of his fine wit.

     Sri Gurubhyo Namah: Salutations/pranams to all my Gurus.

    There are many Gurus in this room who taught me numerous things about our profession, relationships with people, and nuances of our business. Similarly, I have learnt considerably from my colleagues, past and present, in many of our group Companies; from my colleagues from the various industry Associations and Chambers of Commerce, I have been involved in; from my many clients and friends who have encouraged me to make mistakes and learn from them; from my wife and other family members who allowed me to pursue my dreams but always shown me the right path. This Award – AAAI Lifetime Achievement Award, is therefore dedicated to each and every one of them, for if I stand today receiving it, you have all made this possible.

    I am a great believer of fate. What is destined for one will happen. But that didn’t stop me in taking on many challenges. I am confident by nature, sometimes foolishly if I may add, but my life has been all about ‘leap of faith’. Every task I have taken on, I try to do full justice. My personal benchmark is to do better than all my predecessors and I have unfailingly delivered on this, to the best of my knowledge!

    Many of you may not realize this, but I have served in the AAAI Executive Committee for 18 continuous years. That is half my working life, considering I have been in this profession for 36 years. I think only Nagesh Alai has served longer than I have at AAAI.

    When I was elected into the Executive Committee of AAAI in 1998, I was an unwelcome addition. Our Agency had filed filed a case against AAAI when it proposed at an AGM that all its members should submit their Annual Report along with Client list, to determine the membership fee to be paid. Rightly or wrongly, we felt that AAAI may misuse what we felt was competitive information. The Court ruled in our favour and therefore, as mentioned earlier, I was seen as an intruder at the Executive Committee.

    Hardly two years later, in 2000, AAAI decided to move a resolution to get it members to apply for accreditation with Indian Broadcasting Foundation (IBF) much on the lines of what we had with INS. Our Agency felt that this was a wrong move, since AAAI members had a bilateral and equal relationship as an agency with every TV channel. Why would AAAI want its members to subject themselves individually to a collective body called IBF, was beyond our comprehension. Communications to AAAI on our objection to the proposal was ignored and therefore we collected adequate proxies and defeated this resolution on the floor of the house. Subsequently we got the next President to see merit in our proposition and finally got AAAI to sign an Agreement with IBF which provided an equal status with them. .

    However, both these episodes clearly implanted in the minds of many industry people that we are difficult people and we don’t toe the line on industry matters. This was so strongly entrenched, that when someone suggested in 2009 that I should join the IAA Mancom, the concern was whether I would be a difficult person to have in the Committee! Frankly, neither AAAI nor IAA, or any industry body for that matter, have found in me a unreasonable person, even if

    I have to say so myself! It would be impossible to have been Chairman/President of various Associations, Chambers of Commerce, Charitable Trusts and Registered Societies, if I were not an affable person.

    As mentioned earlier, the IBF-AAAI Agreement came about in 2000 and we were on an equal footing with IBF. In about a year, I was made the Chairman of this Joint Industry Body. For an agency person, this job was akin to running with the hares and hunting with the hounds. For 7 years when I was heading this joint working committee comprising heads of many agencies and channels, we had a great time. We combined work and had fun in different parts of the world – Australia, Germany, Sri Lanka, Malaysia and of course in many Indian locations. My faith was, if we bonded well as friends, we could be fair to each other. I am told, that was the golden era of IBF-AAAI relationship.

    When I become President of AAAI in 2004, I did what I thought was an obvious thing to do. An industry association is for all members and if anyone wanted to serve the industry they should be allowed to. So based on interest levels of members, I expanded the Executive Committee with many invited members – and made what was an exclusive club, a place anyone can participate and contribute for the industry. In hindsight it appears a normal thing to do, but at that time it was a leap of faith. Of course having invited members in the Executive Committee is the norm from then onwards. We also did many new things at that time. We celebrated the Diamond Jubilee of the association very well, we changed the logo to be in line with current trends, renamed AAAI Premnarayen Award to AAAI Lifetime Achievement Award, helped start the Confederation of Asian Advertising Agency Associations and of course our own Goafest.

    Before Goafest, AAAI had something called AAA Awards. It was an Award which no one had serious respect for. Abbys from Ad Club was seen as the most coveted and it attracted over 1500 people on their Awards night when AAAI would struggle to get 200 to 300. And the President of the day stood there all by himself and ditched out these Awards to the winners. After my first and only AAA Awards night in 2005 as President, I decided that this would be my last. AAAI represents the industry. Its members send entries and if we can’t make our Award the most coveted one, then we are doing something wrong. A small group started to think through what we can do to differentiate us and make it the most coveted. Thus was born Goafest – an advertising festival, combined with industry conclave, knowledge seminars, fun events and of course Awards. To be fair, I did invite Ad Club to join us to be part of Goafest from the first year, but they rebuked it, for their own reasons.

    In our own AAAI Executive Committee, there were doubting thomases as to whether we will get our members to participate and the whole episode will lead to financial mess for AAAI. We were looking at about Rs.2 Cr commitment and AAAI had never taken projects or events of this scale. And to top it, AAAI did not even have the financial resources to pay advances for event companies and travel agents. My faith in our idea egged me on, and my company lent substantial money to AAAI to start on the execution of the event. Fortunately there was enough goodwill when I went and met Vineet Jain in Delhi, Aveek Sarkar in Kolkata, Peter Mukerjea at Star, Subhash Chandra in Zee etc. The very first year of Goafest in 2006 had over 1200 delegates for the two-day event. Fortunately for me, we did cover our costs and made a small contribution to AAAI coffers as well. My leap of faith, paid off.

    After 2 years, Ad Club decided to team up with AAAI and now Goafest is firmly established as a destination to go to, for Creative, Media, Digital, Publisher and Broadcaster Awards.

    In 2014, Goafest was on a slide for a variety of reasons and many felt that Goafest should be skipped for a year. I felt that once it gets stopped and the momentum lost, it will be difficult to rebuilt the festival. Again with a leap of faith, I took on the Chairmanship when asked by the then President and did all that was necessary to do a festival, including broad-basing the appeal for a wider audience. Incidentally, that year turned out to be most profitable year until then for Goafest.

    I wish to give just two more instances that I was a part of, in two other Associations.

    All India Management Association conducts National Management Convention and this is the high point in any President’s Calendar. 2009 was the worst year economically in India after the economic melt down in 2008 in the western world. As President, I was to conduct this Convention. I chose Chennai, my home town, and we delivered a Convention with some of the best speakers and raked in record surplus as well, which hitherto is unsurpassed in AIMA.

    Similarly, it was just a leap of faith that I felt Kochi would be good destination for IAA Silver Jubilee Summit. Many in the IAA Mancom warned me that it may be difficult to get delegates to come there. But our speaker line up was so good that we had over 600 delegates from outside Kerala and 600 were from Kerala including some 300 students. This was the biggest event ever for IAA in India.

    My leap of faith is equally true in the businesses I lead. From a stand alone advertising agency about 15 years ago, we are amongst the most diversified marketing services group in the country today. Our cumulative revenue we believe will place us at No.3 or No.4 in India. We have about 25 business verticals across 4 of our companies in India and two in the US – R K SWAMY BBDO, Hansa Vision, Hansa Research and Hansa Customer Equity in India and Hansa Marketing Services and Hansa GCR in the US. Again the reason for this success is easy to comprehend. We identify a candidate with the right skill and more importantly the right attitude and empower him/her to take the business forward. I believe in total delegation and my task is to see that any hindrance posed by finance people based on budget constraints is removed for the person to perform and to take on new challenges and risks to grow faster. This has served us well.

    When we started BBDO India in 2007 as our second agency it was another, major leap of faith. We were told that we were cutting the ground under our own feet. The last 9 years have proved that our two-brand strategy has worked well and our overall market share and market presence have improved.

    Moving on to some other aspects, I thought I would reflect briefly on my relationship with my father, R K Swamy. I worked with him from 1978 to 2003 – 25 years. He is one of the coolest bosses one can have. He is thorough in whatever he does, but at the same time he empowers people. He is generous with his praise and quite happy to review and offer comments on anything you put in front of him. You do learn a lot by observing and I think some of his qualities have rubbed off on me, though not once he has told me what I should do.

    He was President/Chairman of all industry bodies in India other than only IAA that was not in his orbit then. May be instinctively I followed his path. He has said a few times to me that any amount of time we spend on industry matters in fine since it the hand that feeds us.

    He passed away in June 2003. If he is observing the institution he created now, I am sure he will be more than happy as to where we have taken it. In this context, I am reminded of a couplet in Tirukural:

    Eendra Pozhudhin Perithuvakkum Thanmakanai Chaandron Enak ketta Thaai.

    Loosely translated it says – the mother who hears her son being called a ‘wise-man’ will rejoice more than when she did, at the time of his birth.

    I am sure, in the same vein, my father will be mightily pleased that his son has this recognition today, as much as my mother.

    Before closing, I want to thank a few people:

    Ramesh Narayan has been a terrific support for me in IAA without whose help and constant prodding, IAA would not be what you know it to be. I am also grateful to him for all the kind words he spoke about me.

    My wife Sudha, She is a very bright lady, a MBA and had a thriving career. But she gave up much of this to support my children, me and my parents. She is here to share my happiness with me today, as she has always done in the past.

    And of course the President and the Executive Committee of AAAI for having considered me for this honour. Thank you all for what you did. But let me warn you all – this lifetime achievement award doesn’t mean retirement for me. I am not going away anywhere yet – I have a long journey ahead.

    Thank you!

  • IndusInd Bank launches new Ad Campaign on innovative ‘Fingerprint Banking’

    IndusInd Bank launches new Ad Campaign on innovative ‘Fingerprint Banking’

    MUMBAI: IndusInd Bank has ‘ launched an integrated advertising campaign to unveil its innovative service ‘Fingerprint Banking’. IndusInd Bank is the first bank in the country to launch this service where customers can do end-to-end banking transactions on its Mobile Banking app ‘IndusMobile’, by using just their fingerprint. The campaign features Farhan Akhtar, brand endorser for IndusInd Bank and multitalented actor Boman Irani.

    ‘Fingerprint Banking’ service has been launched after studying consumer behavior & insights on remembering complicated & lengthy passwords. It was found that customers tend to forget their passwords and resetting them again was a lot of trouble. With fingerprint banking, consumers can afford to forget passwords forever.

    Apart from fingerprint, the mobile banking App also has functionality of ‘Swipe Pattern’ which can be set as a security identifier to conduct mobile banking transactions. This ensures that customers across all smart phone devices can do their banking transactions seamlessly without entering passwords.

    Launching the campaign, Mr. Sumant Kathpalia, Head – Consumer Banking, IndusInd Bank said, “This advertising campaign from IndusInd Bank embodies a blend of strong consumer insight and interesting slice of life situations with subtle humor. The launch of this service has further strengthened the core brand philosophy of Responsive Innovation. We are glad that Bollywood’s two seasoned actors have associated with us and have enhanced the effectiveness of this ad campaign”.

    Mr. Ankur Suman, Principal Consultant & Creative Head, RK Swamy BBDO commented “As always, IndusInd Bank has come up with yet another unique, differentiated service. So the communication needs to be potent enough to create the right degree of buzz amongst consumers. While we have demonstrated the convenience of Fingerprint Banking clearly, we have retained the zippy energy and humour that have given the brand’s communication a distinguished identity over the years.”

    IndusInd Bank has adopted a well synergized multimedia media approach for this campaign. While TV will be the lead medium of the campaign, effective digital media will engage and connect with the digital savvy audience. Other mediums will also be used along with the key mediums in order to create a ‘surround sound’ of the communication. The estimated media spends of the ad campaign is approximately Rs. 15 crores.

    In recent past, IndusInd Bank has launched a host of innovative services like Video Branch, My Account My Number, Choice Money ATMs, Check-on-cheque, Cash-on-Mobile, Direct Connect and Quick Redeem Service. All these unique services have been widely publicised and are being well appreciated & used by the Indian consumers.

    Brand Awards – recent accolades:
    Moved up 6 ranks, to 13th place from 19th place of last year, makes us the Top Riser in the ‘BrandZ Top 50 Most Valuable Indian Brands of 2015’ as adjudged by WPP and Millward Brown. Our brand value has increased by 46% to $1.5 billion since last year and we are also the sixth largest gainer in Brand Value. IndusInd Bank has been recently recognised & adjudged as one of the Best BFSI Brands 2016 by the Economic Times, one of the leading publications of the country.

  • IndusInd Bank launches new Ad Campaign on innovative ‘Fingerprint Banking’

    IndusInd Bank launches new Ad Campaign on innovative ‘Fingerprint Banking’

    MUMBAI: IndusInd Bank has ‘ launched an integrated advertising campaign to unveil its innovative service ‘Fingerprint Banking’. IndusInd Bank is the first bank in the country to launch this service where customers can do end-to-end banking transactions on its Mobile Banking app ‘IndusMobile’, by using just their fingerprint. The campaign features Farhan Akhtar, brand endorser for IndusInd Bank and multitalented actor Boman Irani.

    ‘Fingerprint Banking’ service has been launched after studying consumer behavior & insights on remembering complicated & lengthy passwords. It was found that customers tend to forget their passwords and resetting them again was a lot of trouble. With fingerprint banking, consumers can afford to forget passwords forever.

    Apart from fingerprint, the mobile banking App also has functionality of ‘Swipe Pattern’ which can be set as a security identifier to conduct mobile banking transactions. This ensures that customers across all smart phone devices can do their banking transactions seamlessly without entering passwords.

    Launching the campaign, Mr. Sumant Kathpalia, Head – Consumer Banking, IndusInd Bank said, “This advertising campaign from IndusInd Bank embodies a blend of strong consumer insight and interesting slice of life situations with subtle humor. The launch of this service has further strengthened the core brand philosophy of Responsive Innovation. We are glad that Bollywood’s two seasoned actors have associated with us and have enhanced the effectiveness of this ad campaign”.

    Mr. Ankur Suman, Principal Consultant & Creative Head, RK Swamy BBDO commented “As always, IndusInd Bank has come up with yet another unique, differentiated service. So the communication needs to be potent enough to create the right degree of buzz amongst consumers. While we have demonstrated the convenience of Fingerprint Banking clearly, we have retained the zippy energy and humour that have given the brand’s communication a distinguished identity over the years.”

    IndusInd Bank has adopted a well synergized multimedia media approach for this campaign. While TV will be the lead medium of the campaign, effective digital media will engage and connect with the digital savvy audience. Other mediums will also be used along with the key mediums in order to create a ‘surround sound’ of the communication. The estimated media spends of the ad campaign is approximately Rs. 15 crores.

    In recent past, IndusInd Bank has launched a host of innovative services like Video Branch, My Account My Number, Choice Money ATMs, Check-on-cheque, Cash-on-Mobile, Direct Connect and Quick Redeem Service. All these unique services have been widely publicised and are being well appreciated & used by the Indian consumers.

    Brand Awards – recent accolades:
    Moved up 6 ranks, to 13th place from 19th place of last year, makes us the Top Riser in the ‘BrandZ Top 50 Most Valuable Indian Brands of 2015’ as adjudged by WPP and Millward Brown. Our brand value has increased by 46% to $1.5 billion since last year and we are also the sixth largest gainer in Brand Value. IndusInd Bank has been recently recognised & adjudged as one of the Best BFSI Brands 2016 by the Economic Times, one of the leading publications of the country.

  • Srinivasan Swamy re-elected president of IAA in India

    Srinivasan Swamy re-elected president of IAA in India

    MUMBAI: At the Annual General Body Meeting of the India Chapter of International Advertising Association (IAA) held in Mumbai, RK Swamy Hansa Group chairman Srinivasan Swamy was unanimously elected its president for the third consecutive term.

     

    He already serves on the IAA Global Board as IAA Asia Pacific development vice president.

     

    Neeraj Roy of Hungama, Monica Tata of HBO and Jaideep Gandhi of Jaya Advertising were also re-elected vice president, honorary secretary and treasurer, respectively, for 2014-15.

     

    The other members elected into the managing committee were: Abhishek Karnani of The Free Press Journal, Vishakha Singh of Aurora Comms, Manish Advani of Mahindra SSG, Janak Sarda of Deshdoot, CVL Srinivas of Group M, Avinash Pandey of ABP News, MV Shreyams Kumar of Mathrubhumi, Partho Dasgupta of BARC, Bhaskar Das of Zee Media and Rajesh Kejriwal of Kyoorius.

     

    In addition, the following would serve in the committee as invited members for the year 2014-15: Pradeep Guha, Pheroza Bilimoria, Sam Balsara, Kaushik Roy, Raj Nayak, Ramesh Narayan, M G Parameswaran, Neville Taraporewalla, Gayatri Yadav, Anita Nayyar, Pradeep Dwivedi, Anand Sankeshwar, Sunil Lulla and Punitha Arumugam. “A few more have been invited and their names will be announced after they accept our invitation”, said Swamy.

     

    In his outgoing president’s address, Swamy said that the year that went by was an active one, where 32 events were organised by IAA India. Some of these included two IAA Debates, four IAA Conversations, five IAA Mentorship Webinars, six Knowledge Seminars, three IAA Young Turks Forum events and other marquee events like the IAA Olive Crown Awards and the IAA Leadership Awards. There were a few other special ones like the IAA Retrospect & Prospects events in Gurgaon and Mumbai and the IAA Mentorship Programme. The year was off to a terrific start on 30 September 2013 with the IAA Platinum Jubilee Global Marketing Summit where the BJP Prime Ministerial candidate and Gujarat CM Narendra Modi delivering his valedictory address on his vision of Brand India.

     

    IAA India will be celebrating its Silver Jubilee year in 2014-15. “We have identified at least 20 different platforms to peg our events for the coming year. We have a very good committee and I wouldn’t be surprised if we have more than 52 events during the year”, said Swamy.

     

    IAA Asia Pacific area director Praddep Guha, “IAA India is already seen as the most active industry body in India as well as in the IAA world. With the plans that are made for 2014-15, I have no doubt that this will be the best year ever and would set a new benchmark”.

     

    Not wanting to elaborate as yet, Swamy said, “IAA will continue with some its past branded events and add a few special ones for the year that would make the IAA India Silver Jubilee a memorable one”.