Tag: Sunil Lulla

  • Grey Group India appoints Sandipan Bhattacharyya as chief creative officer

    Grey Group India appoints Sandipan Bhattacharyya as chief creative officer

    MUMBAI: Grey Group India has appointed Sandipan Bhattacharyya as its chief creative officer with effect from 1 August, 2015.

    He will oversee the Mumbai, Gurgaon (New Delhi NCR) and Bengaluru offices across all platforms including advertising, digital and below the line. He will be based in Mumbai, reporting to Grey group India chairman and managing director Sunil Lulla.

    Bhattacharyya returns to Grey group from BBDO, where he spent close to eight years partnering Josy Paul in setting up the agency in India and shaping its creative reputation. He was the executive creative director and was pushing the creative mandate on several global clients like PepsiCo, General Electric, Hewlett Packard, Aviva Life Insurance, P&G Gillette and Wrigley.

    “We are delighted to welcome Sandipan back. His entry is timed to reignite GREY and drive its culture of creating ‘Famous & Effective’ work for GREY’s clients. He brings in a terrific blend of zing & zany energy, with an astute and an intuitive understanding of consumers. I am delighted to have a partner who will bring transformational change to Grey group India, with a mind and a working style, which seamlessly integrates the communication process, across platforms, media, technologies and consumer states. In an ever changing world, now Grey’s capabilities will be significantly enhanced with Sandipan’s leadership,” said Lulla.

    Sandipan said, “What’s interesting in today’s ad landscape is what I call freestyling. No rules, no limits, just format-defying, medium-bending work. Gun shops that spring a surprise moral dilemma, car companies promoting bodypaint and a ridiculously simple Superbowl interception that makes everyone spending millions on a 30 sec spot, seem like an idiot – that’s freestyling. And guess what, it’s all happening at Grey. My chats with Tor and Per just made one thing amply clear – I’d be a fool to pass up this opportunity!”

  • Grey Group India appoints Louella Rebello as senior executive creative director

    Grey Group India appoints Louella Rebello as senior executive creative director

    MUMBAI: Grey Group India has roped in Louella Rebello as senior executive creative director, Mumbai. In her new role, she will be responsible for the creative services of its Mumbai office and be an integral part of Grey Group’s creative leadership team.

     

    In her previous position, Rebello headed the Mumbai office at TBWA India and served on accounts including Nissan, Datsun, Kuoni Travel, Standard Chartered, Cigna TTK Health Insurance and Singapore Airlines.

     

    “Louella is a 15 year veteran. Her wealth of knowledge, experience and strong leadership skills will be invaluable to us as we look to consistently create ‘Famous & Effective’ campaigns for our clients. I am confident her appointment will accelerate our goal in elevating Grey Group’s creative services and standards to even greater heights,” said Grey Group India chairman & managing director Sunil Lulla.

     

    Prior to TBWA India, Rebello was with DDB Mudra Group. She successfully launched the ‘Cross Polo’ campaign for Volkswagen India. Under her leadership, ‘The Hinglish Project’ won the Cannes Gold in 2012.

     

    Rebello has served earlier at Ogilvy from 2003 to 2011, leaving as senior creative director. At Ogilvy, she worked on brands such as Vodafone, Tata Safari, Tata Sumo, Unilever Foods, Amaron India, Star TV and Bank of India, amongst others.

     

    “It is certainly exciting and a privilege to be appointed as the person responsible for Grey group’s Mumbai Office. They are a talented team and I am excited to dive in with the talented team at Grey group to deliver on its North Star of ’Famous & Effective’, ” said Rebello. 

  • FY-2015: Eros PAT up 24%; operating income up 25% due to portfolio approach

    FY-2015: Eros PAT up 24%; operating income up 25% due to portfolio approach

    BENGALURU: The portfolio approach to movie making by the Sunil Lulla led Indian motion picture production and distribution company Eros International Media has resulted in it posting an increase of 24 per cent in profit after tax (PAT) in FY-2015 (year ended 31 March, 2015, current year) at Rs 247.06 crore (17.6 per cent of Total Income from Operations excluding Other Income, or TIO) as compared to the Rs 199.69 crore (17.6 per cent of TIO) in FY-2014. The company’s TIO in FY-2015 increased 25.3 per cent to Rs 1421.17 crore as compared to the Rs 1134.66 crore in FY-2014.

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    All numbers in this are consolidated unless stated otherwise.

     

    The company’s diversified revenue mix comprises theatrical revenue, which contributed 38 per cent to total revenues, television and others, which contributed 31.3 per cent to total revenues, and overseas revenue, which contributed 30.7 per cent to total revenues. Eros says that its extensive film library of over 2,000 plus films has been increasing its contribution year on year with FY-2015 catalogue revenue at 22 per cent of Total Income as compared to 15 per cent in the previous year and 12 per cent in FY-2013.

     

    Eros managing director Sunil Lulla said, “We have concluded the fiscal on an excellent note based on our strategy of investing in content backed Hindi and regional movies and extensively monetizing it across all platforms such as theatrical, television and digital. The year has reinforced our belief in the portfolio approach to movie-making, which enables us to deliver sustained growth supported by consistently strong presales. Our footprint in the regional market, in particular, has worked very well for us. Along with the healthy performance of our new movie releases, we witnessed a strong upswing in revenue contribution from our 2,000 plus movie library. We are excited about our new venture Trinity Pictures that will build franchise films and look forward towards capitalizing on digital revenue opportunity through ErosNow.”

     

    In FY-2015, Eros released 64 films (44 Hindi and 30 Tamil/Telugu) as compared to 69 (37 Hindi, 30 Tamil/Telugu and two regional language) in FY-2014. Of the 64 films released in FY-2015, 47 were low budget, 10 medium budget and seven high budget films as compared to 44 low budget, 21 medium budget and four high budget films in FY-2014.

     

    Let us look at the other numbers reported by Eros: 

     

    The TIO numbers for FY-2015 and FY-2014 have been mentioned above. Eros TIO in Q4-2015 at Rs 449.05 crore was 42.7 per cent more than the Rs 314.62 crore in Q4-2014, but 8.5 per cent lower than the Rs 490.73 crore in Q3-2015.

     

    Eros EBIDTA including other income in FY-2015 at Rs 368.08 crore (25.5 per cent margin), which was 20.8 per cent more than the Rs 304.73 crore (26.7 per cent margin) in FY-2014. EBIDTA including other income in Q4-2015 at Rs 84.74 crore (18.2 per cent margin) was 24.6 per cent more than the Rs 68.01 crore (21.9 per cent margin) in Q4-2014, but 42.9 per cent lower than the Rs 148.43 crore (30.2 per cent margin) in the immediate trailing quarter.

     

    The company’s total expenses (TE) in FY-2015 at Rs 1079.84 crore (76 per cent of TIO) was 28.6 percent more than the Rs 839.93 crore (74 per cent of TIO). TE in Q4-2015 at Rs 382.71 crore (85.2 percent of TIO) was 57.9 per cent more than the Rs 242.31crore (77 per cent of TIO) and 10.8 per cent more than the Rs 345.34 crore (70.4 per cent of TIO) in Q3-2015.

     

    The company’s other expense in FY-2015 almost tripled (2.89 times) to Rs 96.74 crore (6.8 percent of TIO) as compared to the Rs 33.46 crore (2.9 per cent of TIO) in FY-2014. Other Expense in Q4-2015 more than quadrupled (4.05 times) at Rs 56.14 crore (12.5 per cent of TIO) as compared to the Rs 13.87 crore (4.4 per cent of TIO) in Q4-2014 and more than doubled (2.54 times) the Rs 22.13 crore (4.5 per cent of TIO) in the immediate trailing quarter.

     

    Lulla added, “The Indian entertainment industry is in midst of a structural shift and has potential to multiply revenue streams with multiplexing, digital addressability, broadband and mobile penetration as driving themes. Eros has been anticipating and preparing for these changes for many years. We have started FY-2016 on an extremely positive note with the resounding success of Tanu Weds Manu Returns to be followed by Bajarangi Bhaijaan on Eid and Bajirao Mastani on Christmas as our tent pole films for the year. We believe we can continue this growth momentum into FY-2016 as well.”

     

    Click here for earnings presentation

     

    Click here for audited financial results 

  • Eros, Anushka Motion Pictures join hands for Marathi film ‘Aga Bai Arecha 2’

    Eros, Anushka Motion Pictures join hands for Marathi film ‘Aga Bai Arecha 2’

    MUMBAI: Eros International Media has joined hands with Anushka Motion Pictures and Entertainment to present Aga Bai Arecha 2.

    After associating with Marathi films like Me Shivaji Raje Bhosale Boltoy and Shikshanachya Aaicha Gho, Eros International will now co-produce the sequel of the Marathi comedy Aga Bai Arecha starring Sonali Kulkarni, Bharat Jadhav, Prasad Oak, Dharam Gohil, Surabhi Hande and Madhav Devchakke.

    The film will be directed by Kedhar Shinde, who has to his credit movies like Aga Bai Arecha, Yanda Kartavya Aahe, Jatra and Majha Navra Tujhi Baiko.

    Eros International managing director Sunil Lulla said, “We are happy to be associated with a very talented director Kedhar Shinde, who delivers quality Marathi entertainment. At Eros, we feel proud to back regional cinema which are content driven and high on entertainment quotient, it also fullfills our vision to expand in the regional market.”

    Producer Narendra Firodia added, “We are delighted to partner with Eros International, this association will help us in reach out to a larger audience through their established distribution network.”

    The movie is slated to release on 22 May, 2015.

  • Grey India appoints Vishal Ahluwalia as Bangalore head

    Grey India appoints Vishal Ahluwalia as Bangalore head

    MUMBAI: Grey Group India has appointed Vishal Ahluwalia as vice president and office head of its Bangalore ops. He will be reporting to Grey Group India chairman and managing director Sunil Lulla.

     

    Ahluwalia joins Grey with two decades of marketing communications experience, across various geographies and disciplines. In his various avatars, he has headed businesses and has been an entrepreneur. Until recently, he worked as a member of the Board of IRIS Worldwide, in which he spearheaded the digital and retail verticals. Prior to that he was TBWA South India head; JWT -Taipei head for Unilever business and has also had stints with Contract and JWT.

     

    “Vishal brings a great blend of advertising savviness and digital smarts to Grey. His experience across geographies and diverse categories, will strengthen the leadership team at Grey. He will take further our integrated offerings to various clients and enable their brands to be famous and effective,” said Lulla.

     

    Ahluwalia added, “I am very excited about the prospect to bring my skills across various stream to Grey Group’s rich and diverse client roster. I do believe the future requires us to be able to deliver services in a wholesome and integrated fashion. I am delighted to return to Bangalore which has always been a springboard for my learning and my success.”

     

  • ‘NH 10’: Highway to nowhere

    ‘NH 10’: Highway to nowhere

    MUMBAI: NH 10 is a film that could easily have been in the horror genre. Normally, when a newly married couple would go on a holiday in order to leave behind their hectic city life, they would book into a haveli or jungle lodge. All kinds of eerie things would start happening to them. NH 10 veers from the mould. In this case, the couple tries to make up for their hurried honeymoon by going on a holiday, driving from their home in Gurgaon along National Highway 10, which terminates in Punjab. But most of its length passes through Haryana, the khap land.

    Anushka Sharma works for a company in Gurgaon where her presentations are always a hit with the boss. One night she is called in late and on her way back, she is cornered by a pair of bikers backed up by their other goons in a car behind. Anushka somehow manages to get away from the situation but that paves way for her to obtain a gun licence, the top cop being close to her husband, Neil Bhoopalam.

    The couple embark on their trip enjoying mild romantic banter and dreaming of things they could do together once there. Since it is celebration time, Neil even gifts Anushka a packet of cigarettes. A dhaba is a must stop place and both decide to refresh at one. Anushka takes time off in the loo for a smoke when a woman approaches her and asks to save her life.

    That’s when a commotion attracts Neil’s attention. About half a dozen people are violently beating up a couple, the woman being the same who pleaded with Anushka in the loo. Neil’s good citizen conscious makes him intervene, only to be punched and humiliated by the girl’s brother. She has married outside her ‘gotra’ and that is taboo in this place. Her fate is sealed as is that of her lover.

    Neil being a hot-blooded North Indian youth finds being beaten in front of his wife unacceptable. He arms himself with the pistol granted to Anushka for self-protection and decides to follow the guys to avenge the punches. He feels supremely confident of overpowering a bunch of uncouth men and follows them deep into woods where he witnesses them burying the boy and girl alive in a pit. Now he has no clue how and when to flaunt his gun. As a result, he ends up shooting the most innocent, mentally challenged lad who was part of the bunch but had nothing to do with their acts.

    Producers: Vikramaditya Motwane, Anurag Kashyap, Vikas Bahl, Anushka Sharma, Sunil Lulla, Karnesh Sharma

    Director: Navdeep Singh

    Cast: Anushka Sharma, Neil Bhoopalam, Darshan Kumar, Deepti Naval

    After this, neither his gun nor his contact with the Delhi top cop are of any use to him. Anushka and Neil are now a hunted couple in a land where every person including the cops identify with the philosophy of the killer bunch. Neil is rendered immobile as a result of a stab wound in his thigh and Anushka is left alone to fend for them both.

    In her pursuit to find help as well as save herself from the killers, Anushka goes into the jungle. There is no sign of a state highway, let alone the National Highway 10. She is told by the cops that the real Haryana and khap rule starts where the glitzy malls of Gurgaon end.

    Until about 20 minutes before the film ends, Anushka is a cross Haryana runner, stopping only when she finally gets shelter with a village sarpanch, Deepti Naval. Here again, another surprise awaits her. Her husband, Neil, has been killed. As if one of the goons is a clairvoyant, he declares that the injured Neil is lying at the railway underpass and they proceed to deal with him before resuming the chase for Anushka. Neil clears the way for Anushka, whose money rides on this film to seek the ultimate revenge and, hence, it has to be her show from here onwards.

    Though there are numerous such films of a woman spurned, from Bride Wore Black, Black Widow to our own Kahaani, NH 10 betters none of them. It moves on totally predictable lines and offers no edge-of-the-seat kind thrills. Though Anushka decides to get even eventually, there is nothing heroic about it. As is the trend among contemporary makers, this film too is shot largely in low light but the use of night vision cameras saves the situation to some extent. 

    Since the script is uninspiring and lacks twists and turns, the director is also largely at sea. There is no support from the romance between the lead protagonists. Even music fails to inspire. As for background score, one is too occupied to find some meaning in the film to even notice it. If Anushka was hoping for an award-winning film, well she certainly may be a contender. Neil is fairly good though he has limited scope. Darshan Kumar as the baddie in chief is impressive. Deepti Naval is good in a brief role.

    NH 10 is a tedious watch. The film has the advantage of a solo release but the exams period and the ‘A’ certificate will go against it.

     

  • Q3-2015: Eros International q-o-q PAT, revenues more than double

    Q3-2015: Eros International q-o-q PAT, revenues more than double

    BENGALURU: The Sunil  Lulla led Indian motion picture production and distribution company Eros International Media Limited (Eros) reported more than double (up 2.18 times) PAT at Rs 109.34 crore (22.3 per cent of net Total Income from Operations or TIO or revenue) versus the Rs 50.14 crore (20.9 per cent of TIO) in Q2-2015 and 18.9 per cent more than the Rs 91.99 crore (21.3 per cent of TIO) in Q3-2014. In 9M-2015, PAT grew 23.4 per cent to Rs 195.32 crore (20.1 per cent of TIO) from Rs 158.30 crore (19.3 per cent of TIO) in 9M-2014.

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    The company has also reported more than double q-o-q TIO (up 2.05 times) in Q3-2015 at Rs 490.73 crore as compared to the Rs 239.90 crore in the preceding quarter and 13.4 per cent more than the Rs 43.268 crore in Q3-2014. Revenue (TIO) for 9M-2015 grew by 18.5 per cent to Rs 972.12 crore from Rs 820.05 crore in 9M-2014.

     

    Eros released 42 films – 28 Hindi and 14 Tamil/Telugu regional films in 9M-2015 as compared to the 41 films (15 Hindi, 25 Tamil/Telugu and one other regional language film) in 9M-2014. Eros says that five of the films were high budget, seven were medium budget and 30 were low budget films in 9M-2015 as against two high budget, 18 medium budget and 21 low budget films in the corresponding nine month period of the last financial year.

     

    The company informs that of the 12 films released in Q3-2015, three films were high budget while nine were medium and low budget films versus the two high budget films and 13 medium and low budget films in the corresponding year ago quarter.

     

    Let us look at the other numbers reported by Eros for Q3-2015 and 9M-2015

     

    Eros Total Expenditure (TE) in Q3-2015 at Rs 354.34 crore (70.4 per cent of TIO) was also more than double (up 2.05 times) the Rs 168.19 crore (70.1 per cent of TIO) in the immediate trailing quarter and 15.7 per cent more than the Rs 298.40 crore (69 per cent of TIO) in Q3-2014. TE in 9M-2015 at Rs 696.77 crore (71.7 per cent of TIO) was 16.6 per cent more than the Rs 597/64 crore (72.9 per cent of TIO) in 9M-2014.

     

    The company’s finance cost in Q3-2015 at Rs 9.74 crore (two per cent of TIO) was 10.8 per cent lower than the Q2-2015 finance cost of Rs 10.92 crore (4.6 per cent of TIO) but was 31.8 per cent more than Rs 7.39 crore (1.7 per cent of TIO) in Q3-2014. For 9M-2015, finance cost at Rs 30.03 crore (3.1 per cent of TIO) was 65 per cent more than the Rs 18.20 crore (2.2 per cent of TIO) in 9M-2014.

     

    Eros managing director Sunil Lulla said, “We are pleased to report robust results, which reflect the success of our strategy to invest in high quality film content and monetize it across existing and emerging revenue streams. In line with our core de-risking approach, we also registered strong pre-sales from our high profile Hindi and Tamil films such as Lingaa, Action Jackson and Kaththi. Our content pipeline has seen some impressive signings and we are excited to announce our entry into the Malayalam market enhancing our regional breadth.”

     

    “ErosNow, our online service showcasing movies, music, music videos and television shows, is developing as a robust offering that carries tremendous potential. Along with improving internet connectivity and forecast of smartphones user base in India expanding to over 650 million (65 crore) in the next four years, we expect the demand for on-the-go entertainment to grow exponentially. We strongly believe ErosNow is well positioned to capitalize on the growing online consumption opportunity in India,” added Lulla.

  • Eros International inks deal with Thirrupathi Brothers

    Eros International inks deal with Thirrupathi Brothers

    MUMBAI: Eros International Media has joined hands with N Lingusamy’s Thirrupathi Brothers Media. As part of the tie-up, Eros will release two of the most anticipated films in Tamil cinema with Telugu dub namely Kamal Haasan’s Uttama Villain and Shiva Karthikeyan’s Rajini Murugan.

     

    Uttama Villain, the first of the two films under this deal, also starring Anushka Shetty is a comedy written by Haasan and directed by Ramesh Aravind. The trailer of the film released on Pongal 2015 and the release is slated for 2 April.

     

    Rajini Murugan, is also a comedy, starring Sivakarthikeyan and directed by Ponram, whose last venture with the actor was the hit film Varuthapadatha Valibar Sangam.

     

    Eros International Media managing director Sunil Lulla said, “We are delighted to partner with ace director N. Lingusamy’s Thirrupathi Brothers on these exciting films with the legendary Kamal Haasan and upcoming talent like Sivakarthikeyan. The films will be high on the entertainment quotient and promise to connect with fans and audiences.”

     

    Thirrupathi Brothers Film Media managing director Lingusamy added, “We are extremely proud to associate with Eros, the most powerful and successful name in contemporary Indian cinema to co-produce our prestigious Uttama Villain starring Kamal Hassan and Rajini Murugan starring the emerging popular hero of Tamil Cinema Sivakarthikeyan only to mark the beginning of a long and successful journey with Eros.”

  • Mumbai Marathon: Business suits were replaced by track pants in India’s biz capital

    Mumbai Marathon: Business suits were replaced by track pants in India’s biz capital

    MUMBAI: As it happened the corporate world of Mumbai left their business suits away and decided to hit the roads wearing jogging kit and sports shoes to participate in the largest marathon in South Asia.

     

    The battalion of runners was filled with dignitaries from every sector of industry, and their successful completion was soon visible on social media, as they shared their rejuvenating story on various platforms.

     

    HBO India managing director Monica Tata wrote on social media, “With everyone posting their marathon achievements today, let me also put mine. Did the dream run for Isha Vidya along with my daughter Dania and we have raised so far Rs 1.8 lacs for them! With few more weeks to go before the deadline is over hopefully will cross 2 lacs! Thank you so much to all the people who have donated generously. With heartfelt gratitude and blessings from the rural kids you have helped make a life.”

     

    Monica’s noble post was followed by film maker Kailash Koppikar’s post stating his lap timings. “Finished the Standard Chartered Mumbai Marathon 2015 – Half Marathon in 2:13:37,” he wrote.

     

    Grey India managing director Sunil Lulla used social media to let people know who all he dedicated this effort to. “It was a glorious morning, with my running partners, Lazarus and Krishna. We started and finished together in 1 hour 57 mins, over 21.10 km. Lazi broke his jinx of under 2. Simply superb performance by Lazi. Great friendship progressing ahead, with Krishna sacrificing his timing to run together. This run dedicated to Amrita and Parthiv Kilachand on their 15th wedding anniversary. In addition dedicated to Children’s Movement for Civic Awareness,” he wrote.

     

    Sony Max and Sony Six executive vice president – sales Deep Drona reached his personal best and took social media to thank his well wishers. “Dear all, thank you very much for the encouraging words I completed my 3rd SCMM and am keeping the streak of improvement going. Clocked 2:00:18 hrs,” he tweeted.

     

    Media veteran Bharat Kapadia was proud of his feat and tweeted, “My best timing so far for the half marathon… 2:12:28.”

     

    Like them, hundred others from the fraternity descended on the roads to test their limits and spread awareness about various causes as they proudly brandished their achievements on the social media.

  • Grey India appoints Shilpa Chitre as HR head

    Grey India appoints Shilpa Chitre as HR head

    MUMBAI: Grey group India has announced a senior level appointment for its department of Human Resources. Shilpa Chitre, whose mandate is to grow the agency’s talent strength and accelerate its human processes to deliver ‘Famous and Effective’ work for its clients, is the new Human Resources head. Chitre will report to Grey group India chairman and managing director Sunil Lulla. 

    With over 18 years of work experience across key HR areas including competency systems, talent acquisition and retention, performance management, strategic organisational policies and training, she has worked in several advertising agencies and corporate houses, actively partnering senior management. Until recently she was with Reliance Industries as HR vice president.

    On welcoming Chitre, Lulla stated, “I am deeply delighted to have Shilpa on board. She will partner me in driving new age processes to enhance our professional services and capabilities, across all our services, of advertising, activation, retail design and digital. I find Shilpa to be a very skilled, competent and articulate HR Professional, up to date with new HR trends including digital. She joins GREY group as it accelerates its growth in creating an integrated offering for its clients, poised to make brands of its clients brands truly Famous and Effective”.

     “I am delighted to return to the communications business at a time, when Grey group India is transforming itself. With all the growth ahead of us, I will leverage all my experiences, to help create an agency with a huge, competitive difference; via talent, skilling, processes, leadership and enormous passion,” she said on her new role at the agency.