Tag: Vineet Jain

  • Rajnish Rikhy joins BCCL as director of response

    Rajnish Rikhy joins BCCL as director of response

    MUMBAI: Rajnish Rikhy has moved to Bennett, Coleman & Company Ltd (Times Group) as the director of response. He will handle all the metros and various other verticals of the business.

    Prior to this, he was the chief revenue officer of the Hindi channels (Aaj Tak, Delhi Aaj Tak and Tej) cluster. Before joining TV Today Network, Rikhy served at BCCL New Delhi as vice president(R). He had previously worked with BCCL in the response function for a period of 16 years, from October 1988 to June 2004.

    It is also reported that BCCL has elevated S Sivakumar to a new role as president of revenue. He will report to the CEO of BCCL. In his new role, Sivakumar will be responsible for both response and brand capital functions.

    “During his long tenure at BCCL, Siva has displayed stellar leadership in his various roles and brings a wealth of experience and professional accomplishments which can propel our key revenue functions like response and brand capital to the next level,” BCCL managing director Vineet Jain said in an internal note to the employees.

    Rikhy will be based out of Times House, Delhi, and will report to Sivakumar.

  • Arnab Goswami elevated as president news and editor-in-chief Times Now, ET Now

    Arnab Goswami elevated as president news and editor-in-chief Times Now, ET Now

    MUMBAI: Arnab Goswami has added responsibilities as he now takes over as Times Now and ET Now president-news and editor-in-chief.

     

    Bennett & Coleman managing director Vineet Jain in an official email said, “In order  to reinforce  our commitment to growth,  we would  like to prepare  the future  leadership of the Times Network  with the elevation of Arnab Goswami as president  – news  &  editor-in-chief  Times Now and ET Now.”  

     

    This apart, the network has also elevated Jagdish Mulchandani as he takes charge as president – finance and distribution with immediate effect. In his new role, Mulchandani will continue to lead and drive all strategy and operations for finance and distribution besides traffic and administration across Times Network.

     

    Praising Goswami and his work so far, Jain said, “Arnab has successfully achieved and maintained the leadership position for Times Now in English general news for the past several years. In addition to the Times Now editorial responsibility, he will now  lead the  ET Now  editorial team with immediate effect.”

     

    Jain also highlighted Mulchandani’s successful stint as Times Network CFO. “He has constructed a sharp and effective distribution infrastructure in the last year which has improved our penetration and business performance greatly,” added Jain.

     

    “Times Network has maintained its leadership position over the last several years in the various niches that it operates in. The latest elevations are in line with our commitment to maintain our high growth rate and reinforce our leadership position in all endeavours,” said Times Network CEO & MD MK Anand. 

     

  • Himalaya rolls out unique ‘My Lakshya’ campaign to fulfil dreams

    Himalaya rolls out unique ‘My Lakshya’ campaign to fulfil dreams

    MUMBAI: A quick walk down a mall or supermarket is enough to know that the grooming industry for men has grown and how.

     

    Over the past couple of months, the booming sector has seen a number of established brands joining the segment along with some new entrants. In April last year, The Himalaya Drug Company, entered the men’s grooming segment with an aim to be the market leader, as it is in the women’s face wash segment.

     

    As a brand, it has shied away from celebrity associations. The campaigns, especially the TVCs, are rooted in the lives of everyday people. Hence, to promote Himalaya For Him face washes, the company took a step further to explore a campaign that ties into the essence of brand Himalaya – a problem-solver and an enabler. This gave birth to ‘My Lakshya’, a unique campaign that redefines the value of living your dream.

     

    Launched with a video that captures the value of fulfilling one’s dream and aims to bridge the gap between passion and career, the response has been fairly impressive. In less-than-a month since its launch, it has received about 300 entries. The official Facebook page for ‘My Lakshya’ has got over 15000 likes and the video has received more than 25,500 views on YouTube.

     

    Talking about why the company chose to take a different route from mainstream category communication, The Himalaya Drug Company consumer product division marketing GM Vineet Jain said, “We wanted to help young men get ahead in their life and felt that choosing the right career and doing something you truly enjoy is so important to living a fulfilling life.”

     

    The film, created by Web Chutney and directed by Sharad Kalawar took about six months from conception to execution and the core insight came from research interviews. “We did a qualitative study across Mumbai, Delhi and Bangalore, to understand the choices people made when it came to their careers and if these were aligned with their dreams and passions. We spoke to college goers and first jobbers and found that quite a few were dissatisfied with their present jobs. Most of them had different dreams but were unable to pursue them for various reasons – from financial constraints, or societal, family and peer pressure to lack of proper guidance or mentors,” elaborates Jain.

     

    In India particularly, children still seek parental approval and support in making career choices. Given that one spends nearly half his/her live in the workplace, it’s important to love what one does.

     

    ‘My Lakshya’ gives young adults an opportunity to pursue a career of their choice. In this first phase, it has selected areas like fashion designing, graphic design, photography, music etc and as the campaign matures a lot more career options will be added.

     

    The winners receive a cash price of Rs 1 lakh and mentorship with an expert in their respective field.

     

    “We believe that this campaign is aligned with the philosophy of the brand and our products. Consumers see us as a problem-solution brand – even with our men’s face washes – Oil Control and Power Glow, we address specific skin problems. In ‘My Lakshya’, we’ve built on this equity to become an enabler – offering young adults a platform to showcase their talent and realise their dreams. We expect this campaign to help consumers connect emotionally with brand Himalaya thereby increasing brand love,” highlights Jain.

     

    As part of the marketing plan, a 360 degree campaign was created on various digital platforms like YouTube, Facebook, Twitter and an official website where the participants could submit their entries. The herbal health and personal care company also took the campaign on-ground to IIT-B’s annual fest Mood Indigo, where it connected directly with consumers.

     

    From 10 per cent share in its turnover in 2002, the personal care segment had grown to seize a 38 per cent share in revenue, which is at par with the company’s pharma segment, by 2014. Keeping this in mind, the company’s men’s portfolio will remain its key focus areas in the coming months. “The initial consumer feedback for our Men’s face washes has been very encouraging but we still have a long way to go to reach a sizeable market share. The thrust will be on increasing coverage and depth of distribution and rolling out exciting new campaigns. We are also exploring new products for men’s face care with higher order benefits,” concludes Jain.

     

  • Times Group renews franchise rights for Miss Universe in India

    MUMBAI: The Times of India Group has said it has renewed the franchise rights for the Miss Universe pageant in India.

    An agreement to this effect was recently signed at the Miss Universe headquarters in New York. The Miss India Universe pageant will be produced in isolation as a stand-alone pageant.

    Times Group MD Vineet Jain said, “It is important that the Miss Universe pageant is back once again with the Times Group. The Miss Universe pageant forms an integral part of the Miss India pageant structure in sending its title winners to premium International pageants.”

  • TOI launches TOIFA to rival IIFA

    TOI launches TOIFA to rival IIFA

    MUMBAI: The Times of India Group has announced the first edition of the Times of India Film Awards (TOIFA) that honors and recognises excellence in Hindi cinema at foreign locations.

    Felicitating the best from the field of acting, direction, music, choreography and scripting, the awards will be held annually at diverse international destinations. In its first year, TOIFA has partnered with British Columbia to hold the awards in Vancouver, Canada, from 4-6 April.

    TOIFA will rival International Indian Film Academy Awards (IIFA), an initiative of Wizcraft International Entertainment. IIFA is being held every year since 2000.

    Times of India Group MD Vineet Jain said, “Times of India Film Awards is yet another step in getting closer to millions of Indians across the globe. The Times of India Group has always been at the center of the readers‘ mind and heart. As we celebrate our lineage of 175 glorious years of thought-leadership in the media, TOIFA will extend this to a worldwide audience. The awards come at a time when Hindi Cinema celebrates a centenary milestone of offering versatile entertainment.”

    TOIFA will connect the international film communities and act as a gateway to the glittering world of showbiz. The awards give fans a chance to vote for their favorites that have demonstrated exceptional work spread across 14 different categories.

    The event will be conceptualised, scripted, directed and managed by event management company The Cineyug Group of Companies.

    The evening will see performances by celebrities like Shah Rukh Khan, Ranbir Kapoor, Katrina Kaif, Abhishek Bachchan, Anushka Sharma and Priyanka Chopra.

  • We are in the advertising business: BCCL MD Vineet Jain

    We are in the advertising business: BCCL MD Vineet Jain

    MUMBAI: Bennett, Coleman & Company Ltd. (BCCL), which owns The Times of India Group of newspapers, is a dominant player in the media business in India because it is very advertisement savvy.

    “We are not in the newspaper business, we are in the advertising business,” Vineet Jain, the managing director of BCCL, is quoted as saying by The New Yorker, while dwelling on the dominance of his company in the media business in India.

    The argument of BCCL is that with newspapers sold so cheaply and generating little circulation revenue, newspapers depend more on ad revenue. “If ninety per cent of your revenues come from advertising, you’re in the advertising business,” Jain says. His elder brother Samir Jain is the vice-chairman of BCCL.

    These comments by Jain appear as part of a feature by The New Yorker, a US magazine published since 1925, on the dominant media conglomerate which appeared on 8 October.

    “Both of us think out of the box. We don’t go by the traditional way of doing business,” Vineet Jain said.

    The New Yorker notes that the Times group flagship The Times of India’s innovations begin in its eight-page second section, which is titled the Bombay Times. The section brims with color pictures of seductive women and muscular men, along with stories of Bollywood stars, handsome cricket pros, and international celebrities.

    The day The New Yorker’s Ken Auletta met Vineet Jain, the lead story in Bombay Times had described how aspiring actors, including a sultry Saiyami Kher, “are keen to start their innings in Bollywood.”

    Jain explained to Auletta that, like the surrounding stories, it (the lead story) was written by members of the reporting staff and paid for by the celebrities or their publicists.

    The feature said an internal company report in June lauded the strategy as “so important that today nearly all Bollywood movie releases pay for promotional coverage ahead of movie releases, and actors/actresses pay to develop their brand through coverage in the paper.”

    Jain got the idea after reading an interview with Richard Branson, the owner of the UK’s Virgin Group, in which Branson remarked that the reason he parachutes from airplanes and performs similar stunts is that, with this free publicity, he annually saves his company tens of millions of dollars in advertising.

    “When I read it, I said, ‘Oh, my God, eureka—I’m stupid!’ ” Vineet Jain said. “Why these guys are not advertising in my paper is because I’m giving them free P.R.”

  • Times Group MD Vineet Jain is PTI chairman

    Times Group MD Vineet Jain is PTI chairman

    MUMBAI: Times of India Group managing director Vineet Jain has been elected chairman of the board of directors of the Press Trust of India (PTI). Jain, who was earlier vice- chairman, replaced Punjabi Kesari Group editor Vijay Kumar.

    The vice-chairman role went to Mathrubhumi Group chairman and managing director MP Veerendrakumar. The election was held following the 62nd annual general meeting of the PTI’s shareholders.

    Jain, who has played a key role in expanding the Times of India and other publications of Bennett Coleman and Company Ltd, was PTI chairman in 2002-03. He has also led BCCL’s successful entry into online, radio and television services.

    Veerendrakumar was formerly a Member of Parliament and Union Minister. A past President of the Indian Newspaper Society (INS), he is associated with media-related bodies in India and abroad.

    The members of the PTI board also include Vijay Kumar Chopra (Hind Samachar), N. Ravi (The Hindu), R. Lakshmipathy (Dinamalar), Aveek Kumar Sarkar (Ananda Bazar Patrika), Shekhar Gupta (Indian Express), K.N. Shanth Kumar (Deccan Herald), Mahendra Mohan Gupta (Jagran Prakashan), Hormusji N. Cama (Bombay Samachar), Riyad Mathew (Malayala Manorama) and Sanjoy Narayan (Hindustan Times). The Directors from outside the newspaper industry are Professor EV Chitnis, Justice SP Bharucha and Fali S Nariman.

    A leading news agency, PTI achieved its highest-ever revenue last financial year and is profitable.