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Tag: Fortune India

  • Popular internet call identification platform Truecaller and Fortune India magazine have appointed Contract Advertising as their creative agency

    Contract has Truecaller & Fortune India in the bag

    By A Correspondent

     

    Popular internet call identification platform Truecaller and Fortune India magazine have appointed Contract Advertising as their creative agency. Contract won the business after a closely contested multi-agency pitch. FORTUNE India and Contract Advertising will combine their strategic think tanks to work on realizing the brand’s growth, vision and strengthening its foothold in India.

     

    On the Truecaller engagement, Kari Krishnamurthy, VP Asia, Growth and Strategic Partnerships & India Country Head, Truecaller, said “We wanted to explore more avenues and take the Truecaller experience to the wider audience. Contract translated our need in the most simplified yet creative manner, while aligning the recommendations very well with our brand ethos.  We are excited to have Contract on-board and we look forward to seeing the ideas come to life.”

     

    And this is what Anita Mazumdar, Business Head, Fortune India, said: “We are at a stage in our brand cycle, where we need a lot more than just creative inputs. The idea is to grow the brand (qualitatively and quantitatively) in India to new heights and that’s where the strategic inputs from Contract Advertising will come into play. The team came to us with a passion to drive this brand and we are now looking at a long-standing relationship with the agency.”

     

    Contract Advertising will be the communication partner for Fortune India with duties ranging from formulating the brand’s creative and digital strategy in India.

     

    Rana Barua, CEO, Contract Advertising, calls Fortune India “an iconic brand” to partner with. “We believe in the power this partnership can provide to both entities and look forward to a great and enriching relationship with this brand,” he said. On the Truecaller win, he said: “The opportunity to ideate and plan for Truecaller’s brand campaign reinvigorated our passion for this segment. This was evident in the ideas that were suggested, based on strong youth segment insights which immediately resonated with the brand and its ethos. We are extremely excited about this partnership.”

     

  • Anurag Prasad joins the Corporate Communications department of Uninor from his Senior Editor position at Fortune India

    Uninor appoints Anurag Prasad as Head – External Communications

    By A Correspondent

     

    Anurag Prasad

    Uninor has announced the appointment of its new Head External Communications – Anurag Prasad. He takes this position in the corporate office of Uninor in Gurgaon from his former responsibility as the Senior Editor at Fortune India. In his new role, Anurag will be broadly responsible for handing media relations and editorial for all external messaging for Uninor.

     

    Anurag brings with him more than 15 years of experience in journalism and a sharp media insight as well as editorial skills. He joined Fortune India in April 2010 and was working as the Senior Editor. Through the path of his professional life, apart from Fortune he has worked with some of the finest and leading periodicals in India such as Outlook Business and Voice and Data.

     

    “I welcome one of the seasoned and veteran journalists to Uninor family. With his set of skills and experience in journalism, he will be an asset to the Uninor team.We are delighted to have him on board,” said Pooja Thakran, Chief Communication Officer and Head of Corporate Responsibility, Uninor.

     

    A graduate in Political Science from Delhi University, Anurag also holds a post graduate diploma in Journalism from Indian Institute of Mass Communication. In initial phase of his career he worked with Voice and Data magazine from 2003 to 2005. Later in 2006 he joined Outlook Business where he spent 4 years working as the Assistant editor, post which he joined Fortune India.

     

  • Pavan Varshnei, President, English language publications at Ananda Bazar Patrika (ABP), has decided to move on

    Pavan Varshnei quits ABP, hands over to Kaushik Banerjee

    By A Correspondent

     

    Pavan Varshnei, President, English language publications at ABP, has decided to move on with Kaushik Banerjee, Vice President of the ABP group, taking additional charge with effect from March 1, 2012.

     

    Pavan Varshnei joined ABP in 2008 to run Businessworld, and set up and launch Fortune India. Prior to joining ABP, he was the Publishing Director of the Business Division at the India Today Group and was credited with rapidly expanding the portfolio. He identified new segments and successfully launched four new publications: Scientific American, Harvard Business Review, Men’s Health and BT More. He also negotiated a joint venture with Germany’s Axel Springer Group to launch Auto Bild India.

     

    Before joining the IT Group, he was executive vice-president at Lintas India. He spent 14 years at Lintas, working across several Unilever brands, Maruti Suzuki, Electrolux, Joyco, Wills Lifestyle and Sony Ericsson. At Lintas, he also served as head of insight and oversaw the AOR (agency of record) media business for Bajaj Auto, Idea Cellular, UTI, Pantaloon and Parle Agro. Varshnei is a Chevening scholar from the London School of Economics, UK. He graduated from St Stephen’s College, Delhi, and holds an MBA with distinction from the Asian Institute of Management, Manila.

     

    Mr Kaushik Banerjee joined ABP in 2007 and oversees all SBU activities of Anandabazar Patrika. Armed with 15 years experience in sales and marketing, he had a long stint at Titan Industries, where he was instrumental in launching their range of alarm clocks in India. Thereafter, he moved to Duncans Industries Ltd in Calcutta, becoming the marketing head for their packaged tea division.

     

    After a short stint at Bombay Dyeing, he joined Idea Cellular Ltd. He them moved on to the Murugappa group where he became Vice-President, Sales and Marketing, working with the bathroom products and travel divisions. Mr Banerjee is a mechanical engineer from Jadavpur University and is an alumnus of IIM, Lucknow. The move took place earlier this month and an internal communique was sent out. Mr Banerjee is likely to relocate to New Delhi from Kolkata and Mr Varshnei has not yet revealed his plans for the immediate future.

     

  • It comes as no surprise that the list is dominated by the oil and gas sector, led by Indian Oil Corporation, Reliance Industries, and Bharat Petroleum Corporation

    Fortune India brings out its top 500 ranking

    By A Correspondent

     

    Fortune India magazine has released the Fortune 500 India list for 2011 with its December issue. It comes as no surprise that the list is dominated by the oil and gas sector, led by Indian Oil Corporation, Reliance Industries, and Bharat Petroleum Corporation.

     

    The banking sector seems to have dropped in rankings, with the top two lenders, SBI (ranked 4) and ICICI Bank (12), slipping in 2011. Twenty eight of 46 banks have fallen in rankings; only 15 have gone up. The gainers are automobile firms and their ancillary suppliers. The government continues to play a big role in business, with a total of 82 government-owned companies on this year’s list.

     

    Mumbai has remained the natural home of India Inc. despite the growth of other cities. Over a third of companies, 177 to be precise, are headquartered in the financial capital. This is followed by Delhi and its suburbs, which hosts 111 corporate head offices. Surprisingly, Kolkata continues to be a major corporate city with 38 Fortune India 500 companies, ahead of IT capital Bangalore (25 headquarters) and Chennai with 34. Pune, Ahmedabad, and Hyderabad are far behind, home to 22, 19, and 17 firms respectively.

     

    Mr D N Mukerjea, Editor, Fortune India Magazine, said: “The Fortune India 500 is a celebration of the size and might of Indian companies. Over the last year, the 500 largest corporations have grown sales by 21.5%; the median growth has been even higher, at about 25%. There also appears to be a fair degree of churn—there are 57 new companies, around 11% of the list. That’s always a good sign because it indicates that the laggards are being replaced by smarter and hungrier companies. The good news, however, is that many of the Fortune India 500 companies are now beginning to shape the world’s opinion of India for the better. And they may just be doing a better job than their Chinese counterparts.”

     

    Commenting on the release of the second Fortune India 500 list, Mr Pavan Varshnei, President – English Magazines, ABP said: “We are extremely proud to present this impressive second edition of the Indian Fortune 500 list. Most of the companies have managed to retain their top- positions. They have contributed towards the growth of India’s GDP and the economy. It is almost every organisation’s goal to be listed in Fortune 500 list, which is regarded as a benchmark of business excellence. I would like to congratulate all the companies and organizations who have made a cut in the list this year and wish them a successful year ahead”.

     

    The Fortune India 500, published by Fortune India magazine is an annual list compiled on the basis of latest sales and gross revenue figures. It ranks the top 500 Indian companies (publicly and privately-held companies for which revenues are publicly available) by their gross revenue after adjustments. For a sense of perspective, the special issue also features China’s 500 largest corporations as well as a list of the 75 largest corporations of BRIC (Brazil, Russia, India, and China) countries.

     

    Other individual data points include year on year change on total revenues; net operating income; profits; assets; net worth; profit as percentage of revenues, assets and net worth; dividend; and total salaries.

     

    The issue also ranks top players across different sectors including airlines, automobiles, banking, cement, consumer durables, pharmaceuticals, FMCG, infrastructure and development, media, oil and gas, power, real estate, retail and telecommunications among others.

     

    The top ranking companies of Fortune 500 India list are:

    1.       Indian Oil Corporation

    2.       Reliance Industries

    3.       Bharat Petroleum

    4.       State Bank of India

    5.       Hindustan Petroleum

    6.       Tata Motors

    7.       Oil and Natural Gas Corporation (ONGC)

    8.       Tata Steel

    9.       Hindalco Industries

    10.   Coal India

    11.   National Thermal Power Corporation (NTPC)

    12.   ICICI Bank

    13.   Bharti Airtel

    14.   Larsen & Toubro

    15.   Essar Oil

    16.   Steel Authority of India (SAIL)

    17.   Bharat Heavy Electricals Limited (BHEL)

    18.   Mangalore Refinery and Petrochemicals Limited (MRPL)

    19.   Maruti Suzuki Inida

    20.   TCS

     

  • Fortune India’s first ranking of India’s 50 Most Powerful Women in Business includes Balaji Telefilms’ Ekta Kapoor and HT Media’s Shobhana Bhartia.

    Fortune India releases ranking of 50 Most Powerful Women in Business

    By Akash Raha

    For the first time Fortune India ranked India’s 50 Most Powerful Women in Business in its November issue. Shobhana Bhartia, Chairperson and Editorial Director, HT Media Ltd. is one of the media personalities to make it to the top ten at number seven spot.

    Chanda Kochhar of ICICI Bank is in the first place, whereas Shikha Sharma of Axis Bank and Mallika Srinivasan of TAFE have taken the second and third place in the ranking.

    Kirthiga Reddy, India Head, Facebook; Lynn De Souza, Chairman and CEO, Lintas Media Group and Radhika Roy, Managing Director and Executive Co-Chairperson, NDTV Group are at number 21st, 39th and 45th spot respectively.

    Dibyendra Nath Mukerjea, Editor, Fortune India said, “Indian women span generations and today we find them in every field. Acquisitions, garnering profits, successful new ventures, pioneering concepts, snagging mega deals…all important factors, no doubt, when defining power. We looked at the changes they brought in, and the way they transformed businesses. In the process, we made some surprising discoveries. But then, surprise was what we expected when we put together Fortune India’s first ranking of the most powerful women in India Inc.”

    Other women who figure amongst the Top 10 as per the 50 Most Powerful Women in Business by Fortune India, include – Aruna Jayanthi, CEO, Capgemini India; Zia Mody, Co-founder, AZB Partners; Vinita Bali, Managing Director, Britannia Industries; Shobhana Bhartia, Chairperson and Editorial Director, HT Media; Chitra Ramakrishna, Joint Managing Director, NSE; Kiran Mazumdar-Shaw, Chairman & Managing Director, Biocon and Frenny Bawa, ex-MD, RIM India.

     

    Pavan Varshnei, President of Fortune India, said, “Fortune India’s Most Powerful Women in Business list is the most comprehensive ranking of influential women in Indian business.”

     

    The issue also carries a feature on the compensation package of the 10 highest paid Indian business women. The story gives a graphical comparison of the salaries of the highest paid women in India vis-à-vis their counterparts in US and the highest paid men in India.

     

    Fortune India’s 50 Most Powerful Women in Business

     

    Chanda Kochhar, MD and CEO, ICICI Bank

    Shikha Sharma, MD and CEO, Axis Bank

    Mallika Srinivasan, Chairperson, TAFE

    Aruna Jayanthi, CEO, Capgemini India

    Zia Mody, Co-founder, AZB Partners

    Vinita Bali, Managing Director, Britannia Industries

    Shobhana Bhartia, Chairperson and Editorial Director, HT Media

    Chitra Ramakrishna, Joint Managing Director, National Stock Exchange

    Kiran Mazumdar-Shaw, Chairman and Managing Director, Biocon

    Frenny Bawa, ex-Managing Director, RIM India

    Meenakshi Saraogi, Joint MD, Balrampur Chini Mills

    Naina Lal Kidwai, Group General Manager and Country Head, HSBC India

    Preetha Reddy, Managing Director, Apollo Hospital Enterprises

    Amrita Patel, Chairman, National Dairy Development Board

    Harshbeena Sahney Zaveri, MD and President, NRB Bearings

    Kalpana Morparia, CEO, J.P. Morgan India

    Mira Kulkarni, MD, Mountain Valley Springs India

    Sujata Keshavan, Co-founder, Ray+Keshavan Brand Union

    Roopa Kudva, Managing Director and CEO, CRISIL

    Renuka Ramnath, Founder, Managing Director and CEO, Multiples Alternate Asset Management

    Kirthiga Reddy, India Head, Facebook

    Priya Paul, President, Park Hotels Group

    Jasmeet Kaur Srivastava & Gitanjali Ghate, Managing Directors, The Third Eye

    as above –

    Rama Bijapurkar, Marketing Consultant

    Kaku Nakhate, President & Country Head India, Bank of America Merrill Lynch

    Rekha Menon, Executive Director, Accenture

    Neelam Dhawan, Managing Director, Hewlett-Packard India

    Sangeeta Pendurkar, Managing Director, Kellogg India

    Vedika Bhandarkar, Vice Chairperson, Credit Suisse

    Ekta Kapoor, Joint Managing Director, Balaji Telefilms

    Vishakha Mulye, Managing Director & CEO, ICICI Venture

    Reshma Shetty, Managing Director, Matrix India Entertainment Consultants

    Sminu Jindal, Managing Director, Jindal SAW

    Renu Sud Karnad, Managing Director, HDFC

    Ritu Kumar, Ritu Kumar Design

    Anuradha J. Desai, Non-executive chairperson, Venky’s, and chairperson, V. H. Group of companies

    Vandana Luthra, Founder and mentor, VLCC Health Care

    Lynn De Souza, Chairman and CEO, Lintas Media Group

    Bala Deshpande, Country Head and senior MD, New Enterprise Associates India

    Suvalaxmi Chakraborty, CEO, State Bank of Mauritius (India)

    Farah Khan, Co-founder, Three’s Company

    Meher Pudumjee, Chairperson, Thermax

    Ashu Suyash, Managing Director and Country Head, India, Fidelity International

    Radhika Roy, Managing Director and Executive Co-Chairperson, NDTV Group

    Rajshree Pathy, Chairman and Managing Director, Rajshree Sugars and Chemicals

    Swati Piramal, Director, Piramal Healthcare; Vice Chairperson, Piramal Life Sciences

    Manisha Girotra, Chairperson and Managing Director, UBS

    Meera Sanyal, Country Executive & Chairperson, RBS India

    Anita Arjundas, Managing Director, Mahindra Lifespaces

  • Business monthly celebrates first anniversary with double issue

    One year celebration for Fortune India

    By A Correspondent

     

    Fortune India, which was launched in October 2010, has created a reputation for being one of the best global business magazines in India.  To celebrate its first anniversary, Fortune India has come out with a double issue.

     

    Mr Pavan Varshnei, President, Fortune India, said, “The response to Fortune India has been splendid, both in terms of readership and advertising. While we’re a monthly, we still command the highest advertising market share in the premium business magazine segment. Today, Fortune India is the preferred choice among business leaders and advertisers of high end products and services.”

     

    The anniversary edition promises to be an insightful and enriching read. The cover story ‘How we work’ focuses on the changing Indian work culture. Another interesting story, which is set to spark a new debate among marketers, is Grey Sells, focussing on the 80 million people aged 60 or above, who provide a great new business opportunity. The story on Taiwan’s largest, and the world’s second-largest, chipmaker, MediaTek, shows how it has revolutionized the cellphone market in India and China. Along with the anniversary issue is a Collector’s Edition featuring the best of Fortune India’s coverage of business thought, leadership and practice across India and the neighbouring countries.

     

    On the occasion, Mr Dibyendra Nath Mukerjea, Editor of Fortune India, said, “When we launched Fortune’s India edition a year ago, we wanted to bring out a publication that delivers depth and breadth in its journalism, giving Indian business leaders actionable intelligence to propel their businesses globally. And, I am happy to share that Fortune India has become the essential read for Industry leaders and influencers.”

     

    Fortune India has also received global recognition for its design and layout – photo, graphics etc.  It received two merit awards from the Society of Publication Designers, New York, and besides that, a bronze award for infographics at the IFRA Annual Competition, earlier this year. Fortune India 500, Business Person of the Decade, the Green issue and Business of Luxury special are some of the issues that have stood apart in last one year.