MAM
The Advertising Club restructures membership fees
MUMBAI: The Advertising Club will be restructuring its fee structure with effect from 1 January, 2016.
As per the new structure, for an individual, a lifetime membership with the club will now cost Rs 7500.
On the other hand, corporate memberships rates come with a customised format. A corporation can get a 15 year membership for 10 of its employees for Rs 1 lakh, which goes up to Rs 2.5 lakh and Rs 5 lakh for 25 and 50 members respectively.
An annual three-year membership will be chargeable at Rs 2500, with renewal fees of Rs 500 per year.
One can also opt for a student membership worth Rs 1000, which is valid for 12 months.
Keeping in mind the holiday season, the club has extended the last date for enrolments and payments under the existing structure till 7 January, 2016, and individual life membership to the club stands valid at Rs 5,000 up to 31 December, 2015.
Going forward, the Advertising Club also intends to make membership mandatory for industry professionals participating in Ad Club events such as Effies, Emvies etc. and two guests per member will be entertained for each of such events.
Brands
Safex Group appoints Richa Malhotra as group chief financial officer
Former Standard Chartered executive to steer finance
NEW DELHI: Safex Chemicals has appointed Richa Malhotra as group chief financial officer, strengthening its leadership team as the company prepares for the next phase of expansion in specialty chemicals and global agrochemicals.
In her new role, Malhotra will lead the group’s financial strategy, capital architecture and governance framework as Safex scales operations across multiple verticals including branded formulations, specialty chemicals and contract manufacturing.
A chartered accountant and graduate of Shri Ram College of Commerce, University of Delhi, Malhotra brings more than two decades of experience in business finance, strategic planning, corporate banking and client management.
Before joining Safex, she served as executive director, financial markets at Standard Chartered, where she led teams across India and Sri Lanka and worked closely with large corporates, global subsidiaries and commercial banking clients. Her expertise includes capital structuring, treasury operations, risk management and financial markets led financing solutions.
Safex Group promoter director and joint managing director Piyush Jindal, said the appointment comes at a pivotal time for the company. “Safex stands at an inflection point as we build an integrated platform across branded formulations, specialty chemicals and contract manufacturing. Richa’s experience across global financial institutions will strengthen our financial discipline and help unlock value across the group,” he said.
Malhotra said she was looking forward to contributing to the company’s next chapter of growth. “Safex has built a strong reputation over 35 years with its focus on integrity, innovation and agricultural insight. I am excited to be part of the organisation as it expands its footprint in India and global markets,” she said.
The appointment comes as Safex continues to strengthen its financial foundations and scale operations internationally, positioning itself for future growth milestones.
