MAM
IPG Q2 net down 2.65%
MUMBAI: Global media communications group Inter Public Group (IPG) has reported a 2.65 per cent fall in its net income in the second quarter ended 30 June 2012.
IPG‘s net income during the second quarter was $99 million against $101.7 million a year earlier.
Its revenue in the second quarter too were down by a marginal 1.15 per cent. Its revenue in the quarter were $1.72 billion against $1.74 billion a year earlier.
Its organic revenue grew by just 0.8 per cent compared to a year earlier, weighed down by account losses in the US. While the group‘s organic revenue increased by six per cent internationally, it decreased by 3.2 per cent in the US.
For the first half of 2012, IPG‘s revenue was flat at $3.22 billion compared with $3.21 a year earlier. IPC‘s organic revenue increased by 1.7 per cent in the first six months compared to a year earlier. IPG‘s net income for the first six months of 2012 was $53.1 million as against $53.6 million a year earlier.
IPG chairman and CEO Michael Roth said, “Our organic revenue growth, which was 0.8% in the second quarter and 1.7% in the first half, reflects strength in high-growth international markets, digital and marketing services, as well as revenue headwinds that we‘d previously indentified.”
The global economic situation remains uncertain, which will require vigilance as we move through the balance of the year, Roth said. “We are nonetheless targeting stronger growth in the second half, in order to achieve our full year 2012 objective of 3 per cent organic revenue growth.”
MAM
Bajaj Electricals appoints Rahul Pundir as chief supply chain officer
24-year P&G veteran to lead unified SCM from 2 March 2026.
MUMBAI: Bajaj Electricals just plugged in a supply chain superstar because when your operations need to run like clockwork, you don’t settle for a dim bulb. Bajaj Electricals Limited has appointed Rahul Pundir as chief supply chain officer, effective 2 March 2026. In this role, Pundir will spearhead the company’s unified supply chain management function, overseeing logistics, manufacturing, sourcing, planning and quality to build greater agility, resilience and efficiency.
Pundir brings over 24 years of global experience from Procter & Gamble, where he led complex supply chain operations across Asia, the Middle East & Africa, India and Japan. Known for driving large-scale digital transformations, he sharpened forecasting accuracy, enhanced manufacturing excellence and strengthened inventory agility in diverse markets.
Bajaj Electricals chairman Shekhar Bajaj said, “We are delighted to welcome Rahul Pundir to the Bajaj Electricals team. Supply chain excellence lies at the heart of how we serve our customers and partners every day. Rahul’s rich global experience and deep operational expertise will further strengthen our capabilities and help us build a more agile, resilient, and future-ready organisation.”
Bajaj Electricals Managing Director and CEO Sanjay Sachdeva added, “We are thrilled to welcome Rahul Pundir to Bajaj Electricals at an exciting phase of our growth. Rahul’s leadership will help us unlock greater efficiencies, elevate service levels, and build a more agile organisation that supports our long-term growth ambitions.”
The appointment comes as Bajaj Electricals headquartered in Mumbai with FY 24-25 turnover of Rs 4,828 crore continues to expand its portfolio across consumer appliances, fans, consumer lighting and professional lighting solutions under the Bajaj and Morphy Richards brands. Part of the $100 billion Bajaj Group founded by Jamnalal Bajaj in 1938, the company has maintained consumer trust for over 87 years through innovation and quality.
In an industry where every link in the chain matters, Bajaj isn’t just adding a new officer, it’s powering up its entire operation, one strategic hire at a time.
