MAM
Triple A Awards: Lowe maxes, Contract follows with Quadrant getting three golds
It’s awards season in the advertising business. The first of them: the seventh edition of The Triple A Awards (in association with leading Indian television network Star India) got going last night at Mumbai’s Oberoi Hotel.
A lounge suit affair held by the poolside, it attracted head honchos from advertising right from JWT head Mike Khanna to RK Swamy’s Sreenivasan Swamy to Saatchi & Saatchi’s R.Shantakumar, Lowe Lintas’s Prem Mehta, Bates India’s Madhukar Kamath, Mudra’s Kaushik Roy, Madison’s Sam Balsara, and Canco’s and 3Aof I president Ramesh Narayan, and London-based art and creative guru Graham Fink and his partner Dierdre Allen of the Fink Tank.
Also present was O&M’s Piyush Pandey, which led Balsara who hosted the proceedings to remark that “I hope Piyush’s presence lays to rest any controversy that the media is trying to play up about O&M and the 3A of I.”
Marketing veterans such as Hawkins’ Brahm Vasudeva, and the Tata Group’s J.C. Chopra, Eureka Forbes’s COO Bal Palekar, Levers’ director (personal products) Arun Adhikari, and director (detergents) Aart Weizburg, also marked their presence.
The evening commenced with a rendition of the Barbara Streisand hit single Memory by Sharon Prabhakar, which talked about the bad times that the advertising industry has gone through last year and how it is seeking a silver lining. An impeccable performance if there was any by India’s Evita.
Sam Balsara and Canco boss Ramesh Narayan were the sole two individuals on stage who handed out the awards. Fink – best known for his British Airways campaign which featured humans creating a face – came in as a break. He scolded the fraternity for not being buoyant about the awards and the wins. He mimicked the walk of the Lowe Lintas rep who walked up to receive the awards and told him to not look miserable. (This remark led Balki to comment later that he does not need any Finks or Pandeys or Khanna to teach Lowe how to walk or talk while receiving an award). Fink then went to talk about how he masqueraded as an old man in London to get a job in Collette, Dickens and Pierce, a creative hotshop in those days. He also extolled ad professionals to ask themselves what is their message, quoting Mahatma Gandhi who once said “My message is my Life.”
The big awards went to Levers (The Advertiser of the Year), Quadrant (Showcase of the Year – Press, Contract bagged the silver and HTA the bronze), Lowe Lintas (Showcase of the Year, joint silvers to Contract and HTA), Everest and Saatchi (joint gold for Campaign of the Year for Parle Agro’s Frooti Digen Verma campaign, and Maruti Udyog’s WagonR respectively; Levers’ Pepsodent toothpaste got the silver).
The awards were marked by the absence of any entries from O&M. The Abbys which are slated to be held on 9 March 2002, will be marked by the absence of any entries from Lowe Lintas. Apparently, a schism has been created in the industry last year, since Lowe Lintas’ Balki and O&M’s Piyush Pandey got into a media brawl about the manner in which the Abbys were being judged.
Brands
Oyo parent Prism appoints former Sebi chief Ajay Tyagi to Board
Former market regulator joins Prism to strengthen governance for IPO
NEW DELHI: Prism, the parent entity of Oyo, has appointed former Sebi chairman Ajay Tyagi as an independent director, as the hospitality firm gears up for its planned Rs 6,650 crore initial public offering (IPO).
Tyagi, a 1984-batch IAS officer, served as chairman of the Securities and Exchange Board of India (SEBI) from 2017 to 2022. His appointment is aimed at strengthening the company’s governance framework and providing strategic oversight as it moves closer to a public listing.
He joins a high-profile board that already includes several prominent names from global business and policy circles. These include Troy Matthew Alstead, former CFO and group president of Starbucks; Aditya Ghosh, co-founder of Akasa Air; Deepa Malik, paralympic athlete and Padma Shri awardee; William Steve Albrecht, professor of accountancy at Utah State University; and Bejul Somaia, partner at Lightspeed Venture Partners.
Prism founder Ritesh Agarwal, said Tyagi’s experience in capital markets regulation and public-institution stewardship will be critical as the company scales operations and enhances long-term accountability.
The company recently filed preliminary papers with Sebi to raise Rs 6,650 crore through a confidential route. Market sources estimate its valuation will be in the range of $7 billion to $8 billion.
Over the course of his career, Tyagi has held senior roles in the ministry of finance, where he oversaw investment policy and financial-sector reforms. His induction to the Prism board signals a renewed focus on aligning the company’s internal standards with the stringent requirements of public markets as it advances toward its IPO.
