MAM
Mediacom wins J&J baby products media planning business
MUMBAI: Mediacom India, the specialist media independent of Grey Worldwide, has won the planning of a certain section of Johnson and Johnson baby products’ account. Initiative Media (Lowe Lintas) was also in the fray but lost to Mediacom, which already handles the entire Johnson and Johnson agency-of-record (AOR) business. Media sources claim that the business is around Rs 150 million. However, the remaining part of the media planning will still be handled by McCann Erickson India.
Mediacom India handles blue-chip accounts such as Om Kotak, Kotak Mutual, SET MAX, Gujarat Ambuja, Marico Industries.
and Arvind brands.
Media reports also indicated that Mediacom India was also planning to forge more alliances with smaller agencies for media planning and buying.
Mediacom was expecting a 50 per cent growth in 2002 compared with the previous year and had touched the Rs five billion mark in its billings.
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.
