MAM
Aegis expands footprint in Chennai
MUMBAI: Aegis is expanding its footprint in India. Carat, the media agency from the Aegis stable, has launched in Chennai. Posterscope will also expand its team and launch new services in Chennai.
Carat will be headed by senior vice president south Joydeep Raha. Aegis also plans to expand its Carat Fresh teams in Chennai with recruitment of new talent and introduction of new services.
In addition to this, Aegis Media India is consolidating its Chennai office in one building which will house Vizeum, Isobar (Digital) Iprospect (Search), Posterscope (OOH), Hyperspace (Retail), Carat and Carat Fresh Integrated (Activation).
Aegis Media chairman India and CEO South East Asia Ashish Bhasin said, “We believe Chennai will be an extremely important market in the years to come and the spectacular success of Vizeum has proven that. Vizeum has won several businesses and expanded rapidly in Chennai. We are investing in a world class, state-of-the-art office, with the latest systems, technologies and connectivity. Shortly our clients in Chennai will, perhaps for the first time, have available to them, all specializations under one roof. We will soon announce the launch of a few more of our services, later this year. Our One Aegis promise will, from July 2nd, be available to our clients in Chennai, too. ”
Vizeum managing director Indian sub continent S Yesudas added, “I have to place on record my appreciation for Team Vizeum Chennai who saw the merit in our story and chucked their other established jobs to put their hands on ours when we were just beginning. We will stay focused on this market in terms of our investment in our product as well as talent. My gratitude also goes out to each of our clients who have stood by us, with a special thanks to Amrutanjan and Sambhu for being the inspiration for our launch in Chennai.”
Brands
Magnum Ice Cream Netherlands takes control of Kwality Wall’s India from Unilever
61.9 per cent stake transfer reshapes ownership as Unilever exits promoter role
MUMBAI: Kwality Wall’s (India) Limited has entered a new chapter, with The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. acquiring a controlling 61.9 per cent stake from a clutch of Unilever PLC-led entities, marking a significant shift in ownership.
The transaction, completed on March 30, 2026, follows a share purchase agreement signed in June 2025. The incoming promoter picked up over 145 crore equity shares, effectively taking control of the company and being formally classified as its new promoter under regulatory norms.
As part of the deal, the outgoing promoter group, including Unilever Group Limited and its affiliated entities, has fully exited its shareholding in the company. They have now been reclassified from promoter to public shareholders, closing a long-standing association with the ice cream business in India.
The board of Kwality Wall’s (India) Limited took note of the ownership change and approved a series of leadership updates alongside it. Ritesh Tiwari stepped down as director, while Abhijit Bhattacharya was appointed as chairperson and additional non-executive director. Tahir Toloy Tanridagli also joined the board as an additional non-executive director.
The reshuffle signals a broader strategic reset as the Magnum-led entity looks to steer the brand’s next phase of growth in India. The transition has been carried out in line with regulatory requirements, including disclosures tied to the open offer and reclassification norms under market regulations.
With Unilever stepping back and Magnum stepping in, Kwality Wall’s India is effectively getting a fresh scoop of leadership and direction. The coming months will reveal how the new promoter plans to scale the brand in one of the world’s most competitive ice cream markets.
