MAM
FCB Ulka names Kulvinder Ahluwalia as CEO
Mumbai: FCB Group India had recently announced the restructuring of its creative agencies and a new three agency structure – FCB Ulka, FCB Interface, and FCB India. In a follow-up announcement, FCB Ulka, the flagship agency of the group, has named Kulvinder Ahluwalia as CEO. The agency has also appointed Saad Khan as chief strategy officer, and Keigan Pinto as as chief creative officer.
The newly elevated C-Suite leadership team will lead the agency’s next phase of growth in India, it said in a statement on Monday.
In their previous roles, Ahluwalia, Khan, and Pinto were the trio heading the account management, strategic planning, and creative respectively at the agency’s Mumbai office.
“Ulka is celebrating its 60th anniversary in 2021. It is only appropriate that on this momentous occasion, we start getting the agency ready for the next 60 years. And what better way to do this than recognizing talent from within,” FCB Ulka vice-chairman Nitin Karkare said. “Kulvinder, Saad, and Keigan have played a key role in building the Mumbai office of FCB Ulka. And I am delighted that they will now lead the agency into the future.”
Kulvinder Ahluwalia, who joined the agency in 1996 as a management trainee, as part of Star One – an entry-level program in the industry, is now the CEO in a demonstration of the agency’s strong commitment to long-term partnerships.
Chief creative officer Keigan Pinto is also a Bollywood musician, apart from being a deeply insightful creative leader, with a pulse on popular culture. He has been listed among the ‘Blazing Admakers’ of the country by Impact Magazine and his work has been awarded at the most prestigious national and international platforms.
With over two decades of diverse experience in advertising and brand consulting, chief Strategy Officer Saad Khan brings to work solid problem-solving skills and an attitude that questions formulaic marketing. An ardent advocate of detail, data, and behavioural economics, his approach to strategy is to remove all the noise to get to the core problem.
“I believe future-readiness starts with talent. Empowering and enabling our best talent to perform at their very best has always been at the heart of my organizational philosophy,” said FCB Group India chairman & CEO, Rohit Ohri. “This elevation of our shining stars makes me truly proud because it embodies the spirit of #talentaboveallelse and is a demonstration of our belief of growing our future leaders from within. This new leadership partnership structure is what will make us future-ready and power our creative transformation journey for the next decade and beyond.”
Brands
upGrad acquires Internshala in 90 per cent stock deal to own career funnel
Deal aims to scale Internshala’s revenue from Rs 45 crore to Rs 100 crore
MUMBAI: upGrad has acquired Internshala, the world’s largest internship and early-talent marketplace, in a bid to stitch education, skilling and employment into a single career pipeline.
The transaction, announced on 26 February, is structured as a 90 per cent stock-swap, with the financial terms undisclosed. The deal deepens upGrad’s push to control the full career lifecycle, from learning to hiring, at a time when India’s skilling economy is under pressure to deliver outcomes, not just credentials.
Founded in 2010, Internshala claims more than 34 million registered users and 450,000 employers, with roughly 3 million active applicants each year. Over 40 per cent of its users come from tier 2 and tier 3 cities, and most of the platform’s traffic is organic. The company currently reports an annual revenue base of Rs 45 crore.
Under upGrad’s ownership, Internshala is expected to scale aggressively. The company aims to grow the platform’s revenue to Rs 100 crore and beyond, backed by increased investment in product development, AI-led talent matching and enterprise hiring solutions.
Internshala will continue to operate as an independent brand, led by its founder and CEO Sarvesh Agrawal, while tapping into upGrad’s technology stack, distribution and learning ecosystem.
“Education and employment in India have operated in silos for too long,” said upGrad head of corporate strategy and growth Chirag Samdaria. He said the acquisition strengthens the earliest and most consequential stage of the career journey, where intent is high and outcomes can be shaped.
Agrawal described the deal as a natural convergence of learning and opportunity, adding that the partnership would allow Internshala to skill millions of candidates and supply pre-trained talent to employers at scale.
Investec acted as exclusive financial adviser to Internshala.
The acquisition marks a strategic milestone for upGrad as it seeks to position itself not merely as an education provider, but as an end-to-end workforce development platform aligned with India’s evolving labour market.
