AD Agencies
Indian watchdog had reason to raid global ad agencies for price-fixing
MUMBAI: Even as India’s advertising industry executives were painting the town red at their annual jamboree in Goa, a Reuters exposé should have them reaching for paracetamol. The party-poopers at India’s Competition Commission have uncovered a cosy cartel that makes the old boys’ club look positively egalitarian.
A confidential document dated 7 February reveals that global advertising giants have been caught red-handed coordinating the commissions they charge clients—a practice about as competitive as a rigged horse race. The evidence was so damning it prompted surprise raids in March at the Indian offices of WPP-owned GroupM, Interpublic, Publicis and Dentsu, along with three industry bodies that apparently forgot the first rule of cartels: don’t leave a paper trail.
The Competition Commission of India’s (CCI’s) sleuths discovered not one but three separate cartels operating through the Indian Society of Advertisers, the Advertising Agencies Association of India (AAAI) and the Indian Broadcasting and Digital Foundation (IBDF) . It’s like finding out your local parish council is actually running the mafia.
Since at least 2023, these agencies have been exchanging commercially sensitive information through WhatsApp groups. They agreed to stick to pre-decided commission structures with the discipline of a Swiss watch, the commission found.
The AAAI, which represents the big four agencies, didn’t just coordinate prices. It organised virtual meetings to align on responses to clients and discussed “retaliatory action” against members who dared to break ranks. The group also “fixed the formula for fees in case of fee-based service to advertisers”, the commission noted—apparently unaware that price-fixing went out of fashion around the same time as top hats.
None of the accused parties responded to Reuters’ queries, maintaining the kind of stony silence usually reserved for caught teenagers or politicians facing corruption charges.
The case was triggered after Dentsu turned whistleblower—a move that proves there really is no honour among thieves. The revelations cast a shadow over India’s booming media sector, where Reliance-Disney and Sony are top dogs in a market worth $18.5 billion last year.
The commission found that advertisers had “established a buyer’s cartel” whilst broadcasters engaged in “collective action to refrain from giving discounts.”. Another cartel lurks in the media segment, with attempts underway to establish one in the creative business too, because apparently one conspiracy just isn’t enough.
In recent weeks, the AAAI has privately advised members to avoid pricing discussions during meetings unless their legal adviser is present.
The investigation comes as India’s advertising landscape shifts following last year’s $8.5 billion merger between Walt Disney and Reliance’s Indian media assets, creating a behemoth with an estimated 40 per cent share of the television and streaming ad market.
India ranks as the world’s eighth-biggest advertising market, making this less a local spat and more a global reckoning. The CCI’s investigation is expected to rumble on for several months before final findings emergE.
AD Agencies
AdTrust Summit 2026 to examine trust, AI and Gen Alpha in advertising
Two-day summit in Mumbai to explore ethics, regulation and the future of advertising trust
MUMBAI: At a time when advertising is navigating a delicate trust deficit, the Advertising Standards Council of India is preparing to bring the industry to the table. On 17 and 18 March, the body will host the inaugural AdTrust Summit 2026 in Mumbai, a two-day gathering designed to spark conversation around responsibility, regulation and credibility in modern advertising.
The summit, to be held at the Jio World Convention Centre in Bandra Kurla Complex, will bring together leaders from advertising, media, technology and policy to examine how brands can build trust in a marketplace increasingly shaped by algorithms, influencers and artificial intelligence.
In an age of deepfakes, dark patterns and blurred lines between content and commerce, the question is no longer just how brands capture attention, but whether audiences believe what they see. The AdTrust Summit aims to unpack that challenge.
Day one will turn its attention to the youngest digital natives. Titled Decoding Gen Alpha, the session will unveil ‘What the Sigma?’, a study by ASCI and Futurebrands Consulting that explores how children growing up in a hyper-digital environment encounter advertising and commercial messaging.
The report presentation will be delivered by Santosh Desai, founder and director at Think9 Consumer Technologies and a social commentator known for his insights into consumer behaviour. The discussion that follows will attempt to decode how Gen Alpha consumes media, interacts with brands and navigates the growing overlap between entertainment and marketing.
In a move that mirrors the subject itself, two Gen Alpha students will also join the conversation, offering a rare perspective from the generation advertisers are trying to understand.
The second panel of the day will shift the focus from observation to implication, asking what the report’s findings mean for brands, agencies and society. Speakers include Karthik Srinivasan, communications strategy consultant; Preeti Vyas, president at Mythik; and Abigail Dias, associate president planning at Ogilvy. The session will be moderated by Sonali Krishna, editor at ET Brand Equity.
Day two moves from insight to regulation. Under the theme From Compliance to Trust, ASCI will release its Ad Law Compendium, a comprehensive guide to India’s advertising regulations.
The day will open with a keynote by Sudhanshu Vats, chairman at ASCI and managing director at Pidilite Industries, followed by a chief guest address by Sanjay Jaju, secretary at the Ministry of Information and Broadcasting.
Legal experts from Khaitan & Co., including Haigreve Khaitan, senior partner, and Tanu Banerjee, partner, will present an overview of the current advertising law landscape in India and examine whether existing frameworks are equipped to deal with emerging technologies and formats.
Subsequent panels will explore issues increasingly shaping the industry’s ethical compass. Conversations will range from the limits of persuasive design and the rise of dark patterns, to the growing scrutiny brands face from digital creators and consumer watchdogs.
One session will also feature Revant Himatsingka, widely known online as the Food Pharmer, whose critiques of packaged food brands have sparked debate around transparency and corporate accountability.
Later discussions will turn toward media literacy among Gen Alpha, asking how children can be equipped to navigate a digital world where gaming, content and commerce are becoming indistinguishable.
The summit will conclude with a final panel on the future of advertising, bringing together voices from agencies, legal circles and technology platforms to discuss how innovation, intelligence and integrity can coexist.
For an industry built on persuasion, trust has always been its quiet currency. But as audiences grow more sceptical and digital ecosystems more complex, that currency is under pressure.
Events like the AdTrust Summit suggest the advertising world knows it cannot afford to take credibility for granted. The real challenge now is turning conversation into commitment.
