MAM
LMG bags Jayalakshmi Silks‘ media biz
MUMBAI: Lintas Media Group has won the media mandate of Kochi-based readymade textile retailer Jayalakshmi Silks.
The account is pegged at Rs 200 million. A local media agency was handling the account prior to this.
LMG‘s Suresh Balakrishna said, “Vidya Nandakumar has just taken over as the head of the Kochi office and we have won Jayalakshmi Silks. We are delighted to win this business and along with Manappuram, which is an existing account in Kochi, makes us a serious player in the Kerala market.”
Jayalakshmi Silks managing partner Govind Kamath added, “The retail market in Kerala is extremely vibrant especially in the textile and jewellery categories. We too have been growing and expanding at a healthy pace. In the last 18 months, apart from our Kochi outlet which is more than 50 years old, we have opened outlets in Calicut and Thiruvanthapuram and are opening our largest outlet in Trichur in April.”
“We realised that in order to help us in the expansion process we need large, credible, partners with international pedigree,” Kamath added.
MAM
Visa India Group Country Manager Sandeep Ghosh steps down
Seasoned payments executive exits after more than four years with the company.
MUMBAI: Sandeep Ghosh has decided to swipe out of Visa after more than four years of steering the payments giant’s operations across India and South Asia. Visa Inc. has announced that Sandeep Ghosh is stepping down from his role as group country manager for India and South Asia. The company confirmed that a successor has already been identified and will be announced shortly.
Ghosh joined Visa in March 2022 and played a key role in expanding the company’s digital payments footprint and strengthening partnerships with banks and fintech firms in the region. His tenure coincided with a period of rapid growth in India’s electronic payments ecosystem.
Before joining Visa, Ghosh was a partner in financial services consulting at EY. With over 35 years of experience spanning financial services, consulting, and FMCG sectors across more than 25 countries in Asia, Europe, Africa, and the Middle East, he has held leadership roles at AXA, Citibank, ANZ, RBS, and PepsiCo. He holds an MBA in Marketing and Strategy from IIM Ahmedabad and a Bachelor of Commerce from the University of Mumbai.
His departure comes as Visa continues to deepen its push into digital transactions and expand collaborations across South Asia.
In the fast-moving world of digital payments, where transactions happen in the blink of an eye, Ghosh’s exit marks the end of a significant chapter for Visa in one of its most important growth markets. The company now prepares to hand the baton to a new leader as it keeps the momentum going.
