MAM
Martin Sorrell pegs WPP’s India biz at $600 mn; thrust on organic growth
MUMBAI: Just a few days after meeting Prime Minister Narendra Modi in New York, WPP CEO Martin Sorrell, in his visit to India was bullish about the market and pegs the company’s business here at $600 million with a strong thrust on organic growth.
“We are very aggressive in terms of growth here in India and this year we are expecting to grow by 10 per cent, which is double of the global growth rate (4.8 per cent). Net sales growth in India is roughly same as the revenue growth, which is 10 per cent while globally it’s three per cent. So overall, we are doing very good across the board and have no complaints,” he said.
“Our business in India is just under $600 million in revenue. We are proud of our business here and we have a very large market share,” asserted Sorrell.
He further added, “Though we will have acquisitions, organic growth will be key in India. If your business is $600 million and you are growing at 10 per cent per annum, you can’t find acquisitions in India in $60 million. So organic growth will continue to be the principle way that we grow in the Indian market.”
Events to watch out for in 2016:
Sorrell is of the opinion that the 2016 Rio Olympics will be a major event. “The backdrop in Rio de Janeiro will be one of the best backdrops to be in,” Sorrell says.
Apart from the Olympics, the US presidential elections as well as the UEFA European Championship will also be key events to watch out for in 2016 according to Sorrell.
Key for advertising industry:
Sorrell predicts that the key for the company would be to grow at the rate of GDP growth with little or no inflation.
“The thing that worries me the most is not the geo-political issues, be it Greece or US deficit, or the Middle East, but the failure of companies to invest long term,” he emphasised.
Importance of People:
Sorrell believes that people are the most important part of a company and clients choose agencies on the basis of that.
He said, “Our revenues are at $19 billion around the world and at $23 billion including associates. Of the $19 billion, $12 billion is invested in people because I believe that the key differentiator between agencies is people. That’s how clients choose one agency over the other.”
BARC and TAM JV
The biggest outcome of the team up between two Indian television measurement agencies, as per Sorrell is both companies accepting each other’s business models. He was also of the opinion that TAM should have been more flexible in terms of number of meters. He said, “I think we will get to one equilibrium that gives some consistency and validation, which is really important.”
MAM
Sukhpal Singh Ahluwalia deepens philanthropic push in India ahead of retirement
Entrepreneur backs gurdwara project and education for slum children as he expands charitable footprint in the country
LONDON: Sukhpal Singh Ahluwalia is ramping up his philanthropic footprint in India. On a recent visit to the country, the UK-based entrepreneur stepped up support for religious and educational causes, signalling a deeper long-term commitment as he prepares to spend more time in India ahead of retirement.
Ahluwalia reaffirmed support for key social initiatives, including a donation to Sri Guru Singh Sabha Gurdwara Kalgidhar Sahib in Gurugram and continued backing for a school in Faridabad for which he had earlier purchased the land.
The donation will fund the construction of the gurdwara, expected to be completed by mid-2028. Run largely by volunteers, the site will serve as a community hub and continue the Sikh tradition of langar — a community kitchen that provides free meals to all, regardless of faith.
Parallelly, the Faridabad school continues to deliver free, multi-year education to children living in extreme poverty in surrounding slums. The institution is part of the 12 educational facilities run by the Jagriti Sewa Trust, where Ahluwalia serves as chairman. The trust provides underprivileged students with free education as well as skill-development opportunities.
The latest support adds to Ahluwalia’s long record of charitable giving in India. In recent years, it included a £100,000 donation to the Kailash Satyarthi Children’s Foundation’s Justice for Every Child campaign, which provides legal and psychological support to vulnerable children and their families.
Through the Ahluwalia Foundation, the businessman regularly backs charities and non-profits in both India and the United Kingdom. The foundation focuses on projects linked to education, migration and the rights of children and women.
Ahluwalia’s philanthropic drive is rooted in personal history. Having fled to the UK as a refugee at the age of 13, he has long supported migrant-focused organisations, including the London-based Migration Museum, while also funding educational initiatives in India such as free schooling programmes in Hyderabad.
Now, as he gradually shifts more of his time to India, Ahluwalia’s charitable ambitions are expanding. Future plans include launching a classic car rally across the country to raise funds for causes he supports.
“Education and faith are very close to my heart,” Ahluwalia said. “For so many Indians, whether they live in India or abroad, a gurdwara or any place of worship is more than somewhere to practise faith. They are places of community and identity.”
Reflecting on the Faridabad visit, Ahluwalia added: “It was very special seeing the work of the Jagriti Sewa Trust firsthand. Knowing that disadvantaged children are receiving a free education — and that I had a small part to play in that — is deeply meaningful. Social status and economic background should not determine a person’s chances of success.”
