MAM
R. Balakrishnan bids adieu to MullenLowe Lintas
MUMBAI: After a three decade long career in the advertising industry, R. Balakrishnan, has decided to move out of MullenLowe Lintas Group, India. The majority of Balki’s advertising years have been spent at the agency where he held the role of group chairman.
Balki joined the agency in 1994 and was based in its Bangalore office then.
MullenLowe Group global CEO Alex Leikikh said, “Balki has been the architect of the stellar agency we have in India today. He leaves behind an operation that’s successful and future-ready, a leadership team that’s perhaps the strongest of any agency in India, and a culture that he shaped along the way while himself leading by example. While we will miss his infectiously passionate presence, we wish him even greater success as a film-maker.”
Speaking of his decision, Balki voiced, “We’ve been planning this for some time now. It’s been a long process of succession planning that concludes with my move. The agency is at its strongest today and I leave feeling satisfied, proud and excited. We have a fine leader in Joe and two world-class creative champions in Amer and Arun. The agency has given me more than 22 years’-worth in opportunities, growth, values and most of all, some friends-for-life.”
Balki started his career in Mudra, before moving on to Lintas, a place that he went on to make his home for over two decades. While with the agency, he’s been the brain behind several globally acclaimed campaigns and brand ideas. Under his leadership, MullenLowe Lintas Group has consistently retained its spot as one of India’s top agencies and a training ground for some of the best advertising minds of the industry.
MullenLowe Lintas Group CEO Joseph George who has worked closely with Balki through all of the 22 years added, “It is impossible and even foolish to try and replace someone like Balki; so we planned the transition differently. As early as July 2015, we put in place, a management structure that would help us move forward as an organisation, while also maximizing the potential and aspirations of great individuals we have. Balki and I have tried to think this through every step of the way, and it’s reached a place where we feel the agency is ready for today, and tomorrow.”
Balki concluded, “There is no bigger happiness than to see a thought actually work the way you had fantasised. Lowe was a thought am proud of. Ok…next!”
Brands
Kotak Mahindra Bank appoints Ramesh Iyer to board
Veteran financier replaces Ashok Gulati, who retires in March
MUMBAI: Kotak Mahindra Bank has announced a change to its board of directors, with independent director Ashok Gulati set to retire at the end of his term on 5 March.
The company said it has appointed Ramesh Ganesh Iyer as an additional and independent director for a four-year term, effective 17 February, subject to shareholder approval.
Iyer brings more than four decades of experience in financial services. He spent much of his career at Mahindra & Mahindra Financial Services, where he served as vice chairman and managing director before taking on the role of president for the financial services sector and member of the group executive board at Mahindra & Mahindra. He retired from the group in April 2024.
During his tenure, Iyer was instrumental in expanding rural and inclusive finance initiatives, scaling the company’s assets and customer base. He also led the creation of subsidiaries in rural housing finance, insurance broking and asset management, and oversaw international joint ventures.
Iyer holds a commerce degree and a doctorate of letters, and currently serves on the boards of several listed and unlisted companies.
The board meeting approving the changes was held in Mumbai on February 17 between 6.30 pm and 6.50 pm.
