MAM
U GRO Capital Ltd announced Mr. Navin Puri as an Independent Director
MUMBAI: U GRO Capital, a BSE listed, technology enabled, small business lending company has appointed Mr. Navin Puri, a financial services veteran as an Independent Director on its Board.
Mr. Navin Puri was formerly the country Head of Branch Banking at HDFC Bank and has over 30 years of experience in the financial services industry. He has held several senior positions in various capacities in HDFC Bank and ANZ Grindlays Bank. He has completed his MBA from Texas University and B. Com. From St. Xavier’s College, Calcutta. He is also a member of The Institute of Chartered Accountants, India.
U GRO Capital, which is backed by multiple marquee investors including NewQuest, PAG, ADV Partners and Samena Capital prides itself on its strong corporate governance framework and in being a truly board controlled, management run institution.
Mr. Navin Puri joins other industry luminaries including Satyananda Mishra, the former Chief Information Commissioner of India, NK Maini, the former Deputy Managing Director of SIDBI, Rajeev Agarwal, ex-member of SEBI, Abhijit Sen, the ex-CFO of Citi India, Ranjana Agarwal, a partner at Vaish & Associates and S. Karuppasamy, the former Executive Director of the RBI on U GRO’s majority independent board.
Mr. Shachindra Nath, Chairman and Managing Director, stated “It is with great pleasure that we welcome Mr. Navin Puri to our Board. One of the founding pillars of U GRO is board driven corporate governance, – a core tenet of which is strong Independent Directors. Mr. Puri is a highly respected figure who will not only add great value to us in this aspect, but also through his strategic insights resulting from a long and successful career in the Indian financial sector. We are confident that this will be a fruitful addition that will provide great long-term value to U GRO.”
U GRO’s philosophy is to bring together individuals with deep and non-overlapping expertise on its board and has a board comprising of individuals with experience in working with regulatory bodies like RBI, SEBI, developmental funds like SIDBI, the Indian government and those with significant expertise in the audit and compliance functions. With Mr. Navin Puri, the company has onboarded a seasoned private banker who will help it in its journey to ‘Solve the Unsolved’ – the small business credit availability problem in India.
MAM
India’s experience economy grows as live events market hits Rs 17,000 crore
EY-Parthenon and BookMyShow report finds 78 per cent Indians prefer experiences over products
MUMBAI: India’s live entertainment scene is no longer just about music, comedy or festivals. It is increasingly becoming a powerful stage for brands seeking deeper connections with consumers.
A new report titled Beyond Attention, Into Immersion by EY-Parthenon and BookMyShow suggests that India’s experience economy is entering a strong growth phase, driven by consumers who are choosing memorable moments over material purchases.
According to the study, the country’s live events ecosystem, which includes concerts, comedy tours, festivals and immersive exhibitions, is estimated to reach around Rs 17,000 crore in 2025. The growth reflects a broader cultural shift in how Indians spend their time and money.
The report finds that 78 per cent of Indian consumers now prefer spending on experiences rather than physical products. From attending concerts and festivals to participating in interactive brand installations, audiences are increasingly seeking engagement, community and shareable moments.
This change in consumer behaviour is particularly evident among younger audiences who want to participate rather than simply watch. Instead of passively consuming entertainment, many now look for experiences that allow them to interact, express themselves and connect with like minded communities.
For marketers, this shift has turned experiential marketing into a strategic priority rather than a promotional add on. Brands are moving away from interruption driven advertising and towards immersive formats that allow consumers to discover, test and emotionally connect with products.
The report suggests that experiential marketing now plays a role across the entire consumer journey. It can spark brand discovery, strengthen storytelling, encourage product trials and ultimately influence purchase decisions and loyalty.
The impact is already visible. Post event surveys conducted among 7,450 attendees at major events including Lollapalooza India and concerts by Ed Sheeran and Guns N’ Roses highlight the effectiveness of these experiences.
Around 59 per cent of attendees recalled brands they interacted with during the events, while 55 per cent said those interactions increased their likelihood of purchasing from the brand. A further 63 per cent reported that brand activations actually enhanced their event experience rather than distracting from it. Nearly 29 per cent also said the interaction improved their perception of the brand.
Brands are also changing the way they approach events. Instead of simply putting logos on stages or banners, companies are building experiences into the fabric of the event itself.
Financial services brands, for example, are offering early ticket access, exclusive lounges and curated event experiences for cardholders. Fashion and beauty companies are using festivals to showcase products through pop ups, interactive installations and social media friendly spaces that encourage visitors to share their experiences online.
The scope of experiential marketing now stretches far beyond live entertainment. Retailers are designing experiential stores where customers can explore products in lifelike environments. Entertainment platforms are extending popular intellectual properties into immersive exhibitions and fan events. Technology is also playing a growing role through augmented reality and virtual try on tools that blend digital discovery with physical interaction.
Cultural festivals remain one of the most powerful platforms for such engagement in India. Celebrations such as Navratri and Holi bring together large communities, emotional participation and heightened consumer spending. For brands, these moments offer an opportunity to become part of the celebration rather than simply advertise around it.
Despite the momentum, the report notes that some companies still hesitate to adopt experiential marketing at scale. Budget constraints, limited expertise and uncertainty around measuring return on investment remain common concerns.
However, the growing body of data around consumer engagement and brand impact is gradually addressing these challenges. More marketers are expected to allocate a larger share of their budgets to experiential formats over the coming years.
Taken together, the findings point to a clear trend. As consumers seek meaning, memories and moments worth sharing, live experiences are emerging as one of the most powerful ways for brands to stay relevant in a crowded media landscape.
