MAM
Vikram Sakhuja honored with AAAI Lifetime Achievement Award
MUMBAI: The Advertising Agencies Association of India (AAAI) presented its prestigious Lifetime Achievement Award to Madison Media & OOH group CEO Vikram Sakhuja, on 10 January at a glittering ceremony attended by leading figures from the advertising and marketing industry – Piyush Pandey, Prasoon Joshi, N. P. Singh, Arvind Sharma, Madhukar Kamath, Ramesh Narayan, Sam Balsara, Shashi Sinha, Anupriya Acharya, Prasanth Kumar, and another 200 of them.
With nearly four decades of expertise, Sakhuja has been associated with global giants like Procter & Gamble, The Coca-Cola Co, Star TV, Mindshare, Maxus, and GroupM. An alumnus of IIT Delhi and IIM Calcutta, his career highlights include setting up India’s first media AOR, launching the country’s first afternoon soap opera, and leading brand introductions during P&G’s and Coca-Cola’s early days in India. He has also been instrumental in pioneering research initiatives such as BASES and retail audits and transforming GroupM into India’s largest and most awarded marketing investment powerhouse.
Accepting the award, Sakhuja reflected on his 38-year journey, including 23 years in the agency world. He noted how his 15 years in marketing gave him a solid foundation. And how his early years in DCM between IIT and IIM shaped his professional outlook, stating, “After five years of college, I got a taste of professionalism, and it tasted pretty good. I said to myself: If this is what corporate life prepares us for, I’m all game for it.”
He added: “I am truly humbled to have been given the Lifetime Achievement Award by AAAI. When I look at the list of 31 recipients before me, it’s genuinely humbling because they were all legends. I am a mere mortal. That said, it is brilliant to receive this validation from my peers. I thank the entire industry for this lovely honour that I’ve been bestowed with.”
In response to the honour, Madison World chairman Sam Balsara remarked: “This lifetime achievement award is a testament to Vikram’s tireless work ethic, his passion for excellence and his commitment to making a positive impact on the media industry as a whole.”
Sakhuja remains an active contributor to the industry through roles in organizations like the Advertising Standards Council of India (Asci), Audit Bureau of Circulations (ABC), Readership Studies Council of India (RSCI), Broadcast Audience Research Council (BARC), and Ficci’s marketing committee.
The accolade recognises Sakhuja’s outstanding contributions to shaping India’s media and advertising landscape.
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.
