Bureau, New Delhi
In a recent announcement, Havas Media Group, India has entered into a strategic partnership with IMC Advertising, a Kerala-based advertising agency to strengthen its footprint in the southern market of India.
This strategic and business alliance will enable both agencies to maximise their clientele by bringing together synergies of philosophy and service offerings in the southern region. As part of the deal, Havas Media Group will be handling the integrated media mandate of Malabar Gold & Diamonds (an estimated business of INR 50 crores), and further consolidating its presence in the south which currently comprises of brands like Quikr, BlueStone, Swiggy, Strides Shasun, HolidayIQ, Moneyview, Darshan International and Embassy Group among others.
M. P. Ahammed, chairman, IMC Advertising and Malabar Group, says in a press release, "We are delighted to partner with Havas Media Group. IMC Advertising's strong regional presence in collaboration with Havas' integrated media strengths and extensive global network will further strengthen our capabilities, equip us to look beyond our current frontiers and make us an even more valued partner in India and beyond. This strategic alliance will also pave the path for the brand transformation we are undergoing at Malabar Gold & Diamond."
Commenting on the partnership, Anita Nayyar, chief executive officer, Havas Media Group, India and South Asia, says in a press release, "Kozhikode is a thriving business hub and there is immense growth potential in the south. Partnering with IMC Advertising is a strong strategic move to enhance & create a broader service offering in this region. We are confident that IMC's expertize & proven success record will help capitalize on local businesses around the region. We look forward to a long and fulfilling partnership with them."
Mohit Joshi, managing director, Havas Media Group, India, says in a press release, "IMC Advertising will give us the access to knowledge & understanding of the local market which will further bolster our operations in the south. This move represents a commitment to offer our clients a more efficient, competitive and meaningful marketing solution. We are also happy to take on the mandate of Malabar Gold & Diamonds, a global leader in its segment. We look forward to exploring many such new business opportunities in partnership with IMC Advertising."