Top Story

e4m_logo.png

Home >> Advertising >> Article

Alleged corruption charges surround Samsung's account move

22-January-2014
Font Size   16
Alleged corruption charges surround Samsung's account move

When Samsung India called for a media pitch in November last year, it was by far the most debated and speculated pitch of the industry in recent times. Not just because of its sheer size – Rs 450 crore – but also because of the extremely close contest between Madison Media and IPG MediaBrands. The much coveted media partnership was eventually awarded to IPG Mediabrands.

Another distinctive facet of this account move and subsequent pitch call was prompted due to alleged corruption allegations.

Sources also alleged that the swindle took place on the back of cancellation of huge print orders and had been going on for a while, and further alleged that the client got private investigation done to get to the bottom of the matter; it was done in a manner in which many Samsung officials in India were unaware of the investigation.

Samsung Electronics commenced its operations in India in December 1995 and is today one of the leading providers of consumer electronics, IT and telecom products in the Indian market. Samsung India is the regional headquarter for Samsung’s South West Asia operations.

The brand has been seen as quite aggressive with its new launches and marketing activities last year, specifically in the mobile phone segment with the launch of Samsung Galaxy Note 3, along with Galaxy Gear. The fast growing smartphone market is currently estimated to be 30 per cent of the overall mobile handset market, and Samsung is seen leading the fray, along with Karbonn and Micromax. 

Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

The beauty of the internet business is that as your cost curve flattens, your revenue curve keeps growing up and that's why the valuations are so high, said Ashish Hemrajani, Founder-CEO, BookMyShow

While domestic and international brands are competing for a bigger pie of the growing digital content market, Reliance Jio with its Jio Studios has added a new dimension to this competition.

At the Ad Club Knowledge series event in association with Hindustan Times presented an interactive session with Chandramouli Venkatesan, CEO (special projects) - ‎Pidilite Industries Limited, on his b...