DY Works creates India’s first mortgage guarantee brand IMGC
IMCG is a consortium between financial institutions National Housing Bank, Genworth, Asian Development Bank and International Finance Corporation
Brand strategy and brand design firm DY Works has created a brand for India’s first mortgage guarantee company – IMGC. IMCG is a consortium between financial institutions National Housing Bank, Genworth, Asian Development Bank and International Finance Corporation.
Speaking about the project, Alpana Parida, President, DY Works remarked, “While we regularly work on assignments of creating new brands, IMGC was particularly challenging as it was about creating a new category all together.”
Observing the importance of the engagement, IMGC CEO Amitava Mehra, CEO, IMGC said, “IMGC was looking beyond design for a brand development specialist. The strategic branding approach presented by DY Works showcased their ability to understand and decode the needs of the financial services industry and our specific end customer. We mandated DY Works to lead a branding initiative that would not only help us create a strong initial foundation with partners, but also to differentiate us as a consumer brand in the future as customer engagement increases.”
DY Works employed proprietary brand creation tools and identified for the category the need to address the inherent stress of capital deployment and the loan burden. The core brand essence embodied by the concept ‘A Certain Future’, was a positive customer facing thought.
“The brand essence of a ‘Certain Future’ capitalises on the category characteristics while building the IMGC promise of a definitive risk free tomorrow,” said Alpana Parida. “The visual manifestation of the brand captures the thought through the symbol of a ‘Sun’, the most universal element of certainty and hope. The identity also layers in references of accelerated growth (rays racing towards outside), and the category signifier- the visual mark of a Home,” she added.
The identity was taken forward into the design of a visual language as well. The brand was holistically defined across touch-points through brand personality, value systems and culture.
Talking about IMGC’s future plans, IMGC VP, Product & Sales, Sovan Mandal said, “With market maturity and competition coming in, IMGC will have to gear up to higher levels of market engagement and forge stronger bonds with lender partners while building a consumer presence. In a growing market, the competition will not be so much for market share as much as mind share. This is the area where IMGC will focus on in terms of brand development.”
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