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| At
a meeting in office | Life
is not measured by the number of breaths you take, but by the moments that take
your breath away. It
is a brave and determined person who decides to move out of his or her comfort
zone into a job having a profile alien to him or her. And in the competitive world
of media and advertising it requires steely courage. But there are many who do
so and the net benefit for them: a more rounded view of the industry.
Take, for example, Punitha Arumugam, the CEO of the Sam Balsara- founded Madison
Group, arguably one of the three most powerful media agencies in the country.
Punitha - as everyone calls her - has switched from being a media planner to managing
the business of media and advertising, and so far, she has enjoyed the journey,
smooth or bumpy, to the hilt. In
1990, she joined O&M (Chennai) as a trainee, moved to Lintas' Initiative Media
soon after as media manager and moved out as media director. Then she joined Madison
as Media Services director (West) in 2000, and in a six year span, has risen from
COO (West) to CEO (West) and is currently Group CEO for all India. Early
Years in Media
Born, raised and educated in Chennai, Punitha's father was in business and her
mother is a housewife. She completed her graduation in BSC (Physics) and went
on to study management from Madras University. Punitha started work in media right
from the start and adapted to it like a fish to water. While doing her MBA, she
was assigned a summer project with Chennai- based ad agency RK Swamy and it was
there that her tryst with advertising began. She hopped on to O&M on completing
her education and stayed on there for a full five years soaking up all she could
in her media planning job, even though her heart was in servicing. "I
realized that I liked advertising - primarily its servicing aspect. But, back
then, the opportunities were rare for servicing and I joined the agency hoping
to get a backdoor entry into servicing," says Punitha.
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| With
the Madison Media team that was the runner up in the annual Madison Cup Soccer
2006 tournament last weekend | The
protective environment at O&M gave her ample scope to learn the fundamentals
of media. Says she, "O&M groomed me". She
recalls working on some small accounts. The head of O&M Chennai R. Lakshminarayan
taught her one important lesson. "I learnt from him how simplicity works
and arrogance does not, however brilliant you may be at your job." But,
after four-five years, the sense of security at O&M was a little stifling.
"One just felt protected from harsh realities." A
call from the head of Lintas Chennai, came through, dangling an opportunity to
get rid of the ennui that was creeping in. She grabbed it with both hands. In
those days Lintas was the agency of choice for many; the experience of working
in a larger role with a larger agency was something very few could say no to.
With the proliferation of media outlets and increasing spread of satellite television,
the media planner/buyer was coming even more centrestage in advertising as compared
to earlier. And Lintas' was at the cutting edge of media. Agencies had started
setting up specialist media units to service growing client budgets effectively.
The disintermediation of media was just about beginning. "I
was raring to test new waters, so moved to Lintas as media manager," she
recollects. The
water proved testing indeed as the culture in Lintas was very different from the
one she had been used to. There was a lot of new learning, and some unlearning
too. "I was thrown into the waters and had to learn to swim. I learnt how
to service a client at Lintas," she says. By
nature, Punitha is unafraid to push the boundaries. She has all the qualities
needed to be a successful media planner: strategic understanding, ability to grasp
industry knowledge and expertise across all media. Additionally, over the years
she has developed a comprehensive understanding of marketing communications which
can be effectively translated into developing media goals, objectives and strategies.
Punitha
moved to Bangalore from Chennai solely because the latter had limited clients,
whereas Bangalore offered much more in terms of learning experience and growth.
She started in Lintas' Initiative Media handling the Britannia account; five years
later when she moved out she was heading the Bangalore office. It
was the first time that she was handling sizable accounts. And she climbed steeply
up the learning curve. She explains: "Britannia was a favourite client. I
learnt a lot from Sunil Alagh, Vikram Kaushik, Atul Sinha and many others there."
She
recalls an incident. "The team had prepared a huge presentation to convince
Alagh not to associate with a program titled "Britannia All The Best"
as it was not working. But, even before he saw the presentation, he asked us,
'Give me an option if we aren't using this.' And, I had no answer. We had been
so busy trying to convince him to disassociate, that, we realised that there is
no point in highlighting a problem without having a solution in hand."
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| Punitha
during a holiday on the Star Cruise | She
adds: "I came into my own handling the Britannia account. I got great work
done in terms of strategy and media innovations. And, after that it was sheer
word of mouth from people who worked with me, my clients and the media sellers
who made me known in the industry." She
decided to quit when Lynn DeSouza moved out of Initiative Media. She explains:
"I look upon her as my godmother. I idolize and worship her and I felt unsettled
when she left."
Plus, Punitha felt she had nothing more to offer or do in Bangalore, so the move
to Mumbai was inevitable. "In
Mumbai, I joined Carat for a month and then had a call from Sam Balsara and moved
to Madison." Her enthusiasm for the medium made her the "perfect"
choice when Balsara needed someone as Media Services director (West) and Arumugam
joined Madison in 2000. She
elaborates: "Generally, the skills needed are quite different. Media agencies
demand individuals who are strategic thinkers, diplomatic and prepared to work
long hours. And those employed by media owners tend to enjoy a sales-based environment,
like to see quick results for their efforts, and will usually earn more money." Madison
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|
The WOMEN POWER behind Sam Balsara. With
two of her favourite Madison colleagues in Egypt Veena Gidwani (Madison
PR) and Prabha Prabhu (Madison Creative). | Punitha
talks at breakneck pace, barely pausing for breath, whether she's discussing the
controversial subject of commissions or winning at Cannes. "My
growth in Madison has been phenomenal and the learning has not stopped,"
she points out. At Madison, all the pitches that she led and won have made people
take notice of her. "When I joined, the Mumbai office was just handling Godrej
and Proctor & Gamble. Today, we have most of the blue chip accounts like Asian
Paints, Cadbury's, Essel Group, TVS, Tata Tea, General Motors, Mother Diary, Mcdonalds,
Marico, Airtel, Tata AIG, Radio Mirchi, Kotak among many others." Punitha
has helped Madison Media grow more than treble in growth from a mere Rs 3 billion
in billings to Rs 10 billion in the space of just five years. "When
I first joined, we were concentrating on consolidating our current businesses
like Procter & Gamble, Coke and Godrej, then over a period of time realized
that we need to grow. So, we focused on new businesses and started participating
in pitches. We had to grow for our own learning experience and as a confidence
building measure for our existing clients." This
passion for looking after advertisers' interests has an air of poacher turned
gamekeeper about it, given her time on the agency side of life. There's no doubt
however, that it has given her a keen understanding of the industry, and she still
tries to bring that "service" aspect to Madison. She
agrees that the best thing about agencies is that one is surrounded by very bright
people and one gets to see the thinking that goes on behind different clients.
On her achievements in Madison, she says, "Retaining our existing clients
and keeping them happy is my first achievement. When we grow, we tend to lose
perspective of all who help us in our initial stages, and it's all because of
the client one expects to gain in the future. For me, it is important to hold
on to our current businesses as we grow."
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| With
the senior management & Madison Media team at the annual conference |
Considering
her current job as her ideal job, she says, "Work is the only thing that
matters to Sam. Managing this organization is great as it's a place of great integrity.
There is no conning, inside and outside the system, neither with clients. When
one works in such an healthy environment where there is no politics and no pressures
to make money at the cost of someone else, and, all we need to know is how to
do a good job, there is very little scope of going wrong." Says
she, "The toughest part about becoming senior is having to let go of the
fun that one gets when you handle the nitty-gritties of media planning and buying
on a client... I would rather be a media planner than a CEO at heart... but, guess
one needs to move up to let others who work with you grow. Even today, the toughest
thing for me is to let someone work on a presentation or plan or analysis instead
of pulling it and doing it myself." Punitha
has been ranked
amongst the top ten influential persons in media for the last two years in The
Brand Equity Agency reckoner. Her motto for success is straightforward. She
says: "Apart from working hard, we don't play games. As a corporate philosophy,
we don't pitch with rates. We work within a set framework and at times, and we
often refuse clients whose philosophy and expectations are so different from ours.
She gives importance to honesty and fairness and strongly believes in "letting
others around you succeed and grow so that you automatically grow." And to
keep herself on her toes, she surrounds herself with people who challenge her.
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| At
a dinner hosted by Sam to celebrate Madison's 18th anniversary in Dubai |
"I
am very clear that if I am in the agency business in India, then there is no place
to be in other than Madison," says Punitha emphatically. Among
her best moments so far, she says, "Not losing a business that I have directly
worked on and winning the Media Lions at the Advertising Festival in Cannes this
year. But, I think, managing people, clients, media owners and egos everyday and
being able to deliver to keep them happy is a constant high by itself." She
admits that days of being a complete workaholic and leaving office at 2-3 am are
a rarity as she makes it a point to leave office at 7 pm to make time for family
and friends. Says she: "Lynn used to always say that as great it is to have
a career, its that important to have other interests, too." On
decisions at a career level, she says, "Sam did offer me the opportunity
to head Madison (all India) a few years back when CVL Srinivas had left. But,
I took the decision of not going for it, as I felt I was not ready for it and
thought it was not in the larger interest of the organisation. So, we gave others
in our system the opportunity to grow up to that level. As tough a decision it
was for my personal career, but, I think looking back it was the right decision,
as today, I am a better professional and Madison a stronger organisation because
of it. Sam and I have always been able to discuss anything." And,
speaking of lessons learnt dealing with clients, Punitha says, "At times
when a client was being unreasonable I took a stance so that it become confrontational.
Over the years, I have realised that one must never reduce any situation to a
confrontation but always make it a dialogue." Any career decision
is a combination of personal, business and timing issues. She believes there are
benefits in working both sides of the fence. Punitha sums up her experiences in
all three agencies as having "learnt media basics" in O&M, "learnt
to manage media and clients" at Lintas and "learnt to manage a business"
at Madison.
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| With
Sam Balsara | Punitha
considers herself lucky to have worked with the best media minds in India like
Roda Mehta, Lynn Dsouza, Ambika Srivastava, and now Sam Balsara. She holds them
in high respect and speaks of what she has learnt from them. Roda
Mehta: "Everybody looked up to her. I never really worked with
her except when I was sent to Mumbai for a training session and I was exposed
to her style of working. " Lynn
DeSouza: "The credit of my becoming the media professional I have
solely goes to her. She gave me tremendous freedom. She was always there when
if a problem arose. " Ambika Srivastava: "I admire
Ambika's analytical skills." Sam
Balsara: "He has taught me to be a great manager. One can't ask for
a better boss. There are no secrets between us. He would never take a step concerning
me without taking me into confidence and likewise, I trust him with everything.
Madison matters to both of us and we both work to see it grow." She
lists a few current issues that are on top of her agenda:
- Paucity
of people: To overcome this, we go to institutes and recruit freshers
as trainees.
- Data
vs Instinct: Too much dependence on data that we are losing our instincts.
- Break
boundaries: There
is a sense of doing the same thing better and better over the years instead of
attempting to do them differently. We need to create a competitive difference
that works in the market as media plans across agencies have all started looking
similar.
- Breaking
the 3.5 per cent barrier in terms of commission: The traditional split
of the 15 per cent commission between the creative agency and the media agency
is 11.5 per cent and 3.5 per cent. However, over the decades, media has become
a lot more expensive in terms of people, databases, systems, infrastructural requirements
etc and this industry benchmark of 3.5 per cent commission makes operating the
media business profitably a little difficult. A creative agency needs minds whereas
a media agency needs minds and infrastructure.
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| At
a holiday in Mauritius | Punitha
says it is a pleasure to be a woman in this industry as "it sometimes makes
it difficult for the others to say a 'NO'. Adding that, today, the males have
it tougher in media as they fight the increasing female dominance in the industry." In
these times of increased viewer choices and audience fragmentation, she says that
it is the best time to be in media as it has never been more challenging or confusing.
She says, "The chaos will increase, disruptive thinking is the way of the
future. More than numbers it will be consumer media insights that will drive the
media decisions in future."
| My
Strengths | | Hardworking,
never give up attitude, honesty and fairness |
| My
weakness | | Temper,
impatience with others' incompetence and eye for detail; short attention span
especially in arguments that go nowhere | |
What
makes me tick | | Being
challenged intellectually; failure; criticism; young minds |
Punitha
likes to be extremely low profile and hates to be quoted in any Madison press
releases. She is known to give the right angle to any story and guiding journalists
when asked for stories or quotes, rather than seeing her name in print. She explains:
"I would rather Sam and the others in the team take the limelight rather
than me. As long as I know that I have contributed to the success am happy, I
don't feel the need to prove myself to others outside the system." She
also credits Sam Balsara with getting her to socialize and attend corporate dos.
"Before coming to Madison, I would always duck all the media sellers' bashes.
Sam has been instrumental in making me change as he believes that when a person
takes the effort to invite you, it is courtesy to accept and attend the do."
She agrees that it has helped make her a more extroverted person and,
more importantly, has helped her in building strong relationships. Though
good at managing the agency's finances, she admits to have very little sense managing
what she earns. She whispers: "Sam is aghast and has threatened to keep away
a part of my earnings. All I had were a few LIC policies. Even today, I am broke
at the end of the month. As I was when I was a fresher... just don't know where
the money goes." She
used to hate traveling ("I need my bed at the end of a long day and there
is no concept of home when one is on the move") but, she has learnt to enjoy
the frequent and long journeys as "they give her time to reflect, relax and
meet new people." She
is a Hindi movie buff and makes it a point to regularly go to a multiplex - and
forget about the intricacies of media and running a business - and get involved
with what's happening on the big screen - a catharsis of sorts. Says she: "Every
Saturday night is spent watching a Hindi film with a friend, however trashy it
may be." Punitha is a hopeless romantic. Though she avoids reading
business magazines, she is an avid reader of fiction and non-fiction books, especially
of the romantic genre. That explains her desire to one day set up a bookshop with
a café where couples can sit, listen to music and read romantic bestsellers. When
asked why she has not tested any other medium, she says, "The reason I stick
to media despite all the pressures and daily crisis, is because it makes my adrenaline
pump all the time. I would not know how to handle a non-pressure job. I probably
will wilt away due to boredom I think." With
16 years in this field, she has both the experience and the confidence to have
her own fully developed take on a wide range of issues. Balsara's instincts about
her taking on a managerial role proved right as she has shown that she has the
skills to work on both sides. Getting to where she is by doing the right thing,
the right way is what matters most professionally to her. "I would prefer
to compromise on success and fail knowing that I have tried hard...knowing that
I have not had to resort to any hanky-panky to reach where we are," she points
out.
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Punitha is currently
working on overcoming all her fears. "I have a fear of water so am
learning swimming. I also have a fear of pets so am currently getting a Yorkshire
Terrier and am planning to learn flying and driving on Mumbai roads.
Another stress buster for her is shopping. "I can shop forever for
trinkets, clothes and yes diamonds." She is not one to hold grudges,
She forgets and forgives easily. "I am the first to say a sorry when
I am in the wrong, irrespective of how young or old, the other person is."
On her single status: I moved very fast in my career and marriage
just did not happen. Today, I love my space too much. Pet peeve:
Getting no time to relax and can never hold onto my maid and driver for long.
Dream gizmo: The treadmill. Favourite holiday spot:
Currently Egypt and home in Chennai. Worst nightmare: Boredom
with nothing to do. How you view India today: The best place to
live in and work. One drawback: We are so much better than what
we project ourselves to be. What makes you laugh: Anything and
everything when I am in a great mood, Sometimes nothing can. Two guests
you would love to dine with? On my recent visit to Egypt, I met this amazing
Egyptologist called Shref. Meeting him made a difference to my life as he made
me reset priorities in my life. He has inspired me to live life to the fullest.
My niece because in her company, she makes me feel young and behave like a twelve
year old too. | | She
shares close ties with her entrepreneur sister and her 12 year old niece Priyanka
(in pic above), who she says, 'is the most pampered brat in the whole world.'
"Chatting
with my mother, sister and niece, music and reading trash romances, meeting with
my friends, gyming and swimming are what I enjoy doing." |
(Please
note that the order of appearance of women featured in this section is not a ranking
or a countdown) |