Dentsu Aegis Network has announced the acquisition of SVG Media Private Limited (“SVG Media”), one of the largest independent digital agencies in India. SVG Media will join the network’s Asia Pacific digital marketing agency Columbus and will become SVG Columbus.
Dentsu Aegis Network said it is currently Google’s largest search partner in India, and the addition of SVG Media will further strengthen the Group’s leading search position in the market. This acquisition will also support Columbus’ expansion in Asia Pacific – now in nine markets across the region.
SVG Media includes the flagship brands DGM, Komli and Seventynine. Founded in 2006, SVG Media comprises of over 280 specialists across four major Indian cities Gurgaon, Mumbai, Chennai and Bangalore. It offers diverse digital media competencies including online performance marketing, mobile app distribution, representations, social and web services through its flagship brands.
Anurag Gupta, CEO of SVG Columbus & DGM, will report to Ashish Bhasin, Chairman and CEO of Dentsu Aegis Network South Asia. Gupta, Chirag Shah (CEO of SVG Media Mobile & Seventynine), Deven Dharamdasani (COO of SVG Media Mobile & Seventynine), Akshay Mathur (Business Head of Komli), and Ashwani Mehta (Finance Controller), will join the SVG Columbus Managing Board, which will be chaired by Vivek Bhargava, CEO of Performance, Dentsu Aegis Network India.
Harish Bahl and Manish Vij, Founder and Co-Founder of the Smile Group, will continue to focus on investments through the Smile Group and will no longer act as directors of SVG Media. It has also been agreed that the Smile Group will retain the Tyroo Techlabs business.
Commenting on the same, Bhasin said, “India is a significant market with rapid growth potential in its mobile and performance marketing business, and Dentsu Aegis Network India has a strong track record in the search and performance space to deliver this. Given its capabilities in data led search, performance marketing and mobile, SVG Columbus is ideally positioned to capture the fragmented long tail publisher market in India using technology and data. As a Group we have leading position in digital in India, particularly in search and performance and this gives us a clear leadership position in this area. We will now have over 1,300 digital professionals, accounting for over 35 percent of our revenues, well ahead of our competitors.”
On behalf of SVG Columbus management, Gupta added, “We started out as a digital media group more than a decade ago, and for us to join forces with a clear market leader in digital, that is Dentsu Aegis Network, makes perfect sense. Their priority in placing digital at the forefront of their strategy and goals align perfectly with ours. We will continue to scale our offering in performance marketing and serving clients through the network and other agency networks. We are assured of their strong growth momentum, which will enable us to further enhance our scale as a business operationally and geographically. Their unique one P&L model also allows us to be part of that shared vision towards a digital world which will provide us with access to the latest industry technology and talent to deliver the best solutions for our clients.”
SVG Media claims to have one of the largest client bases in the Indian digital media sector with over 700 monthly active advertiser campaigns locally, as well as international clients in Dubai, Indonesia and China, DAN shared through a statement. – Adage India