Everest to handle Kotak Mahindra Mutual Fund

10 Jan,2012

By A Correspondent

 

Hot on the heels of bagging Augere’s Wireless Broadband business in India, Everest Brand Solutions has now added Kotak’s Mutual Fund business to its kitty. No pitch calls preceded the account win. The company awarded the business to the agency based on the strategy and creative work presented by them.

 

Dhunji Wadia, President, Everest Brand Solutions, remarked, “We welcome Kotak Mutual Funds to the Everest family. We believe in working with our clients and adding value to their business. More and more clients are recognizing what we bring to the table. It’s a huge vote of confidence for our way of working. This is a significant win for us.”

 

Mr Wadia further stated, “Everest is in an exciting phase of transformation. The hard work put in over the last few months is bearing fruit now. We expect a lot of action in the coming months.”

 

Rahul Jauhari, NCD, Everest said, “Our point of view on what Kotak Mutual funds should do, given the turbulent times in the market found favour with the Kotak team. And, of course, the vibes between our teams were great. It’s an exciting category as well. We look forward to a long and fruitful relationship.”

 

Everest witnessed the onset of change with a change of guard at the senior management level and subsequent additions to the core team in 2011. Since then the agency has been in a ‘transformational’ mode, adding businesses like Danone B:lue, Ranbaxy Volini, GoAir, Augere’s Wireless Broadband, amongst others, to the kitty.

 

Kotak Mahindra Asset Management Company Limited (KMAMC), a wholly owned subsidiary of KMBL, is the Asset Manager for Kotak Mahindra Mutual Fund (KMMF). KMAMC has over 10 lakh investors in various schemes.

 

Everest is the second oldest agency in India, started in 1946. Everest has built some of the biggest brands in the market place – Parle Products, CNN-IBN, GoAir, Emami, Tata Housing, Akai, T-Series, among others.

 

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