Percept integrates media companies to form Percept Media as Shripad Kulkarni quits after 9 years

07 Jul,2015

By A Correspondent

 

Media and entertainment major Percept has restructured and integrated its media and outdoor businesses into a single entity ‘Percept Media’. This follows the exit of veteran media professional Shripad Kulkarni as CEO of Percept Allied Media.

 

Currently the Percept Group encompasses Allied Media – the media planning, evaluation and buying unit along with the Digital Media services arm; and Percept Out of Home – the communications specialist providing innovative solutions in the outdoor and rural media arena. The revised structure will see the two media service companies integrate into a single vertical under the nomenclature ‘Percept Media’, to become a single platform offering innovative and collaborative 360-degree media solutions to stakeholders.

 

Ajay Upadhyay

The leadership team of the newly created Percept Media vertical will comprise Ajay Upadhyay, COO, Percept Limited, who will serve as Chief Mentor to guide the integration process of the Media vertical; and Sanjay Shukla, COO, Percept One who will be responsible for directly supervising the entire integration and restructuring process as a part of the Percept One portfolio.Following the exit of Kulkarni, the erstwhile CEO of Allied Media earlier this month, P M Balakrishna has been elevated to CEO, Allied Media and will also hold the position of Executive Vice President, Percept Media. Rajneesh Bahl has been promoted to the post of Executive Vice President, Percept Media, and will also continue to serve in the capacity of CEO, Percept Out of Home overseeing the entire OOH operations for the company. Milind Dewulkar will take charge as CFO of the newly created Percept Media vertical.

 

Sanjay Shukla

The restructuring in the nedia business is in keeping with the evolving and dynamic changes in the M&E Industry and will enable Percept to offer greater efficiencies in the way it operates and functions. The new structure would also offer Percept’s clients greater synergy in the range of solutions and service offerings in the media domain thereby translating into greater value add and a heightened level of customer service and value for all stakeholders.

Kulkarni, who has spent the last nine of his 30-year work experience with Percept, will reportedly announce his next move later in the week.

 

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