MUMBAI: The Publicis Groupe has acquired six companies since mid-2012 and today, it was time to take one more leap. In a new development, the French multinational advertising and PR major announced the acquisition of Beehive Communications, one of the country’s foremost independent integrated communications agencies, which serves clients across South Asia.
With this deal, Beehive will be rebranded Publicis Beehive, to operate as a unit within Publicis Worldwide’s global network. The agency’s current team will continue to lead it under the direction of founder and CEO Sanjit Shastri, and will report in to CEO South Asia Publicis Worldwide Nakul Chopra.
Without disclosing the value, Shastri said both companies were happy and added that the deal gave Beehive a wider platform, better growth prospects and overall appeal as the agency was entering a totally new league. He pointed out that the work strategy would be pretty much similar to what has been the norm so far.
“I think we will continue with our same old approach, focusing on building steps and verticals and providing integrated solutions through digital media and other creative platforms. Employees will be benefitted too as they will get much more exposure and will get to work at a higher level. We have clients from four different buckets including retail, education, travel and tourism and we have recently started handling a few clients from real estate as well. We are also in the process of signing deals with a few more real estate people,” he said.
For Publicis, the Beehive acquisition marks a significant step in becoming the leading communications network in India.
“Beehive brings both scale and strategic value to the Publicis offering in India. The verticals that they have are complimentary. Like, Publicis currently has very good exposure in sectors such as food, beauty, fashion, personal sector etc. While Beehive comes with exposure in other sectors, they are not exposed to the areas that we handle. So, the association is going to be a learning experience for both the companies,” said Chopra and added that their employees would be benefitted as well. “Employees of the smaller company gain by being a part of the larger organisation. They gain because they are exposed to better platforms and newer opportunities,” he added.
B Sanjit Shashtri (L) and Nakul Chopra (R) are expecting their association to reap profits
Founded in 2003, Beehive Communications today employs more than 130 staff, and provides integrated solutions in creative, reputation management, media, digital, brand activation and research. Beehive’s clients (over 50) include the likes of Malaysia Tourism, General Motors, Korea Tourism, Jubiliant Retail, India Bulls Finance and Bisleri among others. Headquartered in Mumbai, it has a presence in Delhi and Bangalore as well. Known for its ability to build expertise in important vertical markets with speed and efficiency, the agency has built a reputation for growing and winning over their clients.
