MUMBAI: Breaking trend of alliances with foreign agencies, Concept Communication has taken controlling stake in another Indian agency Zzebra PR.
“This is perhaps the first ever alliance between two Indian agencies,” said Mr. Vivek Suchanti, Managing Director of Concept Group. He confirmed that the value of the deal was to the tune of Rs 5.4 crore at the minimum level, with a step-up option based on the performance of Zzebra.
“The public relations industry in India is growing at a rapid pace, and we believe that consolidation of resources and skill sets between like-minded organizations will help us emerge as a leader in the space. With this strategic partnership, we will be enhancing the range of services provided by the Concept Group of Companies,” Mr Suchanti said.
Mr C P Thomas, founder-partner of ZZEBRA said: “We are thrilled to be a part of the Concept Group, one of India’s largest communication companies. This strategic partnership will enhance our bouquet of services, geographical spread and network of contacts in the corporate and media world. This would enable us to provide much better value and service to our existing as well as potential clients. We are sure that this dynamic combination will enable ZZEBRA to reach greater heights.”
Concept Communication is the largest independent communication company in India that has no foreign alliance. With team strength of 500 professionals and gross revenues in excess of Rs. 600 million, Concept Communication works with some of the leading brands and corporates in the country.
ZZEBRA is a communication company in the business of public relations, book publishing and distribution, founded by senior media professional CP Thomas and communication professional Pooja Chaudhri in 2003. Headquartered in Mumbai, the 50-people strong agency has offices in Bangalore and New Delh.
This strategic partnership with Concept Communication would result in a stronger team and a wider footprint for ZZEBRA PR which will now cover 12 cities and 36 other major centres across India and also the UK, Middle East and Singapore.