Sandeep Goyal, the chairman of Mogae Media, who was president at Rediffusion (Rediffusion Y&R) between 1997 and 2001, has acquired the company which was launched in 1973 by Diwan Arun Nanda, Ajit Balakrishnan and Mohammed Khan.
After the acquisition, which was accomplished final week, Goyal takes over as managing director on the company. Nanda shall proceed to mentor the company and can keep on as chairman. Balakrishnan will probably be focussing his consideration on Rediff.com.
After leaving Rediffusion in 2001, Goyal was CEO at Zee Group, put up which he entered a JV with Dentsu as group chairman in India. In 2011, he offered his stake in Dentsu, and launched Mogae Media a 12 months later.
The deal to amass Rediffusion additionally consists of Everest Model Options.
(To be up to date.)