In an exciting turn of events, M&C Saatchi acquired Mumbai-based agency, Scarecrow Communications led by Manish Bhat.
According to an announcement by Scarecrow Communications, the 8-year-old agency will retain its own identity and will operate with full creative freedom. However, there will be an integration with the global financial processes and compliance practices of M&C Saatchi.
Scarecrow was founded in 2010 by Raghu Bhat, Manish Bhat and Arunava Sengupta, who had previous worked with some of the most illustrious names in the advertising industry including, Ogilvy, Dentsu and McCann.
Speaking on the acquisition, Founder, Lord Maurice Saatchi said, “When I look at Scarecrow’s story over the last 8 years and what has been achieved, of course, it reminds me of the story of M&C Saatchi itself. It’s a story of hard work, determination and dedication. What they have achieved is truly remarkable”.
He continued, “They are the embodiment of the founding Saatchi philosophy that nothing is impossible. And an individual acting alone or almost single-handed can make, what seems highly improbable, in fact happen. This is why, to welcome Scarecrow to the federation of like-minded, like-thinking entrepreneurs, that is the M&C Saatchi network, is a most important occasion for the company and for me. I’m sure Scarecrow M&C Saatchi will develop into the jewel in our crown and this is a historic start for a great new partnership.”
Worldwide CEO, Moray MacLennan said – “Our strategy is simple, find top talent in key markets and give it the freedom, responsibility and backing to flourish.Brutal Simplicity of Thought and an entrepreneurial spirit have been the key to M&C Saatchi outperforming the market. They are what clients both want and need. It was relatively easy to identify India as a key market, it was more challenging to find the right talent. In Scarecrow, we have found this and wish them all the best.”
CEO of M&C Saatchi, Asia, Richard Morewood said, “We’re delighted to welcome Scarecrow as partners into the M&C Saatchi Asia group. Manish, Raghu, Arunava and the whole team will add fantastic strategic and creative strength in India and across the whole region.”
The three founders- Raghu Bhat, Manish Bhatt &Arunava Sengupta of Scarecrow said, “We are very happy with this partnership. It is no secret that in the past few years, we have had many suitors, but after meeting Moray MacLennan, David Kershaw and Jeremy Sinclair in London, we were clear that M&C Saatchi is the perfect partner for Scarecrow. Why? Because they have entrepreneurship in their blood. The culture of M&C Saatchi, which sprung from the personalities of the brothers themselves – irreverence, low tolerance for jargon, challenging the established order and the history of many larger-than-life campaigns – are qualities we identify with.
Also, they have fantastic capabilities in sport, entertainment and mobile – which are personal interest areas. And yes, they are great people. We are confident that Scarecrow and its employees will gain from this move, in terms of training, opportunities and exposure to new areas”, they added
Scarecrow was part of the new wave of independent agencies in India that bloomed about 10 years ago and was able to achieve profitability and scale, in a relatively short period on the strength of its campaigns for Quikr, &pictures, Religare, Baby&Me (Nestle), FunFoods (Dr.Oetker), Kohinoor (McCormick), Haier, DBS, Edelweiss, Danone B’lue, Wagh Bakri, Rasna, Living Foodz, Vivel and Fiama Di Wills (ITC), Only Vimal, DNA, Rupa, Spykar, Hungama, amonst others.
M&C Saatchi was founded in 1995 and has since grown to be the world’s largest independent advertising network. Powered by its philosophy – ‘Brutal Simplicity of Thought’, it comprises of 27 agencies in the Americas, Europe, Africa, Middle East and Australasia and 8 specialist companies which include cutting-edge firms like M&C Saatchi Sport & Entertainment, M&C Saatchi Mobile and the fast-growing customer engagement agency, LIDA.