R K Swamy Limited recently opened its Initial Public Offering (IPO) and created history by becoming the first homegrown integrated marketing services group to get listed on the Bombay Stock Exchange (BSE) in India.
Just over two weeks since its listing, the company is actively implementing its strategic plans. These include launching a digital video content production studio, expanding its market research and data teams, and funding vital capital expenditures.
R K Swamy was set up in Chennai (erstwhile Madras) in 1973. The 50-year-old outfit was the brainchild of the legendary R K Swamy, father to Srinivasan Swamy and Narasimhan Krishnaswamy (Shekar Swamy), group CEO And whole time director, R K Swamy Ltd. The full-service global agency BBDO made a strategic investment in the company in 1990, but exited in 2022. R K Swamy presently offers creative, media, data analytics and market research services.
On Tuesday (March 26), the firm announced a 17.8% increase in its consolidated net profit, reaching Rs 5.61 crore for the quarter ending December 2023, up from Rs 4.76 crore in the same quarter the previous year. Despite this profit growth, its revenue from operations fell by 5.5% to Rs 72.13 crore in the December quarter, compared to Rs 76.33 crore in the same quarter of the previous fiscal year.
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