Pressman Advertising becomes the first advertising agency to get listed

Pressman Advertising Ltd., one of India’s leading independent advertising agencies, is now listed on the National Stock Exchange and Bombay Stock Exchange (NSE: PRESSMN, BSE: 509077). Pressman Advertising, thus has the distinction of being India’s first and only listed advertising agency.

Pressman Advertising was founded by late H.C. Suchanti and is best known in the industry for its pioneering role in corporate and financial communication.  It is an ISO 9001:2008 certified agency offering a comprehensive range of services in advertising, public relations, graphic design and digital communications.  Headquartered in Kolkata, Pressman Advertising also has office in Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Bhubaneswar, Nagpur, Siliguri, Guwahati and Patna.  In addition, the agency has representatives in 25 cities across India.

Pressman Advertising is part of ECCO International Communications Network, one of the world’s leading independent PR networks with a presence in about 50 countries in North America, Europe and Asia.

The listing will give the agency a stronger brand equity and corporate houses, banks and mutual funds as well as public sector and government companies that form the nucleus of Pressman’s client base will have a greater sense of confidence in the agency.  It will give Pressman an entirely new identity as the only listed advertising agency in the country.  It will also open up new opportunities for strategic alliances as well as acquisitions, as Pressman gears up to enter the next level of growth.

Pressman Advertising is a debt-free agency with strong fundamentals.  As on 31^st March, 2013, its Reserves and Surplus stood at Rs.137.46 million on an Equity Share Capital of Rs.46.97 million.  For the year ended 31^st March 2013, Pressman posted a Net Profit of Rs.62.88 million and paid a dividend of 40%.  In the first quarter ended 30^th June 2013, the Company reported a Net Profit of Rs.20.20 million. 

The promoter group holds around 75 per cent of the agency’s equity while the remaining 25 per cent is spread over nearly 26,000 shareholders.  Over 50% of Pressman staff hold shares in the Company.