Ernst & Young India M&E Leader Farokh Balsara to lead EMEIA M&E Practice
Mumbai, 24 December, 2011 – Ernst & Young has announced the appointment of Farokh Balsara as the Media & Entertainment industry leader for Europe, Middle East, India & Africa (EMEIA) region. Based in Mumbai, Farokh has been Ernst & Young’s M&E Practice Leader in India for over a decade and will now drive the sector program throughout Europe, Middle East India & Africa. This is an unprecedented move and Farokh is the first Partner from India to lead a sector at an EMEIA-wide level.
Julie Teigland, Accounts, Industries & Business Development Leader - EMEIA, Ernst & Young said “I am extremely pleased to announce Farokh’s appointment. Over the last several years, he has built what is undoubtedly India’s leading M&E Practice among all professional services firm, advising both Indian and multinational M&E companies. The appointment is also reflective of the growing importance of the Indian M&E sector on the global landscape and also of the strength of Ernst & Young’s media and entertainment practice in India. As the M&E sector increasingly converges across boundaries, Farokh’s knowledge and experience will be deeply valued by our clients across the EMEIA area. Media & Entertainment is a priority sector for our firm globally and we are seeking to significantly strengthen our M&E market presence across the EMEIA region.”
Commenting on his new role Mr. Balsara said “I am looking forward to taking on my new responsibilities as Ernst & Young’s EMEIA Leader for M&E Practice. Ernst & Young is the market leader in working with the Media & Entertainment industry and we would continue to strengthen our market leadership position. We have a strong M&E industry practice in France, Germany, UK, Italy, Spain, India and the Nordics and with the challenging business environment, our endeavor would be for our clients to benefit from cross coordination of ideas and best practices between developed and emerging markets. In my new role, I am looking forward to working with a strong EMEIA-wide team of professionals to significantly ramp up our Transactions and Advisory practice for M&E and growing the business through the provision of fresh, innovative services to our clients.”
In his career of 25 years in professional services, Mr. Balsara has, for the most part, extensively advised several large Indian M&E companies in risk management and in improving the efficiency and effectiveness of key processes. He is also experienced in performing a variety of market reviews and feasibility studies, and developing entry strategies for multinational M&E companies desiring to establish a business presence in India. In the past, he has also specialized in providing a range of Transaction Support Services (due diligence reviews, Valuation, M&A support, etc.) to multinationals, strategic investors and private equity funds across sector categories including television, films, new media, radio & music, advertising & marketing, print etc.
Mr. Balsara is widely recognized as a thought leader in the M&E industry and has been associated with various industry bodies. He was one of the founding members of FICCI-Frames and authored the FICCI-Frames report since its inception in 1999 for 5 years and has also been the National President of the Indo-American Chamber of Commerce (IACC). Under his leadership, IACC has endeavoured to promote greater exchanges between Hollywood and Bollywood.
In the year 2008, Ernst & Young became the first professional services firm to bring together 12 sub-areas – Africa; Belgium & The Netherlands; Commonwealth & Independent States; Central and South-East Europe; Algeria, France and Luxembourg; Financial Services Office; Germany, Switzerland and Austria; India; Mediterranean; Middle East and North Africa; Nordics; UK & Ireland to create the EMEIA area with a view to offering clients a seamless cross country experience and leverage the firm’s global knowledge capabilities. Key M&E clients in EMEIA include Bertelsmann, Pearson, Lagardere, Publicis, Technicolor, Reed Elsevier, Vivendi and Axel Springer amongst others.
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