In this engaging episode of "Best Place to Build Podcast" (Season 2, Episode 1), host Amrut sits down with Ambi M. G. Parameswaran, a marketing veteran and IIT Madras alumnus, at the IIT Madras Alumni Association's annual flagship event, Sangam, at the Taj in Bangalore. The conversation delves into the fundamentals of marketing, the evolution from brand marketing to performance marketing, and the distinct challenges of building Indian brands in a global marketplace.
Ambi shares fascinating insights from his distinguished career spanning advertising agencies like FCB Ulka and Rediffusion, where he worked on iconic campaigns, including the legendary Tata Indica "More car per car" campaign and the Santoor soap brand that eventually overtook global giant Lux. The discussion delves deep into the psychology of both B2B and B2C marketing, debunking the myth that business purchases are purely rational while consumer purchases are emotional.
The episode also covers the importance of marketing for tech products, the role of storytelling in brand building, and how great products still need marketing to cross the adoption chasm. Ambi reflects on his journey from chemical engineering at IIT Madras to becoming one of India's most respected marketing minds, emphasizing how serendipity and openness to opportunities can shape careers in unexpected ways.
0:00 Introduction & Setting the Stage
1:55 Distinguished Alumni & Early Influences
3:12 Ambi's Career Journey
8:26 Favorite Campaigns & Brand Stories
10:00 Defining Marketing, Branding, and Advertising
12:10 Customer-Centricity in Marketing
13:30 Product vs. Marketing Debate
15:00 Performance Marketing & Its Evolution
17:24 Do Great Products Need Marketing?
19:37 B2B vs. B2C Marketing
23:00 Marketing Deep Tech vs. Consumer Products
28:00 Indian Brands, National Pride, and Market Challenges
32:00 Healthcare, Diffusion of Innovation, and Social Impact
36:00 Brand Building for Institutions
41:00 Ambi's Book: 'Marketing Mixology'
44:00 Podcasting and Knowledge Sharing
46:00 IIT Madras Brand Building Project
50:00 AI's Impact on Marketing
1:04:00 Closing Thoughts & Farewell
Indian Institution of Technology Madras- Ambi did his B.Tech in Chemical Engineering (1972-1977) at IITM.
He did his MBA [PGDM] in Marketing & Finance (1977-1979) at Indian Institute of Management, Calcutta (Honour Roll Graduate)
Marketing & Advertising Industry:
Business Leaders:
Academics & Thought Leaders:
Advertising Agencies:
Automotive:
FMCG & Consumer Brands:
Technology & Services:
Media & Entertainment:
Banking & Financial Services:
Pharmaceuticals & Healthcare:
"Marketing Mixology: Four Essential Skills for Marketing Success" - Ambi’s 12th and latest book covering consumer understanding, brand building, negotiation, and communication
“Nawabs Nudes Noodles: India Through 50 Years of Advertising” - A journey through five decades of India’s advertising landscape, exploring its impact on society and culture
"The Last Brand Standing" - Six-episode series about brand battles, hosted on IBM platform with Neeraj Gupta
"The Sponge Podcast" - 27-episode series based on his leadership book, co-hosted with Amit (IBM Podcast founder)
Ambi is a marketing veteran and distinguished alumnus of IIT Madras with over three decades of experience in advertising and brand building. He led FCB Ulka (formerly Ulka) for 26-27 years, transforming it from a struggling agency into one of India's premier advertising firms before selling it to a multinational. His illustrious career includes creating and nurturing some of India's most iconic brands and campaigns, including the Tata Indica "More car per car" campaign, Santoor soap, Sundrop cooking oil, TCS corporate campaigns, and Zee TV, among others. He has also worked extensively with B2B brands and has been instrumental in building brand equity for Indian companies competing against global giants. Beyond his corporate achievements, Ambi is a prolific author with 12 published books on marketing and branding, including his latest work "Marketing Mixology: Four Essential Skills for Marketing Success."
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