Sam Balsara, Chairman and Managing Director, Madison World, has been appointed as an Additional Independent Director of Blue Star. His appointment is for a term of five years with effect from June 20, 2017, as per the BSE notification filed by the company. Balsaraâ€™s appointment is subject to the retirement policy of the company for its directors, and approval of the members of the company at the ensuing Annual General meeting.
Balsara holds a bachelorâ€™s degree in commerce and is a post graduate from Jamnalal Bajaj Institute of Management Studies. He has over 45 years of extensive experience in marketing, advertising and media. Balsara started his career at Sarabhaiâ€™s in 1972, and held various stints in Cadbury India, Contract Advertising and Mudra Communications, before founding Madison World in 1988.
Balsara has held senior positions in several associations such as the past President of AAAI; past Chairman of The Advertising Standards Council of India where he is presently its Advisor.