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The Times of India Monday December 31, 2007
Bumper year for city in IT hiring |
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The Hindu Business Line Monday December 24, 2007
De-risking the staffing business |
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The Economic Times Thursday December 12, 2007
Career detours:Pursue dreams amid sabbatical breaks |
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The Economic Times Thursday November 29, 2007
Rupee blow : IT cos to go slow on hiring support staff |
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The Hindu Business Line Monday November 26, 2007
Building high performance teams |
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The Economic Times Tuesday November 13, 2007
IT giants fine-tune bench management |
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The Hindu Friday November 2, 2007
IT companies tighten purse strings to cut costs |
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Times of India, Sept 17, 2007
Indian tech campuses turn melting pots of diversities |
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Times of India, August 23, 2007
IT companies create shadow talent pool |
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Economic Times, August 22, 2007
IT companies show the door to deadwoods |
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Times of India, June 26, 2007
Bubble CEOs’ fill vacuum on top |
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DNA, June 15, 2007
Men are top job ditchers, women loyal, says study |
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Economic Times, May 28, 2007
Recruitment Sector gets into M&A mode |
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Times of India, May 03, 2007
Women slam move to ban night shift |
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Business Line, March 06, 2007
Venture Capital firms' move to recruit, retain talent |
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Business Line, March 01, 2007
Union Budget 2007-08 for Women |
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Times of India, Feb 22, 2007
Talent also has a shelf-life |
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Venture Capital firms' move to recruit, retain talent |
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Business Line |
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March 06, 2007 |
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Anjali Prayag |
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| Private equity and venture capital firms invested about $7.4 billion in Indian companies in 2006. It's called bringing home the money and the honey. |
BANGALORE : Talent-starved India is looking at innovative and rewarding partnerships with all its vendors. In a trend that will be increasingly seen, venture capital (VC) and private equity (PE) firms are now partnering with select HR firms to retain key talent and recruit top talent in their portfolio companies. Apart from fusing in `smart capital,' VC/PE firms also bring 'precious human capital' into the invested-company.
The Bangalore-based UTI Venture Funds, for instance, has tied up with three HR firms to "identify key talent and recruit the best ones from the market for our portfolio companies," says its Managing Director and CEO, Mr Raja Kumar. He says VC money is smart money and VC-backed companies are expected to grow much faster than their peers. "And growth without the right talent is impossible. Therefore it helps if we participate in the HR strategy ourselves."
Ad Astra Consultants, a Bangalore-based search firm that is one of the HR firms on UTI's HR vendor panel, has started a `venture engine practice' that is built with consultants who bring expertise and knowledge of the investors' world and their areas of investment focus across industries. "We have built specialist teams for them," says its Managing Director, Ms Nirupama V.G. As they are involved in the company's growth from investment stage, these HR consultants have a deeper understanding of the requirements and provide the right HR solutions for their `investee' organisations. Ad Astra's private capital practice has signed up with 3-4 VC firms and is `in talks with a few others to work around their human capital issues.'
According to industry estimates, private equity and venture capital firms invested about $7.4 billion in Indian companies in 2006. The Ernst and Young VC Insights Report 2006 ranked India No.5 among the top VC investing destinations. "For search companies like ours, it makes sense to partner with a growing industry like the VC industry." says Ms Nirupama.
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