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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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Recruitment Sector gets into M&A mode |
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Economic Times |
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May 28, 2007 |
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Thanuja B M & Sushmita Mohapatra |
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| Major global players in India |
Global players looking |
![]() Adecco (bought Peopleone) |
![]() Allegis Group Services |
![]() Vedior (bought Mafoi) |
![]() Volt Services Group |
![]() Randstad (bought EmmayHR) |
![]() TAC Worldwide |
![]() Manpower (JV with ABC) |
![]() Spherion |
![]() Kelly Services |
![]() Michael Page International | |
BANGALORE: It’s M&A time again for recruitment firms in India. After leading Indian players merged or tied up with global companies, it’s the turn of smaller recruitment firms to now be wooed by foreign staffing and recruitment agencies .Adding spice to the scenario is the fact that existing foreign players like Adecco, Vedior (which bought Mafoi) and Randstad (which bought EmmayHR) are looking for further acquisitions in India.
According to sources, US-based recruitment and HR management firms Allegis Group Services, Volt Services Group, TAC Worldwide, Spherion, a couple of European companies including UK-based Michael Page International, one from the Netherlands and Japanese HR major are among those looking to establish their presence in India. They are believed to be talking to several Indian Mid-sized recruitment firms for buyouts or stake sale. Shiv Agrawal, CEO of ABC Consultants, which has a JV with US-based Manpower, says: "I wouldn’t be surprised if more acquisitions take place. All the top global players in recruitment are already in India. Now it’s the turn of mid-sized firms to look East. These firms may be eyeing small recruitment organizations with a Rs 5-10 crore turnover and a small people base."
Agrees Nirupama VG, founder of Bangalore-based HR start-up Ad Astra Consultants, who says: "In the next few years, I see a lot of the next level of global companies coming in to buy out the smaller firms." In another sign of consolidation, global players who have already established Indian presence like Adecco, Randstad and Vedior are looking to make further acquisitions in the country. Says Ajit Isaac, CEO, and Adecco India: "We have a stable operation now and don’t think there is too much scope for scaling it organically. So the future growth for Adecco will come inorganically. We are currently looking at a couple of small firms to add capabilities to our company. We want to strengthen the IT staffing and engineering segments in the company’s portfolio."
Noting that historically, global majors present in the market have acquired second and third companies in any geography, Ashok Reddy, MD, TeamLease, adds that further acquisitions could happen for a vertical or regional reach. The organized recruitment sector in India is worth about Rs 1,000 crore and growing at a CAGR of 51%. Taking both organized and unorganized, the size of the market is about Rs 4,000 crore.
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