Sunday, April 16, 2006

Indian HR market to Double

ET reports suggest that Dutch HR major Randstad is likely to expand in India.

After acquiring majority stakes in Indian HR firms EmmayHR and Team4U, the E6.6-bn recruitment and staffing company Randstad Holding nv plans to consolidate its position by targeting sectors like retail, IT, BPO, telecom and banking and insurance.

The HR staffing and recruitment segment in India is currently around Rs 2,000 crore and Randstad's acquisitions of two Indian firms had given it a market share of 10 per cent in the high revenue staffing market, where the company was looking at doubling numbers every year.

Berg estimated that the Indian HR market would double to a billion dollars in the coming 2-3 years and hoped that Randstad would emerge as the market leader in India in as many years.

No comments: