When we first started out in late-2010, the HR industry in India had just undergone a transformation. Leading HR companies in India as well as all over the world. were signing mergers and acquisitions with top HR companies in India. Over the last few years, the HR scene in India has seen an evolution with more companies looking out for organized staffing and workforce solutions.
Having witnessed the evolving trends of the industry, we decided to compile a list of the top HR companies in India who are reaching pinnacles of glory with the HR, staffing, and recruitment solutions.
Here is A list of the top HR companies in India
Key People: 1) Waqar Azmi, Founder, SutraHR
Annual Revenue: $8.6M(according to online sources)
SutraHR is one of the top hr companies in India search firms. Pioneers in startup hiring, they've worked with over 500 clients since their inception. They realize the importance of hiring the right talent for growing your business. SutraHR has dedicated teams working on Tech, Non Tech, Bulk, and Product requirements and have a TAT of 24 hours. They have clients spread across India and globally in places like Malaysia, Singapore, Middle East, Indonesia, and UK. With a strong team of recruiters and an exhaustive database, they close a position every 12 hours.
A pioneer of organized recruitment services in India, ABC Consultants was founded by Dr. Bish Agrawal in 1969. With a motto of ‘Building Careers, Building Organisation’, ABC Consultants brings in a rich experience of 44 years. Being one of the oldest HR companies in India, ABC generates 75% of its revenue from its existing client base. This HR firm has a host of group businesses that offer services such as Chairman's High Circle (catering to executive search), ABC consultants (mid to senior management hiring), Headcount (volume hiring), flexibility (outsourcing recruitment processes), and Headhonchos, (senior management career portal).
3) Adecco India
1) Sudhakar Balakrishnan, MD and CEO, Adecco India
2) Federico Vione, Regional Head, Adecco India
Annual Revenue: ~EUR 20,536 million(globally as of 2012)
A tagline that says "Better work, better life", Adecco India has definitely made 100,000 lives better by getting them employed. Yes, that's the number of people Adecco puts to work every day. A staffing and HR company, this Swiss major acquired a 67% stake in People one Consulting, a Bangalore-based company in 2004 and thus marked its entry in the Indian market. With the final value of INR 200 to 240 Cr, it was the biggest deal in the HR sector of India then. Adecco India had revenues of INR 300 Cr in 2006 and has clocked growth rates of 600% since the acquisition. The company offers end-to-end HR solutions with a major focus on services like temporary staffing, permanent staffing, outplacement, outsourcing. and talent development services.
4) AON Hewitt (previously Hewitt Associates)
Hewitt Associates was an American provider of HR, outsourcing, insurance, and management consulting services. In October 2010, Hewitt Associates was acquired by AON Corporation and is now known as AON Hewitt. This top HR company has over 30,000 employees in 90 countries, serving more than 20,000 clients globally. AON Hewitt offers solutions in health benefits, global benefits, retirement, investment consulting, compensation, talent and organization, mergers and acquisitions solutions.
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CareerNet, established in 1999, is a top staffing and consultancy firm in India. It offers simple and cost-effective consultancy to its clients and has a rich experience in industries such as technology, knowledge services, banking, financial services, and insurance. The HR company hires talent for its clients in corporate roles, HR, finance, sales, and marketing. CareerNet provides strategic advice in the areas of executive search, recruitment process, outsourcing, talent acquisition strategy, compensation advisory, university recruitment, talent branding, outplacement and exit management, and SOW-based recruitment.
6) Global InnovSource
An HR venture of the GHC Group (Global Holding Corporation), Global InnovSource offers manpower outsourcing in addition to customized solutions to address the client's special requirements. They have a national footprint in over 36 locations across India and a strong financial backing by GHC Group. It has a team of 700 professionals with 140 recruiters and more than 600 global clients. Their main focus is on areas such as staffing services, facilities management, sourcing training and skilling, statutory compliances, health & insurance benefits, on-boarding, and payrolling.
IKYA is a well-known integrated HR solutions company with services offered to over 500 organizations across different industries. In 2011, IKYA acquired Magna InfoTech, a Hyderabad-based IT staffing company for an enterprise value of 100 Cr. However, in early 2013, Thomas Cook acquired IKYA and gained an excess of 9 Cr through cash flow from IKYA. The business services offered by IKYA include executive search, staffing solutions, recruitment solutions, skill development, recruitment process, outsourcing, and managed services.
Kelly’s operation in India commenced in 2001 and has since increased its presence to 6 locations across the country. Established in 1946 by William Russell Kelly, this HR staffing company has been recognized for its quality processes, practices, supplier diversity, and community involvement. It has been considered a pioneer of the modern staffing industry marked by the popularity of the Kelly Girl, a term coined for temporary employees. It specializes in mid-senior level recruitments, scientific recruitments, IT recruitments, engineering recruitments, functional recruitment, and financial services recruitments.
1) A G Rao, Group MD, ManpowerGroup India
2) Srikanth Rengarajan, Executive Director & President, ManpowerGroup India
3) P V Venkatesan, Director-HR, ManpowerGroup India
Founded: 1948 (India operations commenced in 1997)
Annual Revenue: ~USD 20.7 billion (globally as of 2012)
ManpowerGroup is a renowned human resource consulting firm founded in 1948 in Milwaukee, USA with over 3,500 offices in 80 countries, including India. The Indian arm is named ManpowerGroup India and has been providing services since 1997. In addition to having 13 branches in 13 cities across the nation, ManpowerGroup India also acquired Web Development Company Ltd (WDC), a leading Kolkata-based IT services company in 2011. ManpowerGroup offers a number of innovative workforce solutions, such as recruitment process outsourcing (sources and attracts talent through their flexible and scalable recruitment solutions), managed service provider (delivers solutions that optimize the management of contingent workforces), talent based outsourcing (talent-driven outsourcing of operations, functions, and services) and strategic workforce consulting (framework and collaborative planning process).
10) Randstad India (previously Ma Foi Randstad)
1) Paul van de Kerkhof, Chairman, Randstad India
2) Moorthy Uppaluri, CEO, Randstad India & Sri Lanka
Annual Revenue: ~EUR 17.1 billion(globally as of 2012)
Ma Foi Management Consultants was founded in 1992 and was an HR leader in India. However, in 2004, this HR firm merged with Vedior NV, a Dutch HR service provider. This combined entity was then acquired by Randstad in 2007. Headquartered in Diemen, Netherlands, Randstad is the world’s second largest Dutch HR consulting firm. Following its acquisition by Randstad, Ma Foi was named Ma Foi Randstad in 2010 and eventually as Randstad India in 2012. The service concepts of Randstad include temporary and contract staffing, inhouse services, HR solutions, recruiting professionals, etc.
1) Manish Sabharwal, CEO & Co-founder
2) Ashok Reddy, MD & Co-founder
Annual Revenue: ~INR 700 Cr(as of 2012)
With a vision statement of "Putting India to work", TeamLease was established in 2002 and has grown to become one of India's leading HR and staffing solutions company. It has a wide array of clientele including MNCs, SMEs, educational institutions, and government firms. Currently, this HR company boasts of an employee base of about 75,000 across 800 locations. According to various online sources, since its inception, TeamLease has got someone on-board every 4 minutes! To aid its corporate training programs, TeamLease collaborated with IIJT to form a wing named Enterprise Learning Services (ELS), which caters to the complex needs of large organizations. This HR firm offers a host of services including payroll outsourcing, temporary staffing, assessments, permanent staffing, regulatory compliances, and corporate training programs.
(Editorial Note: An earlier version of the article included Mercer as one of the top HR companies in India. However, at their request we have removed them from the list.)