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 scenario 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
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1) Jay Thaker
2) ABC Consultants
1) Dr. Bish Agrawal, Founder, ABC Consultants
2) Shiv Agrawal, MD, ABC Consultants
Headquarters: New Delhi
Annual Revenue: ~INR 100 to 500 Cr (according to online sources)
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).
Also Read: 7 Reasons Why Your Organization Needs an Attendance Management System
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)
1) Kristi Savacool, CEO, AON Hewitt
2) Bryan Sansbury, COO, AON Hewitt
Founded: 1940 (acquired 2010)
Annual Revenue: NA
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.
Also Read: 15 Ways HR Software has changed Human Resource Management
1) Rishi Das, CEO, CareerNet
2) Anshuman Das, COO, CareerNet
Annual Revenue: ~INR 2 to 5 Cr(as per online sources)
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
1) Shishir Gorle, CEO, Global InnovSource
2) Raja Shekhar Reddy, COO, Global InnovSource
Annual Revenue: ~INR 7,500 Cr (as per online sources)
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
7) IKYA Human Capital
1) Ajit Issac, CEO, IKYA Human Capital
2) Subrata Nag, CFO, IKYA Human Capital
Annual Revenue: ~INR 990 Cr(as of March 2013)
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.
8) Kelly Services India
1) Thammaiah B , MD, Kelly Services India
Founded: 1946(India operations commenced in 2001)
Headquarters (in India): Gurgaon
Annual Revenue: ~USD 5.5 billion(globally as of 2012)
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.
Also Read: Top 30 HR Software in India.
9) ManpowerGroup India
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.
Also Read: Payroll Management for Small business
Adding two more entries here for our readers.
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.
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.
Which Human Resource Management Services Are Provided by The Top HR Companies?
One benefit of working with a human resources business is the peace of mind that comes with knowing that your employees’ taxes, tax exemptions, holiday pay, and any other payroll adjustments are being recorded and accounted for correctly and paid on time.
Human resource management companies offer training and performance management services to assist employees in advancing professionally and improving their productivity at work.
The ability of an organisation to provide structure for its employees and ensure that all employees are treated fairly, equally, and consistently depends on having a solid policy guide designed for your employees by HR firms for your company.
Why Do Organisations Prefer Using HR Outsourcing Companies?
The past few years have seen a change in how businesses are managed. Many modern executives use HR outsourcing services because they are pushed to perform more with fewer resources. Small businesses without a large budget may relieve their difficulties with hiring and acquiring necessary skills by outsourcing their human resources management.
As a result of outsourcing HR services, a business is spared the stress and hassle of worrying about HR-related issues. Some C-suite executives have even testified that after enlisting the services of an HR outsourcing firm, they were finally able to get a good night’s rest, secure in the knowledge that their company was meeting all applicable legal and regulatory standards regarding employee hiring, firing, and benefits.
What Is The Difference Between An HR And An HR Consultant?
Human resources professionals work full-time to organise and oversee HR operations. They commonly take the reins in hiring and firing, policies and procedures, pay and benefits, professional growth, and performance evaluation. Furthermore, they serve as the company’s public face, mediating between workers, upper management, and compensation and benefits.
Consultants specialising in human resources can be brought in to fill the chief human resources officer (CHRO) part-time role. As a team, they take a comprehensive look at the company, analyse the data, and provide recommendations for the future. Businesses may employ specialised HR consultants to advise them in areas like talent acquisition if they know they need it.
How Much Do HR Consultants Generally Charge?
The primary purpose of a human resources department is to ensure that all employees are working at their full potential and safeguard the business from any problems that may occur among the staff. In light of cultural and geographical variations in the demands placed on HR departments, the hourly rates at which HR consultants are hired might vary widely.
The standard fee amounts to Rs. 360 per hour. The average pay of a human resources consultant in India is Rs. 9,00,000/annum. Human resource consultants can set their hourly, daily, or monthly rates. If you’re an HR representative, your rate will depend on the degree of service you provide to customers.
1. What is the full form of HRO?
Human resource outsourcing (HRO) is when a company hires an outside firm to professionally handle its human resources department so that it may devote more resources to expanding its business. Finding new personnel, employing them, training them, and providing them with ongoing assistance are all tasks that fall within the purview of human resource management, which is handled by the HR department. One of its purposes is to examine applications and the process of recording and maintaining personnel data.
2. What is the full form of HCM?
Hiring qualified candidates, leading efficient teams, and maximising output are all aspects of human capital management (HCM). Earlier, it used to be mostly administrative, but now it plays a pivotal role in generating value for businesses.
3. What is the full form of PEO?
A professional employer organisation (PEO) is a business that leases its workers to another business in exchange for the right to partake in and manage a wide range of the latter’s obligations and risks associated with those employees.
4. What is the full form of HRM?
The process of finding, employing, orienting, and supervising workers is known as human resource management (HRM). Human Resource Management (HRM) is frequently shortened to “human resources” (HR). Human resource management encompasses a wide range of concerns, including but not limited to financial rewards, organisational growth, health and happiness of workers, and their management, as well as their motivation, development, and training.
5. What does HR Consultancy do?
Human resources consulting is the practice of bringing in an outside expert to advise and assist a company in optimising its HR practices and putting in place new policies and procedures. Many businesses highly prize their ability to provide a fresh, impartial perspective.
In case you think any other HR company deserves to be on the list, do let us know in the comments section below.
Disclaimer: This list has been compiled as per our research tools and there was no third party involvement. It should be taken as a mere guideline only.