Ma Foi to diversy its business beyond staffing solutions in India

The Chennai-based staffing solution firm Ma Foi, founded in 1992 by K Pandia Rajan and wife Latha Rajan has announced that it is leaving the HR business and focusing on management consulting and education space.
By: Jayashankar Menon, Editor, Automotive Horizon
 
April 7, 2012 - PRLog -- The Chennai-based staffing solution firm Ma Foi, founded in 1992 by K Pandia Rajan and wife Latha Rajan has announced that it is leaving the HR business and focusing on management consulting and education space. The company is investing over Rs 25 crore in investment in the next three years.

Pandia Rajan and Latha Rajan, the successful entrepreneur couple behind India’s biggest success story in the HR space, on April 5, 2012 announced the launch of new ventures of Ma Foi that will operate in two of India’s fastest growing sectors-Management, consulting and education. The foray builds on Ma Foi’s experience of over two decades in HR consulting, talent management and development. The new ventures will see investments of over Rs 25 crore in the first three years.

Pandia Rajan said: “When we started Ma Foi in 1992, we brought a value-driven approach and best practices to the HR space in India. Over the last two decades of India’s unprecedented growth, where talent has been the most important element and driver, we have consulted and worked with some of the largest organisations on managing their talent and human capital. The global footprint on consulting engagements, an eminent panel of consultants and the collective experience gained over 20 years are the solid foundation on which we are building these new ventures. Our in-house Research and Analytics capabilities would equip us in delivering best-in-class end to end consulting solutions, helping organisations manage their processes and data effectively".

“Our focus is on the growing number of high potential mid-sized organisations. This segment is largely unaddressed today and we believe our own experience in scaling in a competitive space will deliver value to such ventures. We will soon have a national presence with offices in Bangalore, Delhi, Mumbai, Hyderabad, Pune, Ahmedabad and Kolkata”, the official said.


Latha Rajan added: “Consulting, research and education form the tripod of value offered to our clients. Ma Foi has always been a people centric organisation and having extensively worked on talent management in the last two decades, we recognise the need to develop a wholesome professional with the right balance of Values and Skills. It is this employability gap that our Business School aims to address. We believe we can create a values based world class management and entrepreneurship development institute in Chennai. Besides the management and leadership institute, we will also be offering management development Programmes for professionals and executives".

Exiting HR Business

Meanwhile, PTI reported that Ma Foi was planning to exit the staffing business for better opportunities. The company has been in the business for over two decades, was venturing into non-staffing solutions like strategy, research and education verticals. The firm became a part of the Netherlands-based Randstad Holdings in 2008. However early this year, Nasdaq-listed US-based human resource outsourcing solutions provider ADP (Automatic Data Processing) acquired payroll business of Ma Foi Randstad for an 'undisclosed amount'.

Randstand India

'Ma Foi-Randstad will be becoming Randstad India soon. That will be a separate announcement,' Pandia Rajan said. Declining to reveal further, he said Randstad India would begin operations in India soon for 'staffing solutions'. However, he said he would be continuing to remain as its 'chairman', the report said. For a full report, visit automotivehorizon.sulekha.com/ma-foi-to-diversy-its-business-beyond-staffing-solutions_04_2012_postedby_jayashankar-menon
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Source:Jayashankar Menon, Editor, Automotive Horizon
Email:***@jaicoelectrical.com Email Verified
Tags:Ma Foi, Ma Foi Staffing Solution, K Pandia Rajan, Latha Rajan, Ranstad India
Industry:Automotive
Location:India
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