Randstad India
| Type | Subsidiary |
|---|---|
| Industry | Recruitment |
| Founded |
2012 (as Ranstad India) 15 August 1992 (as Ma Foi Management Consultants) |
| Headquarters | Chennai, India |
| Key people | Moorthy K Uppaluri(CEO) |
| Products |
Employment agencies HR services |
| Owner(s) | Randstad Holding NV |
| Website | randstad.in |
Randstad is a Dutch multinational human resource consulting firm headquartered in Diemen, Netherlands. Randstad is the world's second-largest HR service provider. It was founded in the Netherlands in 1960 by Frits Goldschmeding and operates in around 40 countries. In 2012, the company achieved a turnover of €17.1 billion. Randstad employs around 29,320 of its own staff, whilst 580,000 people are deployed in other companies every day through Randstad. Globally, Randstad has 4,496 branches.
Randstad India is a division of Dutch-based Randstad Holding NV. The inception of Ranstad India was in 1992 as "Ma Foi Management Consultants Ltd", a Chennai based HR service provider, which in 2004 merged with the Dutch HR provider - Vedior NV. In 2005/2006, with two back to back acquisitions of Indian recruitment companies - 'EmmayHR' and 'Teams4U', Randstad stamped its entry in India. Randstad Holding NV acquired the operations of Ma Foi, through its 2007 acquisition of Vedior; and named its Indian operations as "Ma Foi Randstad" in 2010. Eventually in April 2012, it rebranded as "Randstad India".
Randstad is a full spectrum HR services provider for clients worldwide and has been directly involved with careers of over 320,000 individuals. Corporate clients include over 250 organizations in Fortune 500 list.
History
As Ma Foi Management Consultants : 1992 - 2010
The inception of Randstad India was in 1992 as "Ma Foi Management Consultants Ltd", a Chennai based HR service provider.
In 2004, Vedior NV, a Dutch head hunting firm acquired Ma Foi Management Consultants; to develop its business in South-East Asia, and West Asia. In 2005, Ma Foi merged its consulting and outsourcing businesses to form a separate subsidiary - Ma Foi Consulting Solutions Ltd, which was acquired by ADP, Inc. in January 2012.
Transition to Randstad India : 2005 - till date
In 2005/2006, with two back to back acquisitions of Indian recruitment companies - 'EmmayHR' and 'Teams4U', Randstad stamped its entry in India.
In December 2007, Randstad Holding NV acquired the operations of Ma Foi, through its $5.14 billion acquisition of Vedior. By 2010, Randstad consolidated its Indian operations as the "Ma Foi Randstad" brand, by integrating the businesses of EmmayHR and Teams4U with Ma Foi. Finally in April 2012, "Randstad India" brand replaced Ma Foi Randstad.
Core activities
Randstad specializes in solutions related to flexible work and human resource services. Besides regular staffing services for temporary and permanent jobs, as well as temporary and contract staffing of professionals and senior managers, Randstad also offers specialized HR Solutions and supplies dedicated on-site personnel management with its inhouse services.
Randstad describes its mission as ‘taking the lead in shaping the world of work’.
Randstad divides its activities into several business areas, which it calls service concepts:
1) Temporary and contract staffing
2) Professionals / search & selection
3) HR solutions
4) Inhouse services
Temporary and contract staffing
Temporary and contract staffing and the related recruitment and selection are traditionally Randstad's core activities. Randstad offers these services through a network of branches in towns and cities in the countries in which it operates. In most of these countries, Randstad works according to a so-called unit structure, whereby each unit consists of few consultants who are responsible for service provision to clients and selecting candidates.
Professionals / search and selection
A separate division of Randstad focuses on recruiting supervisors, managers, professionals, interim specialists and advisors. These people are deployed in (temporary) positions in middle and senior management, such as engineers, ICT specialists, or marketing & communication specialists. Randstad calls this service concept ‘professionals’[citation needed].
In a number of countries, Randstad has operating companies that select managers for permanent placements in middle and senior management. This often involves recruitment and training programs. Randstad calls this service concept ‘search & selection’.
HR solutions
HR solutions include Randstad Managed Services, whereby Randstad manages a client’s flexible personnel requirements. HR Solutions also involves a number of services such as selection processes, HR consultancy, outplacement and career support.
Inhouse services
With its inhouse services, Randstad works on site for just one client. This involves offering a large number of candidates with very specific capacities, usually for industry and logistics. Randstad is responsible for all personnel matters, including recruitment and selection, training and planning.