Financial Daily from THE HINDU group of publications
Thursday, Jan 19, 2006
Financial Daily from THE HINDU group of publications Thursday, Jan 19, 2006 |
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Corporate
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Alliances & Joint Ventures CHR Global plans tie-ups overseas Jayanta Mallick
Kolkata , Jan. 18 CHR Global, a private executive placement and HRD consulting firm, has planned to set up joint ventures in the US, the UK, Singapore and the UAE. Mr Tapash Sengupta, managing director of CHR Global, told Business Line that the company was in the process of scouting for partners in these four locales. "We intend to take majority stake in four mid-size placement and HRD consulting outfits in these markets in a two-way business sharing model, which would synergise all the partners local expertise into a cohesive whole," Mr Sengupta said. CHR Global has set its sights overseas at a time when local HRD organisations are being bought over by the overseas majors to exploit the country's placement market. In terms of outsourcing and in-sourcing of human capital, the relevant areas are increasingly growing as more and more overseas corporates flock to recruit and Indian companies expand abroad. "Even though we have received enquiries from Australia, New Zealand and Pakistan, we would currently restrict ourselves to the US, the UK, West and South East Asian markets for the time being as the current demand for human resources services largely stems from these regions." CHR Global is taking in private equity investment of around Rs 10 crore in exchange of a 26 per cent stake sale.
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