The Hindu Business Line : Talent2 Intl plans to invest in TalentPro India

Talent2 International, a $140 million Australia-based human resource outsourcing provider, is planning to invest a "substantial amount" in TalentPro India, a Chennai-based HR company and subsidiary of the $700 million US-based PayStaff Inc, according to Mr Sandeep Kanwar, Chief Executive Officer, TalentPro.

The size of the investment is yet to be finalised, he told Business Line.

The investment will be an extension of the global alliance between Interpro, an alliance associate company of TalentPro, and Talent2. Interpro is a significant shareholder in Talent2 through an acquisition of National Payroll Systems, he said.

Talent2 brings in a lot of HR experience to India, and they would in turn gain from TalentPro's presence in the domestic market. "It will be a win-win situation for both of us," he said.

TalentPro, earlier known as ProLease India, has about 10,000 temporary staff on its rolls (those who work for third parties but are on the rolls of the HR company). For fiscal ending March 2007, it would double this number and also see its revenue increase to about Rs 100 crore from Rs 50 crore during last year. It would soon foray into permanent recruitment of employees for various clients, said Mr Kanwar.

The company offers services to sectors like banking and financial services, retail, pharma, logistics and telecom. It plans to offer temporary staff for the IT industry, which has a huge requirement for employees working for a short period on specific projects. Temporary employees learn specific skills and would like to work on different projects, he said.