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Hyderabad-based training and placement firm TMI e2E Academy plans to raise $6-8 million in the next six months to fund its expansion plans.
“We are talking to PE firms for raising $6-8 million over the next six months to fund our expansion plans. TMI e2E Academy is a training and placement firm for fresh graduates and diploma holders with 0-2 years of work experience,” TMI Group Chairman T Muralidharan said here.
TMI Group is one of India’s largest talent acquisition & talent management network with operations across India, Middle East & Europe.
TMI e2E had earlier launched a portal — Jobsdialog.com — to provide jobs to unskilled labour in SME sector.
Though the economy is growing, it has not translated into employment as jobs are not growing, Muralidharan said.
The portal has already received 75,000 registrations from employment seekers and nearly 2,000 from MSMEs employers.
This year, the placement firm plans to cover entire Andhra Pradesh and Telangana. In the next three years, it wants to expand the service to Tamil Nadu, Karnataka, Maharashtra, Uttar Pradesh and the National Capital Region.
The TMI group has registered a turnover of Rs 75 crore and is targeting a turnover of Rs 250 crore in the next three years, Muralidharan added.
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