R ARIVANANTHAM
CHENNAI, MAY 3
Recruitment company Ciel HR Services aims to go public over the next few quarters, backed by growth in the hiring business. “Over the next few quarters, Ciel HR Services aims at going public to emerge as a globally respected organisation,” said senior officials of the workforce solutions firm Ciel Group here on Tuesday.
Watch CIEL's Press Conference live, announcing "India's First Skill Tech Platform & New Investments." CIEL continues to grow with high ambitions and goals – Sprinting into the Future!
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— CIEL HR (@CielHRIndia) May 3, 2022
The Group has announced India’s first Skill Tech platform for employers and employees – CielJobs.com along with its Annual Results and Private Investments to the tune of Rs 20 crore (USD 2.8 Million) in Ciel HR Services, the fastest to become a top 10 HR services firm in the country.
K Pandiarajan, Executive Chairman of Ciel Group said, “We have a clear focus on profitable growth and innovation. I congratulate the leadership and entire team at Ciel Group for utilising over 30 years of our deep experience in the Indian staffing landscape and combining it with the current technologies to write a new chapter in the transformation story of the HR industry in our country. It is quite exciting to see Ciel HR Services, in its seven years of existence, emerge as a top ten HR services company in India that has registered a revenue growth of 70% while the industry has grown by only 15%. I am confident that the launch of CielJobs.com will further enhance the purpose-driven leadership position of Ciel Group in the Indian HR industry.”
Launch of CielJobs.com
The Group announced the launch of CielJobs.com, India’s first Skill Tech platform that has 125 skill cohorts to help tens of thousands of fresh talent across every nook and corner of the country, including students in ITI and Polytechnic colleges, connect with employers as well as Project Implementing Agencies helping the Government’s Skill India initiative. CielJobs.com is a platform for the candidates from all over the country to connect, learn, get opportunities to upskill, and find the right job in the preferred tier 1, tier 2 and 3 cities. CielJobs Mobile Apps available on the Play Store for the candidates.
Private Investments in Ciel HR Services
The Group has announced the receipt of private investments in Ciel HR Services worth Rs 20 crores (USD 2.8 Million) from reputed organizations like Zoho Corp, Idhayam, Sri Kaliswari Fireworks and a few HNIs. In addition to investing in technology, the funds will also be utilised to fuel the company’s organic as well as inorganic growth plans. Over the next few quarters, Ciel HR Services aims at going public to emerge as a globally respected organisation.
Reports 70 pc rise in revenue, Rs 520 crore turnover in FY22
The Company, CielHR Services, has registered a revenue growth of 70% in the FY22 and a CAGR of 121% over seven years. Ciel HR Services reported a turnover Rs. 520 Crores as on March 31, 2022 as against the previous financial year turnover of Rs 306 Crores.
Commenting on the growth story of Ciel HR Services, Aditya Narayan Mishra, Director and CEO of Ciel HR Services said, “With new investments, we will continue to build digital assets which boost internal efficiencies and at the same time, deliver increasing value to our clients, candidates and deputees.”
Commenting on the launch of CielJobs.com, Rajiv Krishnan, MD and CEO of Ciel Skills and Careers said, “CIEL Skills and Careers has a deep understanding of individual and collective gaps in employability and in making the connect between employers and talent pools in different parts of the country. Connecting thousands of people with a platform to upskill and find right job opportunities across the nation, CielJobs.com is committed to create a new and productive future of work.”
