Randstad India is a division of Dutch-based

Randstad Holding Randstad NV, commonly known as Randstad and stylized as randstad, is a Dutch multinational human resource consulting firm headquartered in Diemen, Netherlands. It was founded in the Netherlands in 1960 by Frits Goldschmeding and operates in ...

NV, a

Dutch Dutch commonly refers to: * Something of, from, or related to the Netherlands * Dutch people () * Dutch language () Dutch may also refer to: Places * Dutch, West Virginia, a community in the United States * Pennsylvania Dutch Country People E ...

multinational

human resource Human resources (HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge and skills which the individuals command. Similar terms include m ...

consulting firm A consulting firm or simply consultancy is a professional service firm that provides expertise and specialised labour for a fee, through the use of consultants. Consulting firms may have one employee or thousands; they may consult in a broad ran ...

headquartered in

Diemen Diemen () is a town and municipality with a population of in the province of North Holland, Netherlands. It is located approximately 6 km (3.7 mi) southeast of Amsterdam's city centre, within the Amsterdam metropolitan area. Etymology The n ...

, the Netherlands.

History

Ma Foi Management Consultants: 1992–2010

Randstad India started in 1992 as Ma Foi Management Consultants Ltd, a Chennai-based HR service provider founded by

K. Pandiarajan K. Pandiarajan (born 13 May 1959) popularly known as Ma Foi K. Pandiarajan is an Indian businessman and politician from Tamil Nadu. Ma Foi K. Pandiarajan is Minister of Avadi Constituency from 2016. He is the founder of Ma Foi Management Con ...

along with his wife.by Xavier Roderic Hoffman In 2004, Dutch headhunting firm Vedior NV acquired Ma Foi Management Consultants to develop its business in Southeast 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–present

Randstad entered India in 2005/2006, with back-to-back acquisitions of two Indian recruitment companies – 'EmmayHR' and 'Teams4U' – 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. In February 2015, Randstad India converted into a Private Limited Company. In October of that year, its Sri Lankan arm was acquired by Quess Corp."Quess Corp signs deal to acquire Sri Lankan arm of Randstad India." ''The Economic Times''
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Activities

Randstad specializes in temporary and contract staffing, and the related recruitment and selection are traditionally the firm's core activities. It offers these services through a network of branches in towns and cities Besides regular staffing services for temporary and permanent jobs, as well as temporary and contract staffing of professionals and senior managers, Randstad also offers HR services and supplies.

References

{{Reflist Randstad NV Financial services companies based in Chennai Consulting firms established in 1992 Executive search firms Employment agencies of India Temporary employment agencies 1992 establishments in Tamil Nadu Indian companies established in 1992