Anil Ambani bets big on HR consulting
The ADAG chairman wants to expand the scope of recently-formed group company Reliance HR Services. Top Billionaires I India Inc's hotshots
By Sumali Moitra, TNN |
KOLKATA: Anil Ambani wants to go one-up on the likes of HR consulting giants like Manpower. The ADAG chairman wants to expand the scope of recently-formed group company Reliance HR Services - whose present mandate is to handle in-house staffing requirements - to one which is capable of meeting similar needs of other companies so that it can emerge as a highly lucrative cash cow.
"We want to move out from merely meeting internal needs of the group to cover third-parties also from 2009-10," Reliance HR Services CEO Amitava Ghosh said on Tuesday. "Our intent is to handle both domestic and global corporations."
"We want to move out from merely meeting internal needs of the group to cover third-parties also from 2009-10," Reliance HR Services CEO Amitava Ghosh said on Tuesday. "Our intent is to handle both domestic and global corporations."
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Ghosh, though, did not specify the likely split that Reliance HR Services intends to achieve between internal and non-group clients. The company, which came into being on April 1, intends to close 2008-09 with a turnover of Rs 300-500 crore, he added.
However, Ghosh said acquisitions within India or abroad to fast-track the company���s growth is not on the immediate agenda. "Our target now is to develop a certain scale of operations and acquisitions may be something we will look at three years down the line," he said.
Ghosh said the present focus is on ramping up Reliance HR Services into a 50,000-strong organization by next year. The company currently employs 20,000, who are seconded to various ADAG firms. "In five years, Reliance HR Services should be employing 5 lakh professionals for the group itself," he added.
Reliance HR Services currently operates out of office premises of various ADAG companies.
Courtesy:Times of India
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