Randstad acquires 57% of Indian staffing company Team4U

MUMBAI: Randstad Holding has agreed with shareholders of Team HR Services Private Limited, operating under the brand name Team4U, to purchase 57 per cent of the company's shares, with the option to purchase the remainder of the shares over the coming two years.

"Team4U provides a platform to further strengthen Randstad's position in the growing Indian market, and fits with our overall growth strategy to establish a presence in the region," the company stated.
"Team4U helps Randstad expand its Indian business. This gives us a head start in entering the rapidly growing staffing market thanks to their market share of some 10 per cent. Team4U is a well-managed company that has experienced excellent growth over the past years, now being the fourth largest staffing company in India. We are delighted to benefit from the managerial and commercial strengths of Team4U. This will allow us to further leverage our position in India, which we first established with our majority stake in the Indian recruitment company EmmayHR in December 2005,'' said Randstad Holding CEO Ben Noteboom.

"Randstad's expertise in staffing will enhance our capabilities for serving our clients. With Randstad as a strong partner, we will be in an even better position to continue our path of profitable growth," said Team4U president and director Abhinav Dhawan.

Team4U provides staffing and HR solutions services, with payroll management services forming an important part of the service offering. Headquartered in Delhi, Team4U has offices in nine Indian cities, including Mumbai, Bangalore and Kolkata.

The staffing and recruitment services market in India is still relatively small, but rapidly developing. Randstad already established a position in the Indian recruitment market by obtaining 51 per cent of the shares of EmmayHR in December 2005. The current transaction with Team4U provides Randstad access to the Indian staffing market.

Latest Reads
Flipkart announces integrated brand communication campaign

There are a host of dates earmarked in India’s annual calendar where consumers wait with bated breath to partake of the celebrations. Clearly figuring in this list is the ‘The Big Billion Days’ (BBD), that has been made popular by Flipkart over the past two years. As a concept, Big Billion Day was...

MAM Media and Advertising Ad Campaigns
Colors campaign inspires men to take over Sunday chores

Colors has launched a new movement called #SundayIsHerHoliday. The campaign -- one Sunday at a time -- is inviting every man (and woman) to participate. The goal of the campaign is to inspire and help men take over the Sunday chores of women, so she can get her much needed time off.

MAM Media and Advertising Ad Campaigns
betterU launches Diwali campaign #FestivalOfLearning

India’s online learning marketplace, betterU, has launched a unique Diwali campaign #FestivalOfLearning across its digital platforms.The campaign aims at helping people think differently about their purchases, and highlights the importance of investing for the long term on the auspicious occasion...

MAM Media and Advertising Ad Campaigns
BBH India creates live radio spots for Abbott

BBH Mumbai has released a case study on the first ever live radio spots for Abbott's The Race of Possible’ campaign, which received overwhelming response in India.

MAM Media and Advertising Ad Campaigns
Abhibus's 'Har Safar Mein Aapka Hamsafar' Mahesh Babu, India’s online bus ticket booking platform, has announced superstar Mahesh Babu as their brand ambassador. He will also feature in the company`s marketing campaign called 'Har Safar Mein Aapka Hamsafar' (With you on all your journeys, wherever you go).

MAM Media and Advertising Ad Campaigns
Posterscope rolls out 'Frooti' OOH campaign

MUMBAI: Posterscope India from Dentsu Aegis Network has rolled out a massive OOH campaign for Frooti to make the consumers Live #TheFrootiLife. The core objective of the campaign is to create high visibility and impact for Frooti in the OOH space. Targeted at audiences aged between 15-35 years, the...

MAM Media and Advertising Ad Campaigns
Q2-17: DB Corp revenue up, radio operating profit doubles

DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported 10.5 percent higher consolidated revenue for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding year ago quarter....

MAM Marketing Brands
P Mark TVC features Boman Irani

MUMBAI: P Mark, the front-runner in the mustard oil segment in India, has unveiled its new TV campaign ‘one specialist to another’. Reinforcing its commitment as specialists and educating the masses about the taste, the new TVC pays tribute to P Mark’s exceptional taster in the category.

MAM Media and Advertising Ad Campaigns
Officer's Choice Blue snacks launches a new TVC campaign

Officer’s Choice Blue has launched a new advertising campaign ‘Salute to Banta Hai’ - communication that repurposes its long-standing platform of the ‘Good Samaritan’. The four TVC’s narrate testing situations, in slices of everyday life, and defines their actions to make for a better and caring...

MAM Media and Advertising Ad Campaigns

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories