Staffing solutions provider CIEL Human Resources Services is well on its way towards hitting the capital market and expects to file a draft red herring prospectus by the first quarter of next financial year, a top official said on Wednesday. The city-based company has aimed to generate top-line revenue of over Rs 1,000 crore and another Rs 400 crore through means of acquisitions, CIEL Group Executive Chairperson K Pandia Rajan said.
“Very much (it is on track). First component is, we ..
To a query about revenues, he said the company reported a revenue of Rs 520 crore last year and this year it would be over Rs 1,000 crore. “We expect another Rs 400 crore revenue by means of acquisitions…,” he said.
Pandia Rajan said they were also in talks to acquire a HR technology company and currently ‘due diligence was on’.
“They (that company) are into HR services of a very mass kind of domain and we believe that it will add significant value to the technology stren ..
To a query about revenues, he said the company reported a revenue of Rs 520 crore last year and this year it would be over Rs 1,000 crore. “We expect another Rs 400 crore revenue by means of acquisitions…,” he said.
Pandia Rajan said they were also in talks to acquire a HR technology company and currently ‘due diligence was on’.
“They (that company) are into HR services of a very mass kind of domain and we believe that it will add significant value to the technology stren ..
