India – TeamLease, Quess and Adecco among largest Indian staffing firms

By memberservices@staffingindustry.com (Craig Johnson)

TeamLease and Quess topped Staffing Industry Analysts’ new list of largest staffing firms in India. Swiss-headquartered Adecco was ranked third. The top three firms combined account for 20% of the market.

Staffing Industry Analysts estimates the Indian staffing market to be worth approximately INR 270 billion based on 2015 revenue and forecasts growth of 12% for 2016 and 10% in 2017.

The five largest staffing companies in India, based on 2015 staffing revenue, were:

Company

2015 Indian staffing revenue (INR million)

TeamLease

19,869

Quess

19,594

Adecco

15,000

Randstad

13,485

ManpowerGroup

7,991

“The Indian Staffing Federation has predicted that the 2.1 million temporary workers presently in the organised sector will increase to 2.9 million workers by 2018, making India the third largest market in world,” said Adam Pode, director of international research at Staffing Industry Analysts. “The major international staffing firms represented in our list have come to India because they recognise the huge potential of the market.”

“In India the staffing industry clearly does not have a challenge of addressable market and it is gratifying to witness the rapid growth being shown by each of the organised staffing firms to tap into this opportunity on one hand and enabling rapid job creation on the other. Demonetisation and implementation of GST in recent times shall definitely be a force multiplier to the growth of staffing in India,” said Rituparna Chakraborty, president, Indian Staffing Federation.

The Largest Staffing Firms in India report includes information on the composition of the market, the trend towards HR solutions in India, a demographic breakdown, current and future conditions, and the opportunities and threats presented by the market. In addition to the top 10 list, we also provide a list of 200-plus other Indian staffing providers.

The full Largest Staffing Firms in India 2016 report is available for SIA Corporate and CWS Council members.

Source:: Staffing Industry Analysts Daily Newsfeed