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Indian Staffing Industry is expected to grow 12% this year - 3-Dec-2016
Bangalore: Indian Staffing Federation, an apex body of flexi staffing industry in India today announced that its members topped the list of India staffing firms occupying the first 5 positions as per the recent report published by Staffing Industry Analysts.
Top three firms including two home grown firms TeamLease and Quessand Swiss headquartered Adecco together accounts for 20% of the total market share in India. The report also indicates that the Indian staffing industry is estimated worth INR 270 billionin 2015 and it forecasts growth of 12% this year and 10% next year.
As per the report by the leading global advisor on contingent work,the five largest staffing companies in India, based on 2015 revenue in million rupees are listed below.
Name of the firm Revenue Generated in millions INR
TeamLease 19,869
Quess 19,594
Adecco 15,000
Randstad 13,485
Manpower Group 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.
Ms. Rituparna Chakraborty, President, Indian Staffing Federation, said,“In India the Staffing Industry clearly does not have a challenge of addressable market and its 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. Demonetization and implementation of GST in recent times shall definitely be a force multiplier to the growth of Staffing in India.”
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