Outsourcing Inc , a Japanese group with 17 domestic group companies and 19 overseas companies has acquired majority stake in Bangalore-based search and staffing firm Alp Consulting Ltd. The Japanese partner will have a majority stake in the organisation and brings in an investment of about $ 5 million (INR 30 crores).
Jayachandran Pillai, Co-founder and Chairman, Alp Consulting Pvt. Ltd. said, “This partnership will allow us to add value to our existing and future clients, beyond just staffing. With this partnership and such potential growth prospects we are hopeful of reaching greater heights and emerging as a leader in the space.”
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Through this acquisition, Alp Consulting will become a part of Japanese publicly listed staffing firm and will provide a platform for Outsourcing Inc. to engage with the Indian market. The Japanese firm is looking at expansion through leveraging synergies of Manufacturing and IT Engineering outsourcing services provided by the Alp Group and extending those services and providing them to Japanese companies. The M&A may also facilitate staff placement in other countries like Australia, Singapore and Japan.
"With a growing interest among Japanese companies to foray in the Indian market, we are happy about our first acquisition in India. We will assist other foreign and Japanese companies who are intensifying their focus in India. Besides, unlike Japan, India’s working population is set to grow up to 240 million in the next 20 years which will catalyse the relationship further,” said Mr. Haruhiko Doi, Chairman and CEO, Outsourcing Inc.
