Alp Consulting Ltd, a search and staffing firm, has announced its partnership with Outsourcing Inc, a Japanese group with 17 domestic group companies and 19 overseas companies. The Japanese partner will have a majority stake in the organisation and brings in an investment of about US$ 5 million (INR 30 crores).
“This partnership will allow us to add value to our existing and future clients, beyond just staffing,” says Jayachandran Pillai, co-founder and Chairman, Alp Consulting.
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.
"Unlike Japan, India’s working population is set to grow to 240 million in the next 20 years which will catalyse the relationship further,” said Haruhiko Doi, Chairman and CEO, Outsourcing Inc.