Ciel Group Announces Major Developments

Ciel Group, a leading workforce solutions company and skilling enterprise in India, today announced a couple of major developments as part of the next phase of its growth strategy. With a deep understanding and experience of the world of work for many years, Ciel is committed to bridge the skill gap by equipping India with a diverse and specialized talent pool to meet the demands of work today and in the future. The Group has announced India’s first Skill Tech platform for employers and employees – CielJobs.com along with its Annual Results and Private Investments to the tune of Rs.20 crore (USD 2.8 Million) in Ciel HR Services, the fastest to become a top 10 HR services firm in the country.

Addressing the media after releasing the annual report, Mr. K. Pandiarajan, Executive Chairman of Ciel Group said, “We have a clear focus on profitable growth and innovation. I congratulate the leadership and entire team at Ciel Group for utilising over 30years of our deep experience in the Indian staffing landscape and combining it with the current technologies to write a new chapter in the transformation story of the HR industry in our country. It is quite exciting to see Ciel HR Services, in its seven years of existence, emerge as a top ten HR services company in India that has registered a revenue growth of 70% while the industry has grown by only 15%. I am confident that the launch of CielJobs.com will further enhance the purpose-driven leadership position of Ciel Group in the Indian HR industry.”

· Launch of CielJobs.com – The Group announced the launch of CielJobs.com, India’s first SkillTech platform that has 125 skill cohorts to help tens of thousands of fresh talent across every nook and corner of the country, including students in ITI and Polytechnic colleges, connect with employers as well as Project Implementing Agencies helping the Government’s Skill India initiative. CielJobs.com is a platform for the candidates from all over the country to connect, learn, get opportunities to upskill, and find the right job in the preferred tier 1, tier 2 and 3 cities. CielJobs Mobile App is available on the Play Store for the candidates.

· Private Investments in Ciel HR Services – The Group has announced the receipt of private investments in Ciel HR Services worth Rs.20 crores (USD 2.8 Million) from reputed organizations like Zoho Corp, Idhayam, Sri Kaliswari Fireworks and a few HNIs. In addition to investing in technology, the funds will also be utilised to fuel the company’s organic as well as inorganic growth plans. Over the next few quarters, Ciel HR Services aims at going public to emerge as a globally respected organisation.

· Annual Financial Results of Ciel HR Services – The Company, Ciel HR Services, has registered a revenue growth of 70% in the FY22 and a CAGR of 121% over seven years. Ciel HR Services reported a turnover Rs. 520 Crores as on March 31, 2022 as against the previous financial year turnover of Rs. 306 Crores. The 65 offices spread across 51 locations in India will continue to enhance the company’s AI-driven HR services model to help employers find the right candidate and for candidates to find the right employer.

Commenting on the growth story of Ciel HR Services, Mr. Aditya Narayan Mishra, Director and CEO of Ciel HR Services said, “With new investments, we will continue to build digital assets which boost internal efficiencies and at the same time, deliver increasing value to our clients, candidates and deputees. Our thought leadership position in the market with a large geographic presence and focus on service quality, robust processes, and people capability development will accelerate our growth journey and aid in emerging as a globally respected organisation.”

Commenting on the launch of CielJobs.com, Mr. Rajiv Krishnan, MD and CEO of Ciel Skills and Careers said, “CIEL Skills and Careers has a deep understanding of individual and collective gaps in employability and in making the connect between employers and talent pools in different parts of the country. Connecting thousands of people with a platform to upskill and find right job opportunities across the nation, CielJobs.com is committed to create a new and productive future of work.”