India-based staffing and HR solution firm Ciel HR Services aims to go public over the next few quarters, backed by growth in the hiring business, reports LiveMint. "Over the next few quarters, Ciel HR Services aims at going public to emerge as a globally respected organisation," said parent group Ciel Group in a statement.

On March it was reported that Ciel HR Services was set to go public in FY 2023 and raise INR 10 billion (USD 130.8 million) from the equity market. Ciel Group's business units include Ciel HR Services, Ciel Skills and Careers, Ciel Technologies & Integrum Technologies. Ciel HR Services said it has registered a revenue growth of 70% in the FY 22 and a CAGR (compound annual growth rate) of 121% over seven years. Ciel HR Services reported a turnover INR 5.20 billion (USD 68.0 million) as of 31 March 2022 as against the previous financial year turnover of INR 3.06 billion (USD 40.04 million).

Aditya Narayan Mishra, Director and CEO of Ciel HR Services told LiveMint that the company is now aiming for a revenue of INR 10 billion (USD 130.8 million) in FY23. Yesterday, the group launched a skill tech platform called-CielJobs.com, aimed at students and freshers who want to upskill themselves and connect with an employer. The group also announced private investments in Ciel HR Services worth INR 200 million (USD 2.6 million) from organisations like Zoho Corp, Idhayam, Sri Kaliswari Fireworks and a few HNIs (high net worth individuals).