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Japan-based Recruit Holdings, one of the largest staffing firms in the world, announced that it has acquired 100% of the shares of Indian executive search firm NuGrid Consulting. NuGrid will now be renamed RGF Executive Search India Private Ltd.
Recruit has been developing its services and operations with the aim of becoming the pre-eminent global integrated HR service provider. The company offers permanent placement, temporary staffing, and online HR, for employers and job seekers worldwide.
In 2007, Recruit launched its first international HR service, aimed primarily at introducing job candidates to Japanese companies in Asia. Recruit acquired full ownership of Bó Lè Associates Group Limited, a major placement firm with a large presence in China and Southeast Asia, in April 2013.
NuGrid is an India-based integrated recruitment services provider, which provides staffing through three subsidiaries; executive search firm Stanton Chase, selection and search service provider NuGrid, and entry-level selection unit Orane.
NuGrid currently operates out of seven offices; Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Pune, and Kolkata. NuGrid offers executive search services for department heads and senior management positions in a wide range of industries; including manufacturing, healthcare, IT, infrastructure, and real estate.
This acquisition will combine NuGrid's assets with Recruit's HR service expertise to contribute to the future growth of Recruit in India, which together with China is considered to be a key strategic area in the overall Asia HR services market. With this acquisition, Recruit intends to strengthen its presence in India and continue offering placement services throughout all of Asia.
Recruit Holdings currently provides permanent recruitment staffing across China, Hong Kong. Singapore, India, Vietnam, Indonesia, Malaysia, Thailand, Philippines. Temporary staffing is provided across the United States, the United Kingdom, and Australia.