We hire somebody every five minutes,’’ says Hastha Krishnan, CEO, Ma Foi, Global Search Services Ltd. You walk into one of Ma Foi’s offices in Chennai and you feel the palpable energy of the organisation. Ma Foi is in the business of finding people jobs. ‘‘We don’t just head hunt, we do more than that,’’ smiles K Pandia Rajan, founder and. Managing Director of India’s largest Human Resources services provider. Ma Foi Management Consultants Ltd has grown in its 15 years of existence as a global one-stop shop for HR requirements. Today, the organisation has a strong presence across Europe, Middle East, South Asia and Southeast Asia, and offers a diverse range of HR services and HR outsourcing solutions. It ended last year with a turnover of Rs 500 crore and employs 1500 people. Ma Foi registers a growth rate of 70 per cent each year.
Pandia Rajan and Ma Foi are the true representatives of the new India, India after liberalisation, where boundaries are disappearing and dynamic growth is not just a dream. Pandia Rajan, who was born in Vilambatti, a small village near Sivakasi (famous for match factories among other things) is what Indian entrepreneurship is all about. He saw opportunities opening up in West Asia, foreign firms grabbing those opportunities, and decided to strike out on his own, with little capital but huge ambition.
How did this man from a small village end up setting up this big HR firm? Pandia Rajan’s father worked in a match factory in Sivakasi. He passed away when his son was barely three months old. Pandia Rajan was brought up by his maternal grandfather who started a small match factory in his name. ‘‘The whole family worked. I come from a typical lower middle class family in these parts of the world. They were 45 members of the family who were involved in the business and we all lived in the same compound,’’ says Pandia Rajan.
The factory kept him in school. Always a good student, he went to the PSG College of Technology in Coimbatore to study engineering. a rank holder till the last semester, he was also a bit of a rebel. He led the students on the College’s first ever strike, which became a violent mob scene and which also provided the turning point in his life. His interest turned to psychology. Guided by a senior, he did his MBA from XLRI, Jamshedpur, in Industrial Relations. Not many engineers opted to do IR in the 80s. And IR was certainly not the subject aspiring entrepreneurs wanted to do. Pandia Rajan always knew he wanted to set up something on his own.
He started his career in Indian Oxygen before moving on to BOC India Ltd. He then worked directly with V Krishnamurthi, the former Chairman of BHEL, Sail and Maruti, and now Chairman of Nation Manufacturing Competitive Council, when he was setting up his IDEA group of companies. Pandia Rajan, who had to recruit 300 people in three months for IDEA for deputation for a Reliance project, started understanding the dynamics of recruiting and the concept of temporary staffing. He got a lot of exposure in recruiting for overseas software work (what was then known as body shopping). He travelled all over the world, placing people. He worked with Krishnamurthi for three years and says they were exciting times.
Pandia Rajan got married to Latha in 1989, a chartered accountant, also from a small village in Tirunelveli. Latha had set up a small all women’s audit firm, and together they decided to strike out on their own. He had been involved in recruiting skilled engineers for ONGC. During this time, when the Rawa oil field went up n flames, legendary fire fighter Red Adair was called in. People had to be deputed to work with Red. Pandia Rajan realised then that foreign HR firms were hiring people from India to be placed in Indian projects. And that they were making something like a million dollars per project. ‘‘This really triggered something in me,’’ says Pandia Rajan.
Tags: coimbatore, consultants ltd, dynamic growth, global search, head hunt, hr services, human resources services, india india, ma foi management consultants, match factory, maternal grandfather, new india, outsourcing solutions, psg college of technology, rajan, Southeast Asia, true representatives, West Asia
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Coimbatore has over 65 trusts set up by industrial houses. These trusts, which initially served as tax shelters, have established a large number of educational institutions and hospitals in the city over a period of time.
The PSG Trust named after P S Govindaswamy Naidu has greatly contributed to industrial development in Coimbatore. The PSG College of Technology, the PSG College of Arts and Science, and the PSG Institute of Management are among its notable institutions. Likewise, the GRD Trust and GRG Trust have their own institutions.
The Coimbatore Institute of Technology and the Kumaraguru College of Technology are among other institutions
Admission Notification 2001-02 : MBA - PGDBM
For information & Spot Admission Contact : Office of Director, Sahu Trust Institutions C-9, Saheed Nagar Market Building, Bhubaneswar-7 (Orissa)
OR Contact Directly : Mr. P.K. Jena, PRO, Admission-in-Charge - Sahu Trust
C/o. Hotel Rutt Deen, 21-B, Loudon Street, Kolkata-16 from July 8 to 10, 2001. (between 10 a.m. and 5.00 p.m.)
At Kolkata : A.B. Mallick
SAMS Consultant, 32/3H/1, Ghariahat Road (South), Kolkata)
At Durgapur : Mr. Hitu Kazi
QR NO-RR-291, BPL Township, Durgapur-6,
Bikash Kumar,
2A/1, A.K. Bith, City Centre, Durgapur-6.
Source : Telegraph (Calcutta) July 7, 2001
New Delhi, Aug. 12 - A CORPORATE leader in the current times must be a true visionary with inspiring creativity to involve everyone working with him/her to achieve common organisational goals, according to the Governor of Karnataka, Mr T.N. Chaturvedi.
Addressing 160 graduating students at the 10th convocation of the FORE School of Management, Mr Chaturvedi said, "Leaders should be captain of the ship and at the same time be prepared to build relations of mutual trust at all levels to generate practical solidarity."
M.G. Sreekumar, librarian, Indian Institute of Management, Kozhikode (IIM-K) has been awarded the `Young Librarian Award' for 2004, instituted by the Satiner Kaur Ramdev Memorial Trust for Advancement of Librarianship (SATKAL) Trust of Punjab University, Chandigarh.
The award was presented to Mr. Sreekumar by G.S. Randhawa, former Vice-Chancellor, Guru Nanak Dev University, in Chandigarh recently. Mr. Sreekumar has been instrumental in setting up a state-of-the-art library at the IIM-K.
Counselling and spot admissions : MBA
Contact : Dr. S Prabhu
12 & 13 June, 2001 - YMCA Tourist Hostel, Jaisingh Road, New Delhi
Laxmi Memorial Education Trust
A.J. Tower, Balamata, Mangalore-575 002, Karnataka
Source : Hindustan Times (New Delhi) June 11, 2001
Bharathiyar College of Engineering & Technology, Karaikal, U.T. Pondicherry
Rajiv Gandhi College of Engineering & Technology, Kirumambakkam, Pondicherry
Admission: MBA
For admission details contact Colleges / Chennai Office.
Sri Balaji Educational & Charitable Public Trust
No.60, 1st Avenue, Near Pallava Hospital, Ashok Nagar, Chennai-600 083
Source : The Hindu (Chennai) May 23, 2006
Admission Notice 2001-2002 : MBA (NRI/Management Quota Seats)
For details and spot admission, contact : Mr. Pandya at :
Vadodara : Hotel, Yuvraj, Opp. Central ST Depot On 14th, 15th, 16th June, 2001
Surat : Hotel Central Excellency, Station Rd. On 17th & 20th June, 2001
Navsari : A-1, Publicity, 116 Sahil Apt., Opp. Rly. St. - On 18th & 19th June, 2001
Rajkot : Hotel Galaxy, Jawahar Road On 21st & 22nd June, 2001
Ahmedabad : Tirupati Career Counselling, 3rd Fl., H K Trust Building, Ratanpole Naka, Relief Road (Authorised Admission Co-ordination office for Gujarat)
Source : Times of India (Ahmedabad) June
Darice Paula Grippo, a vice president in the investment-research division of the Putnam Management Company in Boston, was married yesterday to Robert Leonard Wareham, a senior trust officer with the Old Colony Trust division of the First National Bank of Boston. The Rev. David Drew Rose, a United Church minister, performed the nondenominational ceremony at the Houghton Memorial Chapel at Wellesley College.
The bride, who will retain her name professionally, is a daughter of Mr. and Mrs. Milo Paul Grippo of Orange, Conn. She was graduated from Wellesley College, where she was a Wellesley College Scholar, and the Harvard University Graduate
It is among the 200 elected 15000 entries in the world. It is expressing its views to an audience composed of the Secretary General of NATO, the president of Ukraine, Delhi Chief Minister Sheila Dixit, president of Harvard University and other glories. It has also been selected for a special meeting with one of the best entrepreneurs of our country. And all this at the age of 22! Meet Vishal Parmar, a student at SP Jain Institute of Management and Research, to leave for Switzerland on May 15 to attend an international symposium on the theme "Liberty, Trust and Responsibility".
Thiruvananthapuram: WATER-based Pravasi Bandhu Welfare Trust, have prompted the government to begin the process of establishment of the university proposed by Pravasi Overseas Indian Ministry of the State.
In a memorandum submitted VS Achuthanandan Chief Minister, the President said Trust V Shamsudheen Kerala was the ideal place around the university for non-resident Indian / People of Indian Origin, given that the state has the highest number NRIs to stay in the different regions of the world, and that the state has received the largest amounts of transfers.
On March 22, the federal cabinet approved a policy framework for the establishment of an
CHENNAI: IFMR (Institute for Financial Management and Research) Trust, supported by a group of investors, including ICICI Bank, the two funds Floating-Network Enterprise Fund, a $ 100 million-Fund, the promotion of start-ups And in a few areas of priority Classic Microfinance Fund, a fund of $ 40 million, funding for start-ups in the micro-finance (IMF).
"The credits are structured domestic and offshore funds for which registration is expected at any time. It is registered overseas and to facilitate investment from international financial organizations," said Puneet Gupta, Chief Operating Officer, IFMR Trust.
Confidence is IFMR function as an incubator for start-ups.
There are innumerable instances of people who entered business without proper knowledge, experience, or mislaid trust and landed in trouble. Here is an example of a young man who started manufacturing moulded chairs. I had no experience in marketing and after manufacturing lots of chairs I started supplying these to the furniture dealers. All of them exploited me as they retained the material and told me that they will pay after the chairs were sold, of course, after deducting their commission. In this manner whatever 1 invested went to the market with no returns. No one took interest in promoting
Equity Office Allows Vornado Group to Review Books (Update4)
Equity Office Properties Trust, the largest U.S. office landlord, agreed to open its books to Vornado Realty Trust, which is leading an unsolicited $21.6 billion takeover bid.
Equity Office is providing information to Vornado, Starwood Capital Group Global LLC and Walton Street Capital LLC, and expects a definitive proposal from the group by Jan. 31, Equity Office said in a statement. Chicago based Equity Office reiterated that its board still recommends Blackstone Group LPs all cash offer of $20 billion, or $48.50 a share.
It validates that Vornados offer is a real
Udupi: TAPMI and TA Pai Management Institute Trust, a note Manipal by the High Court, affirming their disagreement on the country of arrival.
With this, one of the obstacles towards the creation of an office complex District mini Vidhan Soudha near End Point in Manipal was deleted. In the meantime, Deputy Chief Minister BS Yediyurappa, who was here on an official visit confirmed the government's decision to construct mini Vidhana Soudha, and said End Point R 12 crore had already been the same.
Landkreis-in-Charge-VS Minister Dr Acharya said that the proposed structure, the DC's office, hotel and post office Zilla panchayats.
The proposal
Ahmedabad, September 8: As the legal fight between Institute of Rural Management Anand (IRMA) chairman Verghese Kurien and director K Prathap Reddy continues, another Kurien protege has filed a petition before the Charity Commissioner, Nadiad, saying that Kurien has to pay back a sum of Rs 65 lakh to Amul Research and Development Association.
The money was part of a kitty of more than Rs two crore, raised by Dr V Kurien Felicitation Committee in 1998-99 to honour Kurien for his services to co-operatives and farmers. It was deposited in Dr V Kurien Public Charitable Trust.
While Ramesh Patel, former Amul chairman,