MAM
Randstad acquires 57% of Indian staffing company Team4U
MUMBAI: Randstad Holding has agreed with shareholders of Team HR Services Private Limited, operating under the brand name Team4U, to purchase 57 per cent of the company’s shares, with the option to purchase the remainder of the shares over the coming two years.
“Team4U provides a platform to further strengthen Randstad’s position in the growing Indian market, and fits with our overall growth strategy to establish a presence in the region,” the company stated.
“Team4U helps Randstad expand its Indian business. This gives us a head start in entering the rapidly growing staffing market thanks to their market share of some 10 per cent. Team4U is a well-managed company that has experienced excellent growth over the past years, now being the fourth largest staffing company in India. We are delighted to benefit from the managerial and commercial strengths of Team4U. This will allow us to further leverage our position in India, which we first established with our majority stake in the Indian recruitment company EmmayHR in December 2005,” said Randstad Holding CEO Ben Noteboom.
“Randstad’s expertise in staffing will enhance our capabilities for serving our clients. With Randstad as a strong partner, we will be in an even better position to continue our path of profitable growth,” said Team4U president and director Abhinav Dhawan.
Team4U provides staffing and HR solutions services, with payroll management services forming an important part of the service offering. Headquartered in Delhi, Team4U has offices in nine Indian cities, including Mumbai, Bangalore and Kolkata.
The staffing and recruitment services market in India is still relatively small, but rapidly developing. Randstad already established a position in the Indian recruitment market by obtaining 51 per cent of the shares of EmmayHR in December 2005. The current transaction with Team4U provides Randstad access to the Indian staffing market.
Brands
Samsung India elevates Aditya Babbar to lead mobile business
Exec takes charge of MX sales and marketing after Raju Pullan’s exit
NEW DELHI: Samsung India has elevated Aditya Babbar to lead its mobile phone business, following the exit of Raju Antony Pullan.
Babbar, who previously served as vice president within the mobile division, has been appointed head of sales and marketing for the MX (mobile experience) business, effective May 1. In his new role, he will oversee the company’s sales and marketing operations for smartphones and related categories in India, reporting to the executive vice president of the MX business.
A long-time Samsung executive, Babbar brings over a decade of experience within the organisation, having held multiple leadership roles across product, marketing and category management. Most recently, he led product marketing and e-commerce for the mobile division, following earlier stints as head of product and marketing and senior director roles.
His career within Samsung Electronics and its India operations has also included responsibilities for flagship devices, tablets and wearables, giving him a broad view of the company’s premium and mass-market portfolio.
Babbar succeeds Pullan, who stepped down from the role, marking a leadership transition at a time when India remains a key battleground for global smartphone makers.
The appointment signals continuity within Samsung’s leadership bench, with an internal candidate stepping up to steer one of its most critical business units in a highly competitive market.
