Adecco India acquires Ajinkya

Bangalore, Feb 6: Adecco India, HR Service company today announced the acquisition of Ajinkya, a blue collar temping company.

Adecco CEO Sudhakar Balkrishnan told reporters here today that the first of its kind organised acquisition in this space allows Adecco a significant foothold in the burgeoning market for blue collar temping in India and further consolidates its local market leadership. Adecco globally is the market leader in the blue collar temping market with majority of its revenues derived from it," he said. Ajinkya would become part of Adecco India and operate as Adecco's Industrial Staffing Division headed by C R Kale.

The company plans to grow ten-fold from the current level to 40,000 blue collar temps over the next two years making it the market leader in this segment, he said.

UNI