Kamal Karanth A, Ex Managing Director at Kelly Services India and Malaysia along with Anil Kumar ET Ex Managing Director of RGF India, have announced their new venture. Xpheno, a specialist staffing company, will address the growing demand for skilled talent in industries like IT, Life Sciences, Consumer Retail and Engineering Sectors in India. Xpheno will be a one stop shop for companies who need professionals on project as well as direct hires. Xpheno will also focus on sourcing for the lucrative US Staffing business.
Kamal and Anil bring with them, a collective experience of over 30 years, in the staffing business. The duo plan to raise Series A Funding in the next 3-6 months. The funds will be used to expand across all metros and to build a technology platform that can serve talent and client organisations efficiently. Xpheno will specifically focus on meeting the shortage of skills in emerging technologies, which presents a significant growth opportunity for the company. The founders plan to build an INR 100 crore business over the next 2 years. The vision is to create an INR 1000 crore organisation over the next 5-7 years.
Xpheno currently works with over 30 clients and plans to add another 200 clients to its portfolio in the next six months. The founders have already brought on board, a clutch of senior leaders from leading Staffing Companies, to grow the IT, Life Sciences and engineering verticals of the business. With a collective experience of over 60 years in the professional recruiting space, these leaders have been signed on to make the first INR 200 crore leap for Xpheno.
According to Kamal Karanth, Co-Founder, Xpheno, “In an uncertain world, organizations need flexibility and expertise in staffing skilled talent. Xpheno will be the strategic partner for organizations to manage this conundrum. Our global eco-system expertise, access to talent and technology knowhow will serve as key differentiators in the market.’’
Anil Kumar ET, Co-Founder, Xpheno said: “We believe that successful organisations are created with exceptional talent and great talent is difficult to find on one’s own. The decrease in the tenure of senior executives is compelling organisations to create a continuous talent pipeline. Companies seek partners with sector expertise whilst recruiting leadership talent, in a bid to minimize the cost of wrong hires. The Xpheno team already has the requisite experience of onboarding senior talent over the last few decades, which gives us the edge.”