Spectrum Talent Management plans to go public in the next couple of years, clocks revenue worth 465 crores in FY21-22

The talent management company eyes 50-60% growth and targets closing FY 22-23 at 750 crores

August 25: Spectrum Talent Management, a one-stop solution for global-local human talent management needs, aims to go public in the next couple of years, backed by the growth in the hiring segment. The company closed FY21-22 at 465 crores, which is 55% higher than the previous year’s revenue recorded at 298 crores. The company credits its growth to the rise in demand across segments in the recruitment and staffing business in India as well as globally. Moreover, it was also an outcome of the recoveries/pent-up demand from the Covid-induced lockdowns.

Spectrum Talent Management was incorporated in 2008, with a capital of 2 lakhs each by both directors. With 15,000+ headcount and 465 crores revenue generated, With 9+ offices in India and International offices in USA, UK and UAE, it has delivered phenomenal growth in the last few years. So far, the organization has worked with 300+ clients globally and facilitated 8000+ hirings last year. Even in pre-covid times, the organization achieved close to 302 crores. There is a lot of development and aggressive expansion in the Indian market, including the services and manufacturing industries. The Government’s “Make in India” initiative also fosters tremendous demand in the manufacturing sector, and continuous funding in the technology sector drives solid double-digit growth. This, along with the high global demand for talent, will propel the company’s growth both in India and overseas.

Sharing his insights on the remarkable performance, Mr. Sidharth Agarwal, Director, Spectrum Talent Management, said, “We aim to reinforce Spectrum’s position in the market as one of the leading talent management companies with our unique solutions and quality service delivery. Having achieved 465 crores revenue this year, we expect our business to grow further and look forward to crossing 1000 Crores by FY 24. “

Mr. Vidur Gupta, Director of Spectrum Talent Management, said that “We are now looking to take things to the next level by going public.  We are already in talks with investors to raise funds, and we intend to use the fund for both organic growth and acquisitions. As India moves towards formal employment, the scope of growth is practically unlimited. It’s more about how much one can do on both our fronts, permanent recruitment and contractual staffing. We have a great team with a vibrant experience and well geared to meet our targets”.

The business world remains uncertain due to the ongoing health threat worldwide and the relatively dynamic nature of economies globally. Spectrum Talent Management projects a high growth rate due to the accelerated digitisation and globalisation propelled by the pandemic. Hiring for specialised roles was at an all-time high in the last quarter and is expected to increase in the coming months. In pursuit of delivering the best-in-class HR services, Spectrum has emerged as a frontrunner in the industry.

If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Ciceroni hosts their first pop-up in Mumbai, A curation that brings forth 20+ emerging homegrown designers from across India

New Delhi (India), February 6: Ciceroni, A Hyperlocal Fashion & Lifestyle Event Discovery and Curated E-commerce Platform, will showcase some of India’s best emerging and affordable artisanal labels in Mumbai for the very first time. The CICERONI EDIT – VOL. III will take place at The Vintage Garden, situated in Bandra West, on the 11th […]

Read More
Business

Budget a step towards making India a superpower as well as self-reliant – Mr. Alpesh Purohit, Director, Pinnacle Credit Advisors Pvt Ltd

Alpesh Purohit, Director, Pinnacle Credit Advisors Pvt Ltd New Delhi (India), February 6: The union budget 2023 emphasises mainly 3 pillars – Capex Boost, Fiscal Prudence and Income tax reforms. The budget has no negative surprises on any front. The budget focuses largely towards fostering investments in the infrastructure and manufacturing sector with an aim […]

Read More
Business

Looking for career growth? Work for an international startup like IAMOPS in India!

Work for an international startup like IAMOPS in India New Delhi (India), February 6: A job search begins with finding the right company. Indian startups can have a very different working environment than international startups. The fast-paced nature of work may attract you to an Indian startup, but there is a constant desire to seek global opportunities […]

Read More