The Indian staffing industry is estimated at Rs 26,650 crore, wherein flexi (flexible) staffing accounts for 75 per cent and is worth Rs 19,900 crore, a report says.
According to a report by Staffing Industry Analysts, flexi staffing accounts for 75 per cent of the Indian staffing industry and is worth Rs 19,900 crore, permanent recruitment accounts for 12 per cent (worth Rs 3,250 crore) and other services 13 per cent (Rs 3,500 crore).
As per the report the largest staffing companies in India, based on 2012 revenue are Adecco, which has a revenue of Rs 1,469 crore, followed by TeamLease (Rs 1,312 crore), Randstad (Rs 1,161 crore), Ikya Human Capital Solutions (Rs 910 crore) and Manpower Group (Rs 646 crore).
Others in the list include Global Innovsource Solutions Rs 529 crore, Genius Consultants (Rs 330 crore), Kelly Services (Rs 313 crore), Allegis (Rs 175 crore) and ABC Consultants (Rs 87 crore).
"The major international staffing firms that are represented in our list have come to India because they recognise the huge potential of the market," Staffing Industry Analysts Director of International Research Adam Pode said.
According to the Indian Staffing Federation, there are at present 1.3 million temporary workers in the organised sector, that is likely to swell to 9 million workers in the next 10 years.
"Considering the pace at which the industry is growing in India it can easily outnumber all countries in the next 12 years with the sheer size of flexi-staff deployed in the formal sector, given the opportunity," ISF Vice President Rituparna Chakraborty said.
By 2025, it is expected that 10 per cent of the overall workforce in India could be working in a flexible capacity through staffing companies, she added.
