Tuesday, Apr 23 2024 | Time 18:05 Hrs(IST)
image
Business EconomyPosted at: Dec 2 2022 7:03PM


CIEL announces strategic investment in tech platforms ahead of IPO plans

Bengaluru, Dec 2 (UNI) Leading towards IPO plans, CIEL HR Services, one of the leading workforce and skilling solution companies in India, is taking strides in its expansion plans by organic and inorganic growth.
Charting its inorganic growth journey, CIEL announced a strategic investment on Friday into Next Leap Career Solutions Private Limited, brand named Jombay, by signing a definitive agreement to acquire its 100 percent equity stake in tranches.
This acquisition is part of its strategic vision to expand its offering in the HR services space. With this acquisition, CIEL Group strengthens its position further as a workforce solutions company leveraging technology.
Jombay's technology solutions are used by more than 500 marquee organizations for identifying and building great managers and leaders and making them future ready.
Every year more than 200,000 managers and leaders go through Jombay’s Assessments & Development programs.
It is a "Made In India", "Made For World" platform built by a team of business psychologists, engineers and product entrepreneurs.
Jombay enjoys a strong HR community connection including the HR 40 under 40 initiative.
Pi Capital and Legalogic has advised Jombay through this deal and NovoJuris represented CIEL.
Recording a 80 percent growth y-o-y revenue for H1' 22-23, CIEL continues to chart its organic growth journey by expanding its geographic footprint and service offerings. CIEL operates from 74 offices across 50 locations at present.
UNI BDN SY SHK1903
Please log in to get detailed story.
Tags: #CIEL announces strategic investment in tech platforms ahead of IPO plans
More News

Sensex up 89 83 pts

23 Apr 2024 | 4:29 PM

Mumbai, April 23 (UNI) The BSE Sensex remained positive for the third straight session on Tuesday, rising 89.83 pts to close at 73,738 on the strength of Telecommunications, Realty and Technology stocks amid positiveAsian Market.

see more..

Construction cost in India likely to rise by 6 pc in 2024: JLL

23 Apr 2024 | 12:33 PM

Hyderabad, April 23 (UNI) The overall construction cost in the country is expected to increase by an average 6 per cent across various sectors in the Financial Year (FY) 2024, according to a latest construction cost guidebook release recently by JLL, a leading global commercial real estate and investment management company.

see more..
Rupee rises 3 paise against USD

Rupee rises 3 paise against USD

23 Apr 2024 | 11:35 AM

Mumbai, Apr 23 (UNI) The rupee continued to rise on Tuesday too, as it advanced 3 paise to 83.34 in the opening session on the selling of US dollars by bankers and exporters, dealers at the Foreign Exchange said.

see more..
Sensex up 400 points

Sensex up 400 points

23 Apr 2024 | 11:35 AM

Mumbai, Apr 23 (UNI) Extending the rally for the third consecutive day, the BSE Sensex on Tuesday spurted 400 points to open at 74,048.94 as buying was seen across the board.

see more..
Air India and All Nippon Airways to begin codeshare partnership for travel between India and Japan

Air India and All Nippon Airways to begin codeshare partnership for travel between India and Japan

23 Apr 2024 | 11:19 AM

GURUGRAM, Apr 23 (UNI) Air India, India’s leading global airline, and All Nippon Airways, the largest Japanese carrier, have signed a codeshare agreement connecting their networks.

see more..
image