The renamed “FlexAbility by AMS” will present Indian expertise for AMS’s international shoppers in banking and different sectors
AMS (previously Alexander Mann Options), the main international supplier of expertise outsourcing and advisory providers, immediately introduced the acquisition of FlexAbility, its longstanding Recruitment Course of Outsourcing (RPO) associate in India, from the shareholders of agency ABC Consultants, the pioneer of recruitment providers within the nation.
FlexAbility, renamed FlexAbility by AMS, will function inside the AMS international platform. FlexAbility CEO Vinod Subramanian will proceed to guide its administration crew and the corporate’s subsequent part of development.
Based in 2009, FlexAbility is headquartered in Mumbai and has greater than 1,000 staff throughout seven cities in India. For greater than a decade, AMS has been working with FlexAbility to offer Indian expertise to international shoppers throughout a variety of sectors. The acquisition formally combines AMS’s international platform with FlexAbility’s native experience in India, an more and more necessary recruitment and workforce providers marketplace for AMS international shoppers.
David Leigh, AMS CEO, mentioned: “I’m delighted that we’re taking our lengthy and extremely profitable partnership with FlexAbility to the following degree. The demand from international shoppers for Indian expertise continues to develop apace and this acquisition will strengthen our management place within the thrilling and talent-rich Indian market.”
FlexAbility CEO Vinod Subramanian mentioned: “The world has modified radically for the reason that international pandemic and the demand for Indian expertise is insatiable. Turning into an integral a part of the AMS household offers FlexAbility a fair stronger platform for development. Our staff could have nice alternatives for skilled improvement and AMS shoppers from the world over could have higher entry to Indian expertise.”
Shiv Agrawal, MD, ABC Consultants mentioned: “I’m very happy with how FlexAbility has developed and grown over the previous 12 years to turn into a pacesetter within the RPO market in India. Partnering with AMS to ship world class service out of India has been implausible and I want AMS, Vinod & your entire crew at FlexAbility nothing however the easiest for the longer term.”
The acquisition reinforces India’s place as a world chief in RPO. India is witnessing unprecedented development in demand for expertise, recruitment and workforce advisory assist for multinational firms (MNCs) as economies revive and reply to a brand new tradition of distant working. Aggressive talent-rich markets similar to India have stepped as much as present central providers for international corporations at a time of deepening abilities shortages in some developed markets.
Towards this backdrop this acquisition’ will present AMS with a robust basis for additional development worldwide because it serves MNCs which might be quickly adopting RPO providers.
In the present day’s announcement follows a interval of sturdy international development at AMS, particularly in america the place its headcount has grown four-fold within the final 18 months and is now near 2,000 sturdy. AMS has additionally expanded considerably in Europe and Asia, with a number of new workplace openings to satisfy demand from most of the world’s main organisations for expertise acquisition and administration to realize a aggressive benefit. India and FlexAbility by AMS are set to play a key function in AMS’s international development technique.
OMERS, one in every of Canada’s largest outlined profit pension funds with C$121 billion in internet property, is the principal investor in AMS and the settlement additionally extends its connection and dedication to India. OMERS investments in India embody renewable power producer Azure Energy and toll street operator IndInfravit.
The monetary phrases of the transaction weren’t disclosed.