The company, which has made a strategic investment into Next Leap Career Solutions, is planning its IPO for Q2FY24.
This came on the sidelines of the company launching a solution focused on meeting the staffing needs of startups and MSMEs, which it says will help it cross Rs 1000 crore in turnover in FY23.
Before IPO, Ma Foi is set to acquire two staffing firms, and is expected to raise Rs 100 crore from private players including PE funds.
K Pandia Rajan, a former minister in the ousted AIADMK government in Tamil Nadu, says politics kept him from giving full attention to businesses of the Ma Foi group he founded. One of the companies CIEL HR is aiming to launch an IPO.
Here‘s a low-down on what top ministers from different states expect from upcoming Budget and their views on GST rollout.
The fifth meeting of goods and services tax (GST) saw no breakthrough as the dual control impasse continued. In tomorrow's eight hour long meet too the dual control hitch will be discussed in the hope of coming to a consensus.
Thomas Isaac, Finance Minister, Kerala, said that two days were not enough to reach a consensus on rates.
Tamil Nadu is keen on building an Auto-IT bridge cluster to consolidate its strengths which are software capabilty as well as automobile and components manufacting. K Pandiarajan tells CNBC-TV18 that this cluster will make Tamil Nadu pioneer in the Automobile and IT sector.
While seven demands of the opposition have been covered, three demands still remain untouched, K Pandiarajan, spokesperson of AIADMK said.
He says AIADMK does not support GST in its current form. The party is far from a consensus to approve GST due to the various concerns most notably on the issue of compensation for five years due to the loss in revenue.