PERSOL HOLDINGS to Invest in WorkIndia.

The comprehensive personnel service provider PERSOL HOLDINGS CO., LTD. (based in Minato-ku Tokyo; President and CEO: Takao Wada, hereinafter “PERSOL ”) to invest in Eloquent Info Solutions Private Limited (based in India; CEO : Kunal Patil, hereinafter “WorkIndia”), India’s leading frontline workers’ recruitment platform.

The investment was made via PERSOL VENTURE PARTNERS LLC (based in Minato-ku, Tokyo; CEO: Takeyuki Kato, former “PERSOL INNNOVATION FUND LLC”), who leads the group in investment to create new businesses and services through open innovation.

Purpose of the Investment

WorkIndia, while it has a significant number of job postings for frontline workers, they pioneered the calling model in 2017, which today has become an industry standard in India with most large companies and start-ups using this call model. It has been a pain point for candidates as many job postings are fraud – by enabling candidates to call the employer directly, it would help protect them. WorkIndia has also developed its original fraud detection technology for further support.

PERSOL aims to leverage WorkIndia’s superior product and fraud detection technology and introduce them to PERSOL’s operations in 13 countries and regions globally.

Overview of Workindia.

Reference: Overview of PERSOL VENTURE PARTNERS

About PERSOL HOLDINGS < https://www.persol-group.co.jp/en/>

Since its founding in 1973, Tempstaff Co., Ltd. (now PERSOL TEMPSTAFF CO., LTD.) group companies have been involved in a comprehensive human resources services—from placing temporary and permanent staff to outsourcing services and career transition (outplacement) support. The holding company, formed in October 2008 as Temp Holdings Co., Ltd., changed its name to PERSOL HOLDINGS CO., LTD. in July 2017.

The company is listed in the Tokyo Stock Exchange, Prime Market (stock code 2181) and recorded sales of 1,060,893 million yen (fiscal year ended March 2022).

About PERSOL

Under the Group Vision “Work, and Smile,” the PERSOL Group engages in diverse services concerning people and organizations, which include temporary staffing service “Tempstaff,” career improvement service “doda,” IT-outsourcing, and design development.

We are also working on the next generation of innovations by integrating human resource services and technologies, offering services such as career improvement service “MIIDAS,” empowering of technology talent and construction support for DX organizations “TECH PLAY,” and a cloud-based mobile POS cashier “POS+.”