PERSOL HOLDINGS to Invest in Vahan

Under the Group Vision “Work and Smile” PERSOL HOLDINGS CO., LTD. (based in Minato-ku Tokyo; President and CEO: Takao Wada, hereinafter “PERSOL ”)  to invest in Vahan Inc.（registered in the U.S. and based in India; CEO and Founder：Madhav Krishna, hereinafter “Vahan”）, an AI-powered Master Agency Platform provider. The investment was made via PERSOL VENTURE PARTNERS LLC.

【Overview of Vahan】
Vahan is building an AI-powered Master Agency Platform that connects employers in India who hire large numbers of blue-collar workers with recruitment agencies.  Till date, they have helped 750,000 people employed across 1,000+ cities or towns in India.  This makes them one of the largest recruitment platforms in the country.  They are backed by marquee Silicon Valley investors such as Y Combinator and Khosla Ventures.

Message from Shingo Ishida, Partner and Head of APAC, PERSOL VENTURE PARTNERS

We are thrilled to collaborate with Vahan, whose innovative technology and advanced business operations, driven by deep market insights, align perfectly with our broader strategy in India. Vahan’s Master Agency Platform is designed to revolutionize talent acquisition and workforce management by leveraging AI-driven solutions. Through this partnership, the PERSOL Group will support the expansion of Vahan’s reach, helping businesses in India access skilled talent more efficiently.

Message from Madhav Krishna, CEO and Founder, Vahan.ai

We are delighted to partner with the PERSOL Group as we continue our mission to empower India’s massive blue-collar workforce. With over 300 million workers, this segment represents one of the largest and most dynamic labor markets globally. By combining Vahan's AI-driven recruitment technology with PERSOL's global expertise, we aim to revolutionize hiring at scale and create meaningful opportunities for millions of workers across India.

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, First Section (stock code 2181) and recorded sales of 1.3271 trillion yen (fiscal year ended March 2024).

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+.”