The two companies will provide a holistic offering to enterprises in the HR technology space.
Browsing: PeopleStrong
Garg, who has been the board member of several companies in the past, has mentored many startups.
The company is looking to make two significant acquisitions in the next few months, in an endeavour to strengthen its portfolio and expand presence outside India.
With dipping revenues, falling hiring numbers and the kind of talent sought by IT industry undergoing a massive change, what will keep the charm intact?
The main areas of work will include leave and attendance management, onboarding, travel and payroll.
The fresh infusion of capital by Multiples will be used to further strengthen PeopleStrong’s technology offering.
The buzz is that Multiples plans to buy about 80 per cent stake in PeopleStrong for about Rs 400 crore and if it works out as planned, this could be one of the biggest deals in HR so far.
What began with scrutinising a list of 900 applicants, took six months to identify the two top executives. Beginning with a newspaper advertisement seeking candidates, the shortlisting process that followed was extremely rigorous.
The study forecasts an overall increase of 14.5 per cent in the hiring intent in 2016, as well.