Ma Foi Management Consultants Ltd has undergone a major structural overhaul in an attempt to strengthen its service offerings and consolidate its number one position in the Human Resource industry. While the mother company will focus on staffing solutions, Ma Foi Consulting Solutions will undertake BPO and HR consulting activities focusing on the higher end of the value chain. Executive Search services will be provided by Ma Foi Global Search Services.

The $ 4.8 mn HR Company earlier in the year announced its plans to expand its overseas and domestic presence and deepen its technological infrastructure. This would involve a Rs 12 crore (US $ 2.6 mn) investment to increase its footprint to US, Oman, Muscat, Bahrain and Qatar. Countries such as Canada, Indonesia, Philippines and Thailand will also follow shortly.

At present the company has five overseas subsidiaries in Colombo, Malaysia, Singapore, London and Dubai and is likely to double its overseas headcount from 50 to 100. On the domestic front Allahabad, Aurangabad and Simla will be added to its 42 offices, with staff strength escalating to from 450 to 700.

Global plans involve covering the energy and banking, financial services and insurance verticals to service its contract staffing needs more optimally. Dubai and London would be the bases for energy and BFSI (Banking, Finance, Securities and Insurance)respectively.

In India, Ma Foi is to add consumer sales, retail and technology to its already existing verticals of BFSI, energy and infrastructure, telecom, consumer, retail, education and research, IT, ITES and life sciences. It also intends to treble its workforce from the current 125 to 300 by December 2005 at its Chennai operations, which focuses on outsourcing and consulting.

Earlier in 2004 Dutch staffing major Vedior had picked up a 76 per cent stake in Ma Foi for Rs 27.4 crore (approx. $ 6 mn).