About Innovsource Services
Innovsource Services is a company based in Mumbai (India) founded in 2004 was acquired by Samara Capital in July 2018.. The company has 66,976 employees as of April 08, 2024. Innovsource Services offers products and services including Temp Staffing, Permanent Recruitment, Facility Management, and Payroll Management. Innovsource Services operates in a competitive market with competitors including ADP, CIEL HR, SILA, Bullhorn and Colliers, among others.
- Headquarter Mumbai, India
- Employees 66976 as on 08 Apr, 2024
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Sectors
Business Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Innovsource Services Pvt. Ltd.
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$218.73 M (USD)14.5as on Mar 31, 2023
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Net Profit
$581.1 K (USD)-76.27as on Mar 31, 2023
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EBITDA
$3.04 M (USD)9.26as on Mar 31, 2023
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Latest Funding Round
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Investors
Goldman Sachs
& 2 more
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Employee Count
66976
as on Apr 08, 2024
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Acquired by
Samara Capital
(Jul 10, 2018)
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Products & Services of Innovsource Services
Innovsource Services offers a comprehensive portfolio of products and services, including Temp Staffing, Permanent Recruitment, Facility Management, and Payroll Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides temporary workforce solutions for business needs
Offers hiring solutions for permanent roles
Manages infrastructure and support services for organizations
Handles payroll processing and compliance tasks
Funding Insights of Innovsource Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Innovsource Services
Innovsource Services has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Goldman Sachs, Samara Capital and Janchor Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Private equity investments are managed across multiple sectors.
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Founded Year | Domain | Location | |
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Janchor Partners is engaged in industrialist investing and research.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Innovsource Services
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Innovsource Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Innovsource Services Comparisons
Competitors of Innovsource Services
Innovsource Services operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ADP, CIEL HR, SILA, Bullhorn and Colliers, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HR management solutions are offered for payroll and compliance.
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| domain | founded_year | HQ Location |
HR management, recruitment, and staffing services are provided.
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| domain | founded_year | HQ Location |
Provider of facility & project management, advisory, general contracting, and real estate development services
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| domain | founded_year | HQ Location |
Cloud-based ATS and CRM systems are offered for staffing agencies.
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| domain | founded_year | HQ Location |
Provider of diversified professional and investment management services
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| domain | founded_year | HQ Location |
End-to-end HR services are provided to various organizations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Innovsource Services
When was Innovsource Services founded?
Innovsource Services was founded in 2004.
Where is Innovsource Services located?
Innovsource Services is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Innovsource Services?
Manmeet Singh is the current CEO of Innovsource Services.
How many employees does Innovsource Services have?
As of Apr 08, 2024, the latest employee count at Innovsource Services is 66,976.
What is the annual revenue of Innovsource Services?
Annual revenue of Innovsource Services is $218.73M as on Mar 31, 2023.
What does Innovsource Services do?
Provider of recruitment services. Its services span across general staffing, integrated facility management, apprenticeships, managed services, assessment, selection, onboarding, permanent staffing, skill development, Payroll Management, Manpower Outsourcing, and HR technology services.
Who are the top competitors of Innovsource Services?
What products or services does Innovsource Services offer?
Innovsource Services offers Temp Staffing, Permanent Recruitment, Facility Management, and Payroll Management.
Who are Innovsource Services's investors?
Innovsource Services has 3 investors. Key investors include Goldman Sachs, Samara Capital, and Janchor Partners.